Progressive Systems Limited

Progressive Systems Ltd from Exeter UK: a large company, holding company, active status, founded 38 years ago, with 51 employees, boasts £7,085,824 in assets and a yearly revenue of £19,247,236. It operates from a real address and is managed by six directors, with one owner. The company is an irregular importer of aluminum and aluminum products, with just one month of import activity recorded.

The company’s primary focus is the supply and installation of garage doors, security systems, and related products throughout Gloucestershire and nationwide. Its website showcases a wide range of offerings, including roller garage doors, sectional garage doors, security shutters, and retractable gates, catering to both residential and commercial clients. They even provide services like fire shutter installation and sun awning solutions. The website also highlights case studies and an installation map, demonstrating a wide geographic reach. Progressive Systems Ltd appears to be a well-established player in the physical security market, with a focus on custom-made solutions.

Financially, Progressive Systems Ltd presents a mixed picture. While turnover remained relatively stable, at £19,247,236, net assets decreased by 6% to £18,999,999. Bank borrowings increased by 20% to £120,000, and cash reserves decreased by 10% to £1,400,000. The company's administrative expenses increased by 42%, suggesting potentially higher operating costs. The company’s small size (meeting two of three criteria for a large company) helps it stay agile, but the decrease in net assets raises questions. The company’s auditor is PKF Francis Clark, and the financial statements are audited.

Overall, Progressive Systems Ltd appears to be a stable, albeit somewhat pressured, business. The company's wide range of products and services, combined with its established reputation, position it well for future growth. However, the increase in administrative expenses and decrease in net assets warrant close monitoring.

Registered in England/Wales under the registration number 02032689, with a registered address at EX2 8PW, Exeter, Devon, Unit 7 Cranmere Court, Lustleigh Close.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.