Morespace Conversions (N.E) Ltd
13418812
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Michael Johnson
British · England · Age 61
73, Fawdon Lane, Newcastle Upon Tyne, NE3 2RT
Notified 25/05/2021
CompanyRankvs 51602+ SIC 41202 peers35
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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
-£55k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£55k
Working capital
Current Assets
£6k
Current Liabilities
£61k
Fixed Assets
£250
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.10 | +£0 |
| 2025 | 0.10 | -£11k |
| 2024 | 0.17 | -£17k |
| 2022 | NaN | — |
Derived from filed accounts. Not audited figures.