modus workspace limited
modus workspace limited Company Information
Company Number
06839982
Next Accounts
Sep 2025
Shareholders
workplace futures group limited
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
gordon house greencoat place, london, SW1P 1PH
Website
www.modusgroup.commodus workspace limited Estimated Valuation
Pomanda estimates the enterprise value of MODUS WORKSPACE LIMITED at £90m based on a Turnover of £83.8m and 1.07x industry multiple (adjusted for size and gross margin).
modus workspace limited Estimated Valuation
Pomanda estimates the enterprise value of MODUS WORKSPACE LIMITED at £3.1m based on an EBITDA of £496.1k and a 6.33x industry multiple (adjusted for size and gross margin).
modus workspace limited Estimated Valuation
Pomanda estimates the enterprise value of MODUS WORKSPACE LIMITED at £20.6m based on Net Assets of £9.1m and 2.27x industry multiple (adjusted for liquidity).
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Modus Workspace Limited Overview
Modus Workspace Limited is a live company located in london, SW1P 1PH with a Companies House number of 06839982. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2009, it's largest shareholder is workplace futures group limited with a 100% stake. Modus Workspace Limited is a established, large sized company, Pomanda has estimated its turnover at £83.8m with high growth in recent years.
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Modus Workspace Limited Health Check
Pomanda's financial health check has awarded Modus Workspace Limited a 3 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 £83.8m, make it larger than the average company (£1.2m)
£83.8m - Modus Workspace Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.9%)
25% - Modus Workspace Limited
7.9% - Industry AVG
Production
with a gross margin of 13.3%, this company has a higher cost of product (41.6%)
13.3% - Modus Workspace Limited
41.6% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (6.4%)
0.6% - Modus Workspace Limited
6.4% - Industry AVG
Employees
with 86 employees, this is above the industry average (15)
86 - Modus Workspace Limited
15 - Industry AVG
Pay Structure
on an average salary of £114.7k, the company has a higher pay structure (£34.5k)
£114.7k - Modus Workspace Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £974.9k, this is more efficient (£104.1k)
£974.9k - Modus Workspace Limited
£104.1k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (31 days)
78 days - Modus Workspace Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (40 days)
41 days - Modus Workspace Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Modus Workspace Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is less cash available to meet short term requirements (38 weeks)
27 weeks - Modus Workspace Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.2%, this is a higher level of debt than the average (48%)
71.2% - Modus Workspace Limited
48% - Industry AVG
MODUS WORKSPACE LIMITED financials
