Modality Group Limited

Modality Group Ltd from Loughborough UK: a small holding company with an active status, was founded eleven years ago and employs ten people. It holds £2,527,309 in assets and operates from a real address with two directors and one owner. The company regularly imports and exports optical and medical tools and devices, having imported for 42 months and exported for 38 months.

The company’s website highlights its vendor-neutral diagnostic imaging services, designed to meet increasing patient demands and improve outcomes. It’s a combined operation, with a history of repair of other equipment industries and a recent expansion into sales, rental, and maintenance of medical imaging modalities. The company's AUE Ltd division has been rebranded as part of Modality Group Ltd, with the name Modality representing its service provision for all imaging diagnostic modalities. The website also advertises a range of services, including equipment repair, probe repair, and ultrasound system service.

Financially, Modality Group Ltd shows a mixed picture. Cash reserves increased by 6.3% to £200,000, but net assets grew by only 16% to £1.3 million. Bank borrowings increased significantly, by 190%, reaching £29,000, which might suggest investment in growth or increased working capital needs. Creditors also increased, by 49%, to £1.1 million, which could be related to increased supplier payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 49 employees. The company’s financial statements are unaudited, likely due to its small size. The company’s accounts are prepared in accordance with Financial Reporting Standard 102.

Registered in England/Wales under the registration number 08572788, with a registered address at LE11 5GU, United Kingdom, Loughborough, Leicestershire, Fosse House, 20 Prince William Road.

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