Duckduck Ltd

Duckduck Ltd from London UK: a small, active company founded ten years ago, employs five people, and holds £635,342 in assets. It has a real address, is overseen by three directors, and is owned by one individual. The company regularly imports optical and medical tools and devices, with seven months of import activity recorded.

The company operates in the other information technology service activities industries. Its website, GridDuck, showcases an "Intelligent Energy Saving System for Commercial Buildings." It’s an online dashboard connecting IoT sensors and switches, providing submetering and automation for energy consumption. The site highlights features like real-time data, AI alerts, and automation rules, targeting businesses looking to reduce energy costs and carbon emissions. Testimonials from clients like Bowles Walker Ltd and Highways England praise the system's effectiveness in monitoring energy usage and identifying savings opportunities. The site also features case studies, a live demo, and a blog with energy-saving tips.

Financially, Duckduck Ltd presents a mixed picture. While current assets increased by a significant 140% to £640,000, net assets rose by 210% to £210,000. Bank borrowings decreased by 36% to £18,000, and cash reserves skyrocketed by 1600% to £270,000. However, deferred income dropped by 130% to £10,000. The average number of employees increased by 60% to eight, which could be a sign of growth or increased workload. Creditors decreased by 36%, suggesting better debt management. 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 large increase in deferred income may indicate challenges in collecting payments. The accounts are unaudited, and no auditor is mentioned.

Overall, Duckduck Ltd appears to be financially healthy, with strong asset growth and improved cash reserves. The company's focus on energy efficiency and its online platform position it well in a growing market, but the increase in deferred income warrants further attention.

Registered in England/Wales under the registration number 09545657, with a registered address at SE1 1TY, United Kingdom, London, Suite 1-3 The Hop Exchange, 24 Southwark Street.

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