Modular Movements Ltd

Modular Movements Ltd, based in Scunthorpe, UK, is a small holding company with an active status, established ten years ago. Employing just five people, the company holds £5,049,225 in assets and operates from a real address. It’s overseen by five directors and has one owner, boasting a 3.0 Google rating from ten reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with its last import operation occurring three months ago in June 2022.

The company’s website paints a picture of a specialist logistics provider, offering services like project management, modular building transport, road traffic closures, and even lifting services. They emphasize a management team with 60 years of combined experience and operate a "modern and versatile fleet" across the UK and Europe. The website highlights a focus on turnkey solutions and boasts a dedicated account handler system to assist clients.

Financially, Modular Movements Ltd presents a mixed picture. While cash bank on hand increased significantly by 130%, reaching £210,000, current assets saw a slight decline of 2.9%, settling at £5,000,000. Debtor amounts decreased by 5.4%, while creditors saw a substantial rise of 3.9%, reaching £3,200,000. Director remuneration remained steady at £20,000. Future lease payments are expected to increase substantially, with payments within the next year expected to be £1,000,000. Bank borrowings also increased by 40%, reaching £1,300,000. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the rise in debt could present challenges. No auditor is mentioned, which is common for smaller companies. The increase in payments to related parties, up 27%, may indicate a growing reliance on external resources or a shift in operational strategy.

Registered in England/Wales under the registration number 09093879, with a registered address at DN17 2TX, Scunthorpe, South Humberside, 44 Newdown Road.

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