Modern Screws Limited

Modern Screws Limited, based in Dartford, UK, is a small, active company founded 17 years ago. With four employees and £75,025 in assets, it operates from a virtual address – a detail worth noting as twenty-four companies share the same location. The business is run by two directors and one owner, and it has a fully functional e-commerce site with a stellar 5.0 Google rating based on 32 reviews. The company’s primary focus is the wholesale of other machinery and equipment, along with the retail sale of hardware, paints, and glass. It’s also an irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, though the last import activity was recorded way back in June 2019.

The company’s website is quite basic, showcasing a range of fasteners and related products. It’s clear that the business is focused on online sales, and the high Google rating suggests a good reputation among customers. The site's simplicity suggests a focus on functionality over flashy design.

Financially, Modern Screws Limited shows a mixed picture. Current assets have fallen by 14%, dropping to £75,000, while bank borrowings have decreased by 55% to £1,600. Cash bank on hand has also declined by 24%, sitting at £26,000. While creditors have decreased by 55%, dropping to £1,600, the company’s net assets have only increased slightly, by 2.5% to £9,400. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the slight decline in assets could indicate some financial pressure. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Modern Screws Limited seems to be a steady, if somewhat modest, operation. The high Google rating and active e-commerce site suggest a good customer base, but the slight decline in assets warrants keeping an eye on.

Registered in England/Wales under the registration number 06431427, with a registered address at DA1 2JH, United Kingdom, Dartford, Kent, C/O Martin Ives & Co. Ltd, The Hill Hub, 1a Highfield Road.

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