modality group limited
modality group limited Company Information
Company Number
08572788
Next Accounts
Dec 2025
Shareholders
multimedix holdings
multimedix holdings limited
View AllGroup Structure
View All
Industry
Repair of other equipment
Registered Address
fosse house, 20 prince william road, loughborough, leicestershire, LE11 5GU
Website
http://multi-medix.commodality group limited Estimated Valuation
Pomanda estimates the enterprise value of MODALITY GROUP LIMITED at £2.8m based on a Turnover of £4.4m and 0.63x industry multiple (adjusted for size and gross margin).
modality group limited Estimated Valuation
Pomanda estimates the enterprise value of MODALITY GROUP LIMITED at £1.5m based on an EBITDA of £292.3k and a 5.19x industry multiple (adjusted for size and gross margin).
modality group limited Estimated Valuation
Pomanda estimates the enterprise value of MODALITY GROUP LIMITED at £4.4m based on Net Assets of £1.3m and 3.31x industry multiple (adjusted for liquidity).
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Modality Group Limited Overview
Modality Group Limited is a live company located in loughborough, LE11 5GU with a Companies House number of 08572788. It operates in the repair of other equipment sector, SIC Code 33190. Founded in June 2013, it's largest shareholder is multimedix holdings with a 50% stake. Modality Group Limited is a established, small sized company, Pomanda has estimated its turnover at £4.4m with high growth in recent years.
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Modality Group Limited Health Check
Pomanda's financial health check has awarded Modality Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £4.4m, make it in line with the average company (£3.9m)
- Modality Group Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.1%)
- Modality Group Limited
8.1% - Industry AVG
Production
with a gross margin of 31.2%, this company has a comparable cost of product (31.2%)
- Modality Group Limited
31.2% - Industry AVG
Profitability
an operating margin of 5.8% make it as profitable than the average company (6.4%)
- Modality Group Limited
6.4% - Industry AVG
Employees
with 13 employees, this is below the industry average (22)
13 - Modality Group Limited
22 - Industry AVG
Pay Structure
on an average salary of £42.8k, the company has an equivalent pay structure (£42.8k)
- Modality Group Limited
£42.8k - Industry AVG
Efficiency
resulting in sales per employee of £341.7k, this is more efficient (£140.2k)
- Modality Group Limited
£140.2k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (56 days)
- Modality Group Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 114 days, this is slower than average (29 days)
- Modality Group Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 139 days, this is more than average (37 days)
- Modality Group Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (15 weeks)
9 weeks - Modality Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.6%, this is a lower level of debt than the average (58%)
49.6% - Modality Group Limited
58% - Industry AVG
MODALITY GROUP LIMITED financials
Modality Group Limited's latest turnover from March 2024 is estimated at £4.4 million and the company has net assets of £1.3 million. According to their latest financial statements, Modality Group Limited has 13 employees and maintains cash reserves of £196.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 13 | 10 | 10 | 9 | 8 | 7 | 5 | 5 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 100,238 | 81,623 | 79,557 | 45,609 | 47,472 | 49,506 | 76,992 | 68,485 | 97,426 | 76,587 | 55,264 |
| Intangible Assets | |||||||||||
| Investments & Other | 3,772 | 3,772 | 3,772 | 3,772 | |||||||
| Debtors (Due After 1 year) | 66,440 | 15,518 | 16,801 | ||||||||
| Total Fixed Assets | 104,010 | 85,395 | 149,769 | 64,899 | 64,273 | 49,506 | 76,992 | 68,485 | 97,426 | 76,587 | 55,264 |
| Stock & work in progress | 1,169,305 | 740,903 | 526,649 | 494,000 | 431,093 | 318,452 | 222,516 | 189,752 | 49,732 | 45,085 | 19,538 |
| Trade Debtors | 524,572 | 190,176 | 163,831 | 511,807 | 120,634 | 160,433 | 98,093 | 105,722 | 13,213 | 12,765 | 22,440 |
| Group Debtors | 559,306 | 866,685 | 576,504 | 14,713 | |||||||
| Misc Debtors | 77,862 | 65,747 | 72,785 | 33,084 | 18,667 | 10,133 | 28,105 | 7,800 | 10,956 | ||
| Cash | 196,264 | 184,688 | 230,319 | 294,868 | 79,789 | 46,520 | 83,287 | 4,763 | 14,890 | 231,519 | 67,608 |
| misc current assets | |||||||||||
| total current assets | 2,527,309 | 2,048,199 | 1,570,088 | 1,315,388 | 664,600 | 544,072 | 414,029 | 328,342 | 85,635 | 300,325 | 109,586 |
| total assets | 2,631,319 | 2,133,594 | 1,719,857 | 1,380,287 | 728,873 | 593,578 | 491,021 | 396,827 | 183,061 | 376,912 | 164,850 |
| Bank overdraft | 28,533 | 10,000 | 10,000 | ||||||||
| Bank loan | |||||||||||
