1spaceprojects limited
1spaceprojects limited Company Information
Company Number
10662524
Next Accounts
Dec 2025
Shareholders
david western
karen reed
Group Structure
View All
Industry
Plumbing, heat and air-conditioning installation
Registered Address
42 maltlands, weston-super-mare, BS22 8NZ
Website
1spaceprojects.com1spaceprojects limited Estimated Valuation
Pomanda estimates the enterprise value of 1SPACEPROJECTS LIMITED at £66.3k based on a Turnover of £83.2k and 0.8x industry multiple (adjusted for size and gross margin).
1spaceprojects limited Estimated Valuation
Pomanda estimates the enterprise value of 1SPACEPROJECTS LIMITED at £49.4k based on an EBITDA of £7.3k and a 6.74x industry multiple (adjusted for size and gross margin).
1spaceprojects limited Estimated Valuation
Pomanda estimates the enterprise value of 1SPACEPROJECTS LIMITED at £9.1k based on Net Assets of £3.2k and 2.83x industry multiple (adjusted for liquidity).
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1spaceprojects Limited Overview
1spaceprojects Limited is a live company located in weston-super-mare, BS22 8NZ with a Companies House number of 10662524. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in March 2017, it's largest shareholder is david western with a 75% stake. 1spaceprojects Limited is a young, micro sized company, Pomanda has estimated its turnover at £83.2k with declining growth in recent years.
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1spaceprojects Limited Health Check
Pomanda's financial health check has awarded 1Spaceprojects Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £83.2k, make it smaller than the average company (£383.9k)
£83.2k - 1spaceprojects Limited
£383.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (11.5%)
- 1spaceprojects Limited
11.5% - Industry AVG
Production
with a gross margin of 64.7%, this company has a lower cost of product (29.1%)
64.7% - 1spaceprojects Limited
29.1% - Industry AVG
Profitability
an operating margin of 8.6% make it more profitable than the average company (5.7%)
8.6% - 1spaceprojects Limited
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - 1spaceprojects Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has an equivalent pay structure (£32.8k)
- 1spaceprojects Limited
£32.8k - Industry AVG
Efficiency
resulting in sales per employee of £41.6k, this is less efficient (£115.2k)
£41.6k - 1spaceprojects Limited
£115.2k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (52 days)
14 days - 1spaceprojects Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (46 days)
1 days - 1spaceprojects Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 1spaceprojects Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is average cash available to meet short term requirements (20 weeks)
23 weeks - 1spaceprojects Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.6%, this is a higher level of debt than the average (63.4%)
86.6% - 1spaceprojects Limited
63.4% - Industry AVG
1SPACEPROJECTS LIMITED financials
1Spaceprojects Limited's latest turnover from March 2024 is £83.2 thousand and the company has net assets of £3.2 thousand. According to their latest financial statements, 1Spaceprojects Limited has 2 employees and maintains cash reserves of £6.7 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 83,205 | ||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | 29,358 | ||||||
| Gross Profit | 53,847 | ||||||
| Admin Expenses | 46,727 | ||||||
| Operating Profit | 7,120 | ||||||
| Interest Payable | 182 | ||||||
| Interest Receivable | 25 | ||||||
| Pre-Tax Profit | 6,963 | ||||||
| Tax | -439 | ||||||
| Profit After Tax | 6,524 | ||||||
| Dividends Paid | |||||||
| Retained Profit | 6,524 | ||||||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 1 | ||
| EBITDA* | 7,335 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 723 | 555 | 581 | 3,950 | 7,383 | 11,314 | 2,570 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 723 | 555 | 581 | 3,950 | 7,383 | 11,314 | 2,570 |
