# PAY LESS FOR WORK SPACE LIMITED (05000948)

> PAY LESS FOR WORK SPACE LIMITED is an active private limited company (company number 05000948) incorporated on 22 December 2003, registered in Newcastle Upon Tyne. Its registered activity is other letting and operating of own or leased real estate (SIC 68209). Latest small accounts cover the period ending 31 December 2024, showing net assets of £1.96m and cash of £6,202, with 3 employees on average. Net assets rose 2% on the prior period (£1.93m).

- Status: Active
- Incorporated: 2003-12-22
- Registered office: Newcastle Upon Tyne, NE12 6QN
- SIC 68209: Other letting and operating of own or leased real estate
- Next accounts due: 2026-09-30
- Confirmation statement due: 2027-01-05
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 3,228 comparable companies in Newcastle (median £1, upper quartile £18k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £1.96m | £6,202 | £989k | £182k | — | — | 3 |
| 2023-12-31 | £1.93m | £43k | £867k | £154k | — | — | 3 |

current ratio 5.48; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £1,960,412 at 31 December 2024
- Current assets at least 1.5× creditors within one year: Current ratio 5.48
- Incorporated five or more years ago: Incorporated 22 December 2003
- Accounts past their due date: Due 30 September 2026

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Martin James Wallace — owns 50–75% of shares; holds 50–75% of voting rights; can appoint or remove directors; has significant influence or control, since 2016-04-06
- Mr Andrew Anthony Wallace — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-12-22

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/05000948
HTML: https://firmoscan.com/company/05000948-pay-less-for-work-space-limited