Company Overview
Workspace (Draperstown) Limited is listed at the official companies registry as Active Private Limited By Guarantee Without Share Capital. The company was incorporated on Monday 04 March 1985, so this is a well established company. Workspace (Draperstown) Limited has been in business for 41 years. The accounts status is group and the accounts are next due on Wednesday 31 December 2025.
Registered Address

The Business Centre 5, Tobermore Road, Draperstown, Magherafelt, BT45 7AG
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Companies House Data
Company NameWORKSPACE (DRAPERSTOWN) LIMITED
Company NumberNI018240
Registered Office AddressThe Business Centre 5, Tobermore Road
 Draperstown
 BT45 7AG
Company CategoryPrivate Limited By Guarantee Without Share Capital
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date04/03/1985
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategoryGROUP
Returns Next Due Date07/08/2016
Returns Last Made Up Date10/07/2015
Directors & Members
Show Resigned
Neil Bradley - Director
(Northern Irish, 44 years old, born September 1982)
Appointed 02 January 2025
 Active
Anne Donnelly - Director
(Irish, 58 years old, born July 1968)
Appointed 09 January 2023
 Active
Caroline Kelly - Director
(Northern Irish, 61 years old, born April 1965)
Appointed 27 August 2019
 Active
Graham Mawhinney - Director
(British, 75 years old, born August 1951)
Appointed 04 March 1985
 Active
Brian McGuigan - Director
(Irish, 68 years old, born June 1958)
Appointed 17 May 2011
 Active
William McKeown - Director
(Irish, 82 years old, born March 1944)
Appointed 04 March 1985
 Active
Patrick McShane - Director
(Northern Irish, 76 years old, born June 1950)
Appointed 04 March 1985
 Active
Laurence O'kane - Director
(British, 66 years old, born November 1960)
Appointed 28 February 2013
 Active
Damien Trolan - Director
(Northern Irish, 49 years old, born May 1977)
Appointed 18 October 2024
 Active
Secretaries
Show Resigned
Anne Donnelly - Secretary
Appointed 22 October 2024
 Active
Other Company Directorships
Neil Bradley
BERTIE'S BAKERY LIMITED
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HERON MANUFACTURE LIMITED
HERON OUGHTBOY LIMITED
HERON POWER LIMITED
HERON PROPERTY LIMITED
HERON STORAGE LIMITED
HERON STORAGE NO. 2 LIMITED
HERON STORAGE NO. 3 LIMITED
HERON STORAGE NO. 4 LIMITED
HERON WIND LIMITED
J&O PASSIVE FIRE SOLUTIONS LIMITED
KMBC PROPERTIES LIMITED
NORTH POWER LTD
NRG NINE MILE HILL LIMITED
SCRABO ENERGY LIMITED
SHADBOLT DOORS LIMITED
SSE DERRYMEEN BESS LIMITED
Anne Donnelly
MCCREADY DONNELLY LOWRY LIMITED
Caroline Kelly
DRAPERSTOWN AFTER SCHOOL CLUB LTD
Graham Mawhinney
No companies found
Brian McGuigan
DRAPERSTOWN AFTER SCHOOL CLUB LTD
MAGHERAFELT DISTRICT ADVICE SERVICES LIMITED
William McKeown
CARN FASTENERS LIMITED
DELWYN ENTERPRISES LIMITED
MID-ULSTER RURAL DEVELOPMENT PARTNERSHIP
SOUTH WEST ACTION FOR RURAL DEVELOPMENT LTD
WEDGIES LIMITED
Patrick McShane
BUSINESS RESULTS LIMITED
CORN STORE YOUTH CENTRE - THE
DRAPERS' TOWNS PARTNERSHIP LTD - THE
DRAPERSTOWN AFTER SCHOOL CLUB LTD
EBT VENTURE FUND LIMITED
FRIENDS OF ST. COLM'S
LONDON~DERRY CONNECTIONS LIMITED
SPERRIN FOCUS LIMITED
Laurence O'kane
B-BOLD (EU) LIMITED
CAST HEALTHCARE LTD
IMED (NI) LIMITED
IMED HEALTH CARE LIMITED
L&M DEVELOPMENTS (NI) LIMITED
O'KANES TRADING LIMITED
PHARMACY SUPPLIES LIMITED
Damien Trolan
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2012 31-Mar-2011
Balance Sheet
Fixed Assets 7,068,015 7,068,015 6,746,605
Current Assets 2,847,489 2,847,489 2,225,862
Creditors Due Within One Year 2,666,933 2,666,933 2,004,425
Working Cap 180,556 180,556 221,437
