Modutti Ltd

Modutti Ltd from Paisley UK: a small, active company founded five years ago, boasts a single employee and operates from a virtual address. It's a solo founder venture led by one director and owner. The company’s registration address is PA1 1JS, Scotland, Paisley, Renfrewshire, Mckellar Accountancy, Unit Studio 2001 Mile End Mill, Abbey Mill Business Centre Ltd, 12 Seedhill Road, but the address is probably virtual as fifty seven companies registered at the same address. Its status is active, and it operates in the retail sale via mail order houses or via internet industries.

The company’s website, modutti.co.uk, appears to be non-functional, offering no insight into its operations. There’s no visible e-commerce presence, blog, or product listings. It’s unclear if the site is under construction, abandoned, or simply not a primary focus of the business. The lack of an active website makes it difficult to assess the company’s current activities and target market.

Financially, Modutti Ltd’s recent performance paints a concerning picture. While the company is small, meeting two of three conditions for a small company, the numbers show a significant downturn. Cash reserves have vanished, dropping 100% to zero, and current assets have also plummeted 100% to zero. Net assets and liabilities are both at -£4,300. Creditors remain steady at £4,300. The company’s average number of employees during the period also decreased by 100%, from 1 to 0. It’s worth noting that the accounts are unaudited and exempt, relying on director-reported data. The company’s director, Clark Wendy Jane, also appears to be the sole signatory for financial statements.

The sharp decline in cash and assets, combined with the lack of an active website, suggests Modutti Ltd is struggling. While the company’s small size offers some flexibility, the negative equity and lack of employee activity raise serious questions about its long-term viability.

Registered in Scotland under the registration number SC653431, with a registered address at PA1 1JS, Scotland, Paisley, Renfrewshire, Mckellar Accountancy, Unit Studio 2001 Mile End Mill, Abbey Mill Business Centre Ltd, 12 Seedhill Road.

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