How much does Progressive Systems Limited make?

Progressive Systems Limited reported revenue of £20.7m and £1.4m profit in the year to 30 Jun 2025, according to its accounts filed at Companies House.

How many employees does Progressive Systems Limited have?

Progressive Systems Limited reported an average of 55 employees in the year to 30 Jun 2025.

Is Progressive Systems Limited profitable?

Yes — Progressive Systems Limited reported a profit of £1.4m in the year to 30 Jun 2025.

Company No. 02032689 · Incorporated 30 Jun 1986

Progressive Systems Limited

Registered name: PROGRESSIVE SYSTEMS LIMITED

Part of Techumbre Limited group

Progressive Systems Limited made £20.7m revenue and £1.4m profit in the year to 30 Jun 2025.

Progressive Systems Limited’s revenue grew 8% to £20.7m in the year to 30 Jun 2025, with £1.4m profit and 55 employees. The company is classified under “roofing activities” and is based in Exeter; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43910Roofing activities

Status: Active
Location: Exeter, South West
Age: 40 yrs · since 1986
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: “Techumbre Limited”

Latest accounts · year to 30 Jun 2025

Key figures

Capital-lightOperating leverageDoing more with lessBoring industry

Revenue

£20.7m

Growth ▲7.8%

Profit

£1.4m

Growth ▲79.5%

Profit margin

6.9%

Gross 28.1%

Employees

Change ▼3.5%

Profit / employee

£26.1k

Revenue/employee £377k

Profitable streak

4yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jun 2022	30 Jun 2023	30 Jun 2024	30 Jun 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.4m	£17m	£19.2m	£20.7m
Cost of sales	£15.3m	£13m	£14.1m	£14.9m
Gross profit	£3m	£4m	£5.1m	£5.8m
Operating profit	£658k	£1.1m	£1.1m	£1.9m
Profit before tax	£621k	£1m	£1m	£1.9m
Profit after tax	£505k	£973k	£798k	£1.4m
Profit (best available)	£505k	£973k	£798k	£1.4m
Staff costs	£1.5m	£1.9m	£3.2m	£2.9m
Employees (average)	44	51	57	55
Ratios
Profit margin	2.8%	5.7%	4.2%	6.9%
Gross margin	16.5%	23.3%	26.6%	28.1%
Revenue per employee	£417k	£333k	£338k	£377k
Profit per employee	£11.5k	£19.1k	£14k	£26.1k
Growth (year on year)
Revenue growth	—	▼7.6%	▲13.5%	▲7.8%
Profit growth	—	▲92.7%	▼17.9%	▲79.5%
Headcount growth	—	▲15.9%	▲11.8%	▼3.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£1.3m	£1.4m	£2.2m
Net assets	£1.5m	£1.8m	£1.9m	£1.8m
Fixed assets	£374k	£384k	£318k	£663k
Current assets	£5.9m	£7.5m	£7.1m	£7.8m
Debtors	£1.3m	£1.4m	£1.8m	£1.8m
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 6.9%; Profit ÷ revenue.
Gross margin: 28.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £377k; Revenue ÷ average employees.
Profit per employee: £26.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.5%; 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: ▼6%; Now £1.8m
Cash at bank: ▲57%; Now £2.2m
Headcount: ▼4%; Now 55
Deferred income: —; Now —
Fixed assets: ▲108%; Now £663k

Corporate ownership

Group structure

Ownership chain

Techumbre Limitedultimate parent75–100%
Progressive Systems Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Progressive Holdings LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit £1.4m), from the Companies House accounts bulk data published Feb 2026. 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.