duo operations limited
duo operations limited Company Information
Company Number
07505341
Next Accounts
Mar 2026
Industry
Wholesale of other machinery and equipment
Shareholders
duo group (u.k.) ltd
Group Structure
View All
Contact
Registered Address
siskin drive, middlemarch business park, coventry, west midlands, CV3 4FJ
duo operations limited Estimated Valuation
Pomanda estimates the enterprise value of DUO OPERATIONS LIMITED at £54.2m based on a Turnover of £76m and 0.71x industry multiple (adjusted for size and gross margin).
duo operations limited Estimated Valuation
Pomanda estimates the enterprise value of DUO OPERATIONS LIMITED at £88.4m based on an EBITDA of £10.9m and a 8.11x industry multiple (adjusted for size and gross margin).
duo operations limited Estimated Valuation
Pomanda estimates the enterprise value of DUO OPERATIONS LIMITED at £24.8m based on Net Assets of £9.9m and 2.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Duo Operations Limited Overview
Duo Operations Limited is a live company located in coventry, CV3 4FJ with a Companies House number of 07505341. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in January 2011, it's largest shareholder is duo group (u.k.) ltd with a 100% stake. Duo Operations Limited is a established, large sized company, Pomanda has estimated its turnover at £76m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Duo Operations Limited Health Check
Pomanda's financial health check has awarded Duo Operations Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £76m, make it larger than the average company (£16.5m)
£76m - Duo Operations Limited
£16.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (10.2%)
31% - Duo Operations Limited
10.2% - Industry AVG
Production
with a gross margin of 22.1%, this company has a higher cost of product (28.9%)
22.1% - Duo Operations Limited
28.9% - Industry AVG
Profitability
an operating margin of 14.3% make it more profitable than the average company (5.1%)
14.3% - Duo Operations Limited
5.1% - Industry AVG
Employees
with 113 employees, this is above the industry average (41)
113 - Duo Operations Limited
41 - Industry AVG
Pay Structure
on an average salary of £62.2k, the company has an equivalent pay structure (£51.9k)
£62.2k - Duo Operations Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £672.6k, this is more efficient (£377.1k)
£672.6k - Duo Operations Limited
£377.1k - Industry AVG
Debtor Days
it gets paid by customers after 111 days, this is later than average (62 days)
111 days - Duo Operations Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (32 days)
84 days - Duo Operations Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (64 days)
5 days - Duo Operations Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (15 weeks)
2 weeks - Duo Operations Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.1%, this is a higher level of debt than the average (49.8%)
78.1% - Duo Operations Limited
49.8% - Industry AVG
DUO OPERATIONS LIMITED financials
Duo Operations Limited's latest turnover from June 2024 is £76 million and the company has net assets of £9.9 million. According to their latest financial statements, Duo Operations Limited has 113 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,006,021 | 92,551,323 | 62,006,954 | 33,994,233 | 27,095,507 | 21,393,911 | 10,897,127 | 10,679,771 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 59,246,542 | 77,879,821 | 54,925,732 | 29,617,739 | 24,047,352 | 17,890,236 | 8,869,214 | 9,017,126 | |||||
| Gross Profit | 16,759,479 | 14,671,502 | 7,081,222 | 4,376,494 | 3,048,155 | 3,503,675 | 2,027,913 | 1,662,645 | |||||
| Admin Expenses | 5,917,367 | 6,295,140 | 7,236,476 | 3,885,294 | 2,926,307 | 2,565,167 | 1,509,173 | 1,169,124 | |||||
| Operating Profit | 10,842,112 | 8,376,362 | -155,254 | 491,200 | 121,848 | 938,508 | 518,740 | 493,521 | |||||