| Trade Creditors | 961,248 | 531,492 | 496,996 | 249,091 | 286,434 | 34,755 | 57,992 | 17,522 | 5,896 | 55,254 | 27,469 |
| Group/Directors Accounts | 321,000 | ||||||||||
| other short term finances | 14,000 | ||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 113,688 | 198,896 | 166,731 | 452,679 | 8,647 | 8,032 | 9,622 | 3,593 | 8,789 | 1,000 | |
| total current liabilities | 1,103,469 | 740,388 | 673,727 | 701,770 | 295,081 | 42,787 | 67,614 | 35,115 | 14,685 | 377,254 | 27,469 |
| loans | 188,621 | 232,772 | 482,531 | 686,380 | 726,413 | 487,900 | 493,900 | 493,900 | 287,400 | 7,400 | |
| hp & lease commitments | 66 | 66 | |||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 72,400 | ||||||||||
| provisions | 11,970 | 13,892 | 13,547 | 6,752 | 9,020 | 7,824 | 15,398 | 13,697 | 19,485 | 15,317 | |
| total long term liabilities | 200,591 | 246,664 | 496,078 | 693,132 | 735,433 | 495,724 | 509,364 | 507,663 | 306,885 | 22,717 | 72,400 |
| total liabilities | 1,304,060 | 987,052 | 1,169,805 | 1,394,902 | 1,030,514 | 538,511 | 576,978 | 542,778 | 321,570 | 399,971 | 99,869 |
| net assets | 1,327,259 | 1,146,542 | 550,052 | -14,615 | -301,641 | 55,067 | -85,957 | -145,951 | -138,509 | -23,059 | 64,981 |
| total shareholders funds | 1,327,259 | 1,146,542 | 550,052 | -14,615 | -301,641 | 55,067 | -85,957 | -145,951 | -138,509 | -23,059 | 64,981 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 35,594 | 25,045 | 49,177 | 19,530 | 27,312 | 41,403 | 38,621 | 29,195 | 29,144 | 19,147 | |
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | 428,402 | 214,254 | 32,649 | 62,907 | 112,641 | 95,936 | 32,764 | 140,020 | 4,647 | 25,547 | 19,538 |
| Debtors | 39,132 | 243,048 | 337,522 | 371,519 | -8,581 | 70,874 | -25,601 | 112,814 | -2,708 | 1,281 | 22,440 |
| Creditors | 429,756 | 34,496 | 247,905 | -37,343 | 251,679 | -23,237 | 40,470 | 11,626 | -49,358 | 27,785 | 27,469 |
| Accruals and Deferred Income | -85,208 | 32,165 | -285,948 | 444,032 | 615 | -1,590 | 6,029 | -5,196 | 7,789 | 1,000 | |
| Deferred Taxes & Provisions | -1,922 | 345 | 6,795 | -2,268 | 1,196 | -7,574 | 1,701 | -5,788 | 4,168 | 15,317 | |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 3,772 | ||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -321,000 | 321,000 | |||||||||
| Other Short Term Loans | -14,000 | 14,000 | |||||||||
| Long term loans | -44,151 | -249,759 | -203,849 | -40,033 | 238,513 | -6,000 | 206,500 | 280,000 | 7,400 | ||
| Hire Purchase and Lease Commitments | -66 | 66 | |||||||||
| other long term liabilities | -72,400 | 72,400 | |||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 11,576 | -45,631 | -64,549 | 215,079 | 33,269 | -36,767 | 78,524 | -10,127 | -216,629 | 163,911 | 67,608 |
| overdraft | 18,533 | 10,000 | |||||||||
| change in cash | -6,957 | -45,631 | -74,549 | 215,079 | 33,269 | -36,767 | 78,524 | -10,127 | -216,629 | 163,911 | 67,608 |
modality group limited Credit Report and Business Information
Modality Group Limited Competitor Analysis
Perform a competitor analysis for modality group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LE11 area or any other competitors across 12 key performance metrics.
modality group limited Ownership
MODALITY GROUP LIMITED group structure
Modality Group Limited has 3 subsidiary companies.
Ultimate parent company
1 parent
MODALITY GROUP LIMITED
08572788
3 subsidiaries
modality group limited directors
Modality Group Limited currently has 2 directors. The longest serving directors include Ms Maryla Stevenson (Jul 2019) and Mr Carl Bowtell (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Maryla Stevenson | England | 52 years | Jul 2019 | - | Director |
| Mr Carl Bowtell | United Kingdom | 58 years | Oct 2021 | - | Director |
P&L
March 2024turnover
4.4m
+101%
operating profit
256.7k
0%
gross margin
31.2%
-11.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.3m
+0.16%
total assets
2.6m
+0.23%
cash
196.3k
+0.06%
net assets
Total assets minus all liabilities
modality group limited company details
company number
08572788
Type
Private limited with Share Capital
industry
33190 - Repair of other equipment
incorporation date
June 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
advanced ultrasound electronics limited (October 2023)
modality group limited (June 2023)
See moreaccountant
PETER UPTON
auditor
-
address
fosse house, 20 prince william road, loughborough, leicestershire, LE11 5GU
Bank
-
Legal Advisor
-
modality group 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 did not find charges/mortgages relating to modality group limited.
modality group 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.
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modality group limited Companies House Filings - See Documents
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