Modebest Builders Limited

Modebest Builders Limited, based in Northolt, UK, is a large construction company holding a significant £32,508,545 in assets. Founded 31 years ago in 1994, the company has an active status and employs just three people, despite its size. It's a holding company with four directors and one owner, and maintains a respectable 4.0 Google rating from 25 reviews. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import operation occurring two months ago in July 2023.

The company's website highlights Modebest as a leading UK reinforced concrete frame company specializing in groundworks, reinforced concrete frames, and precast concrete products. They serve clients in London and the home counties, with featured projects including Marsh Wall and Canary Wharf. The site showcases a range of services, from groundworks and basement construction to Heathrow precast solutions, emphasizing quality, responsibility, and sustainability. They even have a presence at Harrods.

Financially, Modebest Builders Limited presents a mixed picture. While current assets decreased by 27% to £33 million, bank borrowings surged by 140% to £3.9 million. Cash reserves also increased by 4.9% to £3.9 million. However, net assets grew by a healthy 8.2% to £19 million. Creditors decreased by 51%, suggesting improved debt management, but administrative expenses increased by a substantial 45%. The company’s average number of employees has increased by a staggering 230% to ten, which is a positive sign. The unaudited financial statements, prepared using CCH Software, do not mention an auditor.

Overall, Modebest Builders Limited appears to be navigating a period of change, with increased expenses and borrowing offset by improved asset management and a growing workforce. The company’s focus on quality and its established reputation should provide a solid foundation for future growth, though keeping an eye on those rising administrative costs would be wise.

Registered in England/Wales under the registration number 02889523, with a registered address at UB5 5XS, United Kingdom, Northolt, Moy House, 69 Belvue Road.

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