Modplan Limited

Modplan Ltd, based in Abercarn, UK, is a sizable company operating as a holding company with an active status. Established 41 years ago in 1984, it employs 256 people and holds assets valued at £6,136,151. The company has a real address, is managed by three directors, and is owned by one individual. It maintains a 3.0 Google rating based on 17 reviews and regularly exports glass and glassware, with 45 months of export activity recorded.

Modplan Ltd functions as a Veka fabricator, specializing in the manufacture and supply of windows, doors, and conservatories. Its website showcases a comprehensive range of products, including casement windows, tilt-turn systems, flush sash windows, and composite doors, catering to both domestic and commercial clients. The company also offers bespoke conservatory styles and even provides a range of LEKA products, including warm roofs and garden rooms. The website emphasizes its 50 years of experience and positions Modplan as a reliable trade fabricator.

Financially, Modplan Ltd’s recent performance shows some concerning trends. While cash reserves increased by a substantial 200%, reaching £1.8 million, net assets only rose slightly to £4.5 million. Bank borrowings were reduced by 41%, down to £210,000, which is a positive sign. However, net profit plummeted by 81%, falling to just £140,000—a significant decline. Creditors increased by 35%, and staff costs decreased slightly, suggesting a possible effort to control expenses. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the profit drop warrants further investigation. The financial statements are unaudited, and no auditor is mentioned.

Overall, Modplan Ltd appears to be navigating a period of change. While it maintains a strong market position and a wide product range, the reduced profitability suggests challenges. It's likely that the company is adapting to changing market conditions or facing increased competition.

Registered in England/Wales under the registration number 01802513, with a registered address at NP11 4SB, Abercarn, Gwent, Imperial Buildings, Bridge Street West End.

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