Progeny Asset Management Limited
Registered name: PROGENY ASSET MANAGEMENT LIMITED
Part of Progeny Holdings Limited groupProgeny Asset Management Limited made £11m revenue and £4.1m profit in the year to 31 Dec 2025.
Progeny Asset Management Limited’s revenue fell 1% to £11m in the year to 31 Dec 2025, with £4.1m profit. The company is classified under “financial management” and is based in Leeds; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Leeds, Yorkshire and The Humber
- Age
- 11 yrs · since 2015
- 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: “Progeny Group Ltd”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £2.8m | £3.9m | £6.5m | £11m | £11m |
| Gross profit | £2.8m | £3.9m | — | — | — |
| Operating profit | £837k | £397k | £2.1m | £5.6m | £5.4m |
| Profit before tax | £837k | £397k | £2.1m | £5.6m | £5.4m |
| Profit after tax | £837k | £397k | £2.1m | £4.2m | £4.1m |
| Profit (best available) | £837k | £397k | £2.1m | £4.2m | £4.1m |
| Staff costs | £659k | £847k | — | — | — |
| Employees (average) | 16 | 16 | — | — | — |
| Ratios | |||||
| Profit margin | 30.1% | 10.1% | 32.5% | 38.3% | 37.1% |
| Gross margin | 100% | 100% | — | — | — |
| Revenue per employee | £174k | £246k | — | — | — |
| Profit per employee | £52.3k | £24.8k | — | — | — |
| Growth (year on year) | |||||
| Revenue growth | — | ▲41.5% | ▲65.3% | ▲70% | ▼0.7% |
| Profit growth | — | ▼52.6% | ▲431.7% | ▲100% | ▼3.8% |
| Headcount growth | — | 0% | — | — | — |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £256k | £130k | — | — | — |
| Net assets | £1m | £1.4m | — | — | — |
| Fixed assets | £5.1k | £5.5k | — | — | — |
| Current assets | £1.8m | £2.3m | — | — | — |
| Debtors | −£41 | £173k | — | — | — |
| Deferred income | £530k | £582k | — | — | — |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data May 2026 |
How the business works
- Profit margin
- 37.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Progeny Holdings Limitedultimate parent75–100%
- The Progeny Group Limited75–100%
- Progeny Asset Management Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (13)
- Affinity Ifa LimitedFigures not disclosed
- Balmoral Asset Management LimitedRev. — · Profit −£84.5k
- Carbon Financial Holdings LimitedFigures not disclosed
- Chartered Wealth Management LimitedFigures not disclosed
- CWM Investment Management LimitedFigures not disclosed
- Fiscal Engineers LimitedFigures not disclosed
- Fry Wealth LimitedRev. — · Profit £489k
- Gibbs Denley Holdings LimitedFigures not disclosed
- Gibbs Denley Investment Management LimitedFigures not disclosed
- Lawsco Holdings LimitedFigures not disclosed
- Progeny International LimitedFigures not disclosed
- Progeny Law and Tax LimitedFigures not disclosed
- Russell Ulyatt Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £4.1m), from the Companies House accounts bulk data published May 2026. Spotted an error? Request a correction.
Updated from Companies House on 16 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.