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Systemspace Limited

03953246

active
ltd
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

24 Bridge Street, Newport, NP20 4SF
Incorporated 22/03/2000

Compliance

Last accounts

30/04/2025

total exemption full

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 13/03/2026

Due 27/03/2027

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

John Reginald Farrow

director · Since 06/04/2021

English · United Kingdom · Age 83

Former

Robert James Aurelius Gann

director · Resigned 12/01/2021

Elwyn James Blease

director · Resigned 07/01/2022

Persons with Significant Control

Mr John Reginald Farrow

25–50% shares
25–50% votes

English · United Kingdom · Age 83

24, Bridge Street, Newport, NP20 4SF

Notified 06/04/2016

Mr Elwyn James Blease (Deceased)

25–50% shares
25–50% votes

British · Wales · Age 88

24, Bridge Street, Newport, NP20 4SF

Notified 13/03/2017

Charges2 outstanding

charge
outstanding

MR JOHN FARROW AND MR ELWYN BLEASE

Created 29/11/2002Registered 07/12/2002
charge
outstanding

JOHN FARROW

Created 19/01/2001Registered 31/01/2001

Change History

status → active
2026-06-11

Active

type → ltd
2026-06-11

Private Limited Company

address line1 → 24 Bridge Street
2026-06-11

24 BRIDGE STREET

post town → Newport
2026-06-11

NEWPORT

CompanyRankvs 99509+ SIC 68209 peers
43

Financial strength0th percentile among SIC peers · 0/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 52.76× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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99509Systemspace Limited
53
How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/04/2026

Net Worth

-£947k

Balance sheet strength

Cash

£163k

Cash in the bank

Net Current Assets

£242k

Working capital

Current Assets

£247k

Current Liabilities

£5k

Debtors

£83k

0avg. employees

Tax at Year End

Corp tax£3k

Balance Sheet

Assets less current liabilities£692k
Prepared with Sage Accounts Production Advanced 2025 - FRS102_2025

EstimatesDerived

YearCurrent RatioImplied Profit
202652.76+£29k
2025166.36-£16k
202430.32-£227k
202325.18—

Derived from filed accounts. Not audited figures.