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Hyperspace Paignton Ltd

12958340

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

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

Details

13 TORBAY ROAD, PAIGNTON, TQ4 6AA
Incorporated 19/10/2020

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 18/10/2025

Due 01/11/2026

On track

Industry

56102
Unlicensed restaurants and cafes

Officers

Mr Michael David Morrison

director · Since 19/10/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 3 other boards

Persons with Significant Control

Mr Michael David Morrison

75–100% shares

British · United Kingdom · Age 62

13, Torbay Road, Paignton, TQ4 6AA

Notified 19/10/2020

CompanyRankvs 21244+ SIC 56102 peers
32

Financial strength8th percentile among SIC peers · 2/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength2/25 pts

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

Employees7/15 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.

Longevity6/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2025

Net Worth

-£54k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£71k

Working capital

Current Assets

£4k

Current Liabilities

£75k

Fixed Assets

£17k

3avg. employees

Balance Sheet

Assets less current liabilities-£54k
Prepared with v2026.28.1 micro_entity_frs_105_v1_1_3 filing

EstimatesDerived

YearCurrent RatioImplied Profit
20250.05-£100k
20240.09+£29k
20230.15—

Derived from filed accounts. Not audited figures.