Space Formation Ltd
11986209
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/05/2025
micro entity
Next accounts due
28/02/2027
Confirmation statement
Last: 27/01/2026
Due 10/02/2027
Industry
Officers
director · Since 25/10/2021
DIRECTOR
ALBANIAN · ENGLAND · Age 43
Also on 1 other board
Former
director · Resigned 23/01/2020
director · Resigned 25/10/2021
Persons with Significant Control
Mr Maringlen Dreni
Albanian · England · Age 43
43, Devonshire Road, London, NW7 1NE
Notified 25/10/2021
Former PSCs
Mr Gent Sadiku
Ceased 23/01/2020
Ms Nertila Semanaj
Ceased 25/10/2021
Change History
Active
Private Limited Company
43 DEVONSHIRE ROAD
LONDON
CompanyRankvs 19192+ SIC 43390 peers57
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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 31/05/2025
Net Worth
£42k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£23k
Working capital
Current Assets
£157k
Current Liabilities
£185k
Fixed Assets
£67k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.85 | +£0 |
| 2025 | 0.85 | -£28k |
| 2024 | 1.04 | +£45k |
| 2023 | 1.08 | -£13k |
| 2022 | 1.89 | +£51k |
| 2021 | 3.93 | — |
Derived from filed accounts. Not audited figures.