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Bugspace Limited

10242087

active - proposal to strike off
Private Limited Company
Companies House
Health Score
N/A

Details

203 WEST STREET, FAREHAM, PO16 0EN
Incorporated 21/06/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Martin Terence-John Mudge

director · Since 21/06/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 7 other boards

Persons with Significant Control

Mr Martin Terence-John Mudge

Significant control

British · United Kingdom · Age 51

Midway House, Staverton Technology Park, Cheltenham, GL51 6TQ

Notified 21/06/2016

Bugspace Holdings Limited

75–100% shares

Harbour Key Ltd, Midway House, Cheltenham, GL51 6TQ

Reg: 11249421 · England And Wales · Private Company Limited By Shares

Notified 31/03/2018

Former PSCs

Bugfinders Limited

Ceased 31/03/2018

Charges4 outstanding

Charge
outstanding

HSBC BANK PLC

Created 17/01/2018Registered 22/01/2018
Charge
outstanding

HSBC BANK PLC

Created 17/01/2017Registered 18/01/2017
Charge
outstanding

HSBC BANK PLC

Created 17/01/2017Registered 18/01/2017
Charge
outstanding

HSBC BANK PLC

Created 05/08/2016Registered 11/08/2016

CompanyRankvs 135954+ SIC 68209 peers
37

Financial strength80th percentile among SIC peers · 20/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.12× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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135954Bugspace Limited
46
How is this score calculated?
Financial strength20/25 pts

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

Employees0/15 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.

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 31/03/2025

Net Worth

£126k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£317k

Working capital

Current Assets

£42k

Current Liabilities

£359k

Fixed Assets

£454k

Debtors

£42k

Balance Sheet

Assets less current liabilities£137k
Signed by Mr Martin Mudge 17/02/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.12-£13k
20240.49+£33k
20230.06+£4k
20220.02-£9k
20210.05-£88k
20200.16-£6k

Derived from filed accounts. Not audited figures.