Newspace Containers Limited

Newspace Containers Ltd from Lydney, UK, is a large company, holding company, and is currently active. Established 24 years ago in 2000, it employs 157 people and holds assets valued at £13,517,488. The company has a real address, is managed by two directors, and is owned by one individual. Its Google rating stands at 3.0 based on six reviews. Newspace Containers regularly imports vehicles, parts, and accessories (excluding trains and trams), with recent activity recorded in November 2024. It exports furniture, lighting, and prefabricated buildings irregularly, with the last export operation in December 2023.

The company specializes in the manufacture of metal tanks, reservoirs, and containers, as well as providing business support services. Its website highlights a focus on secure, portable, and modular buildings, catering to sectors like retail, catering, and sports. Newspace offers both standard and custom solutions, emphasizing compliance with industry regulations and a commitment to wellbeing. The site showcases a range of products, including offices, canteens, toilets, and charging stations, and emphasizes a focus on design and quality.

Financially, Newspace Containers Ltd shows some concerning trends. Current assets have decreased by 8.5% to £14,000,000, while net assets have fallen 9.8% to £12,000,000. Bank borrowings have increased, and cash reserves have declined significantly by 70% to £380,000. Director remuneration has also decreased. The company meets the criteria for a large company, having met two of three conditions: turnover more than £36 million, balance sheet total more than £18 million, and employees more than 250. The company’s accounts are audited by Azets Audit Services.

The decline in cash reserves and net assets, despite a large turnover, suggests that Newspace Containers Ltd may be burning through cash faster than it’s generating revenue. This could be due to increased operating expenses, investments in new products, or challenges in collecting payments from customers. While the company’s focus on modular buildings and wellbeing solutions positions it well in a growing market, it will need to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 04099207, with a registered address at GL15 4EJ, Lydney, Glos, Units 30-31 Lydney Harbour Estate, Harbour Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.