Duct & Vent Ltd

Duct & Vent Ltd from Hertford UK: a small, active company founded 14 years ago, employs 35 people, and holds £1,158,834 in assets. It’s a real address, managed by four directors and two owners, and operates as a family business with a stellar 5.0 Google rating based on three reviews. The company is an irregular importer of electrical machinery and equipment, with recent activity in February 2024.

Duct & Vent Ltd is a ductwork manufacturer and steel fabrication company primarily serving London and the Southeast. Their website highlights a focus on providing high-quality ductwork and steel fabrication solutions, including rectangular, circular, and flat oval ductwork, as well as steel fabrication services. They cater to a range of industries, including hospitals, supermarkets, offices, and educational facilities. The company also boasts a separate division specializing in piano restoration, operating from Cambridge and even featuring a showroom in Harrods. This division focuses on museum-grade restorations and disaster recovery for damaged pianos.

Financially, Duct & Vent Ltd presents a mixed picture. While current assets increased by 29% to £1,200,000, net assets also jumped 46% to £460,000. However, cash reserves plummeted 100% to a mere £200, and bank borrowings increased significantly. Trade debtors have also ballooned by 70% to £890,000, suggesting potential issues with customer payments. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the decrease in cash reserves is a concern. With no auditor mentioned, the figures are unaudited.

Overall, Duct & Vent Ltd seems to be experiencing growth, but the sharp decline in cash reserves and increase in debtors warrant close attention. The dual focus on ductwork fabrication and high-end piano restoration creates an interesting dynamic, but whether this diversification will prove sustainable remains to be seen.

Registered in England/Wales under the registration number 07518075, with a registered address at SG13 7AE, Hertford, Herts, Unit 6b Dicker Mill Industrial Estate.

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