modis europe limited
modis europe limited Company Information
Company Number
02014344
Next Accounts
Sep 2025
Shareholders
modis international ltd
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
10 bishops square, london, E1 6EG
Website
www.modis.co.ukmodis europe limited Estimated Valuation
Pomanda estimates the enterprise value of MODIS EUROPE LIMITED at £2.4m based on a Turnover of £9.9m and 0.25x industry multiple (adjusted for size and gross margin).
modis europe limited Estimated Valuation
Pomanda estimates the enterprise value of MODIS EUROPE LIMITED at £0 based on an EBITDA of £-580k and a 3.82x industry multiple (adjusted for size and gross margin).
modis europe limited Estimated Valuation
Pomanda estimates the enterprise value of MODIS EUROPE LIMITED at £4.6m based on Net Assets of £3m and 1.56x industry multiple (adjusted for liquidity).
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Modis Europe Limited Overview
Modis Europe Limited is a live company located in london, E1 6EG with a Companies House number of 02014344. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in April 1986, it's largest shareholder is modis international ltd with a 100% stake. Modis Europe Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.9m with low growth in recent years.
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Modis Europe Limited Health Check
Pomanda's financial health check has awarded Modis Europe Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £9.9m, make it smaller than the average company (£16.5m)
£9.9m - Modis Europe Limited
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6%)
1% - Modis Europe Limited
6% - Industry AVG
Production
with a gross margin of 21%, this company has a comparable cost of product (18.5%)
21% - Modis Europe Limited
18.5% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (2.6%)
-5.9% - Modis Europe Limited
2.6% - Industry AVG
Employees
with 26 employees, this is below the industry average (56)
26 - Modis Europe Limited
56 - Industry AVG
Pay Structure
on an average salary of £67.8k, the company has a higher pay structure (£52.6k)
£67.8k - Modis Europe Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £379.3k, this is more efficient (£244.8k)
£379.3k - Modis Europe Limited
£244.8k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (46 days)
60 days - Modis Europe Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is slower than average (4 days)
13 days - Modis Europe Limited
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Modis Europe Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (6 weeks)
35 weeks - Modis Europe Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.7%, this is a lower level of debt than the average (71.2%)
30.7% - Modis Europe Limited
71.2% - Industry AVG
MODIS EUROPE LIMITED financials
Modis Europe Limited's latest turnover from December 2023 is £9.9 million and the company has net assets of £3 million. According to their latest financial statements, Modis Europe Limited has 26 employees and maintains cash reserves of £903 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,862,000 | 10,367,000 | 7,088,000 | 9,463,000 | 8,436,000 | 9,992,000 | 9,300,000 | 12,293,000 | 12,159,000 | 15,438,000 | 20,638,000 | 18,164,000 | 18,653,000 | 30,456,000 | 40,774,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 7,791,000 | 8,122,000 | 5,351,000 | 7,596,000 | 5,708,000 | 7,084,000 | 6,766,000 | 9,584,000 | 9,343,000 | 11,765,000 | 15,793,000 | 13,736,000 | 13,870,000 | 22,550,000 | 31,751,000 |
