Progressive Energy Limited
Registered name: PROGRESSIVE ENERGY LIMITED
Part of Progressive Energy Holdings Limited groupProgressive Energy Limited made £3.1m revenue and £1.4m profit in the year to 30 Sep 2025.
Progressive Energy Limited’s revenue fell 50% to £3.1m in the year to 30 Sep 2025, with £1.4m profit and 36 employees. The company is classified under “manufacture of industrial gases” and is based in Stonehouse; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Stonehouse, South West
- Age
- 28 yrs · since 1998
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | £12.2m | £6.2m | £3.1m |
| Cost of sales | — | £8.5m | £2.4m | £752k |
| Gross profit | — | £3.8m | £3.8m | £2.3m |
| Operating profit | — | £1.4m | −£301k | £2m |
| Profit before tax | — | £1.5m | −£144k | £2.1m |
| Profit after tax | — | £1.3m | −£105k | £1.4m |
| Profit (best available) | — | £1.3m | −£105k | £1.4m |
| Staff costs | — | £2.6m | £3m | £3.1m |
| Employees (average) | 29 | 35 | 37 | 36 |
| Ratios | ||||
| Profit margin | — | 10.8% | −1.7% | 45.1% |
| Gross margin | — | 30.8% | 61.6% | 75.5% |
| Revenue per employee | — | £350k | £166k | £85.4k |
| Profit per employee | — | £37.9k | −£2.8k | £38.5k |
| Cash conversion | — | −143.8% | — | −145.5% |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼49.8% | ▼50% |
| Profit growth | — | — | ▼107.9% | — |
| Headcount growth | — | ▲20.7% | ▲5.7% | ▼2.7% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.1m | £1.6m | £456k | £168k |
| Net assets | — | £4.6m | £4.5m | £3.4m |
| Fixed assets | £928k | £975k | £1.1m | £1.2m |
| Current assets | £6.2m | £6.2m | £5.1m | £2.7m |
| Debtors | £1.8m | £1.6m | £1.2m | £119k |
| Deferred income | £952k | £583k | £755k | £171k |
| Cash from operations | — | −£2m | −£60.9k | −£2.9m |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2025 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 45.1%
- Profit ÷ revenue.
- Gross margin
- 75.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £85.4k
- Revenue ÷ average employees.
- Profit per employee
- £38.5k
- Profit ÷ average employees.
- Cash conversion
- −145.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 38.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 3.9%
- Money owed by customers. Low = customers pay quickly.
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
- ▼25%
- Now £3.4m
- Cash at bank
- ▼63%
- Now £168k
- Headcount
- ▼3%
- Now 36
- Deferred income
- ▼77%
- Now £171k
- Fixed assets
- ▲6%
- Now £1.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Progressive Energy Holdings Limitedultimate parent75–100%
- Progressive Energy Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Progressive Energy Northwest LimitedFigures not disclosed
Sister companies (2)
- Progressive Carbon Removals LtdFigures not disclosed
- Progressive Energy Resilience LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1.4m), from the Companies House accounts bulk data published Apr 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.