London Modular Limited

London Modular Limited is a small, active company based in Stanmore, UK, founded eleven years ago in 2013. With £68,956 in assets and a real registered address, it’s a tight-knit operation run by one director and three owners. The company employs three people and operates in the retail sale of musical instruments and scores industries. It’s a regular importer of musical instruments and parts, with 68 months of import activity recorded, the latest in December 2020. The company has also dabbled in exporting, with just one month of export activity recorded as of July 2016.

The company’s website, londonmodular.com, isn't currently active, which makes it difficult to understand what they are doing. It’s not clear if they operate an e-commerce site or offer other services.

Financially, London Modular Limited is showing some concerning trends. Net assets have plummeted by 110%, resulting in a negative equity of -£5,200. Cash reserves have fallen by 26%, leaving just £49,000. Current assets have also decreased significantly, dropping 56% to £69,000. On a positive note, creditors have decreased by 21%, suggesting better debt management. Trade debtors have increased by 410%, which could indicate delayed customer payments or expanded credit terms. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It’s difficult to say for certain what’s driving these trends, but it’s possible that the company is facing increased competition or experiencing difficulties attracting customers. The lack of an active website could also be hindering its ability to generate sales.

Registered in England/Wales under the registration number 08542645, with a registered address at HA7 3ED, England, Stanmore, Middx, 7 Heriots Close.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.