MODGATE LIMITED
Company number 01355811 · Monitor this company
Executive summary
MODGATE Limited is a well-established regional plumbing and heating wholesaler demonstrating solid financial fundamentals, with net assets growing to £2.86M and a strong recovery in cash reserves to £635K after a near-zero position in 2022. The business operates an asset-light distribution model typical of the sector, though its debtor book at 62% of total assets is significantly above industry norms and represents the primary balance sheet risk. The family-owned structure provides strategic stability, and the company appears to be managing through sector headwinds including inflation, competitive consolidation, and housing market softening with resilience. The key strategic question is whether MODGATE can maintain its independent competitive position against national distributors while managing its working capital dynamics and investing in the capabilities needed to serve the emerging low-carbon heating market.
Shareholders' funds
£2,862,646
Balance sheet as at 2024-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1978-03-06
- Employees
- 36 (2024 accounts · was 38 in 2023)
- Registered office
- Parkside Road, Kendal, Cumbria, LA9 7DU
- Postcode
- LA9 7DU
- Capital
- 200 GBP
- Accounts category
- Total Exemption Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-08-05
- Next due by
- 2027-08-19
Nature of business (SIC)
- 46740 Wholesale of hardware, plumbing and heating equipment and supplies
Officers 4 current · 7 resigned
Previous registered addresses 1
| Address | Changed on |
|---|---|
| MODGATE HOUSE, STATION ROAD, KENDAL, CUMBRIA LA9 6BT | 1992-11-11 |
Among its peers
Top 10%
by shareholders' funds, of 13 similar companies in LA
The largest employer among its local peers (36 staff).
The oldest of its local peers, trading since 1978.
Competitors Lancaster
This company ranks 1 among wholesale of hardware, plumbing and heating equipment and supplies in Lancaster.
The class of 1978
51%
of the 8,636 companies incorporated in 1978 are still active today; 42% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2018-01-09
- Where
- Lancashire
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| LAN200026 | Lancashire | Leasehold | 2018-01-09 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.