Modus Workspace Limited

Modus Workspace Ltd from London UK: a large company, holding company, active status, founded 16 years ago, employing 82 people, and holding £31,606,438 in assets. Yearly revenue reached £83,839,891, operating from a real address with six directors and one owner. Google users rate it 4.0 based on 23 reviews, and it’s a regular importer of glass and glassware, having imported for five months.

The company operates in the other service activities n.e.c. industries, providing office refurbishment services in London. It’s a private limited company, and its website, while not providing detailed e-commerce functionality, showcases its expertise in designing and building workspaces. It’s a tight-knit operation, with a focus on delivering bespoke solutions for clients.

Financially, Modus Workspace Ltd demonstrates a mixed picture. While revenue increased by a substantial 31%, to £84 million, there are some concerning trends. Net assets decreased by 21%, to £9.1 million, and cash reserves fell by 9.8%, to £12 million. Bank borrowings increased by a significant 43%, reaching £8.2 million, and trade debtors rose by 23%, suggesting potential payment delays. Despite these challenges, creditors decreased by 18%, which is a positive sign. The company’s size (meeting two of three criteria for a large company) allows for flexibility, but the equity decline warrants attention. The accounts are unaudited, and no auditor is mentioned.

Overall, Modus Workspace Ltd is navigating a period of change. While revenue growth is encouraging, the company needs to address its declining equity and manage its debt effectively to ensure long-term financial health.

Registered in England/Wales under the registration number 06839982, with a registered address at SW1P 1PH, London, Gordon House, Greencoat Place.

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