Space Workplace Limited

Space Workplace Limited, based in London, UK, is a small, family-run business with an active status, having been founded 24 years ago in June 2000. The company employs nine people and holds £1,953,764 in assets. It operates from a virtual address – with 1689 other companies registered at the same location – and is overseen by six directors and two owners. Google users rate it a perfect 5.0 based on a single review. Space Workplace Limited is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of June 2022.

The company’s website, while not detailed, indicates it operates within the building completion and finishing industries. It’s a small company, meeting two of three criteria for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The company's LinkedIn profile highlights its focus on providing workspace solutions, including furniture and office design services.

Financially, Space Workplace Limited presents a mixed picture. Cash bank on hand has significantly dropped by 57% to £290,000. Trade debtors have increased substantially, by 86%, reaching £1,700,000, which could indicate a growing customer base but also potential payment delays. Creditors have also risen by 25%, to £1,500,000. While net assets have increased by 27% to £540,000, the increase in liabilities suggests the company is relying more on borrowing. Bank borrowings have remained stable, at £10,000. The company is exempt from an audit, so the figures are unaudited.

Overall, Space Workplace Limited appears to be growing, but it’s also facing increased financial pressures. The rise in debtors and creditors suggests a need to manage cash flow carefully. The company’s family ownership and small size may provide agility, but the need for increased borrowing could be a concern.

Registered in England/Wales under the registration number 04008485, with a registered address at E1W 9US, United Kingdom, London, 2 Leman Street.

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