PROGRESSIVE PATHWAYS LIMITED

🏛️Establishedactive
SC656155 · ltd · incorporated 2020-03-02
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
year to Mar 2025
Net worth
£-46.5k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £46,528
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£47k
↓ 41% YoY
Current Assets
£7k
↓ 84% YoY
Current Liabilities
-£47k-£28k-£10k£8k£26k£44kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£7.7k£43.9k
Current assets£6.8k£43.9k
Net assets£-46.5k£-33.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-01-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2021-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-03-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2020-03-02
    🏢
    Company incorporated
    As PROGRESSIVE PATHWAYS LIMITED
  9. 2020-03-02
    CORNWALLIS, Robert Stephen appointed
    director
  10. 2020-03-02
    COVIELLO, Tina Marie appointed
    director
  11. 2020-03-02
    FLANNAGAN, Laura Marie appointed
    director
  12. 2020-03-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Tina Marie Coviello
Individual · American · DOB 01/1958 · age 68
2550%
25–50%board control25-50% shares · 25-50% voting · board control02/03/2020
Mrs Laura Marie Flannagan
Individual · British · DOB 05/1985 · age 41
2550%
25–50%board control25-50% shares · 25-50% voting · board control02/03/2020
Mr Robert Stephen Cornwallis
Individual · British · DOB 11/1963 · age 63
2550%
25–50%board control25-50% shares · 25-50% voting · board control02/03/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2020-03-02
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Unit 1, 3 Cunningham Road
Springkerse Industrial Estate
Stirling
FK7 7SW
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (3 active · 0 resigned)

CORNWALLIS, Robert Stephen
director · ~63y · appointed 2020-03-02
View their other companies + combined net worth →
Active
COVIELLO, Tina Marie
director · ~68y · appointed 2020-03-02
View their other companies + combined net worth →
Active
FLANNAGAN, Laura Marie
director · ~41y · appointed 2020-03-02
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-03-05
incorporation-company
incorporation · NEWINC
2020-03-02