Modus Workspace Limited's latest turnover from December 2023 is £83.8 million and the company has net assets of £9.1 million. According to their latest financial statements, Modus Workspace Limited has 86 employees and maintains cash reserves of £12 million 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 83,839,891 | 63,886,582 | 55,833,092 | 43,341,434 | 69,283,641 | 96,084,863 | 79,211,468 | 51,346,404 | 56,376,135 | 35,206,347 | 19,053,814 | 19,589,408 | 16,528,260 | 8,391,168 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 72,665,471 | 53,634,834 | 47,862,742 | 36,339,628 | 59,476,321 | 84,765,283 | 69,046,515 | 43,785,908 | 46,660,406 | 29,161,986 | 16,355,214 | 17,480,057 | 14,173,092 | 6,852,433 | |
| Gross Profit | 11,174,420 | 10,251,748 | 7,970,350 | 7,001,806 | 9,807,320 | 11,319,580 | 10,164,953 | 7,560,496 | 9,715,729 | 6,044,361 | 2,698,600 | 2,109,351 | 2,355,168 | 1,538,735 | |
| Admin Expenses | 10,678,292 | 9,040,061 | 6,961,496 | 6,595,477 | 10,543,922 | 9,244,609 | 7,892,945 | 5,993,807 | 6,319,063 | 4,827,519 | 2,231,628 | 1,285,472 | 2,311,725 | 1,289,801 | |
| Operating Profit | 496,128 | 1,211,687 | 1,008,854 | 406,329 | -736,602 | 2,074,971 | 2,272,008 | 1,566,689 | 3,396,666 | 1,216,842 | 466,972 | 823,879 | 43,443 | 248,934 | |
| Interest Payable | 0 | 0 | 537 | 0 | 0 | 0 | 91 | 0 | 0 | 482 | 4,227 | 0 | 0 | 0 | |
| Interest Receivable | 83,362 | 1,387 | 3,024 | 31,250 | 119,271 | 46,400 | 8,020 | 18,311 | 18,642 | 2,232 | 1,205 | 2,461 | 1,258 | 0 | |
| Pre-Tax Profit | 579,490 | 1,213,074 | 1,011,341 | 437,579 | -617,331 | 2,121,371 | 2,279,937 | 1,585,000 | 3,415,308 | 1,218,592 | 463,950 | 826,340 | 44,701 | 248,934 | |
| Tax | 1,234,410 | -277,069 | -74,451 | -669,786 | 1,686,778 | -444,642 | -464,223 | -341,433 | -721,802 | -275,081 | -11,822 | -25,000 | 0 | -76,789 | |
| Profit After Tax | 1,813,900 | 936,005 | 936,890 | -232,207 | 1,069,447 | 1,676,729 | 1,815,714 | 1,243,567 | 2,693,506 | 943,511 | 452,128 | 801,340 | 44,701 | 172,145 | |
| Dividends Paid | 500,000 | 700,000 | 500,000 | 1,500,000 | 0 | 0 | 0 | 600,000 | 300,000 | 375,000 | 770,000 | 0 | 0 | 0 | |
| Retained Profit | 1,313,900 | 236,005 | 436,890 | -1,732,207 | 1,069,447 | 1,676,729 | 1,815,714 | 643,567 | 2,393,506 | 568,511 | -317,872 | 801,340 | 44,701 | 172,145 | |
| Employee Costs | 9,860,026 | 8,668,321 | 6,225,405 | 7,328,942 | 10,516,823 | 12,754,135 | 10,256,714 | 6,410,996 | 5,254,836 | 4,270,266 | 2,224,867 | 2,090,452 | 1,925,336 | 799,301 | |
| Number Of Employees | 86 | 82 | 61 | 64 | 94 | 112 | 100 | 68 | 54 | 42 | 39 | 31 | 28 | 25 | |
| EBITDA* | 496,128 | 1,211,687 | 1,008,854 | 406,329 | -736,602 | 2,074,971 | 2,272,008 | 1,566,689 | 3,396,666 | 1,216,842 | 466,972 | 823,879 | 43,443 | 248,934 |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 52,076 | 13,926 | 100,275 | 1,634,504 | 96,415 | 53,207 | 1,013 | 127,258 | 0 |
| Trade Debtors | 18,095,566 | 18,998,486 | 10,116,462 | 6,806,867 | 9,046,838 | 10,656,699 | 21,310,996 | 10,064,378 | 6,262,851 | 7,364,419 | 6,322,743 | 1,469,268 | 3,534,355 | 2,986,285 | 0 |
| Group Debtors | 51,849 | 95,000 | 74,519 | 191,079 | 1,208,872 | 2,000,000 | 1,055,014 | 0 | 273,258 | 339,413 | 92,196 | 829,896 | 333,385 | 848,006 | 0 |
| Misc Debtors | 1,483,046 | 192,887 | 427,935 | 476,158 | 1,145,152 | 1,164,410 | 217,020 | 118,378 | 478,311 | 46,262 | 36,627 | 2,242,486 | 9,244 | 14,903 | 0 |
