NEWABLE OFFICE SPACE LIMITED
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Cash
£1.4m
-11.2% lowest in 3 filed years
Net assets
-£14m
-93.7% lowest in 3 filed years
Employees
102
-15.7% lowest in 3 filed years
Profit before tax
-£8.6m
-94.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £18,179,752 | £15,432,398 | £18,106,325 | +17.3% | |
| Operating profit | -£4,220,731 | -£4,112,861 | -£8,425,792 | -104.9% | |
| Profit before tax | -£4,651,630 | -£4,438,603 | -£8,635,806 | -94.6% | |
| Net profit | -£4,074,025 | -£2,870,108 | -£6,989,736 | -143.5% | |
| Cash | £2,214,335 | £1,595,428 | £1,417,335 | -11.2% | |
| Total assets less current liabilities | -£655,949 | -£5,515,652 | -£13,589,217 | -146.4% | |
| Net assets | -£4,481,648 | -£7,456,790 | -£14,446,526 | -93.7% | |
| Equity | -£4,481,648 | -£7,456,790 | -£14,446,526 | -93.7% | |
| Average employees | 181 | 121 | 102 | -15.7% | |
| Wages | £6,540,889 | £5,195,274 | £4,477,509 | -13.8% | |
| Directors' remuneration | £405,324 | £414,140 | £459,084 | +10.9% | |
| Directors' pension contributions | £1,321 | £1,235 | £1,428 | +15.6% | |
| Highest paid director | £243,383 | £220,812 | £261,267 | +18.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -23.2% | -26.7% | -46.5% | |
| Net margin | -22.4% | -18.6% | -38.6% | |
| Gearing (liabilities / total assets) | 121.5% | 132.6% | 152.7% | |
| Current ratio | 0.49x | 0.40x | 0.32x | |
| Interest cover | -9.80x | -12.63x | -40.12x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company is a wholly owned subsidiary of Newable Partnership Limited. A letter of support has been received from Newable Partnership Limited, the Company's parent undertaking, that confirms that Newable Partnership Limited will provide sufficient financial support to the Company”
Group structure
- NEWABLE OFFICE SPACE LIMITED · parent
- Newflex Holdings Limited 100%
- Bold Tech Ventures Limited 60%
- Newflex Limited 100%
- Newflex Special Leases Limited 100%
- Newflex Leases Limited 100%
- Citibase Limited 100%
- Freedom Business Centres Limited 100%
Significant events
- “During the year, two new premium sites London & Reading were launched.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JUDE, Steven Paul | Director | 2018-11-30 | Jun 1963 | British |
| KANWAL, Fozia | Director | 2020-07-01 | May 1988 | British |
| MANSON, Christopher John | Director | 2018-09-24 | Feb 1967 | British |
| THOMPSON, Robert Charles | Director | 2022-04-01 | Oct 1972 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOFMAN, Michael | Secretary | 2018-09-24 | 2022-03-31 |
| IRONS, Timothy Philip | Director | 2018-11-30 | 2019-09-09 |
| WALSH, Michael Bernard | Director | 2018-09-24 | 2024-02-15 |
| WATTS, Anne Margaret | Director | 2018-11-30 | 2023-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Newable Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-24 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-11 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | AA | accounts | Accounts with accounts type group | |
| 2025-08-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-27 | AA | accounts | Accounts with accounts type group | |
| 2024-02-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-13 | AA | accounts | Accounts with accounts type group | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-07 | AA | accounts | Accounts with accounts type group | |
| 2022-10-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-18 | CH01 | officers | Change person director company with change date | |
| 2022-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-11-03 | AA | accounts | Accounts with accounts type group | |
| 2021-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-29 | AA | accounts | Accounts with accounts type group | |
| 2020-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.