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Bare Space Property Ltd

12321155

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

1 GEORGE BANK, SWANSEA, SA3 4EQ
Incorporated 19/11/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Philip Richard David Allen

director · Since 19/11/2019

DIRECTOR

BRITISH · ENGLAND · Age 33

Also on 2 other boards

Mrs Sarah Jayne Allen

director · Since 19/11/2019

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 2 other boards

Persons with Significant Control

Mr Philip Richard David Allen

25–50% shares
25–50% votes
Appoint directors

British · England · Age 33

1, George Bank, Swansea, SA3 4EQ

Notified 19/11/2019

Mrs Sarah Jayne Allen

25–50% shares
25–50% votes
Appoint directors

British · England · Age 43

1, George Bank, Swansea, SA3 4EQ

Notified 19/11/2019

Charges2 outstanding

Charge
outstanding

THE COUNCIL OF THE CITY AND COUNTY OF SWANSEA

Created 29/08/2023Registered 13/09/2023
Charge
outstanding

PARATUS AMC LIMITED

Created 05/03/2020Registered 05/03/2020

CompanyRankvs 185547+ SIC 68100 peers
14

Financial strength1th percentile among SIC peers · 0/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.18× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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185547Bare Space Property Ltd
23
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.

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.

Longevity7/15 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 31/03/2026

Net Worth

-£306k

Balance sheet strength

Cash

£95

Cash in the bank

Net Current Assets

-£853k

Working capital

Current Assets

£190k

Current Liabilities

£1.0M

Fixed Assets

£547k

Debtors

£190k

Tax at Year End(2022)

Corp tax£3k

Director Loans

Company owes directors£627k

Balance Sheet

Assets less current liabilities-£306k
Signed by Mr Philip Allen 01/04/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20260.18+£24k
20250.12+£23k
20240.03-£344k
20230.03-£20k
20220.08+£18k
20210.05—

Derived from filed accounts. Not audited figures.