Forspace Ltd
07483398
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 22/08/2017
Persons with Significant Control
Mrs Soo Jong Park
South Korean · England · Age 61
190, Blagdon Road, New Malden, KT3 4AL
Notified 06/01/2017
Former PSCs
Mr Yong Jin Park
Ceased 22/08/2017
CompanyRankvs 42823+ SIC 41100 peers46
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
-£371k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£329k
Working capital
Current Assets
£10k
Current Liabilities
£341k
Fixed Assets
£4k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.03 | +£0 |
| 2025 | 0.03 | -£74k |
| 2024 | 0.01 | -£38k |
| 2023 | 0.11 | — |
Derived from filed accounts. Not audited figures.