Progressive Technology Limited

Progressive Technology Ltd, based in Newbury, UK, is a sizable holding company with an active status, having operated for 15 years. Employing 185 people and boasting assets of £7,198,241, it's a significant player in the engineering sector. The company, overseen by one director and one owner, maintains a real address and enjoys a stellar 5.0 Google rating from 48 reviews. It regularly imports machinery, boilers, and mechanical appliances—parts, with the last import operation occurring in January 2025. Exporting vehicles, parts, and accessories (excluding trains and trams), the last export took place in January 2025.

The company’s website reveals a focus on advanced manufacturing, particularly in the areas of CNC machining, additive manufacturing, and composite materials. It serves demanding industries like motorsport, aerospace, and defence, offering precision components and specialized services. The site highlights its expertise in carbon component manufacturing, pattern sealing, and quality inspection. It's clear that Progressive Technology Group is aiming for a high-end market, emphasizing technical capabilities and bespoke solutions.

Financially, Progressive Technology Ltd presents a mixed picture. While turnover increased by 100% to £2.3 million, profits also surged by a remarkable 100% to £1.1 million, indicating improved operational efficiency. However, accrued liabilities deferred income decreased by 73% to £31,000, which could signal tighter financial controls or reduced short-term obligations. Bank borrowings increased by 100% to £1.2 million, which could be to fund expansion or investments. Cash bank on hand increased by 66% to £1.4 million, a positive sign of liquidity. Despite this, deferred tax expense credit relating to origination reversal timing differences decreased by 69% to £670,000. The company’s large size (meeting two of three criteria for a large company) suggests a robust business model, but the fluctuations in certain financial metrics warrant close monitoring. The accounts were audited by Ormerod Rutter Limited, providing a degree of assurance. Overall, Progressive Technology Ltd appears to be a financially healthy company, well-positioned for continued growth, although the increased borrowing should be kept an eye on.

Registered in England/Wales under the registration number 07051006, with a registered address at RG14 5TS, United Kingdom, Newbury, Berkshire, Hambridge Lane.

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