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Whitespace Developments Limited

05396762

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

AMELIA HOUSE, WORTHING, BN11 1QR
Incorporated 17/03/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Tom Ghibaldan

director · Since 17/03/2005

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 2 other boards

Persons with Significant Control

Mr Tom Ghibaldan

75–100% shares
75–100% votes

British · United Kingdom · Age 53

Amelia House, Crescent Road, Worthing, BN11 1QR

Notified 18/03/2018

Former PSCs

Mrs Samantha Rachel Ghibaldan

Ceased 18/03/2018

Charges2 outstanding

charge
outstanding

MORTGAGE TRUST

Created 27/04/2007Registered 16/05/2007
charge
outstanding

MORTGAGE EXPRESS

Created 22/11/2005Registered 26/11/2005

CompanyRankvs 20074+ SIC 68209 peers
55

Financial strength88th percentile among SIC peers · 22/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 2.3× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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20074Whitespace Developments Limited
75
How is this score calculated?
Financial strength22/25 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

Based on these assessments and having regard to the resources available to the entity, the director ha s concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements. 1.3 Turnover Turnover is recognised at the fair value of the consideration received or receivable for rents and services pr

Key FinancialsYear ending 31/03/2025

Net Worth

£420k

Balance sheet strength

Cash

£30k

Cash in the bank

Net Current Assets

£18k

Working capital

Current Assets

£31k

Current Liabilities

£14k

Fixed Assets

£550k

Debtors

£1k

0avg. employees

Balance Sheet

Assets less current liabilities£568k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20252.30-£4k
20242.66+£21k
20237.80+£21k
20227.67+£9k
20214.14+£15k
20204.30+£12k
20191.72—

Derived from filed accounts. Not audited figures.