Modus Furniture Limited

Modus Furniture Ltd from Taunton UK is a small, holding company with an active status, having been founded 24 years ago in 2000. The company employs 77 people and operates from a virtual address, a detail that's a bit odd considering 584 companies are registered at the same location. Five directors and one owner guide the business, which has been importing and exporting furniture, lighting, and prefabricated buildings for a considerable time – 115 months of imports and 216 months of exports.

The company's website showcases a range of furniture, from sofas and chairs to tables and storage solutions, all designed with a focus on sustainability and British craftsmanship. It's clear they're targeting a design-conscious market, with sections dedicated to projects, resources, and a detailed explanation of their material intelligence and design understanding. They even have a quickship collection for those needing furniture fast. The site is well-designed and professional, with a clear emphasis on quality and aesthetics.

Financially, Modus Furniture Ltd's report reveals some interesting trends. Accumulated depreciation on plant and machinery has increased by 14%, which suggests ongoing investment in their Somerset factory. However, cash bank on hand has decreased by 27%, indicating a possible need to manage cash flow more carefully. Trade debtors have fallen by 44%, which could be a positive sign of better payment collection. While net assets have decreased by 24%, the company’s turnover has increased by 30% to £1.4 million. The company’s creditors have also increased by 23%, which may be due to increased stock levels. With a small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the business remains agile. No auditor is mentioned, which is common for small companies.

Overall, Modus Furniture Ltd appears to be a well-established business navigating the challenges of a competitive market. The company’s focus on sustainability and design, combined with its strong export record, positions it for continued success—though careful management of cash flow will be key.

Registered in England/Wales under the registration number 04105887, with a registered address at TA1 2PX, United Kingdom, Taunton, Somerset, Goodwood House, Blackbrook Park Avenue.

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