| Cash | 11,975,977 | 10,907,281 | 11,380,272 | 11,419,206 | 16,967,116 | 9,590,750 | 9,816,027 | 7,077,206 | 9,710,664 | 6,115,954 | 1,091,302 | 1,141,186 | 620,945 | 1,104,672 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 31,606,438 | 30,193,654 | 21,999,188 | 18,893,310 | 28,367,978 | 27,792,305 | 32,451,133 | 17,273,888 | 16,825,359 | 15,500,552 | 7,639,283 | 5,736,043 | 4,498,942 | 5,081,124 | 0 |
| total assets | 31,606,438 | 30,193,654 | 21,999,188 | 18,893,310 | 28,367,978 | 27,792,305 | 32,451,133 | 17,273,888 | 16,825,359 | 15,500,552 | 7,639,283 | 5,736,043 | 4,498,942 | 5,081,124 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,219,534 | 5,766,039 | 3,481,979 | 2,802,782 | 5,233,720 | 2,642,210 | 7,801,652 | 4,247,984 | 5,688,287 | 5,616,030 | 2,849,320 | 3,137,513 | 2,106,962 | 2,602,166 | 0 |
| Group/Directors Accounts | 1,398,377 | 968,676 | 2,016,789 | 1,179,729 | 1,015,243 | 548,841 | 2,355,662 | 1,163,021 | 1,681,815 | 1,106,835 | 25,000 | 0 | 4,407 | 223,542 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,748,854 | 15,533,166 | 8,950,652 | 7,797,921 | 13,273,930 | 16,825,616 | 16,194,910 | 7,579,688 | 5,815,629 | 7,531,565 | 4,064,549 | 1,580,244 | 2,170,627 | 2,083,171 | 0 |
| total current liabilities | 22,366,765 | 22,267,881 | 14,449,420 | 11,780,432 | 19,522,893 | 20,016,667 | 26,352,224 | 12,990,693 | 13,185,731 | 14,254,430 | 6,938,869 | 4,717,757 | 4,281,996 | 4,908,879 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 140,000 | 140,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 140,000 | 140,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 22,506,765 | 22,407,881 | 14,449,420 | 11,780,432 | 19,522,893 | 20,016,667 | 26,352,224 | 12,990,693 | 13,185,731 | 14,254,430 | 6,938,869 | 4,717,757 | 4,281,996 | 4,908,879 | 0 |
| net assets | 9,099,673 | 7,785,773 | 7,549,768 | 7,112,878 | 8,845,085 | 7,775,638 | 6,098,909 | 4,283,195 | 3,639,628 | 1,246,122 | 700,414 | 1,018,286 | 216,946 | 172,245 | 0 |
| total shareholders funds | 9,099,673 | 7,785,773 | 7,549,768 | 7,112,878 | 8,845,085 | 7,775,638 | 6,098,909 | 4,283,195 | 3,639,628 | 1,246,122 | 700,414 | 1,018,286 | 216,946 | 172,245 | 0 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 496,128 | 1,211,687 | 1,008,854 | 406,329 | -736,602 | 2,074,971 | 2,272,008 | 1,566,689 | 3,396,666 | 1,216,842 | 466,972 | 823,879 | 43,443 | 248,934 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 1,234,410 | -277,069 | -74,451 | -669,786 | 1,686,778 | -444,642 | -464,223 | -341,433 | -721,802 | -275,081 | -11,822 | -25,000 | 0 | -76,789 | |
| Stock | 0 | 0 | 0 | 0 | 0 | -52,076 | 38,150 | -86,349 | -1,534,229 | 1,538,089 | 43,208 | 52,194 | -126,245 | 127,258 | 0 |
| Debtors | 344,088 | 8,667,457 | 3,144,812 | -3,926,758 | -6,701,399 | -4,480,769 | 12,400,274 | 3,168,336 | -735,674 | 1,298,528 | 1,909,916 | 664,666 | 27,790 | 3,849,194 | 0 |
| Creditors | 2,453,495 | 2,284,060 | 679,197 | -2,430,938 | 2,591,510 | -5,159,442 | 3,553,668 | -1,440,303 | 72,257 | 2,766,710 | -288,193 | 1,030,551 | -495,204 | 2,602,166 | 0 |
| Accruals and Deferred Income | -2,784,312 | 6,582,514 | 1,152,731 | -5,476,009 | -3,551,686 | 630,706 | 8,615,222 | 1,764,059 | -1,715,936 | 3,467,016 | 2,484,305 | -590,383 | 87,456 | 2,083,171 | 0 |
