# PROGRESSIVE MOTORS LTD (11719928)

> 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).

- Status: Active
- Incorporated: 2018-12-10
- Registered office: Ipswich, IP4 1NP
- SIC 45112: Sale of used cars and light motor vehicles
- Next accounts due: 2026-09-30
- Confirmation statement due: 2026-12-24
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the lower half of 3,345 comparable companies in Other (median £7,606, upper quartile £94k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £4,466 | £7,714 | — | £660 | — | — | 1 |
| 2023-12-31 | £3,392 | £8,620 | — | £695 | — | — | 1 |

current ratio 11.69; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net 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 year: Current ratio 11.69
- Incorporated five or more years ago: Incorporated 10 December 2018
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Kiril Aleksandrov Nikolov — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2018-12-10

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/11719928
HTML: https://firmoscan.com/company/11719928-progressive-motors-ltd