Modula Electrical Ltd

Modula Electrical Ltd, based in Derby, UK, is a small, holding company with an active status. Founded three years ago in December 2021, it employs just one person and holds £16,371 in assets. The company has a real address and is overseen by one director and two owners, boasting a perfect 5.0 Google rating from three reviews. It’s an irregular importer, primarily dealing with copper and copper products, with the last import operation recorded just one month ago in February 2024.

The company’s website highlights its specialization in modular wiring systems for data centres, advanced tech facilities, and critical environments. It positions itself as a provider of pre-wired, pre-tested electrical components that streamline the construction process, offering significant time and cost savings. The site emphasizes offsite assembly, quality control, and BIM integration, catering to engineers, contractors, and investors seeking efficient and reliable electrical solutions. It also features testimonials from satisfied clients in the engineering and construction sectors, reinforcing its reputation for excellence.

Financially, Modula Electrical Ltd presents a mixed picture. While bank borrowings remained stable at £21,000, cash reserves increased by a significant 170% to £3,100. However, net assets decreased by 220% to -£4,700, and net current assets plummeted 1200% to £16,000. Creditors remained consistent at £21,000, but trade debtors held steady at £13,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in equity is a cause for concern. With no auditor mentioned, the figures are unaudited.

Overall, Modula Electrical Ltd appears to be navigating a period of transition. While its innovative modular wiring solutions are gaining traction, the financial results suggest a need for careful management and a focus on improving profitability. It's a small business with potential, but it's facing some challenges.

Registered in England/Wales under the registration number 13790596, with a registered address at DE24 8UJ, England, Derby, Unit 30 Longbridge Lane.

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