Company Overview
Modacs Limited is a Dissolved Private Limited Company.
Registered Address

Parkway Offices, Acorn Business, Park, Moss Road, Grimsby, North East Lincolnshire, DN32 0LW
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Companies House Data
Company NameMODACS LIMITED
Company Number02896295
Registered Office AddressParkway Offices, Acorn Business
 Park, Moss Road
 DN32 0LW
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date09/02/1994
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2017
Accounts Last Made Up Date31/12/2014
Accounts Account CategoryFULL
Returns Next Due Date09/03/2017
Returns Last Made Up Date09/02/2016
Directors & Members
Show Resigned
Joanna Baker - Director
(British, 52 years old, born March 1974)
Appointed 14 December 2015
 Active
Kevin O'keefe - Director
(American, 53 years old, born October 1973)
Appointed 14 December 2015
 Active
Secretaries
Show Resigned
Other Company Directorships
Joanna Baker
CARDSAVE TERMINALS LIMITED
Kevin O'keefe
CARDSAVE (UK) LIMITED
CARDSAVE ACQUISITIONS LIMITED
CARDSAVE COMMUNITY LIMITED
CARDSAVE EBT LIMITED
CARDSAVE FINANCE LIMITED
CARDSAVE GROUP LIMITED
CARDSAVE HOLDINGS LIMITED
CARDSAVE MERCHANT SERVICES LIMITED
CARDSAVE ONLINE LIMITED
CARDSAVE TERMINALS LIMITED
RETAIL MERCHANT FINANCE LIMITED
RETAIL MERCHANT GROUP LIMITED
RETAIL MERCHANT SERVICES LIMITED
RMS HOLDCO LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2014 31-Dec-2013 31-Dec-2012
Balance Sheet
Fixed Assets 2,042,984 2,042,984 2,466,919
Current Assets 23,041,524 23,041,524 19,133,585
Creditors Due Within One Year 15,528,338 15,528,338 13,398,236
Working Cap 7,513,186 7,513,186 5,735,349
Total Assets Less Current Liabilities 9,556,170 9,556,170 8,202,268
Long-term Liabilities 133,398 133,398 679,290
Net Assets 9,422,772 9,422,772 7,522,978
Share Capital & Reserves
Share Cap 225 225 225
Profit & Loss Reserves 9,422,547 9,422,547 7,522,753
Other Reserves 0 0 0
Shareholders Funds 9,422,772 9,422,772 7,522,978
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2014 31-Dec-2013 31-Dec-2012
Tangible Fixed Assets - - -
Fixed Assets 8.1% 8.1% 11.4%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 3.6% 3.6% 3.5%
Cash Bank In Hand 5.3% 5.3% 2.5%
Current Assets 91.9% 91.9% 88.6%
Creditors Due Within One Year 61.9% 61.9% 62.0%
Net Current Assets Liabilities 30.0% 30.0% 26.6%
Creditors Due After One Year 0.5% 0.5% 3.1%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 37.6% 37.6% 34.8%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 37.6% 37.6% 34.8%
Shareholder Funds 37.6% 37.6% 34.8%
Capital Employed - - -
Total Assets Less Current Liabilities 38.1% 38.1% 38.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2014 31-Dec-2013 31-Dec-2012
Liquidity Ratio 1.5 1.5 1.4
Solvency Ratio 1.6 1.6 1.5
Reserves to Assets 0.4 0.4 0.3
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 4
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2014 31-Dec-2013 31-Dec-2012
Assets 25,084,508 25,084,508 21,600,504
Debt 15,661,736 15,661,736 14,077,526
Net Assets/Debt 9,422,772 9,422,772 7,522,978
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around DN32 0LW
CARDSAVE GROUP LIMITED
Cardsave 10 Parkway Offices, Acorn Business Park Moss Road, Grimsby, North East Lincolnshire, DN32 0LW
CARDSAVE ACQUISITIONS LIMITED
Cardsave, Acorn Business Park, Moss Road, Grimsby, South Humberside, DN32 0LW
CARDSAVE FINANCE LIMITED
10 Parkway Offices, Acorn Business Park Moss Road, Grimsby, North East Lincolnshire, DN32 0LW
CARDSAVE COMMUNITY LIMITED
Parkway Offices Acorn Business Park, Moss Road, Grimsby, North East Lincolnshire, DN32 0LW
CARDSAVE MERCHANT SERVICES LIMITED
Parkway Offices Acorn Business Park, Moss Road, Grimsby, North East Lincolnshire, DN32 0LW
CARDSAVE HOLDINGS LIMITED
Parkway Offices, Acorn Business Park, Moss Road, Grimsby, South Humberside, DN32 0LW
CARDSAVE TERMINALS LIMITED
Parkway Offices, Acorn Business, Park, Moss Road, Grimsby, North East Lincolnshire, DN32 0LW
CARDSAVE EBT LIMITED
Parkway Offices, Acorn Business, Park, Moss Road, Grimsby, Lincolnshire, DN32 0LW
CARDSAVE ONLINE LIMITED
Parkway Offices Acorn Business Park, Moss Road, Grimsby, Lincolnshire, DN32 0LW
Document Filings
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Termination of appointment of David Arthur Hobday as a director on 10 February 2017
Previous accounting period extended from 31 December 2015 to 30 June 2016
Confirmation statement made on 2 August 2016 with updates
Annual return made up to 9 February 2016 with full list of shareholders
Appointment of Mr Kevin Patrick O'keefe as a director on 14 December 2015
Appointment of Mrs Joanna Mary Baker as a director on 14 December 2015
Termination of appointment of David Stephen Wilson as a director on 14 December 2015
Annual return made up to 9 February 2015 with full list of shareholders
Register inspection address has been changed from 55 Mansell Street London E1 8AN to C/O Worldpay the Walbrook Building Walbrook London EC4N 8AF
Termination of appointment of Anthony Mark Dann as a director on 31 December 2014
Termination of appointment of Anthony Mark Dann as a secretary on 31 December 2014
Director's details changed for Mr Anthony Mark Dann on 17 October 2014
Secretary's details changed for Mr Anthony Mark Dann on 17 October 2014
Termination of appointment of Clive Kahn as a director on 1 September 2014
Termination of appointment of Ron Kalifa as a director
Appointment of Mr David Stephen Wilson as a director
Appointment of Mr David Arthur Hobday as a director
Annual return made up to 9 February 2014 with full list of shareholders
Annual return made up to 9 February 2013 with full list of shareholders
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