Modern Drives & Controls Limited

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modern drives & controls limited Company Information

Company Number

02542759

Next Accounts

Aug 2025

Directors

Stephen Hand

Richard Hand

Shareholders

mr stephen hand

Group Structure

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Industry

Manufacture of other electrical equipment

Registered Address

unit 5 barrington park industria, estate leycroft road, beaumont leys, leicester, LE4 1ET

Website

www.moderndrives.co.uk

modern drives & controls limited Estimated Valuation

£531.5k

Pomanda estimates the enterprise value of MODERN DRIVES & CONTROLS LIMITED at £531.5k based on Net Assets of £264.8k and 2.01x industry multiple (adjusted for liquidity).

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Modern Drives & Controls Limited is a live company located in beaumont leys, LE4 1ET with a Companies House number of 02542759. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in September 1990, it's largest shareholder is mr stephen hand with a 100% stake. Modern Drives & Controls Limited is a mature, small sized company, Pomanda has estimated its turnover at £714.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Modern Drives & Controls Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £714.2k, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.9%)

EXPORT

Modern Drives & Controls Limited's latest turnover from November 2023 is estimated at £714.2 thousand and the company has net assets of £264.8 thousand. According to their latest financial statements, Modern Drives & Controls Limited has 8 employees and maintains cash reserves of £119.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	714,161	712,166	677,359	745,335	673,776	742,486	2,066,658	986,554	836,063	860,998	859,275	920,000	932,697	712,705
Other Income Or Grants
Cost Of Sales	466,101	467,286	450,287	495,133	455,409	498,329	1,322,533	624,485	545,910	580,593	578,720	609,843	603,621	457,791
Gross Profit	248,060	244,880	227,072	250,202	218,367	244,157	744,125	362,070	290,154	280,405	280,555	310,158	329,075	254,914
Admin Expenses	249,990	237,288	226,500	241,113	214,887	237,039	730,188	344,935	281,715	256,918	253,259	273,031	268,737	235,606	-18,145
Operating Profit	-1,930	7,592	572	9,089	3,480	7,118	13,937	17,135	8,439	23,487	27,296	37,127	60,338	19,308	18,145
Interest Payable
Interest Receivable	7,242	4,732	183	182	1,208	621	241	224	422	339	222	156	142	124	40
Pre-Tax Profit	5,312	12,325	756	9,272	4,688	7,740	14,178	17,359	8,861	23,825	27,518	37,283	60,480	19,432	18,185
Tax	-1,328	-2,342	-144	-1,762	-891	-1,471	-2,694	-3,472	-1,772	-5,003	-6,329	-8,948	-15,725	-5,441	-5,092
Profit After Tax	3,984	9,983	612	7,510	3,797	6,269	11,484	13,887	7,089	18,822	21,189	28,335	44,755	13,991	13,093
Dividends Paid
Retained Profit	3,984	9,983	612	7,510	3,797	6,269	11,484	13,887	7,089	18,822	21,189	28,335	44,755	13,991	13,093
Employee Costs	389,312	367,286	397,768	339,737	333,103	251,521	649,898	305,231	225,529	218,810	214,100	243,974	239,693	203,119
Number Of Employees	8	8	9	8	8	6	16	8	6	6	6	7	7	6
EBITDA*	902	9,466	2,236	9,843	3,972	8,378	13,937	26,099	20,634	35,027	37,217	45,584	67,712	26,525	26,322

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	5,650	2,726	4,600	3,644	1,466	1,958	1,260	2,739	22,086	29,306	40,846	23,443	26,254	5,718	12,532
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	5,650	2,726	4,600	3,644	1,466	1,958	1,260	2,739	22,086	29,306	40,846	23,443	26,254	5,718	12,532
Stock & work in progress	144,014	138,403	109,250	104,696	109,677	109,003		95,378	101,524	91,009	92,458	111,938	100,155	93,405	79,464
Trade Debtors	88,180	80,768	70,448	78,731	91,538	133,332	456,768	225,625	184,800	179,707	193,439	192,430	198,179	135,721	88,675
Group Debtors
Misc Debtors					9,610
Cash	119,139	156,754	158,736	208,229	156,429	165,688		96,255	82,923	85,965	49,453	39,385	22,975	33,720	15,972
misc current assets						9,108	8,227
total current assets	351,333	375,925	338,434	391,656	367,254	417,131	464,995	417,258	369,247	356,681	335,350	343,753	321,309	262,846	184,111
total assets	356,983	378,651	343,034	395,300	368,720	419,089	466,255	419,997	391,333	385,987	376,196	367,196	347,563	268,564	196,643
Bank overdraft
Bank loan
Trade Creditors	91,511	117,807	91,925	145,079	81,740	180,175	173,115	198,836	180,645	170,765	170,484	198,535	201,468	178,720	119,144
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	91,511	117,807	91,925	145,079	81,740	180,175	173,115	198,836	180,645	170,765	170,484	198,535	201,468	178,720	119,144
loans
hp & lease commitments
Accruals and Deferred Income					44,269		60,495
other liabilities									3,309	14,435	22,594	6,806	12,677	2,760	4,406
provisions	672	28	276						105	602	1,755	1,681	1,579
total long term liabilities	672	28	276		44,269		60,495		3,414	15,037	24,349	8,487	14,256	2,760	4,406
total liabilities	92,183	117,835	92,201	145,079	126,009	180,175	233,610	198,836	184,059	185,802	194,833	207,022	215,724	181,480	123,550
net assets	264,800	260,816	250,833	250,221	242,711	238,914	232,645	221,161	207,274	200,185	181,363	160,174	131,839	87,084	73,093
total shareholders funds	264,800	260,816	250,833	250,221	242,711	238,914	232,645	221,161	207,274	200,185	181,363	160,174	131,839	87,084	73,093