| Gross Profit | 2,071,000 | 2,245,000 | 1,737,000 | 1,867,000 | 2,728,000 | 2,908,000 | 2,534,000 | 2,709,000 | 2,816,000 | 3,673,000 | 4,845,000 | 4,428,000 | 4,783,000 | 7,906,000 | 9,023,000 |
| Admin Expenses | 2,651,000 | 1,836,000 | 1,901,000 | 2,903,000 | 3,919,000 | 2,820,000 | 2,190,000 | 1,778,000 | 2,235,000 | 3,242,000 | 3,417,000 | 1,866,000 | 5,657,000 | 4,318,000 | 5,215,000 |
| Operating Profit | -580,000 | 409,000 | -164,000 | -1,036,000 | -1,191,000 | 88,000 | 344,000 | 931,000 | 581,000 | 431,000 | 1,428,000 | 2,562,000 | -874,000 | 3,588,000 | 3,808,000 |
| Interest Payable | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||
| Interest Receivable | 4,000 | 36,000 | |||||||||||||
| Pre-Tax Profit | -580,000 | 408,000 | -165,000 | -1,037,000 | -1,192,000 | 88,000 | 344,000 | 931,000 | 581,000 | 336,000 | 4,051,000 | 2,566,000 | -874,000 | 14,517,000 | 3,808,000 |
| Tax | 7,000 | 9,000 | -68,000 | -6,000 | 2,000 | -4,000 | 33,000 | -1,000 | 114,000 | -1,012,000 | -7,000 | -3,000 | -112,000 | 443,000 | -1,042,000 |
| Profit After Tax | -573,000 | 417,000 | -233,000 | -1,043,000 | -1,190,000 | 84,000 | 377,000 | 930,000 | 695,000 | -676,000 | 4,044,000 | 2,563,000 | -986,000 | 14,960,000 | 2,766,000 |
| Dividends Paid | 38,000,000 | ||||||||||||||
| Retained Profit | -573,000 | 417,000 | -233,000 | -1,043,000 | -1,190,000 | -37,916,000 | 377,000 | 930,000 | 695,000 | -676,000 | 4,044,000 | 2,563,000 | -986,000 | 14,960,000 | 2,766,000 |
| Employee Costs | 1,762,000 | 1,071,000 | 528,000 | 1,648,000 | 1,920,000 | 1,786,000 | 1,186,000 | 1,243,000 | 748,000 | 1,104,000 | 1,309,000 | 1,462,000 | 2,773,000 | 659,000 | 1,094,000 |
| Number Of Employees | 26 | 15 | 6 | 23 | 34 | 26 | 19 | 20 | 8 | 10 | 16 | 25 | 28 | 29 | 50 |
| EBITDA* | -580,000 | 409,000 | -164,000 | -1,036,000 | -1,157,000 | 114,000 | 346,000 | 934,000 | 583,000 | 434,000 | 1,432,000 | 2,572,000 | -838,000 | 3,631,000 | 46,056,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,000 | 2,000 | 2,000 | 8,000 | 11,000 | 13,000 | 16,000 | 18,000 | 21,000 | 7,000 | 13,000 | 11,000 | 64,000 | ||
| Intangible Assets | |||||||||||||||
| Investments & Other | 713,000 | 713,000 | 713,000 | 713,000 | |||||||||||
| Debtors (Due After 1 year) | 5,000 | 5,000 | 7,000 | 8,000 | 32,000 | 26,000 | 16,000 | 21,000 | 32,000 | 27,000 | 33,000 | ||||
| Total Fixed Assets | 15,000 | 7,000 | 9,000 | 16,000 | 43,000 | 39,000 | 32,000 | 39,000 | 53,000 | 747,000 | 759,000 | 724,000 | 777,000 | ||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 1,642,000 | 2,303,000 | 1,373,000 | 655,000 | 1,278,000 | 1,612,000 | 2,116,000 | 3,757,000 | 2,740,000 | 3,553,000 | 3,245,000 | 2,782,000 | 4,544,000 | 6,568,000 | 7,260,000 |
| Group Debtors | 1,290,000 | 3,984,000 | 2,463,000 | 9,389,000 | 44,193,000 | 39,207,000 | 39,652,000 | 41,271,000 | 40,292,000 | 38,776,000 | 40,236,000 | 25,049,000 | 25,890,000 | 21,927,000 | |
| Misc Debtors | 436,000 | 701,000 | 661,000 | 471,000 | 368,000 | 612,000 | 770,000 | 936,000 | 1,814,000 | 1,074,000 | 657,000 | 538,000 | 942,000 | 1,925,000 | 3,027,000 |
| Cash | 903,000 | 702,000 | 674,000 | 4,146,000 | 2,813,000 | 6,206,000 | 3,389,000 | 1,640,000 | 789,000 | 1,502,000 | 2,451,000 | 14,101,000 | 5,140,000 | 6,234,000 | 16,914,000 |
