MODERN NETWORKS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-27 (in 6mo)
Last made up 2025-11-13
Watchouts
None on the register
Cash
£83K
-78.4% lowest in 5 filed years
Net assets
-£203K
-110.4% lowest in 4 filed years
Employees
119
+1.7% highest in 4 filed years
Profit before tax
-£2M
-30.2% lowest in 4 filed years
Net assets
5-year trend · vs Technology median
Accounts
5-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-04-01 | 2020-03-31 | 2021-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £9,948,066 | £13,192,059 | £15,281,076 | £17,047,879 | |
| Operating profit | — | £1,728,965 | £2,505,210 | -£1,432,538 | -£1,862,901 | |
| Profit before tax | — | £1,732,724 | £2,505,319 | -£1,424,546 | -£1,854,383 | |
| Net profit | — | £1,422,535 | £2,083,537 | -£1,078,741 | -£2,158,994 | |
| Cash | £1,215,429 | £1,786,177 | £2,642,239 | £383,711 | £82,733 | |
| Total assets less current liabilities | — | £2,340,339 | £3,810,807 | £1,956,001 | -£202,993 | |
| Net assets | — | £2,164,771 | £3,598,956 | £1,956,001 | -£202,993 | |
| Equity | — | £2,164,771 | £3,598,956 | £1,956,001 | -£202,993 | |
| Average employees | — | 86 | 96 | 117 | 119 | |
| Wages | — | £2,688,124 | £3,507,454 | £4,384,468 | £4,799,244 | |
| Directors' remuneration | — | — | — | £30,820 | £30,939 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+11.6%
£15,281,076 £17,047,879
highest in 4 filed years
-
Cash
-78.4%
£383,711 £82,733
lowest in 5 filed years
-
Net assets
-110.4%
£1,956,001 -£202,993
lowest in 4 filed years
-
Employees
+1.7%
117 119
highest in 4 filed years
-
Operating profit
-30%
-£1,432,538 -£1,862,901
lowest in 4 filed years
-
Profit before tax
-30.2%
-£1,424,546 -£1,854,383
lowest in 4 filed years
-
Wages
+9.5%
£4,384,468 £4,799,244
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-04-01 | 2020-03-31 | 2021-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 17.4% | 19.0% | -9.4% | -10.9% | |
| Net margin | — | 14.3% | 15.8% | -7.1% | -12.7% | |
| Return on capital employed | — | 73.9% | 65.7% | -73.2% | 917.7% | |
| Gearing (liabilities / total assets) | — | — | — | 76.9% | 102.6% | |
| Current ratio | — | — | — | 1.00x | 0.77x | |
| Interest cover | — | 24699.50x | 2950.78x | — | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- MODERN NETWORKS LIMITED 2008-10-16 → present
- COMMEXCHANGE LIMITED 2000-01-14 → 2008-10-16
- DESIRED I.T. SOLUTIONS LIMITED 1999-11-22 → 2000-01-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The detailed projections, the letter of support received, and the assessment of the group's financial position, demonstrate the company has adequate resources to continue in operational existence for the period of at least 12 months from the date of the approval of these financial statements.”
Significant events
- “On 31 July 2025 a charge was registered at Companies House in favour of Elm Corporate Credit in connection with the refinancing of the group. The charge is secured over the company's assets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOODING, Duncan Charles | Director | 2024-11-13 | Dec 1971 | British |
| HENNESSY, Gordon Brandon Douglas | Director | 2025-10-28 | Jun 1972 | British |
| SUMNER, James Robert | Director | 2025-03-28 | Feb 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| REEVE, Sally Marianne | Secretary | 2000-01-18 | 2021-04-01 |
| THE CONTRACTORS ACCOUNTANT LIMITED | Corporate Secretary | 1999-11-22 | 2001-10-12 |
| BROWNING, Allen John, Mr. | Director | 2024-01-30 | 2024-07-05 |
| KELLY, Ian Philip | Director | 2024-06-17 | 2025-03-19 |
| REEVE, Matthew Charles | Director | 2000-01-18 | 2025-09-30 |
| REEVE, Sally Marianne | Director | 2007-04-01 | 2021-04-01 |
| SANDHAM, Nikki | Director | 2018-11-22 | 2024-01-30 |
| TIZZARD, James Andrew | Director | 2007-04-01 | 2025-03-28 |
| VAN LELYVELD, Michelle, Ms. | Director | 2024-01-30 | 2025-03-28 |
| VAN LELYVELD, Michelle, Ms. | Director | 2017-05-12 | 2019-10-01 |
| SQL LIMITED | Corporate Nominee Director | 1999-11-22 | 2000-11-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Westgate Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-01 | Active |
| Mrs Sally Marianne Reeve | Individual | Shares 25–50%, Voting 25–50% | 2017-02-01 | Ceased 2021-04-01 |
| Mr Matthew Charles Reeve | Individual | Shares 50–75%, Voting 25–50% | 2016-04-06 | Ceased 2021-04-01 |
| Masa Capital Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-02-01 |
Filing timeline
Last 20 of 135 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-04 | AA | accounts | Accounts with accounts type full | |
| 2025-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-03 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-18 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.