Ddk Positioning Limited

Ddk Positioning Ltd from Aberdeen, UK, is a small holding company with an active status, established eight years ago in 2016. The company employs nine people and holds £725,790 in assets, operating from a real address and managed by four directors and three owners. It regularly imports electrical machinery and equipment – four months of activity recorded – and occasionally exports optical and medical tools and devices, with two months of export activity.

The company’s website highlights its focus on providing GNSS Precise Point Positioning (PPP) solutions via the Iridium Satellite Communications Network, offering independent and robust positioning services. It caters to sectors including offshore energy, maritime, agriculture, and defence, emphasizing accuracy and resilience. Key products include correction services, hardware systems (DDK X1 and DDK X3), and vision software. The site also features case studies, data sheets, and a blog, showcasing its expertise and partnerships with companies like Iridium, Topcon, and Oceaneering.

Financially, Ddk Positioning Ltd presents a mixed picture. Cash reserves have dramatically increased by 500% to £410,000, a positive sign of improved liquidity. However, net assets have declined by 14% to -£2.5 million, and net current assets and liabilities have increased by 110%. Creditors have significantly risen by 87% to £2.1 million, while trade debtors have decreased by 26%. 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 agility, but the substantial equity decline warrants attention. The unaudited figures, prepared with CCH Accounts Production software, rely on director-reported data, and no auditor is mentioned. The company’s growth in cash reserves suggests a recent influx of funding or improved operational efficiency, but the rising debt levels and negative equity indicate potential financial strain.

Registered in Scotland under the registration number SC551326, with a registered address at AB12 3JG, Scotland, Aberdeen, Balmoral Business Park, Wellington Circle.

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