Modular Logistics Group Limited
09225439
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/12/2014
DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 28 other boards
secretary · Since 15/04/2015
director · Since 29/12/2015
ACCOUNTANT
BRITISH · ENGLAND · Age 57
Also on 5 other boards
director · Since 18/11/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 1 other board
Persons with Significant Control
Mr Martin John Swan
British · England · Age 57
44, Newdown Road, Scunthorpe, DN17 2TX
Notified 06/04/2016
Ms Michelle Louise Peterson
British · United Kingdom · Age 48
44, Newdown Road, Scunthorpe, DN17 2TX
Notified 30/10/2020
Charges1 outstanding
BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)
CompanyRankvs 134+ SIC 77120 peers55
Show leaderboard
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to
Key FinancialsYear ending 30/11/2023
Turnover
£13.6M
Annual revenue
Net Worth
£815k
Balance sheet strength
Cash
£280k
Cash in the bank
Profit Before Tax
-£542k
Bottom line earnings
Net Current Assets
£111k
Working capital
Current Assets
£3.3M
Current Liabilities
£3.2M
Fixed Assets
£2.2M
Debtors
£3.0M
Cost of Sales
£11.5M
Gross Profit
£2.0M
Admin Expenses
£2.4M
Operating Profit
-£410k
Profit After Tax
-£522k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 1.03 | +£765k |
| 2022 | 0.22 | +£39k |
| 2021 | 0.23 | -£20k |
| 2020 | 0.33 | +£12k |
| 2019 | 0.25 | +£13k |
| 2018 | 0.30 | — |
Derived from filed accounts. Not audited figures.