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Modem Limited

09516691

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

2 CODRINGTON MEWS, LONDON, W11 2EH
Incorporated 28/03/2015

Compliance

Last accounts

31/12/2024

micro entity

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 20/03/2026

Due 03/04/2027

On track

Industry

70221
Financial management

Officers

Mrs Moira Anne Sheehan

director · Since 01/02/2020

SOLICITOR

ENGLISH · ENGLAND · Age 65

Also on 3 other boards

Persons with Significant Control

Mrs Moira Sheehan

25–50% shares
25–50% votes

British · United Kingdom · Age 65

39 Delaware Mansions, Delaware Road, London, W9 2LH

Notified 27/08/2021

Former PSCs

Mr Dennis William Sheehan

Ceased 18/03/2022

CompanyRankvs 13462+ SIC 70221 peers
35

Financial strength5th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees2/15 pts

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

Liquidity6/20 pts

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

Longevity11/15 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.

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

Key FinancialsYear ending 31/12/2024

Turnover

£118k

Annual revenue

Net Worth

-£18k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£805k

Current Liabilities

£823k

Profit After Tax

-£968

0avg. employees

Balance Sheet

Depreciation£105k
Assets less current liabilities-£18k
Signed by 1.1.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20240.98-£968
20230.98

Derived from filed accounts. Not audited figures.