Duco Heating Ltd

Duco Heating Ltd, based in Boston, UK, is a small, active company founded just one year ago. With £4,761 in assets and a yearly revenue of £3,667, it’s a solo-founded operation managed by two directors and one owner. The company is a irregular importer of plastics and plastic products, with just one month of import activity recorded as of March 2024. It operates in the wholesale of hardware, plumbing and heating equipment and supplies industries.

The company’s website, while not providing much detail, suggests a focus on energy-saving heating and cooling systems for UK homes. It positions itself as a provider of solutions to save energy, hinting at a niche market within the broader heating and cooling sector. While it doesn't appear to be a full-fledged e-commerce site, it likely uses the website to generate leads and showcase its expertise.

Financially, Duco Heating Ltd is showing some mixed signals. Current assets are at £4,800, but net losses deepened to -£190. Cash reserves are at £1,000, and bank borrowings are at £2900. Trade debtors are at zero, and creditors are at £2900. The lack of employees (zero reported) hints at a lean operation. The company meets two of three conditions for being classified as small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director-reported data.

While the company’s recent losses are concerning, the small size allows for agility. The focus on energy-saving solutions could be a strong selling point in the current market. Whether Duco Heating Ltd can turn its financial situation around will depend on its ability to generate sales and manage its expenses effectively.

Registered in England/Wales under the registration number 14981275, with a registered address at PE22 0HB, England, Boston, Lincolnshire, 10 Vinters Way, Butterwick.

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