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Spaces Newington Butts Limited

10045695

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 07/03/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Naveed-Us-Zafar Bhunnoo

director · Since 01/06/2021

ENTREPRENEUR

BRITISH · ENGLAND · Age 41

Also on 12 other boards

Mr Shehzad Khaldoun Bhunnoo

director · Since 01/06/2021

ENTREPRENEUR

BRITISH · UNITED KINGDOM · Age 42

Also on 20 other boards

Persons with Significant Control

Spaces Nb Investors Limited

75–100% votes
Appoint directors

124, City Road, London, EC1V 2NX

Reg: 10092985 · Companies House · Private Limited Company

Notified 19/08/2020

Collective Property Gamma Ltd

75–100% shares

5, Collective Property We Work, London, W2 1AY

Reg: 13579698 · Companies House · Private Limited Company

Notified 14/04/2026

Former PSCs

Spaces Nb Investors Limited

Ceased 19/08/2020

Charges1 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED

Created 20/12/2017Registered 21/12/2017
Charge
satisfied

WEST ONE LOAN LIMITED

Created 18/05/2017Registered 01/06/2017Satisfied 09/01/2018
Charge
satisfied

WEST ONE LOAN LIMITED

Created 18/05/2017Registered 31/05/2017Satisfied 09/01/2018
Charge
satisfied

AURA FINANCE LIMITED

Created 11/11/2016Registered 24/11/2016Satisfied 13/12/2017
Charge
satisfied

AURA FINANCE LIMITED

Created 11/11/2016Registered 24/11/2016Satisfied 13/12/2017
Charge
satisfied

AURA FINANCE LIMITED

Created 12/05/2016Registered 16/05/2016Satisfied 20/12/2016
Charge
satisfied

AURA FINANCE LIMITED

Created 12/05/2016Registered 16/05/2016Satisfied 20/12/2016

CompanyRankvs 101482+ SIC 68100 peers
33

Financial strength1th percentile among SIC peers · 0/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.78× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees12/15 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.

Longevity10/15 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

-£342k

Balance sheet strength

Cash

£46k

Cash in the bank

Net Current Assets

-£316k

Working capital

Current Assets

£1.1M

Current Liabilities

£1.4M

Debtors

£1k

2avg. employees

Balance Sheet

Bank loans & overdrafts£26k
Assets less current liabilities-£316k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.78-£65k
20230.82-£53k
20220.86-£1k
20210.86-£18k

Derived from filed accounts. Not audited figures.