Duo Operations Limited

Duo Operations Ltd, hailing from Coventry, UK, is a sizable holding company with an active status. Established fourteen years ago in 2011, the company employs 146 people and manages substantial assets of £36,139,667. Its yearly revenue reaches an impressive £76,006,021. With four directors and a single owner, the company operates from a real address and is regularly importing and exporting machinery, boilers, and mechanical appliances; parts. However, its Google rating sits at a concerning 1.0 based on just three reviews.

The company’s website paints a picture of a full-service provider specializing in material processing and handling solutions across the UK and Ireland. Duo Group, the parent company, positions itself as an industry leader, offering everything from plant design and manufacture to contract processing and civil engineering. A key focus is on sustainable processing, maximizing the value of materials through efficient solutions for aggregates, waste recycling, and mineral processing. They also highlight partnerships with key players like Metso, Telestack, and Terex Washing Systems, enabling them to deliver high-quality solutions and competitive pricing. The website showcases a wide range of services, including equipment sales, infrastructure solutions, and expert advice.

Financially, Duo Operations Ltd presents a mixed picture. While turnover remained relatively stable, at £76,060,021, assets have decreased slightly to £36,139,667. A significant change is the reduction in accrued liabilities deferred income, dropping by nearly 50% to £250,000. However, bank borrowings have increased substantially, reaching £17,000,000, and cash reserves have fallen by 70% to £1,500,000. Interestingly, the company’s average number of employees has also decreased by 23%, from 150 to 110. Despite these challenges, the company’s equity has increased significantly, rising by 550% to £9,900,000. The company is audited and the auditors are Thornton Springer LLP. The company’s small size (meeting two of three criteria for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 07505341, with a registered address at CV3 4FJ, England, Coventry, West Midlands, Siskin Drive, Middlemarch Business Park.

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