| Deferred Taxes & Provisions | 0 | 140,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,055,633 | 1,273,735 | -378,481 | -4,243,646 | 6,691,399 | 1,634,438 | 1,538,251 | -1,532,975 | 3,301,088 | 4,338,870 | 698,138 | 522,187 | -265,850 | 881,030 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 429,701 | -1,048,113 | 837,060 | 164,486 | 466,402 | -1,806,821 | 1,192,641 | -518,794 | 574,980 | 1,081,835 | 25,000 | -4,407 | -219,135 | 223,542 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 83,362 | 1,387 | 2,487 | 31,250 | 119,271 | 46,400 | 7,929 | 18,311 | 18,642 | 1,750 | -3,022 | 2,461 | 1,258 | 0 | |
| cash flow from financing | 513,063 | -1,046,726 | 839,547 | 195,736 | 585,673 | -1,760,421 | 1,200,570 | -500,483 | 593,622 | 1,060,782 | 21,978 | -1,946 | -217,877 | 223,642 | |
| cash and cash equivalents | |||||||||||||||
| cash | 1,068,696 | -472,991 | -38,934 | -5,547,910 | 7,376,366 | -225,277 | 2,738,821 | -2,633,458 | 3,594,710 | 5,024,652 | -49,884 | 520,241 | -483,727 | 1,104,672 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,068,696 | -472,991 | -38,934 | -5,547,910 | 7,376,366 | -225,277 | 2,738,821 | -2,633,458 | 3,594,710 | 5,024,652 | -49,884 | 520,241 | -483,727 | 1,104,672 | 0 |
modus workspace limited Credit Report and Business Information
Modus Workspace Limited Competitor Analysis
Perform a competitor analysis for modus workspace limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in SW1P area or any other competitors across 12 key performance metrics.
modus workspace limited Ownership
MODUS WORKSPACE LIMITED group structure
Modus Workspace Limited has no subsidiary companies.
Ultimate parent company
1 parent
MODUS WORKSPACE LIMITED
06839982
modus workspace limited directors
Modus Workspace Limited currently has 6 directors. The longest serving directors include Mr Matthew Short (Mar 2009) and Mr Timothy White (Feb 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Short | United Kingdom | 66 years | Mar 2009 | - | Director |
| Mr Timothy White | United Kingdom | 53 years | Feb 2011 | - | Director |
| Mr Tibor Diossi | United Kingdom | 56 years | Nov 2014 | - | Director |
| Vidhi Sharma | United Kingdom | 44 years | Nov 2019 | - | Director |
| Charlie Lewis | 40 years | Jan 2023 | - | Director | |
| Mr Dean Sargeant | 38 years | Jan 2024 | - | Director |
P&L
December 2023turnover
83.8m
+31%
operating profit
496.1k
-59%
gross margin
13.4%
-16.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
9.1m
+0.17%
total assets
31.6m
+0.05%
cash
12m
+0.1%
net assets
Total assets minus all liabilities
modus workspace limited company details
company number
06839982
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
March 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MENZIES LLP
address
gordon house greencoat place, london, SW1P 1PH
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
modus workspace 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 9 charges/mortgages relating to modus workspace limited. Currently there are 8 open charges and 1 have been satisfied in the past.
modus workspace 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 MODUS WORKSPACE LIMITED. This can take several minutes, an email will notify you when this has completed.
modus workspace limited Companies House Filings - See Documents
| date | description | view/download |
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