thirdspace ltd.
thirdspace ltd. Company Information
Company Number
04574934
Next Accounts
28 days late
Industry
Computer consultancy activities
Shareholders
hedges 1 limited
Group Structure
View All
Contact
Registered Address
waverley house 4th floor, 7-12 noel street, london, westminster, W1F 8GQ
Website
thirdspace.netthirdspace ltd. Estimated Valuation
Pomanda estimates the enterprise value of THIRDSPACE LTD. at £13.2m based on a Turnover of £13.5m and 0.98x industry multiple (adjusted for size and gross margin).
thirdspace ltd. Estimated Valuation
Pomanda estimates the enterprise value of THIRDSPACE LTD. at £22m based on an EBITDA of £3.2m and a 6.8x industry multiple (adjusted for size and gross margin).
thirdspace ltd. Estimated Valuation
Pomanda estimates the enterprise value of THIRDSPACE LTD. at £19.3m based on Net Assets of £8.4m and 2.29x industry multiple (adjusted for liquidity).
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Thirdspace Ltd. Overview
Thirdspace Ltd. is a live company located in london, W1F 8GQ with a Companies House number of 04574934. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in October 2002, it's largest shareholder is hedges 1 limited with a 100% stake. Thirdspace Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £13.5m with unknown growth in recent years.
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Thirdspace Ltd. Health Check
Pomanda's financial health check has awarded Thirdspace Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £13.5m, make it larger than the average company (£1.3m)
£13.5m - Thirdspace Ltd.
£1.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Thirdspace Ltd.
- - Industry AVG
Production
with a gross margin of 49.1%, this company has a comparable cost of product (47.4%)
49.1% - Thirdspace Ltd.
47.4% - Industry AVG
Profitability
an operating margin of 23.6% make it more profitable than the average company (6.9%)
23.6% - Thirdspace Ltd.
6.9% - Industry AVG
Employees
with 82 employees, this is above the industry average (13)
82 - Thirdspace Ltd.
13 - Industry AVG
Pay Structure
on an average salary of £96.6k, the company has a higher pay structure (£56.3k)
£96.6k - Thirdspace Ltd.
£56.3k - Industry AVG
Efficiency
resulting in sales per employee of £164.4k, this is more efficient (£126k)
£164.4k - Thirdspace Ltd.
£126k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is near the average (66 days)
76 days - Thirdspace Ltd.
66 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is close to average (31 days)
34 days - Thirdspace Ltd.
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Thirdspace Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (19 weeks)
4 weeks - Thirdspace Ltd.
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.9%, this is a lower level of debt than the average (57.7%)
33.9% - Thirdspace Ltd.
57.7% - Industry AVG
THIRDSPACE LTD. financials
Thirdspace Ltd.'s latest turnover from March 2023 is £13.5 million and the company has net assets of £8.4 million. According to their latest financial statements, Thirdspace Ltd. has 82 employees and maintains cash reserves of £330.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 13,477,833 | 12,081,681 | 11,077,073 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 6,855,976 | 6,259,976 | 6,324,170 | |||||||||||
| Gross Profit | 6,621,857 | 5,821,705 | 4,752,903 | |||||||||||
| Admin Expenses | 3,444,273 | 3,393,628 | 2,551,418 | |||||||||||
| Operating Profit | 3,177,584 | 2,428,077 | 2,201,485 | |||||||||||
| Interest Payable | 0 | 0 | 0 | |||||||||||
| Interest Receivable | 0 | 0 | 956 | |||||||||||
| Pre-Tax Profit | 3,177,584 | 2,428,077 | 2,202,441 | |||||||||||
| Tax | 12,176 | 3,420 | -382,039 | |||||||||||
| Profit After Tax | 3,189,760 | 2,431,497 | 1,820,402 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||||
| Retained Profit | 3,189,760 | 2,431,497 | 1,820,402 | |||||||||||
| Employee Costs | 7,919,467 | 5,772,061 | 5,625,754 | |||||||||||
| Number Of Employees | 82 | 80 | 69 | 59 | 58 | 55 | 49 | 41 | ||||||
| EBITDA* | 3,231,669 | 2,463,333 | 2,250,496 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 253,148 | 41,625 | 47,163 | 44,211 | 45,989 | 65,385 | 50,634 | 46,908 | 27,021 | 29,734 | 28,823 | 8,432 | 11,037 | 11,659 |
| Intangible Assets | 35,440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 364,458 | 1,213,539 | 977,114 | 712,042 | 696,522 |
| Total Fixed Assets | 288,588 | 41,625 | 47,163 | 44,211 | 45,989 | 65,385 | 50,634 | 46,908 | 27,021 | 394,192 | 1,242,362 | 985,546 | 723,079 | 708,181 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,869 | 38,267 | 15,159 |
| Trade Debtors | 2,820,545 | 2,187,201 | 1,277,651 | 1,792,367 | 1,406,349 | 1,639,316 | 840,319 | 1,037,505 | 1,103,993 | 2,172,409 | 896,737 | 543,536 | 461,192 | 283,910 |
| Group Debtors | 8,487,522 | 5,447,175 | 2,936,446 | 594,641 | 569,605 | 267,074 | 216,280 | 3,402 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 830,171 | 415,309 | 371,637 | 390,659 | 364,047 | 124,082 | 62,369 | 91,809 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 330,761 | 1,482,740 | 1,535,232 | 1,507,963 | 821,219 | 1,215,084 | 1,006,726 | 504,696 | 363,727 | 286,449 | 36,419 | 21,821 | 45,312 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,468,999 | 9,532,425 | 6,120,966 | 4,285,630 | 3,161,220 | 3,245,556 | 2,125,694 | 1,637,412 | 1,467,720 | 2,458,858 | 933,156 | 568,226 | 544,771 | 299,069 |
