NEWSPACE CONTAINERS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +10.8%

  £12,840,505 → £14,233,634

• Cash

  -56.8%

  £379,948 → £163,950

  lowest in 4 filed years

• Net assets

  -7.3%

  £12,025,238 → £11,153,027

  lowest in 4 filed years

• Employees

  -11.7%

  128 → 113

  lowest in 4 filed years

• Operating profit

  +35.7%

  -£1,778,817 → -£1,143,074

• Profit before tax

  +35.7%

  -£1,779,031 → -£1,143,041

• Wages

  +2.8%

  £4,639,509 → £4,768,004

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. NEWSPACE CONTAINERS LIMITED 2001-03-14 → present
2. STEELSPACE CONTAINERS LIMITED 2000-10-31 → 2001-03-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Revenue has increased by 10.8% year on year, against a challenging economic environment. The bank of England base rate remained at 5.25% until the end of July 2024...the rate progressively reduced to 4.75% by the end of December 2024.”
• “Successful onboarding of new customers has been crucial to the ongoing progress at Newspace, allowing a more complete utilisation of the workforce and driving improvements at a gross margin level.”
• “Further investment in R&D, with fire rated and more thermally efficient products being developed, alongside modular offerings, will enable this future growth.”
• “Newspace maintains its industry leading reputation for quality and service. Furthermore, a number of independently assessed standards, including Constructionline Gold, Supply Chain Sustainability School Gold and Achilles Building Confidence have been achieved.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.