Modatech Ltd

Modatech Ltd, based in Harrow, UK, is a small, active company established twelve years ago in 2012. Employing just four people, it holds £1,082,053 in assets and operates from a real address, managed by two directors and two owners – a family business with a stellar 5.0 Google rating based on a single review. The company is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances; parts, with the last import operation occurring two months ago in August 2023. Moda Tech operates in the wholesale of clothing and footwear industries.

The company's website highlights its specialized services within the fashion industry, offering technical inspection, production monitoring, factory evaluation, and quality assurance processes for retailers, brands, and vendors. It caters to high-end and high-street brands, providing bespoke services throughout the supply chain. Moda Tech ensures the final product meets quality standards, potentially exceeding customer expectations.

Financially, Modatech Ltd presents a mixed picture. Current assets increased by 26% to £1,100,000, while net assets rose 30% to £710,000. Bank borrowings decreased by 34% to £18,000, and cash reserves increased by 9.2% to £520,000. Trade debtors increased by 46% to £560,000, suggesting potential growth in sales, but also a risk of delayed payments. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor (likely exempt due to its small size) means the figures are unaudited.

The company's financial data shows a positive trend in assets and cash reserves, indicating a potentially healthy financial state. However, the increase in trade debtors should be monitored closely. Overall, Modatech Ltd appears to be a stable, family-run business providing specialized services within the fashion industry, though it's important to keep an eye on those debtors.

Registered in England/Wales under the registration number 08323603, with a registered address at HA5 5NE, England, Pinner, C/O Hill Wooldridge & Co, Monument House, 215 Marsh Road.

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