| total assets | 12,757,587 | 9,574,050 | 6,168,129 | 4,329,841 | 3,207,209 | 3,310,941 | 2,176,328 | 1,684,320 | 1,494,741 | 2,853,050 | 2,175,518 | 1,553,772 | 1,267,850 | 1,007,250 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 641,259 | 372,508 | 316,654 | 143,666 | 103,885 | 228,979 | 148,735 | 84,810 | 1,258,693 | 1,385,245 | 925,013 | 718,683 | 595,150 | 507,439 |
| Group/Directors Accounts | 0 | 419,921 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,606,383 | 3,534,598 | 3,031,977 | 3,191,832 | 2,232,768 | 2,342,733 | 1,580,405 | 1,278,302 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,247,642 | 4,327,027 | 3,348,631 | 3,335,498 | 2,336,653 | 2,571,712 | 1,729,140 | 1,363,112 | 1,258,693 | 1,385,245 | 925,013 | 718,683 | 595,150 | 507,439 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 77,690 | 4,528 | 8,500 | 3,747 | 3,747 | 10,888 | 10,888 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 77,690 | 4,528 | 8,500 | 3,747 | 3,747 | 10,888 | 10,888 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,325,332 | 4,331,555 | 3,357,131 | 3,339,245 | 2,340,400 | 2,582,600 | 1,740,028 | 1,363,112 | 1,258,693 | 1,385,245 | 925,013 | 718,683 | 595,150 | 507,439 |
| net assets | 8,432,255 | 5,242,495 | 2,810,998 | 990,596 | 866,809 | 728,341 | 436,300 | 321,208 | 236,048 | 1,467,805 | 1,250,505 | 835,089 | 672,700 | 499,811 |
| total shareholders funds | 8,432,255 | 5,242,495 | 2,810,998 | 990,596 | 866,809 | 728,341 | 436,300 | 321,208 | 236,048 | 1,467,805 | 1,250,505 | 835,089 | 672,700 | 499,811 |
| Mar 2023 | Mar 2022 | Mar 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Mar 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,177,584 | 2,428,077 | 2,201,485 | |||||||||||
| Depreciation | 54,085 | 35,256 | 49,011 | 37,071 | 36,665 | 44,629 | 32,584 | 15,983 | 26,921 | 17,544 | 11,775 | 7,147 | 8,622 | 13,127 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 12,176 | 3,420 | -382,039 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,869 | -35,398 | 23,108 | 15,159 |
| Debtors | 4,088,553 | 3,463,951 | 4,585,734 | 437,666 | 309,529 | 911,504 | -13,748 | 1,132,716 | 1,103,993 | 426,591 | 589,626 | 347,416 | 192,802 | 980,432 |
| Creditors | 268,751 | 55,854 | 316,654 | 39,781 | -125,094 | 80,244 | 63,925 | 84,810 | 1,258,693 | 460,232 | 206,330 | 123,533 | 87,711 | 507,439 |
| Accruals and Deferred Income | 71,785 | 502,621 | 3,031,977 | 959,064 | -109,965 | 762,328 | 302,103 | 1,278,302 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 73,162 | -3,972 | 8,500 | 0 | -7,141 | 0 | 10,888 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -431,010 | -442,695 | 639,854 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -419,921 | 419,921 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 956 | |||||||||||
| cash flow from financing | -419,921 | 419,921 | 991,552 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -1,151,979 | -52,492 | 1,535,232 | 686,744 | -393,865 | 208,358 | 502,030 | 504,696 | 363,727 | 250,030 | 14,598 | -23,491 | 45,312 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,151,979 | -52,492 | 1,535,232 | 686,744 | -393,865 | 208,358 | 502,030 | 504,696 | 363,727 | 250,030 | 14,598 | -23,491 | 45,312 | 0 |
thirdspace ltd. Credit Report and Business Information
Thirdspace Ltd. Competitor Analysis
Perform a competitor analysis for thirdspace ltd. by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in W1F area or any other competitors across 12 key performance metrics.
thirdspace ltd. Ownership
THIRDSPACE LTD. group structure
Thirdspace Ltd. has no subsidiary companies.
Ultimate parent company
2 parents
THIRDSPACE LTD.
04574934
thirdspace ltd. directors
Thirdspace Ltd. currently has 2 directors. The longest serving directors include Mr Georgios Georgiou (Mar 2021) and Mr Desmond Lekerman (Mar 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Georgios Georgiou | United Kingdom | 58 years | Mar 2021 | - | Director |
| Mr Desmond Lekerman | United Kingdom | 57 years | Mar 2021 | - | Director |
P&L
March 2023turnover
13.5m
+12%
operating profit
3.2m
+31%
gross margin
49.2%
+1.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
8.4m
+0.61%
total assets
12.8m
+0.33%
cash
330.8k
-0.78%
net assets
Total assets minus all liabilities
thirdspace ltd. company details
company number
04574934
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
October 2002
age
23
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
oxford computer group limited (October 2018)
highmoon properties limited (January 2003)
accountant
FORVIS MAZARS LLP
auditor
-
address
waverley house 4th floor, 7-12 noel street, london, westminster, W1F 8GQ
Bank
-
Legal Advisor
-
thirdspace ltd. Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 6 charges/mortgages relating to thirdspace ltd.. Currently there are 3 open charges and 3 have been satisfied in the past.
thirdspace ltd. Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for THIRDSPACE LTD.. This can take several minutes, an email will notify you when this has completed.
thirdspace ltd. Companies House Filings - See Documents
| date | description | view/download |
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