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My New Space Ltd

09878907

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 4 outstanding charges (-8)

Details

5 JARDINE HOUSE HARROVIAN BUSINESS VILLAGE, HARROW, HA1 3EX
Incorporated 18/11/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Nishit Kumar Patel

director · Since 18/11/2015

DENTIST

BRITISH · UNITED KINGDOM · Age 57

Also on 1 other board

Mrs Sheetal Patel

director · Since 18/11/2015

ARCHITECT

BRITISH · ENGLAND · Age 57

Persons with Significant Control

Mr Nishit Kumar Patel

75–100% shares
75–100% votes

British · United Kingdom · Age 57

Station House, North Street, Havant, PO9 1QU

Notified 06/04/2016

Mrs Sheetal Patel

75–100% shares
75–100% votes

British · England · Age 57

Station House, North Street, Havant, PO9 1QU

Notified 06/04/2016

Charges4 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 06/12/2024Registered 09/12/2024
Charge
outstanding

ONESAVINGS BANK PLC

Created 12/02/2020Registered 12/02/2020
Charge
outstanding

ONESAVINGS BANK PLC

Created 29/11/2016Registered 06/12/2016
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 18/03/2016Registered 21/03/2016

CompanyRankvs 214070+ SIC 68209 peers
26

Financial strength20th percentile among SIC peers · 5/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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214070My New Space Ltd
35
How is this score calculated?
Financial strength5/25 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.

Liquidity2/20 pts

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

Longevity11/15 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 30/11/2024

Net Worth

-£2k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£273k

Working capital

Current Assets

£8k

Current Liabilities

£280k

Fixed Assets

£1.0M

Debtors

£4k

0avg. employees

Balance Sheet

Bank loans & overdrafts£713k
Assets less current liabilities£733k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.03+£18k
20230.02+£4k
20220.01+£51k
20210.02+£70k
20200.02-£15k
20190.01-£3k

Derived from filed accounts. Not audited figures.