Utopia Limited, or The Flowers of Progress, is the second-to-last of Gilbert and Sullivan's fourteen collaborations, premiering on October 7, 1893. Gilbert's libretto satirises limited liability companies, and particularly the idea that a bankrupt company could leave creditors unpaid without any liability to its owners. It also lampoons the Stock Company Act by imagining the absurd convergence of natural persons and legal entities.

Utopia is performed much less frequently than most other Gilbert and Sullivan operas, mainly because the subject-matter and plot are too obscure for modern audiences.