| misc current assets | |||||||||||||||
| total current assets | 4,271,000 | 7,690,000 | 5,171,000 | 14,661,000 | 48,652,000 | 47,637,000 | 45,927,000 | 47,604,000 | 45,635,000 | 44,905,000 | 46,589,000 | 42,470,000 | 36,516,000 | 36,654,000 | 27,201,000 |
| total assets | 4,286,000 | 7,697,000 | 5,171,000 | 14,661,000 | 48,661,000 | 47,653,000 | 45,970,000 | 47,643,000 | 45,667,000 | 44,944,000 | 46,642,000 | 43,217,000 | 37,275,000 | 37,378,000 | 27,978,000 |
| Bank overdraft | 35,000 | 95,000 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 292,000 | 11,000 | 45,000 | 121,000 | 232,000 | 136,000 | 224,000 | 39,000 | 254,000 | 111,000 | 186,000 | 164,000 | 450,000 | 1,745,000 | 1,640,000 |
| Group/Directors Accounts | 308,000 | 3,299,000 | 1,336,000 | 10,556,000 | 48,756,000 | 46,558,000 | 6,704,000 | 8,913,000 | 7,607,000 | 6,626,000 | 8,444,000 | 8,050,000 | 3,900,000 | 304,000 | 3,532,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 716,000 | 844,000 | 664,000 | 625,000 | 271,000 | 367,000 | 534,000 | 560,000 | 605,000 | 1,666,000 | 830,000 | 1,842,000 | 2,233,000 | 3,768,000 | 4,526,000 |
| total current liabilities | 1,316,000 | 4,154,000 | 2,045,000 | 11,302,000 | 49,259,000 | 47,061,000 | 7,462,000 | 9,512,000 | 8,466,000 | 8,438,000 | 9,460,000 | 10,056,000 | 6,583,000 | 5,817,000 | 9,793,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 23,000 | 117,000 | 1,584,000 | ||||||||||||
| total long term liabilities | 23,000 | 117,000 | 1,584,000 | ||||||||||||
| total liabilities | 1,316,000 | 4,154,000 | 2,045,000 | 11,302,000 | 49,259,000 | 47,061,000 | 7,462,000 | 9,512,000 | 8,466,000 | 8,438,000 | 9,460,000 | 10,079,000 | 6,700,000 | 5,817,000 | 11,377,000 |
| net assets | 2,970,000 | 3,543,000 | 3,126,000 | 3,359,000 | -598,000 | 592,000 | 38,508,000 | 38,131,000 | 37,201,000 | 36,506,000 | 37,182,000 | 33,138,000 | 30,575,000 | 31,561,000 | 16,601,000 |
| total shareholders funds | 2,970,000 | 3,543,000 | 3,126,000 | 3,359,000 | -598,000 | 592,000 | 38,508,000 | 38,131,000 | 37,201,000 | 36,506,000 | 37,182,000 | 33,138,000 | 30,575,000 | 31,561,000 | 16,601,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -580,000 | 409,000 | -164,000 | -1,036,000 | -1,191,000 | 88,000 | 344,000 | 931,000 | 581,000 | 431,000 | 1,428,000 | 2,562,000 | -874,000 | 3,588,000 | 3,808,000 |
| Depreciation | 34,000 | 26,000 | 2,000 | 3,000 | 2,000 | 3,000 | 4,000 | 10,000 | 36,000 | 43,000 | 42,248,000 | ||||
| Amortisation | |||||||||||||||
| Tax | 7,000 | 9,000 | -68,000 | -6,000 | 2,000 | -4,000 | 33,000 | -1,000 | 114,000 | -1,012,000 | -7,000 | -3,000 | -112,000 | 443,000 | -1,042,000 |
| Stock | |||||||||||||||
| Debtors | -3,620,000 | 2,496,000 | -6,018,000 | -35,331,000 | 4,407,000 | -1,131,000 | -3,420,000 | 1,128,000 | 1,438,000 | -746,000 | 15,774,000 | -3,013,000 | 989,000 | 30,420,000 | 10,287,000 |
| Creditors | 281,000 | -34,000 | -76,000 | -111,000 | 96,000 | -88,000 | 185,000 | -215,000 | 143,000 | -75,000 | 22,000 | -286,000 | -1,295,000 | 1,745,000 | 1,640,000 |
| Accruals and Deferred Income | -128,000 | 180,000 | 39,000 | 354,000 | -96,000 | -167,000 | -26,000 | -45,000 | -1,061,000 | 836,000 | -1,012,000 | -391,000 | -1,535,000 | 3,768,000 | 4,526,000 |
| Deferred Taxes & Provisions | -23,000 | -94,000 | 117,000 | 1,584,000 | |||||||||||
