Moddex Limited

Moddex Ltd from Edgware, UK, is a small, active company founded 50 years ago in 1974. With £3,273,138 in assets and a virtual address, it operates with three directors and two owners, running an e-commerce site. The company regularly imports and exports leather goods, travel bags, and animal harnesses—19 months of import activity and 23 months of export activity recorded. It’s a long-standing business, but the address is a bit strange, with 239 companies registered there.

Moddex Ltd specializes in providing gaming modifications, particularly for the FiveM platform. Its website, Moddex Development, showcases a wide range of assets, including vehicle setups, EUP props, weapons, development tools, and atlas maps. The company actively promotes its products through a blog, social media, and a dedicated Discord server. It's a modern, digital-first business, catering to a niche community of game developers and enthusiasts.

Financially, Moddex Ltd shows some interesting trends. Cash bank dropped significantly by 37%, to £660,000, while trade debtors increased by 15%, to £2.6 million. Amounts owed to directors increased by a whopping 83%, to £210,000, which is something to keep an eye on. Creditors also rose, by 8%, to £510,000. Net assets decreased slightly, by 3%, to £2.8 million. The company's small size—meeting two of three criteria for a small company—helps it remain flexible, but the changes in debt levels suggest a need for careful management. There's no auditor mentioned, so the financial statements are unaudited. It seems like the company is burning through cash, but the active e-commerce site and dedicated community suggest it’s a well-managed operation despite the financial shifts.

Registered in England/Wales under the registration number 01170056, with a registered address at HA8 7AB, England, Edgware, 42-46 Station Road.

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