Modulus Technology Limited

Modulus Technology Ltd, based in Great Yarmouth, UK, is a small, holding company with an active status. Founded nine years ago in 2016, it employs just two people and holds assets totaling £260,802. The company operates from a real address, is overseen by two directors, and is owned by one individual. It’s a regular importer and exporter, focusing on optical and medical tools and devices, with 10 months of import activity and 12 months of export activity recorded.

The company’s website, while not providing detailed information, suggests a focus on electronic measuring and testing equipment, specifically excluding industrial process control applications. It’s unclear if the company operates an e-commerce site or provides services directly, but the focus on specialized equipment indicates a B2B model.

Financially, Modulus Technology Ltd presents a mixed picture. Current assets increased by 2.4% to £260,000, while net assets decreased by 2.8% to £280,000. Bank borrowings remained relatively stable, and cash reserves decreased by 35% to £6,700. Trade debtors increased by 4%, suggesting potentially delayed customer payments, while creditors remained consistent. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decline in equity warrants closer scrutiny. The lack of an auditor mentioned likely stems from its status as a small company, meaning the figures are unaudited.

The increase in other creditors by 350% is a notable trend, and the decrease in other debtors by 100% is a bit concerning. It’s possible these fluctuations are related to specific transactions or supplier agreements, but further investigation would be needed to determine the underlying causes. The company’s focus on niche equipment and its active import/export operations suggest it's navigating a competitive market, and its financial health will depend on its ability to maintain a steady flow of orders and manage its working capital effectively.

Registered in England/Wales under the registration number 10009215, with a registered address at NR31 0NB, United Kingdom, Great Yarmouth, Marine House Marine Park, Gapton Hall Road.

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