Company Overview
Modern Democracy Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 27 March 2014, so this is a well established company. Modern Democracy Limited has been in business for 12 years. The accounts status is total exemption full and the accounts are next due on Tuesday 31 March 2026.
Registered Address

Catalyst Inc. Innovation Centre, Bay Road, Londonderry, BT48 7TG
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Companies House Data
Company NameMODERN DEMOCRACY LIMITED
Company NumberNI623698
Registered Office AddressCatalyst Inc. Innovation Centre
 Bay Road
 BT48 7TG
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date27/03/2014
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2026
Accounts Last Made Up Date30/06/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date24/04/2017
Returns Last Made Up Date27/03/2016
Previous Company NameChanged Date
SARCON (NO. 375) LIMITED31 Mar 2014
Directors & Members
Show Resigned
Samuel Bolton - Director
(British, 67 years old, born September 1959)
Appointed 01 May 2022
 Active
Siobhan Donaghy - Director
(Irish, 50 years old, born March 1976)
Appointed 31 March 2014
 Active
Brian Reid - Director
(British, 72 years old, born May 1954)
Appointed 08 March 2016
 Active
Ann-Marie Slavin - Director
(Irish, 63 years old, born January 1963)
Appointed 30 March 2015
 Active
Secretaries
Show Resigned
Mary Walker - Secretary
Appointed 20 March 2019
 Active
Other Company Directorships
Samuel Bolton
GLENDARO LIMITED
Siobhan Donaghy
OPT 2 VOTE LTD
Brian Reid
BANKMORE INVESTMENTS LIMITED
ICONI SOFTWARE LIMITED
MARENCO LIMITED
Ann-Marie Slavin
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Balance Sheet
Fixed Assets 8,695 8,695 5,666
Current Assets 730,798 730,798 254,976
Creditors Due Within One Year 232,456 232,456 99,978
Working Cap 498,342 498,342 154,998
Total Assets Less Current Liabilities 507,037 507,037 160,664
Long-term Liabilities 754,629 754,629 48,944
Net Assets -247,592 -247,592 111,720
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -247,592 -247,592 111,720
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Tangible Fixed Assets - - -
Fixed Assets 1.2% 1.2% 2.2%
Stocks Inventory - - -
Debtors 44.4% 44.4% 33.3%
Cash Bank In Hand 54.4% 54.4% 64.5%
Current Assets 98.8% 98.8% 97.8%
Creditors Due Within One Year 31.4% 31.4% 38.4%
Net Current Assets Liabilities 67.4% 67.4% 59.5%
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 -33.5% -33.5% 42.9%
Capital Employed - - -
Total Assets Less Current Liabilities 68.6% 68.6% 61.6%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Liquidity Ratio 3.1 3.1 2.6
Solvency Ratio 0.7 0.7 1.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2024 30-Jun-2022 30-Jun-2021
Assets 739,493 739,493 260,642
Debt 987,085 987,085 148,922
Net Assets/Debt -247,592 -247,592 111,720

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 has some deficiency. The balance sheet net assets figure is negative. 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 has some deficiency. The balance sheet net assets figure is negative. 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 has some deficiency. The balance sheet net assets figure is negative. 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 27 March 2025 with no updates
Confirmation statement made on 27 March 2024 with updates
Statement of capital following an allotment of shares on 28 September 2023
Statement of capital following an allotment of shares on 14 August 2023
Registration of charge NI6236980003, created on 23 June 2023
Registration of charge NI6236980002, created on 31 May 2023
Satisfaction of charge NI6236980001 in full
Confirmation statement made on 27 March 2023 with no updates
Memorandum and Articles of Association
Resolutions
Termination of appointment of Robert William Mcgowan-Smyth as a director on 14 April 2022
Appointment of Mr Samuel Kyle Bolton as a director on 1 May 2022
Confirmation statement made on 27 March 2022 with no updates
Termination of appointment of Robert Gerard Devine as a director on 28 February 2022
Confirmation statement made on 27 March 2021 with no updates
Termination of appointment of James Robert John Andrews as a director on 8 October 2020
Confirmation statement made on 27 March 2020 with updates
Statement of capital following an allotment of shares on 24 February 2020
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