| Stock & work in progress | |||||||
| Trade Debtors | 3,253 | 44,927 | 85,480 | 28,195 | 4,511 | 1,821 | 1,640 |
| Group Debtors | |||||||
| Misc Debtors | 13,276 | 937 | 2,244 | ||||
| Cash | 6,661 | 16,334 | 5,636 | 10,676 | |||
| misc current assets | |||||||
| total current assets | 23,190 | 44,927 | 85,480 | 28,195 | 20,845 | 8,394 | 14,560 |
| total assets | 23,913 | 45,482 | 86,061 | 32,145 | 28,228 | 19,708 | 17,130 |
| Bank overdraft | 2,348 | 5,032 | |||||
| Bank loan | |||||||
| Trade Creditors | 89 | 30,341 | 40,231 | 7,371 | 245 | 1,978 | 2,588 |
| Group/Directors Accounts | 5,763 | 13,164 | |||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 14,759 | 17,969 | 3 | 1,660 | |||
| total current liabilities | 14,848 | 30,341 | 40,231 | 7,371 | 20,562 | 12,776 | 17,412 |
| loans | 5,850 | 7,102 | 9,212 | ||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 8,450 | 19,867 | 8,942 | ||||
| provisions | |||||||
| total long term liabilities | 5,850 | 8,450 | 19,867 | 8,942 | 7,102 | 9,212 | |
| total liabilities | 20,698 | 38,791 | 60,098 | 16,313 | 27,664 | 21,988 | 17,412 |
| net assets | 3,215 | 6,691 | 25,963 | 15,832 | 564 | -2,280 | -282 |
| total shareholders funds | 3,215 | 6,691 | 25,963 | 15,832 | 564 | -2,280 | -282 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 7,120 | ||||||
| Depreciation | 215 | 3,931 | 3,956 | 1,233 | |||
| Amortisation | |||||||
| Tax | -439 | ||||||
| Stock | |||||||
| Debtors | -28,398 | -40,553 | 57,285 | 23,684 | 1,753 | -1,126 | 3,884 |
| Creditors | -30,252 | -9,890 | 32,860 | 7,126 | -1,733 | -610 | 2,588 |
| Accruals and Deferred Income | 14,759 | -17,969 | 17,966 | -1,657 | 1,660 | ||
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 19,801 | ||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -5,763 | -7,401 | 13,164 | ||||
| Other Short Term Loans | |||||||
| Long term loans | 5,850 | -7,102 | -2,110 | 9,212 | |||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -8,450 | -11,417 | 10,925 | 8,942 | |||
| share issue | |||||||
| interest | -157 | ||||||
| cash flow from financing | -12,757 | ||||||
| cash and cash equivalents | |||||||
| cash | 6,661 | -16,334 | 10,698 | -5,040 | 10,676 | ||
| overdraft | -2,348 | -2,684 | 5,032 | ||||
| change in cash | 6,661 | -13,986 | 13,382 | -10,072 | 10,676 |
1spaceprojects limited Credit Report and Business Information
1spaceprojects Limited Competitor Analysis
Perform a competitor analysis for 1spaceprojects limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in BS22 area or any other competitors across 12 key performance metrics.
1spaceprojects limited Ownership
1SPACEPROJECTS LIMITED group structure
1Spaceprojects Limited has no subsidiary companies.
Ultimate parent company
1SPACEPROJECTS LIMITED
10662524
1spaceprojects limited directors
1Spaceprojects Limited currently has 2 directors. The longest serving directors include Mr David Western (Mar 2017) and Miss Karen Reed (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Western | England | 42 years | Mar 2017 | - | Director |
| Miss Karen Reed | England | 43 years | Mar 2017 | - | Director |
P&L
March 2024turnover
83.2k
0%
operating profit
7.1k
0%
gross margin
64.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.2k
-0.52%
total assets
23.9k
-0.47%
cash
6.7k
0%
net assets
Total assets minus all liabilities
1spaceprojects limited company details
company number
10662524
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
42 maltlands, weston-super-mare, BS22 8NZ
Bank
-
Legal Advisor
-
1spaceprojects limited 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 did not find charges/mortgages relating to 1spaceprojects limited.
1spaceprojects limited 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 1SPACEPROJECTS LIMITED. This can take several minutes, an email will notify you when this has completed.
1spaceprojects limited Companies House Filings - See Documents
| date | description | view/download |
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