{"name":"MMD COMMUNICATIONS LTD","company_number":"NI070158","status":"Active","type":"Private Limited Company","incorporated":"2008-08-11","dissolved":null,"registered_office":"191 Battery Road, Moortown, Coagh, County Tyrone, Northern Ireland, BT80 0HY","postcode":"BT80 0HY","sic_codes":[{"code":61900,"description":"Other telecommunications activities"}],"principal_activity":"The principal activity of the company was the operation of several O2 Franchises in the telecommunications market across Northern Ireland and Scotland. The franchise agreements operated by the company where terminated by the franchisor on 31 March 2024 and the company has ceased to trade at that date.","previous_names":[{"name":"HEATHERLEA DEVELOPMENTS LIMITED","changed_on":"2008-12-11"}],"warnings":[],"accounts":{"category":"Medium","year_end":"31 January","last_made_up_to":"2025-01-31","next_due":"2027-01-31"},"employees":{"count":5,"accounts_date":"2025-01-31"},"financials":[{"financial_date":"2025-01-31","turnover":1611931,"profit_loss":-12670857,"cash":3540107,"average_employees":5},{"financial_date":"2024-01-31","turnover":21831754,"profit_loss":2710295,"cash":2973851,"average_employees":90},{"financial_date":"2023-01-31","turnover":24647724,"net_assets":16246738,"cash":2652312},{"financial_date":"2021-01-31","net_assets":10359887,"cash":4120954},{"financial_date":"2020-01-31","net_assets":8325550,"cash":1707435}],"officers":{"current":3,"resigned":5,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"MMD Communications was a top-performing regional O2 franchisee, generating £21.8M of turnover at a 36% gross margin and an operating margin of roughly 16% in its final full trading year, backed by an unusually strong, low-geared balance sheet. The accounts state that the franchisor terminated the franchise agreements on 31 March 2024, after which the company ceased trading and recorded a £12.7M wind-down loss, yet it remains solvent with £6.3M of net assets and £3.5M of cash. Its trajectory illustrates the franchisor-concentration risk inherent in the UK mobile dealer model, though its balance-sheet strength sets it apart from the sector's more common insolvency endings.","website":"https://mmdcommunications.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/mmd-communications","people":"https://www.companiesintheuk.co.uk/company/mmd-communications/people","filing_history":"https://www.companiesintheuk.co.uk/company/mmd-communications/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/NI070158","financials":"https://www.companiesintheuk.co.uk/company/mmd-communications/financial","control":"https://www.companiesintheuk.co.uk/company/mmd-communications/control","charges":"https://www.companiesintheuk.co.uk/company/mmd-communications/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/mmd-communications/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/mmd-communications"}