techspace luk ltd
techspace luk ltd Company Information
Company Number
10605612
Next Accounts
Dec 2025
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Shareholders
techspace property group ltd
Group Structure
View All
Contact
Registered Address
25 luke street, london, EC2A 4DS
Website
https://www.techspace.cotechspace luk ltd Estimated Valuation
Pomanda estimates the enterprise value of TECHSPACE LUK LTD at £6.6m based on a Turnover of £1.8m and 3.66x industry multiple (adjusted for size and gross margin).
techspace luk ltd Estimated Valuation
Pomanda estimates the enterprise value of TECHSPACE LUK LTD at £1.7m based on an EBITDA of £232.8k and a 7.23x industry multiple (adjusted for size and gross margin).
techspace luk ltd Estimated Valuation
Pomanda estimates the enterprise value of TECHSPACE LUK LTD at £0 based on Net Assets of £-2m and 1.71x industry multiple (adjusted for liquidity).
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Techspace Luk Ltd Overview
Techspace Luk Ltd is a live company located in london, EC2A 4DS with a Companies House number of 10605612. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2017, it's largest shareholder is techspace property group ltd with a 100% stake. Techspace Luk Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Techspace Luk Ltd Health Check
Pomanda's financial health check has awarded Techspace Luk Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.8m, make it larger than the average company (£917k)
- Techspace Luk Ltd
£917k - Industry AVG
Growth
3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (4.9%)
- Techspace Luk Ltd
4.9% - Industry AVG
Production
with a gross margin of 75.3%, this company has a comparable cost of product (75.3%)
- Techspace Luk Ltd
75.3% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (29.8%)
- Techspace Luk Ltd
29.8% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
4 - Techspace Luk Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Techspace Luk Ltd
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £448.8k, this is more efficient (£177.5k)
- Techspace Luk Ltd
£177.5k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (31 days)
- Techspace Luk Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 454 days, this is slower than average (38 days)
- Techspace Luk Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Techspace Luk Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - Techspace Luk Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 181.4%, this is a higher level of debt than the average (63.6%)
181.4% - Techspace Luk Ltd
63.6% - Industry AVG
TECHSPACE LUK LTD financials
Techspace Luk Ltd's latest turnover from March 2024 is estimated at £1.8 million and the company has net assets of -£2 million. According to their latest financial statements, Techspace Luk Ltd has 4 employees and maintains cash reserves of £183.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 4 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,130,270 | 1,374,954 | 1,529,773 | 1,771,364 | 2,061,568 | 1,590,627 | 1,262,380 | 298,409 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 483,940 | 483,940 | 379,087 | 274,234 | 595,364 | 618,150 | 0 | 642,260 |
| Total Fixed Assets | 1,614,210 | 1,858,894 | 1,908,860 | 2,045,598 | 2,656,932 | 2,208,777 | 1,262,380 | 940,669 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 222,898 | 34,802 | 0 | 1,037,828 | 519,470 | 0 | 0 | 0 |
| Group Debtors | 35 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 486,350 | 509,047 | 627,063 | 0 | 0 | 358,791 | 1,210,023 | 298,954 |
| Cash | 183,856 | 361,163 | 196,330 | 37,542 | 281,506 | 13,796 | 53,831 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 481,695 | 3,927 |
| total current assets | 893,139 | 905,012 | 823,393 | 1,075,370 | 800,976 | 372,587 | 1,745,549 | 302,881 |
| total assets | 2,507,349 | 2,763,906 | 2,732,253 | 3,120,968 | 3,457,908 | 2,581,364 | 3,007,929 | 1,243,550 |
| Bank overdraft | 3,474 | 3,474 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 551,170 | 451,037 | 608,980 | 694,222 | 241,884 | 122,592 | 393,483 | 71,523 |