| Cash flow from operations | 3,200,000 | -1,932,000 | 5,749,000 | 34,532,000 | -5,562,000 | 986,000 | 3,958,000 | -455,000 | -1,659,000 | 929,000 | -15,362,000 | 4,811,000 | -4,652,000 | -20,833,000 | 42,477,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -713,000 | 713,000 | 713,000 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -2,991,000 | 1,963,000 | -9,220,000 | -38,200,000 | 2,198,000 | 39,854,000 | -2,209,000 | 1,306,000 | 981,000 | -1,818,000 | 394,000 | 4,150,000 | 3,596,000 | 304,000 | 3,532,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -1,000 | -1,000 | -1,000 | -1,000 | 4,000 | 35,000 | |||||||||
| cash flow from financing | -2,991,000 | 1,962,000 | -9,221,000 | -33,201,000 | 2,197,000 | 39,854,000 | -2,209,000 | 1,306,000 | 981,000 | -1,818,000 | 394,000 | 4,154,000 | 3,596,000 | 16,940,000 | 17,367,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 201,000 | 28,000 | -3,472,000 | 1,333,000 | -3,393,000 | 2,817,000 | 1,749,000 | 851,000 | -713,000 | -949,000 | -11,650,000 | 8,961,000 | -1,094,000 | 6,234,000 | 16,914,000 |
| overdraft | -35,000 | 35,000 | 95,000 | ||||||||||||
| change in cash | 201,000 | 28,000 | -3,472,000 | 1,333,000 | -3,393,000 | 2,817,000 | 1,749,000 | 851,000 | -678,000 | -984,000 | -11,650,000 | 8,961,000 | -1,094,000 | 6,234,000 | 16,819,000 |
modis europe limited Credit Report and Business Information
Modis Europe Limited Competitor Analysis
Perform a competitor analysis for modis europe limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in E 1 area or any other competitors across 12 key performance metrics.
modis europe limited Ownership
MODIS EUROPE LIMITED group structure
Modis Europe Limited has no subsidiary companies.
Ultimate parent company
AKKODIS AG
#0149428
2 parents
MODIS EUROPE LIMITED
02014344
modis europe limited directors
Modis Europe Limited currently has 2 directors. The longest serving directors include Mr Fabrice Boyer (Nov 2023) and Mr Nicholas De La Grense (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fabrice Boyer | England | 49 years | Nov 2023 | - | Director |
| Mr Nicholas De La Grense | England | 39 years | Jun 2024 | - | Director |
P&L
December 2023turnover
9.9m
-5%
operating profit
-580k
-242%
gross margin
21%
-3.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3m
-0.16%
total assets
4.3m
-0.44%
cash
903k
+0.29%
net assets
Total assets minus all liabilities
modis europe limited company details
company number
02014344
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
April 1986
age
39
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
hunterskil howard international limited (December 1999)
howard organisation (international) limited (March 1996)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
10 bishops square, london, E1 6EG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
modis europe limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 5 charges/mortgages relating to modis europe limited. Currently there are 0 open charges and 5 have been satisfied in the past.
modis europe limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MODIS EUROPE LIMITED. This can take several minutes, an email will notify you when this has completed.
modis europe limited Companies House Filings - See Documents
| date | description | view/download |
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