Sound Progression Ltd
Registered name: SOUND PROGRESSION LTD
Sound Progression Ltd made £163k revenue and £23.6k profit in the year to 31 Mar 2025.
Sound Progression Ltd’s revenue fell 20% to £163k in the year to 31 Mar 2025, with £23.6k profit and 12 employees. The company is classified under “support activities to performing arts” and is based in Cardiff; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 7 yrs · since 2019
- Type
- PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £203k | £163k |
| Profit after tax | — | — | −£13.8k | £23.6k |
| Profit (best available) | — | — | −£13.8k | £23.6k |
| Staff costs | — | — | £151k | £118k |
| Employees (average) | 9 | 9 | 10 | 12 |
| Ratios | ||||
| Profit margin | — | — | −6.8% | 14.5% |
| Revenue per employee | — | — | £20.3k | £13.6k |
| Profit per employee | — | — | −£1.4k | £2k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼19.9% |
| Headcount growth | — | 0% | ▲11.1% | ▲20% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | £8.4k | £18.2k | £14.4k | £15.2k |
| Fixed assets | £0 | £0 | £0 | £0 |
| Current assets | £139k | £161k | £203k | £63.7k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 14.5%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £13.6k
- Revenue ÷ average employees.
- Profit per employee
- £2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- 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
- ▲5%
- Now £15.2k
- Cash at bank
- —
- Now —
- Headcount
- ▲20%
- Now 12
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £0
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £23.6k), from the Companies House accounts bulk data published Jan 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.