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Modular Commerce Limited

13506474

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

8 TORWOOD CLOSE, COVENTRY, CV4 8HX
Incorporated 12/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46160
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
47910
Retail sale via mail order houses or via Internet
62020
Information technology consultancy activities

Officers

Mr Matthew David Walsh

director · Since 12/07/2021

CONSULTANT

BRITISH · ENGLAND · Age 51

Mr James Radford

director · Since 14/09/2021

CHIEF REVENUE OFFICER

BRITISH · ENGLAND · Age 52

Also on 3 other boards

Persons with Significant Control

Mr Matthew David Walsh

25–50% shares

British · England · Age 51

8, Torwood Close, Coventry, CV4 8HX

Notified 12/07/2021

Mr James Radford

25–50% shares
25–50% votes

British · England · Age 52

6, Paulet Close, Fleet, GU51 1JS

Notified 14/09/2021

CompanyRankvs 3148+ SIC 46160 peers
38

Financial strength2th percentile among SIC peers · 1/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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3148Modular Commerce Limited
37
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.

Employees15/15 pts

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

Liquidity2/20 pts

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

Longevity5/15 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 31/07/2024

Net Worth

-£111k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£112k

Working capital

Current Assets

£86k

Current Liabilities

£198k

Fixed Assets

£1k

8avg. employees+2

Balance Sheet

Assets less current liabilities-£111k
Prepared with BTCSoftware AP Solution 2024 11.1.01

EstimatesDerived

YearCurrent RatioImplied Profit
20240.43+£13k
20230.07+£2k
20220.01—

Derived from filed accounts. Not audited figures.