Modorwy Ltd

Modorwy Ltd, hailing from Grays, UK, is a small, active company founded just one year ago. Employing a single person, it holds £4,059 in assets and operates from a real address. With one director and owner—a solo founder—it runs an e-commerce site. The company is classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Modorwy Ltd appears to be involved in the retail sale via mail order houses or via internet, take-away food shops, and mobile food stands. Its website showcases a range of products, including power banks, wireless earbuds, and car audio systems. Notably, it also offers car stereo systems and accessories, specifically targeting vehicles like the Maruti Suzuki Alto 2022. The site prominently features ModishOmbre branding, suggesting a focus on style and technology. It even offers custom branding options on earbuds.

Financially, Modorwy Ltd’s numbers paint a mixed picture. Net assets and liabilities both stand at -£1900, indicating a negative equity position. Cash on hand is a modest £110, and bank borrowings are £5400. Creditors are at £6000, and current assets are £4100. It seems like the company is burning through cash, likely a common challenge for new e-commerce ventures. The lack of employees (just one reported) suggests a lean operation, but the negative equity is a concern. The accounts are unaudited, which is standard for small companies, and there is no auditor listed.

The company’s recent activity suggests it’s trying to expand its product offerings, particularly in the car accessories market. Whether this will be enough to turn the financial situation around remains to be seen, but for now, Modorwy Ltd is a small e-commerce business navigating the early stages of growth.

Registered in England/Wales under the registration number 14824777, with a registered address at RM17 5AZ, England, Grays, 38 Wallace Road.

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