The Modular Heating Group Limited

The Modular Heating Group Limited, based in Basildon, UK, is a small, holding company with an active status. Established 37 years ago in 1987, it employs just two people and operates from a real address shared by three other companies. With four directors and one owner, the company focuses on importing machinery, boilers, and mechanical appliances—parts—regularly, and exports iron or steel products.

The company’s activities center around commercial heating solutions, with three distinct brands: Modutherm, MHS Radiators, and Rads 2 Rails. Modutherm offers efficient heating solutions, MHS Radiators provides designer radiators, and Rads 2 Rails focuses on affordable radiators for everyday projects. The Modular Heating Group also owns Modutherm Limited and MHS Radiators Limited. The company’s history stretches back to 1980, and it has previously been known as The Modular Heating Group Plc, Modular Heating Sales 1988 Limited, and Uxford Limited.

Financially, The Modular Heating Group Limited shows a mixed picture. Cash reserves have increased significantly, jumping 140% to £22,000, a positive sign. However, creditors have decreased by 17% to £190,000, and debtors have plummeted 73% to £55,000. Equity has taken a hit, with total equity dropping 100% to -£89,000—a substantial decline. Bank borrowings are also at £29,000. The company meets the criteria for a small company, with a turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees. The accounts are unaudited, and no auditor is mentioned. The company’s description of its principal activities is “recharge of head office costs.”

While the company’s cash position has improved, the significant decrease in equity and the increase in bank borrowings suggest it’s facing financial pressures. The directors have decided not to deliver a copy of the company’s profit and loss account, and the accounts are exempt from audit under section 477 of the Companies Act 2006. It's a bit unclear how the company is managing its finances, but it seems to be holding steady.

Registered in England/Wales under the registration number 02202506, with a registered address at SS14 3WF, Basildon, Essex, Unit 4 Genesis, Endeavour Drive.

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