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Groovespace Limited

02035357

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

RAINTREE HOUSE, HEREFORD, HR2 9BP
Incorporated 09/07/1986

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
68209
Other letting and operating of own or leased real estate

Officers

Mrs Flora May Turpin

secretary · Since 31/07/1991

BRITISH

Also on 1 other board

Mr Michael Richard Turpin

director · Since 31/07/1991

DIRECTOR

BRITISH · ENGLAND · Age 78

Mrs Flora May Turpin

director · Since 30/04/2024

ADMINISTRATOR

BRITISH · UNITED KINGDOM · Age 77

Also on 1 other board

Mr Stuart Michael Turpin

director · Since 10/06/2025

TEACHER

BRITISH · UNITED KINGDOM · Age 47

Mrs Sarah Elizabeth Littlewood

director · Since 15/06/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 44

Persons with Significant Control

Mr Michael Richard Turpin

25–50% shares
25–50% votes
Appoint directors
Significant control

British · England · Age 78

Raintree House, Allensmore, Hereford, HR2 9BP

Notified 09/07/2016

Charges0 outstanding

charge
satisfied

LLOYDS BANK PLC

Created 01/06/1999Registered 08/06/1999Satisfied 25/08/2022
charge
satisfied

LLOYDS BANK PLC

Created 17/02/1995Registered 24/02/1995Satisfied 26/08/2022
charge
satisfied

LLOYDS BANK PLC

Created 24/09/1986Registered 29/09/1986Satisfied 25/08/2022

CompanyRankvs 392+ SIC 45112 peers
87

Financial strength98th percentile among SIC peers · 25/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 287.52× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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392Groovespace Limited
87
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/06/2025

Net Worth

£1.8M

Balance sheet strength

Cash

£1.8M

Cash in the bank

Net Current Assets

£1.8M

Working capital

Current Assets

£1.8M

Current Liabilities

£6k

Fixed Assets

£53k

Debtors

£2

3avg. employees

Balance Sheet

Assets less current liabilities£1.8M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
2025287.52+£644k
2024107.91-£37k
2023513.20—

Derived from filed accounts. Not audited figures.