third space (moorgate) limited
third space (moorgate) limited Company Information
Company Number
11985554
Next Accounts
Sep 2025
Shareholders
third space holdings limited
Group Structure
View All
Industry
Fitness facilities
Registered Address
16-19 canada square, london, E14 5ER
Website
thirdspace.londonthird space (moorgate) limited Estimated Valuation
Pomanda estimates the enterprise value of THIRD SPACE (MOORGATE) LIMITED at £6.3m based on a Turnover of £4.6m and 1.39x industry multiple (adjusted for size and gross margin).
third space (moorgate) limited Estimated Valuation
Pomanda estimates the enterprise value of THIRD SPACE (MOORGATE) LIMITED at £8m based on an EBITDA of £1.3m and a 6.24x industry multiple (adjusted for size and gross margin).
third space (moorgate) limited Estimated Valuation
Pomanda estimates the enterprise value of THIRD SPACE (MOORGATE) LIMITED at £0 based on Net Assets of £-2.1m and 3.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Third Space (moorgate) Limited Overview
Third Space (moorgate) Limited is a live company located in london, E14 5ER with a Companies House number of 11985554. It operates in the fitness facilities sector, SIC Code 93130. Founded in May 2019, it's largest shareholder is third space holdings limited with a 100% stake. Third Space (moorgate) Limited is a young, small sized company, Pomanda has estimated its turnover at £4.6m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Third Space (moorgate) Limited Health Check
Pomanda's financial health check has awarded Third Space (Moorgate) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £4.6m, make it larger than the average company (£269.1k)
£4.6m - Third Space (moorgate) Limited
£269.1k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Third Space (moorgate) Limited
- - Industry AVG
Production
with a gross margin of 90.1%, this company has a comparable cost of product (84.6%)
90.1% - Third Space (moorgate) Limited
84.6% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (3.9%)
10.3% - Third Space (moorgate) Limited
3.9% - Industry AVG
Employees
with 40 employees, this is above the industry average (9)
40 - Third Space (moorgate) Limited
9 - Industry AVG
Pay Structure
on an average salary of £40.8k, the company has a higher pay structure (£20k)
£40.8k - Third Space (moorgate) Limited
£20k - Industry AVG
Efficiency
resulting in sales per employee of £114.5k, this is more efficient (£64.3k)
£114.5k - Third Space (moorgate) Limited
£64.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (12 days)
0 days - Third Space (moorgate) Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (89 days)
7 days - Third Space (moorgate) Limited
89 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is more than average (21 days)
31 days - Third Space (moorgate) Limited
21 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Third Space (moorgate) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 120.6%, this is a higher level of debt than the average (83.7%)
120.6% - Third Space (moorgate) Limited
83.7% - Industry AVG
THIRD SPACE (MOORGATE) LIMITED financials
Third Space (Moorgate) Limited's latest turnover from December 2023 is £4.6 million and the company has net assets of -£2.1 million. According to their latest financial statements, Third Space (Moorgate) Limited has 40 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 4,578,739 | 256,865 | |||
| Other Income Or Grants | |||||
| Cost Of Sales | 452,270 | 45,787 | |||
| Gross Profit | 4,126,469 | 211,078 | |||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | -29,876 | -1,366,041 | -730,303 | -58,500 | |
| Tax | -71,645 | -31,477 | 197,201 | ||
| Profit After Tax | -101,521 | -1,397,518 | -533,102 | -58,500 | |
| Dividends Paid | |||||
| Retained Profit | -101,521 | -1,397,518 | -533,102 | -58,500 | |
| Employee Costs | 1,631,681 | 391,435 | |||
| Number Of Employees | 40 | 21 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 7,324,506 | 7,639,891 | 439,676 | 73,384 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | 2,483,779 | 165,724 | 197,201 | ||
| Total Fixed Assets | 9,808,285 | 7,805,615 | 636,877 | 73,384 | |
| Stock & work in progress | 38,834 | 21,897 | |||
| Trade Debtors | 3,116 | 100 | |||
| Group Debtors | |||||
| Misc Debtors | 310,590 | 1,093,933 | 41,483 | 167,733 | |
| Cash | |||||
| misc current assets | |||||
| total current assets | 352,540 | 1,115,830 | 41,483 | 167,733 | 100 |
| total assets | 10,160,825 | 8,921,445 | 678,360 | 241,117 | 100 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 9,493 | 38,966 | 186 | 241,017 | |
| Group/Directors Accounts | 9,025,222 | 522,176 | 3,000 | ||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 854,294 | 588,277 | 100,000 | ||
| total current liabilities | 863,787 | 9,652,465 | 622,362 | 244,017 | |
| loans | 10,209,746 | ||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 1,177,833 | 1,258,000 | 647,500 | 55,500 | |
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 11,387,579 | 1,258,000 | 647,500 | 55,500 | |
| total liabilities | 12,251,366 | 10,910,465 | 1,269,862 | 299,517 | |
| net assets | -2,090,541 | -1,989,020 | -591,502 | -58,400 | 100 |
| total shareholders funds | -2,090,541 | -1,989,020 | -591,502 | -58,400 | 100 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 812,374 | 63,946 | |||
| Amortisation | |||||
| Tax | -71,645 | -31,477 | 197,201 | ||
| Stock | 16,937 | 21,897 | |||
| Debtors | 1,537,828 | 1,020,973 | 70,951 | 167,633 | 100 |
| Creditors | -29,473 | 38,780 | -240,831 | 241,017 | |
| Accruals and Deferred Income | 185,850 | 1,098,777 | 692,000 | 55,500 | |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | -9,025,222 | 8,503,046 | 519,176 | 3,000 | |
| Other Short Term Loans | |||||
| Long term loans | 10,209,746 | ||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | 1,184,524 | 8,503,046 | 519,176 | 3,000 | |
| cash and cash equivalents | |||||
| cash | |||||
| overdraft | |||||
| change in cash |
third space (moorgate) limited Credit Report and Business Information
Third Space (moorgate) Limited Competitor Analysis
Perform a competitor analysis for third space (moorgate) limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.
third space (moorgate) limited Ownership
THIRD SPACE (MOORGATE) LIMITED group structure
Third Space (Moorgate) Limited has no subsidiary companies.
Ultimate parent company
STEELE OFFSHORE BLEU LLC
#0132290
2 parents
THIRD SPACE (MOORGATE) LIMITED
11985554
third space (moorgate) limited directors
Third Space (Moorgate) Limited currently has 2 directors. The longest serving directors include Mr Colin Waggett (May 2019) and Mrs Suzanne Clarkson (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Waggett | England | 55 years | May 2019 | - | Director |
| Mrs Suzanne Clarkson | England | 41 years | Sep 2023 | - | Director |
P&L
December 2023turnover
4.6m
+1683%
operating profit
472.8k
0%
gross margin
90.2%
+9.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.1m
+0.05%
total assets
10.2m
+0.14%
cash
0
0%
net assets
Total assets minus all liabilities
third space (moorgate) limited company details
company number
11985554
Type
Private limited with Share Capital
industry
93130 - Fitness facilities
incorporation date
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
16-19 canada square, london, E14 5ER
Bank
-
Legal Advisor
-
third space (moorgate) 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 found 3 charges/mortgages relating to third space (moorgate) limited. Currently there are 1 open charges and 2 have been satisfied in the past.
third space (moorgate) 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 THIRD SPACE (MOORGATE) LIMITED. This can take several minutes, an email will notify you when this has completed.
third space (moorgate) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