Total Assets Less Current Liabilities 7,248,571 7,248,571 6,968,042
Long-term Liabilities 1,708,775 1,708,775 1,619,370
Net Assets 5,539,796 5,539,796 5,348,672
Share Capital & Reserves
Share Cap 0 0 0
Profit & Loss Reserves 5,539,796 5,539,796 5,348,672
Other Reserves 0 0 0
Shareholders Funds 5,539,796 5,539,796 5,348,672
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2012 31-Mar-2011
Tangible Fixed Assets - - -
Fixed Assets 71.3% 71.3% 75.2%
Stocks Inventory 2.5% 2.5% 2.8%
Debtors 23.0% 23.0% 21.6%
Cash Bank In Hand 3.2% 3.2% 0.5%
Current Assets 28.7% 28.7% 24.8%
Creditors Due Within One Year 26.9% 26.9% 22.3%
Net Current Assets Liabilities 1.8% 1.8% 2.5%
Creditors Due After One Year 17.2% 17.2% 18.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 55.9% 55.9% 59.6%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 55.9% 55.9% 59.6%
Shareholder Funds 55.9% 55.9% 59.6%
Capital Employed - - -
Total Assets Less Current Liabilities 73.1% 73.1% 77.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2012 31-Mar-2011
Liquidity Ratio 1.1 1.1 1.1
Solvency Ratio 2.3 2.3 2.5
Reserves to Assets 0.6 0.6 0.6
Secured Creditors Unlock full report
Mortgages Charges 21
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 21
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2025 31-Mar-2012 31-Mar-2011
Assets 9,915,504 9,915,504 8,972,467
Debt 4,375,708 4,375,708 3,623,795
Net Assets/Debt 5,539,796 5,539,796 5,348,672

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around BT45 7AG
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1A GORTNASKEY ROAD, DRAPERSTOWN, MAGHERAFELT, BT45 7AG
BMR CONTRACTS LTD
Unit A2 Workspace, 5 Tobermore Road, Draperstown, Co Derry, BT45 7AG
SPERRIN BAKERY LIMITED
UNIT F6 AND F7, 7 TOBERMORE ROAD, DRAPERSTOWN, MAGHERAFELT, BT45 7AG
CAST HEALTHCARE LTD
UNIT E, THE BUSINESS CENTRE, 5-7 TOBERMORE ROAD, DRAPERSTOWN, COUNTY LONDONDERRY, BT45 7AG
PHARMACY SUPPLIES LIMITED
5-7 TOBERMORE ROAD, DRAPERSTOWN, DERRY, BT45 7AG
O'KANES TRADING LIMITED
34 DERRYNOYD ROAD, DRAPERSTOWN, MAGHERAFELT, BT45 7AG
BUSINESS RESULTS LIMITED
5-7 TOBERMORE ROAD, DRAPERSTOWN, CO LONDONDERRY, BT45 7AG
WEDGIES LIMITED
The Business Centre, Draperstown, BT45 7AG
IMED (NI) LIMITED
5-7 TOBERMORE ROAD, DRAPERSTOWN, MAGHERAFELT, COUNTY LONDONDERRY, BT45 7AG
HOMESEAL (ENERGY SAVINGS) LIMITED
THE BUSINESS CENTRE, DRAPERSTOWN, BT45 7AG
Document Filings
Satisfaction of charge 10 in full
Satisfaction of charge 13 in full
Satisfaction of charge 12 in full
Satisfaction of charge NI0182400017 in full
Satisfaction of charge NI0182400021 in full
Satisfaction of charge NI0182400020 in full
Satisfaction of charge 11 in full
Satisfaction of charge NI0182400018 in full
Satisfaction of charge NI0182400019 in full
Confirmation statement made on 9 July 2025 with no updates
Appointment of Mr Neil Patrick Bradley as a director on 2 January 2025
Termination of appointment of Diarmuid O'kane as a secretary on 22 October 2024
Termination of appointment of Diarmuid O'kane as a director on 22 October 2024
Appointment of Mrs Anne Donnelly as a secretary on 22 October 2024
Appointment of Mr Damien Trolan as a director on 18 October 2024
Confirmation statement made on 9 July 2024 with no updates
Termination of appointment of Damian John Heron as a director on 19 April 2024
Confirmation statement made on 9 July 2023 with no updates
Appointment of Mrs Anne Donnelly as a director on 9 January 2023
Confirmation statement made on 9 July 2022 with no updates
Termination of appointment of Sammantha Louise Mccloskey as a director on 26 October 2021
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