Conduk Ltd

Conduk Ltd is a small, holding company based in Manchester, UK, with an active status. Founded two years ago in May 2022, the company has a single employee and holds £776,243 in assets. While registered at a virtual address shared by 39 other companies, it operates with two directors and three owners—a family business. Conduk regularly imports wood and wood products (7 months), with the latest operation in September 2024, and occasionally exports furniture, lighting, and prefabricated buildings (1 month), last time in May 2023.

The company’s website, conduck.com, showcases a specialist in high-end interior fit-outs, working on projects across Europe. They describe themselves as dynamic, precise, and fast, combining technological advancements with traditional craftsmanship. Their portfolio includes impressive projects for luxury brands and restaurants, highlighting their expertise in bespoke furniture and construction. The site emphasizes a collaborative approach, featuring testimonials from satisfied clients praising their professionalism, innovative solutions, and commitment to quality. They even offer workwear and host events.

Financially, Conduk Ltd presents a mixed picture. While current assets increased slightly to £780,000, net assets plummeted 220% to -£18,000—a substantial decline. Cash bank on hand dropped dramatically by 78% to just £150,000. Trade debtors surged by an astonishing 980%, reaching £630,000, while creditors increased by 59% to £790,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity loss raises concerns. With no auditor mentioned, the figures rely on unaudited statements.

The company's rapid growth in trade debtors suggests they may be extending credit terms to customers, or perhaps facing challenges in collecting payments. The substantial increase in creditors could be linked to increased material costs or supplier payments. While the company’s core business seems to be thriving, the financial data indicates it’s burning through cash, and the large debts need to be managed carefully.

Registered in England/Wales under the registration number 14080839, with a registered address at M2 4AD, United Kingdom, Manchester, Gregs Buildings, 1 Booth Street.

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