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Spaces Property Group Limited

05813789

active
Private Limited Company
england wales
Companies House
Health Score
62 / 100

Some Concerns

30/30
Filing
0/30
Financial
32/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 11/05/2006

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/07/2025

Due 14/08/2026

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Shehzad Khaldoun Bhunnoo

director · Since 11/05/2006

SELF EMPLOYED

BRITISH · UNITED KINGDOM · Age 42

Also on 21 other boards

Mr Shehzad Khaldoun Bhunnoo

secretary · Since 09/10/2010

Also on 21 other boards

Persons with Significant Control

Mr Shehzad Khaldoun Bhunnoo

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 42

124, City Road, London, EC1V 2NX

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

MOFIZ UDDIN BHUNNOO · BIBI MOONEZA BHUNNOO

Created 24/03/2020Registered 30/03/2020
Charge
outstanding

FUNDING CIRCLE TRUSTEE LIMITED AS SECURITY AGENT FOR THE VARIOUS LENDERS

Created 08/10/2015Registered 14/10/2015
Charge
outstanding

ONESAVINGS BANK PLC

Created 25/09/2015Registered 07/10/2015
Charge
outstanding

ONESAVINGS BANK PLC

Created 25/09/2015Registered 29/09/2015
charge
satisfied

MORTGAGE EXPRESS

Created 29/06/2007Registered 09/07/2007Satisfied 29/10/2015
charge
satisfied

MORTGAGE EXPRESS

Created 30/03/2007Registered 03/04/2007Satisfied 29/10/2015
charge
satisfied

MORTGAGE EXPRESS

Created 12/01/2007Registered 17/01/2007Satisfied 23/03/2017

CompanyRankvs 153945+ SIC 68209 peers
37

Financial strength7th percentile among SIC peers · 2/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.57× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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153945Spaces Property Group Limited
43
How is this score calculated?
Financial strength2/25 pts

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

Employees9/15 pts

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

Liquidity6/20 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 31/12/2024

Net Worth

-£34k

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

-£201k

Working capital

Current Assets

£266k

Current Liabilities

£467k

Fixed Assets

£1.6M

Debtors

£242k

1avg. employees

Balance Sheet

Bank loans & overdrafts£1.3M
Assets less current liabilities£1.4M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.57-£75k
20230.69-£364k
20221.09-£100k
2021—-£3k
2020—-£194k

Derived from filed accounts. Not audited figures.