| Group/Directors Accounts | 0 | 1,322,924 | 2,106,872 | 2,618,693 | 3,074,403 | 1,864,307 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,988,965 | 2,044,479 | 1,491,115 | 810,025 | 964,546 | 1,153,960 | 2,733,683 | 0 |
| total current liabilities | 2,543,609 | 3,821,914 | 4,206,967 | 4,122,940 | 4,280,833 | 3,140,859 | 3,127,166 | 71,523 |
| loans | 1,076,799 | 0 | 0 | 0 | 0 | 0 | 0 | 1,173,954 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 893,472 | 812,779 | 853,552 | 923,326 | 567,864 | 470,188 | 564,777 | 31,663 |
| provisions | 33,671 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,003,942 | 812,779 | 853,552 | 923,326 | 567,864 | 470,188 | 564,777 | 1,205,617 |
| total liabilities | 4,547,551 | 4,634,693 | 5,060,519 | 5,046,266 | 4,848,697 | 3,611,047 | 3,691,943 | 1,277,140 |
| net assets | -2,040,202 | -1,870,787 | -2,328,266 | -1,925,298 | -1,390,789 | -1,029,683 | -684,014 | -33,590 |
| total shareholders funds | -2,040,202 | -1,870,787 | -2,328,266 | -1,925,298 | -1,390,789 | -1,029,683 | -684,014 | -33,590 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 355,521 | 331,696 | 337,822 | 327,626 | 256,279 | 170,104 | 118,164 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 165,434 | 21,639 | -305,912 | 197,228 | 137,893 | -233,082 | 268,809 | 941,214 |
| Creditors | 100,133 | -157,943 | -85,242 | 452,338 | 119,292 | -270,891 | 321,960 | 71,523 |
| Accruals and Deferred Income | -55,514 | 553,364 | 681,090 | -154,521 | -189,414 | -1,579,723 | 2,733,683 | 0 |
| Deferred Taxes & Provisions | 33,671 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,322,924 | -783,948 | -511,821 | -455,710 | 1,210,096 | 1,864,307 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,076,799 | 0 | 0 | 0 | 0 | 0 | -1,173,954 | 1,173,954 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 80,693 | -40,773 | -69,774 | 355,462 | 97,676 | -94,589 | 533,114 | 31,663 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -177,307 | 164,833 | 158,788 | -243,964 | 267,710 | -40,035 | 53,831 | 0 |
| overdraft | 0 | 3,474 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -177,307 | 161,359 | 158,788 | -243,964 | 267,710 | -40,035 | 53,831 | 0 |
techspace luk ltd Credit Report and Business Information
Techspace Luk Ltd Competitor Analysis
Perform a competitor analysis for techspace luk ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
techspace luk ltd Ownership
TECHSPACE LUK LTD group structure
Techspace Luk Ltd has no subsidiary companies.
Ultimate parent company
TSCW INVESTING LP
#0166376
2 parents
TECHSPACE LUK LTD
10605612
techspace luk ltd directors
Techspace Luk Ltd currently has 4 directors. The longest serving directors include Mr Alexander Rabarts (Feb 2017) and Mr Robert Stevenson (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Rabarts | England | 44 years | Feb 2017 | - | Director |
| Mr Robert Stevenson | England | 40 years | Jun 2019 | - | Director |
| Mr Jonathan Bevan | 53 years | Jun 2020 | - | Director | |
| Mr Damien Ponweera | England | 35 years | Mar 2022 | - | Director |
P&L
March 2024turnover
1.8m
+190%
operating profit
-122.8k
0%
gross margin
75.4%
+0.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-2m
+0.09%
total assets
2.5m
-0.09%
cash
183.9k
-0.49%
net assets
Total assets minus all liabilities
techspace luk ltd company details
company number
10605612
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
MENZIES
auditor
-
address
25 luke street, london, EC2A 4DS
Bank
-
Legal Advisor
-
techspace luk 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 5 charges/mortgages relating to techspace luk ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
techspace luk 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 TECHSPACE LUK LTD. This can take several minutes, an email will notify you when this has completed.
techspace luk ltd Companies House Filings - See Documents
| date | description | view/download |
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