Modulex Modular Buildings Plc
07291662
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/06/2024
full
Next accounts due
31/12/2025
Confirmation statement
Last: 31/12/2025
Due 14/01/2027
Industry
Officers
director · Since 22/06/2010
DIRECTOR
INDIAN · GIBRALTAR · Age 50
Also on 10 other boards
director · Since 06/04/2024
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 72
Also on 8 other boards
Persons with Significant Control
Mr Suchit Punnose
Indian · Gibraltar · Age 50
16, Berkeley Street, London, W1J 8DZ
Notified 30/09/2024
Former PSCs
Red Ribbon Asset Management Plc
Ceased 30/09/2024
Mr Suchit Punnose
Ceased 30/09/2024
CompanyRankvs 4595+ SIC 70100 peers54
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Material uncertainty related to going concern We draw your attention to the going concern note in the financial statements that the company is dependent on the availability of funding and the current economic conditions are having a
Key FinancialsYear ending 30/06/2024
Net Worth
£12.1M
Balance sheet strength
Cash
£45k
Cash in the bank
Profit Before Tax
-£3.0M
Bottom line earnings
Net Current Assets
-£1.5M
Working capital
Current Assets
£114k
Current Liabilities
£1.7M
Fixed Assets
£14.5M
Debtors
£70k
Admin Expenses
£2.8M
Operating Profit
-£2.9M
Profit After Tax
-£3.0M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.07 | -£949k |
| 2023 | 0.23 | -£654k |
| 2022 | 0.48 | -£1.9M |
| 2021 | 3.01 | — |
Derived from filed accounts. Not audited figures.