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-1,930	7,592	572	9,089	3,480	7,118	13,937	17,135	8,439	23,487	27,296	37,127	60,338	19,308	18,145
Depreciation	2,832	1,874	1,664	754	492	1,260		8,964	12,195	11,540	9,921	8,457	7,374	7,217	8,177
Amortisation
Tax	-1,328	-2,342	-144	-1,762	-891	-1,471	-2,694	-3,472	-1,772	-5,003	-6,329	-8,948	-15,725	-5,441	-5,092
Stock	5,611	29,153	4,554	-4,981	674	109,003	-95,378	-6,146	10,515	-1,449	-19,480	11,783	6,750	13,941	79,464
Debtors	7,412	10,320	-8,283	-22,417	-32,184	-323,436	231,143	40,825	5,093	-13,732	1,009	-5,749	62,458	47,046	88,675
Creditors	-26,296	25,882	-53,154	63,339	-98,435	7,060	-25,721	18,191	9,880	281	-28,051	-2,933	22,748	59,576	119,144
Accruals and Deferred Income				-44,269	44,269	-60,495	60,495
Deferred Taxes & Provisions	644	-248	276					-105	-497	-1,153	74	102	1,579
Cash flow from operations	-39,101	-6,715	-47,057	54,549	-19,575	167,905	-89,748	6,034	12,637	44,333	21,382	27,771	7,106	19,673	-27,765
Investing Activities
capital expenditure	-5,756		-2,620	-2,932		-1,958	1,479	10,383	-4,975		-27,324	-5,646	-27,910	-403	-20,709
Change in Investments
cash flow from investments	-5,756		-2,620	-2,932		-1,958	1,479	10,383	-4,975		-27,324	-5,646	-27,910	-403	-20,709
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities								-3,309	-11,126	-8,159	15,788	-5,871	9,917	-1,646	4,406
share issue															60,000
interest	7,242	4,732	183	182	1,208	621	241	224	422	339	222	156	142	124	40
cash flow from financing	7,242	4,732	183	182	1,208	621	241	-3,085	-10,704	-7,820	16,010	-5,715	10,059	-1,522	64,446
cash and cash equivalents
cash	-37,615	-1,982	-49,493	51,800	-9,259	165,688	-96,255	13,332	-3,042	36,512	10,068	16,410	-10,745	17,748	15,972
overdraft
change in cash	-37,615	-1,982	-49,493	51,800	-9,259	165,688	-96,255	13,332	-3,042	36,512	10,068	16,410	-10,745	17,748	15,972

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MODERN DRIVES & CONTROLS LIMITED group structure

Modern Drives & Controls Limited has no subsidiary companies.

Ultimate parent company

MODERN DRIVES & CONTROLS LIMITED

02542759

MODERN DRIVES & CONTROLS LIMITED Shareholders

mr stephen hand

100%

Modern Drives & Controls Limited currently has 2 directors. The longest serving directors include Mr Stephen Hand (Sep 1991) and Mr Richard Hand (May 2015).

officer	country	age	start	end	role
Mr Stephen Hand		74 years	Sep 1991	-	Director
Mr Richard Hand		49 years	May 2015	-	Director

P&L

November 2023

turnover

714.2k

operating profit

-1.9k

gross margin

34.8%

+1.02%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2023

net assets

264.8k

+0.02%

total assets

357k

-0.06%

cash

119.1k

-0.24%

net assets

Total assets minus all liabilities

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company number

02542759

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

incorporation date

September 1990

ultimate parent company

None

previous names

vitalmaster limited (October 1990)

address

unit 5 barrington park industria, estate leycroft road, beaumont leys, leicester, LE4 1ET

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 2 charges/mortgages relating to modern drives & controls limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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modern drives & controls limited Company Information

modern drives & controls limited Estimated Valuation

modern drives & controls limited Estimated Valuation

modern drives & controls limited Estimated Valuation

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