Daq Solutions Limited

Daq Solutions Ltd, based in South Yorkshire, UK, is a small, active company established 18 years ago. With a single employee and £8,713 in assets, it’s a family-run business led by three directors and two owners. The company regularly imports electrical machinery and equipment, with 22 months of import activity recorded, the latest in May 2024.

Daq Solutions operates as a distributor for several companies, providing data acquisition and process control solutions. Its website highlights a range of services, from single-point logging to complete plant SCADA systems, catering to diverse industries like aerospace, ceramics, and healthcare. It also offers specialist expertise in SCADA software and instrumentation, serving as a UK distributor for Procon Electronic's IO modules and PLC's, and offering services for paperless recorders and wireless data logging. The company’s customer portfolio includes well-known names like Astrium, JaguarLandRover, and the University of Edinburgh.

Financially, Daq Solutions Ltd presents a mixed picture. Current assets increased by 47% to £8,700, but net assets decreased by 35% to -£25,000. Bank borrowings were reduced to zero, a positive sign, but cash reserves rose to £8,200. Creditors increased significantly by 58%, and trade debtors decreased sharply, suggesting potential issues with customer payments. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is concerning. With no auditor mentioned, the figures are unaudited.

Overall, Daq Solutions Ltd appears to be navigating a challenging period. While its diverse range of services and established customer base provide a solid foundation, the company needs to address the decline in equity and manage its creditors effectively to ensure long-term financial stability.

Registered in England/Wales under the registration number 06005326, with a registered address at S35 2XH, South Yorkshire, 16-18 Station Road, Chapeltown, Sheffield.

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