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Modern Drives & Controls Limited

02542759

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 5 BARRINGTON PARK INDUSTRIA, BEAUMONT LEYS, LE4 1ET
Incorporated 25/09/1990

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27900
Manufacture of other electrical equipment

Officers

Mr Stephen Hand

director · Since 25/09/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 76

Also on 2 other boards

Pauline Dianna Hand

secretary · Since 29/01/1999

BRITISH

Mr Richard James Hand

director · Since 30/05/2015

WORKS DIRECTOR

BRITISH · ENGLAND · Age 51

Persons with Significant Control

Mr Stephen Hand

75–100% shares
75–100% votes

British · England · Age 76

6, Ainsworth Drive, Loughborough, LE12 7QN

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

CLOSE INVOICE FINANCE LIMITED

Created 27/08/1997Registered 04/09/1997
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 04/12/1990Registered 19/12/1990Satisfied 30/08/1997

CompanyRankvs 264+ SIC 27900 peers
71

Financial strength74th percentile among SIC peers · 19/25
Employees80th percentile among SIC peers · 12/15
LiquidityCurrent ratio 5.52× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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264Modern Drives & Controls Limited
81
How is this score calculated?
Financial strength19/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2024

Net Worth

£268k

Balance sheet strength

Cash

£125k

Cash in the bank

Net Current Assets

£265k

Working capital

Current Assets

£323k

Current Liabilities

£59k

Fixed Assets

£3k

Debtors

£64k

8avg. employees

Balance Sheet

Assets less current liabilities£268k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20245.52+£3k
20233.84+£4k
20223.19+£10k
20213.68—

Derived from filed accounts. Not audited figures.