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Local Space Brand Ltd

14901959

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

SUITE 6 SECOND FLOOR TANZARO HOUSE, MANCHESTER, M12 6FZ
Incorporated 30/05/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46160
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
46420
Wholesale of clothing and footwear
47710
Retail sale of clothing in specialised stores
74100
Specialised design activities

Officers

Mr Val Galbo

director · Since 30/05/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 28

Also on 1 other board

Persons with Significant Control

Mr Val Galbo

75–100% shares
75–100% votes
Appoint directors

British · England · Age 28

Suite 6, Second Floor Tanzaro House, Manchester, M12 6FZ

Notified 30/05/2023

CompanyRankvs 2015+ SIC 46160 peers
52

Financial strength81th percentile among SIC peers · 20/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.54× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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2015Local Space Brand Ltd
48
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.

Employees8/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity3/15 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 31/05/2024

Net Worth

£15k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£15k

Working capital

Current Assets

£18k

Current Liabilities

£34k

1avg. employees

Balance Sheet

Assets less current liabilities£15k
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20240.54

Derived from filed accounts. Not audited figures.