Conduce Group Limited

Conduce Group Ltd, based in Solihull, UK, is a small, active company founded fifteen years ago. With fifteen employees and £1,051,295 in assets, it operates from a virtual address shared by 586 other companies, a detail that raises some questions. The company is led by four directors and has one owner, Russell Stephen William Henry. It maintains a respectable Google rating of 4.0 based on one review.

The core business revolves around the import and export of aircraft, spacecraft, and their parts – a regular activity spanning nine months of imports and fourteen months of exports. Conduce Group Ltd’s website reveals it’s a leading provider of electronic technical logbooks (ETLELB) for commercial airlines, marketed under the brand "eTechLog8." The company offers a suite of software solutions, including eCabinLog8 and eCentral8, designed to streamline aircraft maintenance and cabin defect management. It even has a companion application for helicopters and business jets.

Financially, the company’s numbers present a mixed picture. While cash and cash equivalents decreased slightly, current assets grew by 3.1% to £1.1 million. However, net assets increased by 21%, and bank borrowings decreased significantly. Creditors also saw a substantial drop, suggesting improved debt management. The company’s average number of employees increased by 20% to eighteen. It’s worth noting that the company’s small size (meeting two of three criteria for a small company) allows for agility, but the increase in average employees may indicate expansion. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company, relying on unaudited financial statements.

Overall, Conduce Group Ltd seems to be navigating a dynamic market, leveraging its specialized software solutions to serve the aviation industry. While the financial picture is generally positive, the virtual address and the reliance on unaudited statements warrant further scrutiny.

Registered in England/Wales under the registration number 07049034, with a registered address at B90 8AH, United Kingdom, Solihull, West Midlands, Lumaneri House Blythe Gate, Blythe Valley Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.