Newspace Systems Limited
09899909
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 15/02/2026
Due 01/03/2027
Industry
Officers
director · Since 03/12/2015
DIRECTOR
BRITISH · UNITED KINGDOM · Age 62
Persons with Significant Control
Former PSCs
Newspace Systems (Pty) Ltd
Ceased 11/01/2019
CompanyRankvs 24517+ SIC 74100 peers29
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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.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
obliged to provide this support, and given the absence of committed funding, a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director i
Key FinancialsYear ending 31/12/2024
Net Worth
-£137k
Balance sheet strength
Cash
£10k
Cash in the bank
Profit Before Tax
-£108k
Bottom line earnings
Net Current Assets
-£117k
Working capital
Current Assets
£17k
Current Liabilities
£133k
Fixed Assets
£9k
Debtors
£7k
Cost of Sales
£153k
Admin Expenses
£136k
Profit After Tax
-£120k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.12 | -£120k |
| 2024 | 1.45 | -£5k |
| 2023 | 1.87 | -£33k |
| 2022 | 1.56 | -£6k |
| 2021 | 1.66 | — |
| 2019 | 1.10 | — |
| 2018 | 2.29 | — |
Derived from filed accounts. Not audited figures.