Iduct Limited

Iduct Limited, based in Leigh, UK, is a small holding company with an active status, established three years ago. Employing five individuals, the company holds £346,374 in assets and operates from a real address. It's managed by three directors and one owner, and features an e-commerce site with a solid 4.0 Google rating from three reviews. The company regularly imports iron or steel products, with 20 months of import activity recorded, the latest in December 2024.

The company’s website, iDuct, positions itself as a one-stop solution for ducting supplies, manufacturing and supplying high-quality UK ducting systems. It offers a wide range of products, including spiral ducting, fittings, outlets, dampers, and support systems, catering to commercial and industrial clients. The site emphasizes competitive pricing, bespoke discounts, and dedicated account managers, highlighting a customer-centric approach. The site also features a "build your order" tool, simplifying the purchasing process for clients.

Financially, Iduct Limited presents a mixed picture. While current assets remained relatively stable at £350,000, net assets increased significantly by 80% to £250,000. However, cash bank on hand plummeted 95% to just £3,900. Trade debtors rose considerably by 64%, potentially indicating delayed payments from customers. Interestingly, creditors decreased by 32%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, likely due to the company’s small size and exemption from audit.

The company’s net current assets liabilities increased by a staggering 6,100%, reaching £110,000. This, coupled with the sharp decrease in cash reserves, suggests that Iduct Limited is burning through cash faster than it’s generating revenue. While the company’s e-commerce site appears active and well-reviewed, the financials reveal a need for careful cash flow management. The increase in trade debtors may be a contributing factor.

Registered in England/Wales under the registration number 13628490, with a registered address at WN7 3PT, United Kingdom, Leigh, Greater Manchester, D16 Rivington Court, Moss Industrial Estate.

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