Company Overview
Modern Networks Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 22 November 1999, so this is a well established company. Modern Networks Limited has been in business for 26 years and 4 months. The accounts status is full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Unit E2 18 Knowl Piece, Wilbury Way, Hitchin, Hertfordshire, SG4 0TY
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Companies House Data
Company NameMODERN NETWORKS LIMITED
Company Number03881576
Registered Office AddressUnit E2 18 Knowl Piece
 Wilbury Way
 SG4 0TY
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/11/1999
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryFULL
Returns Next Due Date20/12/2016
Returns Last Made Up Date22/11/2015
Previous Company NameChanged Date
COMMEXCHANGE LIMITED16 Oct 2008
Directors & Members
Show Resigned
Duncan Gooding - Director
(British, 55 years old, born December 1971)
Appointed 13 November 2024
 Active
Gordon Hennessy - Director
(British, 54 years old, born June 1972)
Appointed 28 October 2025
 Active
James Sumner - Director
(British, 60 years old, born February 1966)
Appointed 28 March 2025
 Active
Secretaries
Show Resigned
Other Company Directorships
Duncan Gooding
BLUEGRASS COMPUTER SERVICES LIMITED
BLUEGRASS GROUP LIMITED
BRIDGE FIBRE LIMITED
MODERN NETWORKS SERVICES LIMITED
RESPONSE I.T. SERVICES LIMITED
WAVE 9 MANAGED SERVICES LIMITED
WESTGATE BIDCO LIMITED
WESTGATE HOLDCO LIMITED
WESTGATE MIDCO LIMITED
WESTGATE TOPCO LIMITED
Gordon Hennessy
BLUEGRASS COMPUTER SERVICES LIMITED
BLUEGRASS GROUP LIMITED
BRIDGE FIBRE LIMITED
INVENIO BUSINESS SOLUTIONS HOLDINGS LIMITED
INVENIO BUSINESS SOLUTIONS INVESTMENT LIMITED
INVENIO BUSINESS SOLUTIONS LIMITED
MODERN NETWORKS SERVICES LIMITED
NATILIK CORPORATE LIMITED
NATILIK GROUP LIMITED
NATILIK HOLDINGS LIMITED
NATILIK LIMITED
NATILIK OPERATIONS LIMITED
RESPONSE I.T. SERVICES LIMITED
WAVE 9 MANAGED SERVICES LIMITED
WESTGATE BIDCO LIMITED
WESTGATE MIDCO LIMITED
James Sumner
BLUEGRASS COMPUTER SERVICES LIMITED
BLUEGRASS GROUP LIMITED
BRIDGE FIBRE LIMITED
CITATION CYBER LIMITED
MODERN NETWORKS SERVICES LIMITED
RESPONSE I.T. SERVICES LIMITED
WAVE 9 MANAGED SERVICES LIMITED
WESTGATE BIDCO LIMITED
WESTGATE MIDCO LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2021 31-Mar-2020
Balance Sheet
Fixed Assets 1,177,353 1,177,353 1,046,735
Current Assets 7,422,692 7,422,692 5,515,084
Creditors Due Within One Year 4,789,238 4,789,238 4,221,480
Working Cap 2,633,454 2,633,454 1,293,604
Total Assets Less Current Liabilities 3,810,807 3,810,807 2,340,339
Long-term Liabilities 211,851 211,851 175,568
Net Assets 3,598,956 3,598,956 2,164,771
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 3,598,956 3,598,956 2,164,771
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2021 31-Mar-2020
Tangible Fixed Assets - - -
Fixed Assets 13.7% 13.7% 16.0%
Stocks Inventory - - -
Debtors 54.5% 54.5% 54.8%
Cash Bank In Hand 30.7% 30.7% 27.2%
Current Assets 86.3% 86.3% 84.0%
Creditors Due Within One Year 55.7% 55.7% 64.3%
Net Current Assets Liabilities 30.6% 30.6% 19.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 41.8% 41.8% 33.0%
Capital Employed - - -
Total Assets Less Current Liabilities 44.3% 44.3% 35.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2021 31-Mar-2020
Liquidity Ratio 1.5 1.5 1.3
Solvency Ratio 1.7 1.7 1.5
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 9
Mortgages Outstanding 4
Mortgages Part Satisfied 0
Mortgages Satisfied 5
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2021 31-Mar-2020
Assets 8,600,045 8,600,045 6,561,819
Debt 5,001,089 5,001,089 4,397,048
Net Assets/Debt 3,598,956 3,598,956 2,164,771

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

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
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Document Filings
Confirmation statement made on 13 November 2025 with no updates
Appointment of Mr Gordon Brandon Douglas Hennessy as a director on 28 October 2025
Termination of appointment of Matthew Charles Reeve as a director on 30 September 2025
Registration of charge 038815760009, created on 29 July 2025
Appointment of James Sumner as a director on 28 March 2025
Satisfaction of charge 038815760006 in full
Termination of appointment of Michelle Van Lelyveld as a director on 28 March 2025
Termination of appointment of Ian Philip Kelly as a director on 19 March 2025
Termination of appointment of James Andrew Tizzard as a director on 28 March 2025
Confirmation statement made on 22 November 2024 with no updates
Appointment of Duncan Charles Gooding as a director on 13 November 2024
Second filing for the termination of Allen John Browning as a director
Appointment of Ian Philip Kelly as a director on 17 June 2024
Termination of appointment of Allen John Browning as a director on 5 August 2024
Termination of appointment of Nikki Sandham as a director on 30 January 2024
Appointment of Mr Allen John Browning as a director on 30 January 2024
Appointment of Ms. Michelle Van Lelyveld as a director on 30 January 2024
Registration of charge 038815760008, created on 8 December 2023
Confirmation statement made on 22 November 2023 with no updates
Confirmation statement made on 22 November 2022 with updates
Confirmation statement made on 22 November 2021 with updates
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