Up Space Limited

Up Space Limited, based in Woodford Green, UK, is a small holding company with an active status. Established nine years ago in July 2015, it currently employs one person and holds assets totaling £3,563. The company operates from a virtual address, registered at 19-20 Bourne Court Southend Road, IG8 8HD, which is shared by 741 other companies, raising questions about its physical presence. It’s managed by one director and one owner, with a focus on licensed clubs industries. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with its last import operation occurring two months ago in September 2022.

The company's website, New Space Ltd, details a construction company specializing in loft conversions, extensions, bathrooms, and refurbishments in North and West London. They emphasize word-of-mouth referrals and high standards of workmanship, catering to both residential and commercial clients. The site showcases a portfolio of projects, highlighting expertise in creating extra space for family living and offering a full range of construction services, from initial consultation to final completion. New Space Ltd also boasts membership in the Federation of Master Builders, TrustMark status, and Gas Safe and NICEIC registered tradespeople, emphasizing their commitment to quality and safety.

Financially, Up Space Limited presents a concerning picture. Current assets have plummeted by a staggering 99%, dropping to just £3,563, while net assets have also declined significantly, falling 72% to -£39,000. Bank borrowings have increased, and cash reserves are extremely low. Creditors have also decreased, suggesting some improvement in debt management. The company’s small size (meeting two of three criteria for being a small company) helps with agility, but the dramatic decline in equity is a major red flag. As a small company, it’s exempt from an audit, so the figures are unaudited.

It's clear Up Space Limited is facing financial challenges, and the company’s future hinges on its ability to turn around these trends.

Registered in England/Wales under the registration number 09676707, with a registered address at IG8 8HD, United Kingdom, Woodford Green, Essex, 19-20 Bourne Court Southend Road.

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