£4,466
+32%vs Dec 2023Active11719928Private limited companyIpswich
PROGRESSIVE MOTORS LTD
Significant control: Kiril Aleksandrov Nikolov (75–100%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does Progressive Motors Ltd sell?
Registered activity: Sale of used cars and light motor vehicles (SIC 45112). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
PROGRESSIVE MOTORS LTD is an active private limited company (company number 11719928) incorporated on 10 December 2018, registered in Ipswich. Its registered activity is sale of used cars and light motor vehicles (SIC 45112). Latest small accounts cover the period ending 31 December 2024, showing net assets of £4,466 and cash of £7,714, with 1 employee on average. Net assets rose 32% on the prior period (£3,392).
Peer position · net assets
By net assets it sits in the lower half of 3,345 comparable companies in Other (median £7,606, upper quartile £94k).
02
Ownership and control
- Mr Kiril Aleksandrov Nikolov
- owns 75–100% of shares
- holds 75–100% of voting rights
- can appoint or remove directors
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 10 December 20187 yrs ago
- Next accounts due
- 30 September 202625 days overdue
- Confirmation statement due
- 24 December 2026in 60 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 45112
- Sale of used cars and light motor vehicles
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£7,714
−11%vs Dec 2023Not reported
1
No changevs Dec 2023| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 December 2024 | £4,466 | £7,714 | — | £660 | — | — | 1 |
| 31 December 2023 | £3,392 | £8,620 | — | £695 | — | — | 1 |
Current ratio11.69Current assets ÷ creditors within one year
Cash per employee£7,714Cash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets above zeroNet assets £4,466 at 31 December 2024
- Net assets up 10% or more on the prior period+31.7% vs prior period
- Current assets at least 1.5× creditors within one yearCurrent ratio 11.69
- Incorporated five or more years agoIncorporated 10 December 2018
- Accounts past their due dateDue 30 September 2026
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Confirmation statement duein 60 days
- Next accounts due25 days overdue
- Accounts period endNet assets £4,466 · small accounts
- Accounts period endNet assets £3,392 · small accounts
- Incorporated
08
Similar companies in the UK
- CINDERFORD MG LTDCinderford · inc. Dec 2018
- BASFORD MOTORS LTDStoke On Trent · inc. Dec 2018
- STABLES CAR SALES LIMITEDShrewsbury · inc. Dec 2018
- CARBET LTDStoke On Trent · inc. Dec 2018
- DIPLOMATIC SERVICES LTDPeterborough · inc. Dec 2018
- LEEON LIMITEDNorwich · inc. Dec 2018
All companies incorporated on 10 December 2018 · in Dec 2018.
09
Reminders for PROGRESSIVE MOTORS LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.