MODIS INTERNATIONAL LIMITED

1. MODIS INTERNATIONAL LIMITED 1999-06-24 → present
2. HUNTERSKIL HOWARD LIMITED 1999-06-21 → 1999-06-24
3. THE HUNTERSKIL HOWARD GROUP PLC 1994-05-16 → 1995-07-31
4. THE HUNTERSKIL GROUP PLC 1985-10-28 → 1994-05-16
5. LEXRACE LIMITED 1982-03-29 → 1985-10-28

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The parent company had net current liabilities of £8,174,000 as at 31 December 2024, which may indicate a potential liquidity risk at the individual entity level. However, the consolidated financial statements of the group show net current liabilities of £5,517,000 reflecting a stronger overall financial position. The Directors have assessed the financial position of both the parent company and the Group, including expected cash flows, intra-group support arrangements, and access to financing. Based on this assessment, the Directors believe that the parent company and the group have adequate resources to continue in operational existence for the foreseeable future. The Group obtained a letter of support from Adecco Group AG, its ultimate parent company which consists of unconditional financial support to the Group for the period of 18 months from the date of approval of its financial statements. Based on these assumptions, the Directors have no reason to believe that a material uncertainty exists that may cause significant doubt on the group's and company's ability to continue as a going concern or its ability to fulfil its financial obligations. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. MODIS INTERNATIONAL LIMITED · parent
   1. Akkodis UK Limited 100% · England and Wales · Staff recruitment
   2. Modis Europe Limited 100% · England and Wales · Staff recruitment

Significant events

• “After year end, it was identified that from the period 2019 to 2023, tax losses were surrendered under group relief for nil consideration, which did not comply with the Companies Act requirements. Following legal advice, the Directors intend to implement a payment arrangement to remedy this. As part of this arrangement, an intercompany receivable of £0 3m will be recognised, representing the fair value of the cumulative losses surrendered. This remedy will be reflected in the 2025 financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.6%

  £89,016,000 → £92,258,000

• Cash

  -38.5%

  £1,048,000 → £645,000

• Net assets

  -271%

  £2,728,000 → -£4,666,000

• Employees

  +1.3%

  152 → 154

• Operating profit

  +9.7%

  £3,046,000 → £3,340,000

• Profit before tax

  +14.1%

  £3,035,000 → £3,462,000

• Wages

  -9.7%

  £13,427,000 → £12,118,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers