How much does Progressive Safety Footwear and Clothing Limited make?

Progressive Safety Footwear and Clothing Limited reported revenue of £7.8m and a loss of £2m in the year to 30 Apr 2023, according to its accounts filed at Companies House.

How many employees does Progressive Safety Footwear and Clothing Limited have?

Progressive Safety Footwear and Clothing Limited reported an average of 53 employees in the year to 30 Apr 2023.

Company No. 00688039 · Incorporated 27 Mar 1961

Progressive Safety Footwear and Clothing Limited

Q: Is Progressive Safety Footwear and Clothing Limited profitable?

No — Progressive Safety Footwear and Clothing Limited reported a loss of £2m in the year to 30 Apr 2023.

Registered name: PROGRESSIVE SAFETY FOOTWEAR AND CLOTHING LIMITED

Progressive Safety Footwear and Clothing Limited made £7.8m revenue and a £2m loss in the year to 30 Apr 2023. read from filing text

Progressive Safety Footwear and Clothing Limited’s revenue fell 13% to £7.8m in the year to 30 Apr 2023, with a loss of £2m and 53 employees. The company is classified under “wholesale of clothing and footwear” and is based in Northampton; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46420Wholesale of clothing and footwear

Status: Liquidation
Location: Northampton, East Midlands
Age: 65 yrs · since 1961
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The ultimate controlling party is”

Latest accounts · year to 30 Apr 2023

Key figures

Capital-lightCash flow filed

Revenue

£7.8m

Growth ▼13.4%

Profit

−£2m

Growth —

Profit margin

−25.1%

Gross 12%

Employees

Change ▲1.9%

Profit / employee

−£37.2k

Revenue/employee £148k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2022	30 Apr 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£9.1m	£7.8m
Cost of sales	£7.5m	£6.9m
Gross profit	£1.6m	£941k
Operating profit	−£721k	−£1.8m
Profit before tax	−£760k	−£2m
Profit after tax	−£743k	−£2m
Profit (best available)	−£743k	−£2m
Staff costs	£1.5m	£1.6m
Employees (average)	52	53
Ratios
Profit margin	−8.2%	−25.1%
Gross margin	17.5%	12%
Revenue per employee	£174k	£148k
Profit per employee	−£14.3k	−£37.2k
Growth (year on year)
Revenue growth	—	▼13.4%
Headcount growth	—	▲1.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£29.9k	£17k
Net assets	£1.9m	−£53.1k
Fixed assets	£776k	£692k
Current assets	£5.5m	£5.4m
Debtors	£1.3m	£1.1m
Deferred income	£220k	£447k
Cash from operations	£1.4m	£777k
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: −25.1%; Profit ÷ revenue.
Gross margin: 12%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £148k; Revenue ÷ average employees.
Profit per employee: −£37.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 5.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼103%; Now −£53.1k
Cash at bank: ▼43%; Now £17k
Headcount: ▲2%; Now 53
Deferred income: ▲103%; Now £447k
Fixed assets: ▼11%; Now £692k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Apr 2023 (profit −£2m), from the Companies House accounts bulk data published Aug 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.