MODERN NETWORKS LIMITED

Active Hitchin

Other information technology service activities

119 employees website.com
Information technology, telecommunications and data Other information technology service activities
M

MODERN NETWORKS LIMITED

Other information technology service activities

Founded 22 Nov 1999 Active Hitchin, United Kingdom 119 employees website.com
Information technology, telecommunications and data Other information technology service activities

Previous Company Names

COMMEXCHANGE LIMITED 14 Jan 2000 — 16 Oct 2008
DESIRED I.T. SOLUTIONS LIMITED 22 Nov 1999 — 14 Jan 2000
Accounts Submitted 4 Jan 2026 Next due 31 Dec 2026 7 months remaining
Confirmation Submitted 13 Nov 2025 Next due 27 Nov 2026 6 months remaining
Net assets £-203K £2M 2024 year on year
Total assets £8M £630K 2024 year on year
Total Liabilities £8M £2M 2024 year on year
Charges 9
4 outstanding 5 satisfied

Contact & Details

Contact

Registered Address

Unit E2 18 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY

Telephone

0800 000 0000

Website

www.example.com

Full company profile for MODERN NETWORKS LIMITED (03881576), an active information technology, telecommunications and data company based in Hitchin, United Kingdom. Incorporated 22 Nov 1999. Other information technology service activities. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Balance Sheet & P&L (2013–2024)

Cash in Bank

£82.73k

Decreased by £300.98k (-78%)

Net Assets

-£202.99k

Decreased by £2.16M (-110%)

Total Liabilities

£8.05M

Increased by £1.53M (+23%)

Turnover

£17.05M

Increased by £1.77M (+12%)

Employees

119

Increased by 2 (+2%)

Debt Ratio

103%

Increased by 26 (+34%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

Funding Rounds 1

Investors (2)

Investor NameInvestor SinceParticipating Rounds
Investor 1Apr 2021Private Equity
Investor 2Apr 2021Private Equity

Share Capital

Share Capital

Share allotments and capital structure

1 Allotment 900 Shares £900 Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
1 Mar 2018900£900£1

Officers

Officers

0 active 3 resigned
Status

No officers found

No officers found

Shareholders

Shareholders (1)

Westgate Bidco Limited
100.0%

Persons with Significant Control

Persons with Significant Control (1)

1 Active 3 Ceased

Westgate Bidco Limited

United Kingdom

Active
Notified 1 Apr 2021
Nature of Control
  • Ownership Of Shares 75 To 100 Percent,voting Rights 75 To 100 Percent,right To Appoint And Remove Directors

Matthew Charles Reeve

Ceased 1 Apr 2021

Ceased

Sally Marianne Reeve

Ceased 1 Apr 2021

Ceased

Masa Capital Limited

Ceased 1 Feb 2017

Ceased

Group Structure

Group Structure

PILKERTON LIMITED united kingdom
WESTGATE MIDCO LIMITED united kingdom
WESTGATE BIDCO LIMITED united kingdom
MODERN NETWORKS LIMITED Current Company

Charges

Charges

4 outstanding 5 satisfied

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
4 Jan 2026AccountsAnnual accounts made up to 31 Mar 2025
13 Nov 2025Confirmation StatementConfirmation statement made on 13 Nov 2025 with no updates
13 Nov 2025OfficersAppointment of Mr Gordon Brandon Douglas Hennessy as director on 28 Oct 2025
30 Sept 2025OfficersTermination of Matthew Charles Reeve as director on 30 Sept 2025
30 Jul 2025MortgageMortgage Create With Deed With Charge Number Charge Creation Date
4 Jan 2026 Accounts

Annual accounts made up to 31 Mar 2025

13 Nov 2025 Confirmation Statement

Confirmation statement made on 13 Nov 2025 with no updates

13 Nov 2025 Officers

Appointment of Mr Gordon Brandon Douglas Hennessy as director on 28 Oct 2025

30 Sept 2025 Officers

Termination of Matthew Charles Reeve as director on 30 Sept 2025

30 Jul 2025 Mortgage

Mortgage Create With Deed With Charge Number Charge Creation Date

Recent Activity

Latest Activity

Annual accounts made up to 31 Mar 2025

4 months ago on 4 Jan 2026

Confirmation statement made on 13 Nov 2025 with no updates

5 months ago on 13 Nov 2025

Appointment of Mr Gordon Brandon Douglas Hennessy as director on 28 Oct 2025

5 months ago on 13 Nov 2025

Termination of Matthew Charles Reeve as director on 30 Sept 2025

7 months ago on 30 Sept 2025

Mortgage Create With Deed With Charge Number Charge Creation Date

9 months ago on 30 Jul 2025