UK Companies House feature
MODERN NETWORKS LIMITED
Cash
£3M
+47.9% vs 2020
Net assets
£4M
+66.3% vs 2020
Employees
96
+11.6% vs 2020
Profit before tax
£3M
+44.6% vs 2020
Profile
- Company number
- 03881576
- Status
- Active
- Incorporation
- 1999-11-22
- Last accounts made up
- 2025-03-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2021-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2021-03-31 |
|---|---|---|---|---|
| Turnover | — | £9,948,066 | £13,192,059 | |
| Operating profit | — | £1,728,965 | £2,505,210 | |
| Profit before tax | — | £1,732,724 | £2,505,319 | |
| Net profit | — | £1,422,535 | £2,083,537 | |
| Cash | £1,215,429 | £1,786,177 | £2,642,239 | |
| Total assets less current liabilities | — | £2,340,339 | £3,810,807 | |
| Net assets | — | £2,164,771 | £3,598,956 | |
| Equity | — | £2,164,771 | £3,598,956 | |
| Average employees | — | 86 | 96 | |
| Wages | — | £2,688,124 | £3,507,454 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The detailed projections, the letter of support received, and the assessment of the group's financial position, demonstrate the company has adequate resources to continue in operational existence for the period of at least 12 months from the date of the approval of these financial statements.”
Significant events
- “On 31 July 2025 a charge was registered at Companies House in favour of Elm Corporate Credit in connection with the refinancing of the group. The charge is secured over the company's assets.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOODING, Duncan Charles | Director | 2024-11-13 | Dec 1971 | British |
| HENNESSY, Gordon Brandon Douglas | Director | 2025-10-28 | Jun 1972 | British |
| SUMNER, James Robert | Director | 2025-03-28 | Feb 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| REEVE, Sally Marianne | Secretary | 2000-01-18 | 2021-04-01 |
| THE CONTRACTORS ACCOUNTANT LIMITED | Corporate Secretary | 1999-11-22 | 2001-10-12 |
| BROWNING, Allen John, Mr. | Director | 2024-01-30 | 2024-07-05 |
| KELLY, Ian Philip | Director | 2024-06-17 | 2025-03-19 |
| REEVE, Matthew Charles | Director | 2000-01-18 | 2025-09-30 |
| REEVE, Sally Marianne | Director | 2007-04-01 | 2021-04-01 |
| SANDHAM, Nikki | Director | 2018-11-22 | 2024-01-30 |
| TIZZARD, James Andrew | Director | 2007-04-01 | 2025-03-28 |
| VAN LELYVELD, Michelle, Ms. | Director | 2024-01-30 | 2025-03-28 |
| VAN LELYVELD, Michelle, Ms. | Director | 2017-05-12 | 2019-10-01 |
| SQL LIMITED | Corporate Nominee Director | 1999-11-22 | 2000-11-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Westgate Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-01 | Active |
| Mrs Sally Marianne Reeve | Individual | Shares 25–50%, Voting 25–50% | 2017-02-01 | Ceased 2021-04-01 |
| Mr Matthew Charles Reeve | Individual | Shares 50–75%, Voting 25–50% | 2016-04-06 | Ceased 2021-04-01 |
| Masa Capital Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-02-01 |
Filing timeline
Last 20 of 135 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-04 | AA | accounts | accounts with accounts type full |
| 2025-11-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-11-13 | AP01 | officers | appoint person director company with name date |
| 2025-09-30 | TM01 | officers | termination director company with name termination date |
| 2025-07-30 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-04-04 | AA | accounts | accounts with accounts type full |
| 2025-04-02 | AP01 | officers | appoint person director company with name date |
| 2025-04-02 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-04-01 | TM01 | officers | termination director company with name termination date |
| 2025-04-01 | TM01 | officers | termination director company with name termination date |
| 2025-04-01 | TM01 | officers | termination director company with name termination date |
| 2024-12-12 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-12 | AP01 | officers | appoint person director company with name date |
| 2024-09-03 | RP04TM01 | officers | second filing of director termination with name |
| 2024-08-16 | AP01 | officers | appoint person director company with name date |
| 2024-08-14 | TM01 | officers | termination director company with name termination date |
| 2024-02-02 | TM01 | officers | termination director company with name termination date |
| 2024-02-01 | AP01 | officers | appoint person director company with name date |
| 2024-02-01 | AP01 | officers | appoint person director company with name date |
| 2023-12-18 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ (private-firm) · reference 2021-03-31
4.72
SAFE
Altman Z″
- Working capital / Total assets 0.306 × 6.56 = +2.01
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.291 × 6.72 = +1.96
- Book equity / Total liabilities 0.720 × 1.05 = +0.76
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory