How much does Progressive Technology Limited make?

Progressive Technology Limited reported revenue of £31.2m and £2.5m profit in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does Progressive Technology Limited have?

Progressive Technology Limited reported an average of 249 employees in the year to 30 Sep 2025.

Is Progressive Technology Limited profitable?

Yes — Progressive Technology Limited reported a profit of £2.5m in the year to 30 Sep 2025.

Company No. 07051006 · Incorporated 20 Oct 2009

Progressive Technology Limited

Registered name: PROGRESSIVE TECHNOLOGY LIMITED

Part of Progressive Group (Newbury) Ltd group

Progressive Technology Limited made £31.2m revenue and £2.5m profit in the year to 30 Sep 2025. read from filing text

Progressive Technology Limited’s revenue grew 11% to £31.2m in the year to 30 Sep 2025, with £2.5m profit and 249 employees. The company is classified under “machining” and is based in Newbury; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25620Machining SIC 29320Manufacture of other parts and accessories for motor vehicles SIC 71129Other engineering activities

Status: Active
Location: Newbury, South East
Age: 16 yrs · since 2009
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 immediate controlling party is the parent company Progressive Group (Newbury) Limited, a company registered in England and Wales, which owns the entire issued share capital of the company.”

Latest accounts · year to 30 Sep 2025

Key figures

Operating leverage

Revenue

£31.2m

Growth ▲11.4%

Profit

£2.5m

Growth ▲137.2%

Profit margin

Gross 45.9%

Employees

249

Change ▲8.3%

Profit / employee

£10k

Revenue/employee £125k

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 Sep 2022	30 Sep 2023	30 Sep 2024	30 Sep 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£22.3m	£22.5m	£28m	£31.2m
Cost of sales	£13.3m	£13.8m	£16.8m	£16.9m
Gross profit	£9m	£8.7m	£11.2m	£14.3m
Operating profit	£2.3m	£1.2m	£1.7m	£3.5m
Profit before tax	£2.1m	£939k	£1.3m	£3.1m
Profit after tax	£515k	£1m	£1m	£2.5m
Profit (best available)	£515k	£1m	£1m	£2.5m
Staff costs	£9.4m	£10.2m	£11.8m	£13.2m
Employees (average)	185	200	230	249
Ratios
Profit margin	2.3%	4.6%	3.8%	8%
Gross margin	40.2%	38.9%	40%	45.9%
Revenue per employee	£120k	£112k	£122k	£125k
Profit per employee	£2.8k	£5.2k	£4.6k	£10k
Growth (year on year)
Revenue growth	—	▲1.1%	▲24.3%	▲11.4%
Profit growth	—	▲102.8%	▲0.5%	▲137.2%
Headcount growth	—	▲8.1%	▲15%	▲8.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£848k	£1.4m	£170k	£161k
Net assets	£6.6m	£7.6m	£7.7m	£10.2m
Fixed assets	£12.4m	£14.2m	£16.5m	£18.4m
Current assets	£4.8m	£7.2m	£5.4m	£7.4m
Debtors	£2.5m	£3m	£3.2m	£4.5m
Deferred income	£116k	£31.2k	£36.2k	£42.8k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: 8%; Profit ÷ revenue.
Gross margin: 45.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £125k; Revenue ÷ average employees.
Profit per employee: £10k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 59.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.6%; 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: ▲32%; Now £10.2m
Cash at bank: ▼5%; Now £161k
Headcount: ▲8%; Now 249
Deferred income: ▲18%; Now £42.8k
Fixed assets: ▲11%; Now £18.4m

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

Corporate ownership

Group structure

Ownership chain

Progressive Group (Newbury) Ltdultimate parent75–100%
Progressive Technology Limitedthis company

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

Sister companies (2)

Brittex Engineering LimitedRev. — · Profit £327k
Progressive Technology Advanced Materials LimitedRev. — · Profit £1m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £2.5m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.

Updated from Companies House on 14 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.