Modern Drives & Controls Limited

Modern Drives And Controls Ltd from Beaumont Leys UK: small company, active status, founded 34 years ago, 8 employees, £351,333 assets, real address, 3 directors, 1 owner, solo founder. Regular importer of electrical machinery and equipment (4 months imported). It’s a small, active company based in Leicester, UK, founded back in 1990. With eight employees and £351,333 in assets, it’s a modest operation led by a solo founder, now supported by three directors. The company operates from a real address within an industrial estate, and regularly imports electrical machinery and equipment – the last import was recorded in March 2024.

The company’s website showcases a wide range of industrial control gear, motor gear units, and inverter drives. It positions itself as a specialist distributor, partnering with leading manufacturers like Lenze, Brook Crompton, and GEORGII KOBOLD. The website details a comprehensive product catalog, including AC motors, servo motors, inverters, and control gear, catering to diverse industrial applications. It’s clear they’re targeting businesses needing reliable automation and control solutions. They have a good website, but it’s a bit dated.

Financially, Modern Drives & Controls Ltd shows a mixed picture. Current assets have decreased by 6.5% to £350,000, while bank borrowings have increased by 24% to £120,000. Cash reserves have fallen 24% to £120,000. Interestingly, creditors have also decreased by 22%, suggesting improved debt management. Depreciation expenses have increased significantly by 51%, which could indicate investment in new equipment. As a small company, it’s exempt from an audit, so the financial statements are unaudited. The company meets two of the three criteria for being classified as small, with turnover under £10.2 million and assets under £5.1 million.

The company’s financial trends suggest it’s navigating a challenging environment. While it’s managing its debts effectively, the decrease in cash reserves and increase in depreciation expenses could indicate a need for careful financial planning. It’s likely the company is trying to expand its operations, but it’s important to monitor its cash flow closely.

Registered in England/Wales under the registration number 02542759, with a registered address at LE4 1ET, Beaumont Leys, Leicester, Unit 5 Barrington Park Industria, Estate Leycroft Road.

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