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Modec Uk Ltd.

10662534

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)
  • Going concern doubt noted in accounts (-10)

Details

C/O TFC LEGAL, LONDON, EC2R 5BJ
Incorporated 09/03/2017

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 06/04/2025

Due 20/04/2026

Overdue

Industry

09100
Support activities for petroleum and natural gas extraction
30110
Building of ships and floating structures
43290
Other construction installation
71121
Engineering design activities for industrial process and production

Officers

Mr Gary Robert Kennedy

director · Since 20/04/2022

COMPANY DIRECTOR

AUSTRALIAN · AUSTRALIA · Age 60

Mr Yuichi Shirayama

director · Since 09/05/2025

COMPANY DIRECTOR

JAPANESE · JAPAN · Age 50

Persons with Significant Control

Modec, Inc.

75–100% shares

Nihonbashi Maruzen Tokyu Building 4th & 5th Floors, 2-3-10 Nihonbashi, Tokyo

Reg: 62690 · Tokyo Stock Exchange · Limited Company

Notified 09/03/2017

CompanyRankvs 1328+ SIC 09100 peers
22

Financial strength8th percentile among SIC peers · 2/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.62× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength2/25 pts

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

Employees0/15 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.

Longevity9/15 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

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

Sidikies The audit report included the following wording in which the auditor drew attention to a matter disclosed in the financial statements by way of emphasis: Material uncertainty relating to going concern We draw attention to note 3 in the financial statements, which indicates that the company is dependent for its working capital on funds provided to it by parent company. As stated in note 3,

Key FinancialsYear ending 31/03/2018

Net Worth

-£6k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

£9k

Current Liabilities

£15k

Balance Sheet

Assets less current liabilities-£6k
Prepared with Sage Accounts Production 18.30 - FRS

EstimatesDerived

YearCurrent Ratio
20180.62

Derived from filed accounts. Not audited figures.