Website & contact details
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Modern Networks Limited
- Incorporated
- 22 November 1999 (26 years)
- Previously known as
- Commexchange Limited (until 16 October 2008)Desired I.T. Solutions Limited (until 14 January 2000)
- Industry
- Other information technology service activities (62090)
- Owned by
- Accounts type
- Full
- Region
- East of England
- Address
- Unit E2 18 Knowl PieceWilbury WayHitchinSG4 0TY
Filing status
- Accounts due
- 31 December 2027
- Last accounts
- 31 March 2026
- Conf. stmt due
- 27 November 2026
- Last conf. stmt
- 13 November 2025
Charges
- Total
- 9
- Outstanding
- 4
- Part satisfied
- 0
- Satisfied
- 5
Officers 3 active
Officer details are public data from the Companies House register.
Director · Appointed 28 October 2025
British
Born June 1972 (54)
Director · Appointed 28 March 2025
British
Born February 1966 (60)
Director · Appointed 13 November 2024
British
Born December 1971 (54)
Officer history (11 former)
28 October 2025
30 September 2025
28 March 2025
Resigned Tizzard, James Andrew as Director
28 March 2025
28 March 2025
19 March 2025
13 November 2024
5 July 2024
17 June 2024
30 January 2024
30 January 2024
30 January 2024
1 April 2021
1 April 2021
1 October 2019
22 November 2018
12 May 2017
1 April 2007
1 April 2007
Appointed Tizzard, James Andrew as Director
12 October 2001
15 November 2000
18 January 2000
18 January 2000
22 November 1999
22 November 1999
Ownership 1 active
People and entities with significant control, from the Companies House PSC register
Corporate entity · Notified 1 April 2021
Owns 75–100% of shares
Holds 75–100% of voting rights
Right to appoint and remove directors
Private Company Limited By Shares
Reg. no. 13127403
Former controllers (3)
1 April 2021
1 April 2021
1 February 2017
Ceased Masa Capital Limited — Owns 75–100% of shares
Group structure 9 shown
Ownership group derived from the Companies House PSC register
Westgate Midco Limited Owns 75–100% of shares
Westgate Bidco Limited Owns 75–100% of shares
Bluegrass Group Limited Owns 75–100% of shares
Bridge Fibre Limited Owns 75–100% of shares
Modern Networks Limited This company Owns 75–100% of shares
Modern Networks Services Limited Owns 75–100% of shares
Response I.T. Services Limited Owns 75–100% of shares
Wave 9 Managed Services Limited Owns 75–100% of shares
Financials
Figures from 2021 accounts. Newer accounts, made up to 31 March 2026, are filed but not read yet. See them on Companies House
- Net Assets
- £3,598,956
- up £1,434,185 (66%)
- Cash
- £2,642,239
- up £856,062 (48%)
- Turnover
- £13,192,059
- up £3,243,993 (33%)
- Profit Before Tax
- £2,505,319
- up £772,595 (45%)
- Employees
- 96
- up 10 (12%)
- Debt Ratio
- 58%
- Current Ratio
- 1.5x
- Profit Margin
- 19%
- Return on Equity
- 58%
Trend
Net Assets
Balance sheet detail
| 2021 | 2020 | |
|---|---|---|
| Fixed Assets | £1,177,353 | £1,046,733 |
| Current Assets | £7,422,692 | £5,515,084 |
| Cash | £2,642,239 | £1,786,177 |
| Creditors (< 1 year) | £4,789,238 | £4,221,478 |
| Net Current Assets | £2,633,454 | £1,293,606 |
| Net Assets | £3,598,956 | £2,164,771 |
| Shareholder Funds | £3,598,956 | £2,164,771 |
| Turnover | £13,192,059 | |
| Cost of Sales | £8,032,909 | |
| Gross Profit | £5,159,150 | |
| Admin Expenses | £2,120,197 | |
| Staff Costs | £3,963,484 | |
| Operating Profit | £2,505,210 | |
| Profit Before Tax | £2,505,319 | |
| Tax | £421,782 | |
| Profit for Period | £2,083,537 | |
What Modern Networks say about themselves
“Modern Networks empowers commercial property owners to create smart, connected buildings through advanced IT and digital infrastructure. Our solutions help you boost occupancy, streamline operations, and maximise long-term asset value.”
Filings 137
| Date | Description | Made Up To | Pages | |
|---|---|---|---|---|
| 6 November 2026 | Director's details changed | |||
| 2 October 2026 | Full accounts | 31 March 2026 | ||
| 4 January 2026 | Full accounts | 31 March 2025 | ||
| 13 November 2025 | Confirmation statement with no updates | 13 November 2025 | ||
| 13 November 2025 | Appointment of a director |
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