PROGRESS SOFTWARE LIMITED
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Cash
£6.2m
-12.1% vs 2024
Net assets
£13m
-63% lowest in 3 filed years
Employees
53
0% vs 2024
Profit before tax
£1.1m
-20.3% vs 2024
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2023-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £25,151,000 | £28,903,000 | £30,174,000 | +4.4% | |
| Operating profit | £425,000 | £746,000 | £531,000 | -28.8% | |
| Profit before tax | £1,132,000 | £1,433,000 | £1,142,000 | -20.3% | |
| Net profit | £901,000 | £1,308,000 | £883,000 | -32.5% | |
| Cash | £837,000 | £7,092,000 | £6,237,000 | -12.1% | |
| Total assets less current liabilities | £32,501,000 | £34,467,000 | £12,765,000 | -63% | |
| Net assets | £32,373,000 | £34,467,000 | £12,765,000 | -63% | |
| Equity | £32,373,000 | £34,467,000 | £12,765,000 | -63% | |
| Average employees | 44 | 53 | 53 | 0% | |
| Wages | £5,461,000 | £7,920,000 | £7,182,000 | -9.3% | |
| Directors' remuneration | — | £0 | £0 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|
| Operating margin | 1.7% | 2.6% | 1.8% | |
| Net margin | 3.6% | 4.5% | 2.9% | |
| Return on capital employed | 1.3% | 2.2% | 4.2% | |
| Gearing (liabilities / total assets) | — | 29.8% | 50.6% | |
| Current ratio | 2.81x | 2.33x | 1.93x | |
| Interest cover | 18.48x | — | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PROGRESS SOFTWARE LIMITED 1988-08-05 → present
- TGP 46 LIMITED 1988-04-14 → 1988-08-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared using the going concern basis of accounting as the directors are of the view that there is reasonable expectation that the Company has adequate resources to continue as an operational business for the foreseeable future.”
Group structure
- PROGRESS SOFTWARE LIMITED · parent
- Progress Software Corporation of Canada Ltd
- Progress Software International, LLC
- Progress Software Germany GmbH
- Progress Software Gesellschaft mbH
- Progress Software Technologies Limited
- MarkLogic (UK) Limited
- Progress Software do Brasil Ltda
- Progress Software Pty. Ltd.
Significant events
- “In February 2026, the Company entered into a novation agreement relating to the transfer of certain intercompany balances and obligations between entities under common control within the Progress group. The novation was undertaken as part of an internal group reorganisation and has been assessed as a non-adjusting post balance sheet event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOCOCO, Domenic | Director | 2020-05-01 | Feb 1970 | American |
| POLLAK, Charles | Director | 2024-10-01 | May 1970 | American |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BEARDMORE, Heather Patricia | Secretary | 2003-04-17 | 2004-07-01 |
| BLANCHARD, Paul Robert | Secretary | 2004-07-01 | 2006-08-18 |
| BUSH, James Edwin | Secretary | — | 1994-06-27 |
| DREW, Jane | Secretary | 1994-06-27 | 2003-04-16 |
| FABERMAN, Stephen Howard | Secretary | 2008-11-24 | 2022-07-14 |
| FABERMAN, Stephen Howard | Secretary | 2008-11-24 | 2014-10-28 |
| PONGENNARI, Janet Lesley | Secretary | 2006-08-19 | 2008-10-31 |
| ANDERSEN, Chris Bengt | Director | 2011-10-17 | 2012-10-19 |
| BENTON, David, Mr. | Director | 2011-07-18 | 2011-10-14 |
| BUSH, James Edwin | Director | — | 1996-04-24 |
| CAMPBELL, Karl Robert | Director | 2007-05-15 | 2009-01-01 |
| FABERMAN, Stephen Howard, Mr. | Director | 2012-10-19 | 2022-07-14 |
| FLANAGAN, Brian, Mr. | Director | 2011-07-18 | 2020-05-01 |
| GILLILAND, Mark William | Director | 2004-07-01 | 2007-09-18 |
| IRELAND, David George | Director | 1999-12-01 | 2011-06-28 |
| JOHNSON, Cary Lee | Director | — | 1996-06-22 |
| MCILROY, Francis Christopher | Director | 2001-12-01 | 2004-07-01 |
| ROBERTON, Norman Roy | Director | 2008-12-31 | 2011-03-09 |
| VESTY, David P | Director | — | 1999-11-30 |
| WANG, Yufan Stephanie | Director | 2022-07-14 | 2024-10-01 |
| WRIGHT, Justin Paul | Director | 1996-07-19 | 2001-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stephen Howard Faberman | Individual | Significant influence | 2016-04-06 | Ceased 2022-07-14 |
Filing timeline
Last 20 of 174 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-06 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | TM01 | officers | Termination director company | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2023-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-15 | AA | accounts | Accounts with accounts type full | |
| 2022-07-18 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-07-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-18 | CH01 | officers | Change person director company with change date | |
| 2022-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.