| Interest Payable | 5,522,047 | 4,612,493 | 826,520 | 23,460 | 20,142 | 26,863 | 1,842 | 310 | |||||
| Interest Receivable | 136,211 | 61,171 | 0 | 0 | 0 | 39,915 | 0 | 0 | |||||
| Pre-Tax Profit | 5,456,276 | 3,825,040 | -981,774 | 467,740 | 101,706 | 951,560 | 516,898 | 493,211 | |||||
| Tax | -859,155 | 0 | 0 | 0 | 0 | 0 | 0 | -23,157 | |||||
| Profit After Tax | 4,597,121 | 3,825,040 | -981,774 | 467,740 | 101,706 | 951,560 | 516,898 | 470,054 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | 4,597,121 | 3,825,040 | -981,774 | 467,740 | 101,706 | 951,560 | 516,898 | 470,054 | |||||
| Employee Costs | 7,029,944 | 8,648,189 | 10,195,549 | 6,810,258 | 3,105,072 | 3,939,189 | 2,188,462 | 2,190,691 | |||||
| Number Of Employees | 113 | 146 | 181 | 163 | 100 | 59 | 55 | 62 | |||||
| EBITDA* | 10,903,649 | 8,500,574 | -31,707 | 505,013 | 128,219 | 938,508 | 518,740 | 493,521 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,041,424 | 520,010 | 644,222 | 559,280 | 66,629 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,216,560 | 1,216,500 | 1,216,500 | 1,216,500 | 1,216,500 | 1,216,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,257,984 | 1,736,510 | 1,860,722 | 1,775,780 | 1,283,129 | 1,216,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 865,549 | 338,683 | 99,799 | 0 | 0 | 0 | 0 | 2,942 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,161,635 | 20,351,408 | 21,100,590 | 5,265,077 | 6,548,326 | 3,662,580 | 2,613,064 | 2,420,994 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 2,592,292 | 13,153,365 | 7,724,957 | 5,821,831 | 422,462 | 528,164 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 8,016,531 | 3,416,955 | 2,516,388 | 3,358,142 | 818,793 | 265,659 | 588,028 | 495,025 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,503,660 | 883,456 | 38,675 | 624,563 | 0 | 65,119 | 77,453 | 152,443 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 36,139,667 | 38,143,867 | 31,480,409 | 15,069,613 | 7,789,581 | 4,521,522 | 3,278,545 | 3,071,404 | 0 | 0 | 0 | 0 | 0 |
| total assets | 45,397,651 | 39,880,377 | 33,341,131 | 16,845,393 | 9,072,710 | 5,738,022 | 3,278,545 | 3,071,404 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,179,554 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13,701,470 | 13,627,464 | 10,708,296 | 4,395,337 | 3,288,779 | 2,043,548 | 862,776 | 866,824 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,147,517 | 365,306 | 526,733 | 606,523 | 17,328 | 17,328 | 1,063,156 | 1,296,426 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,154,854 | 515,782 | 337,501 | 151,840 | 57,795 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,272,566 | 18,603,800 | 18,689,554 | 8,430,843 | 2,488,937 | 1,538,535 | 365,562 | 438,001 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 27,276,407 | 33,112,352 | 30,262,084 | 14,084,543 | 7,032,393 | 3,599,411 | 2,291,494 | 2,601,251 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 5,396,943 | 1,101,107 | 1,552,764 | 252,793 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 2,061,932 | 315,595 | 0 | 0 | 0 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 713,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,172,800 | 1,416,702 | 1,552,764 | 252,793 | 0 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 35,449,207 | 34,529,054 | 31,814,848 | 14,337,336 | 7,032,393 | 3,799,411 | 2,291,494 | 2,601,251 | 0 | 0 | 0 | 0 | 0 |
| net assets | 9,948,444 | 5,351,323 | 1,526,283 | 2,508,057 | 2,040,317 | 1,938,611 | 987,051 | 470,153 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 9,948,444 | 5,351,323 | 1,526,283 | 2,508,057 | 2,040,317 | 1,938,611 | 987,051 | 470,153 | 0 | 0 | 0 | 0 | 0 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 10,842,112 | 8,376,362 | -155,254 | 491,200 | 121,848 | 938,508 | 518,740 | 493,521 | |||||
| Depreciation | 61,537 | 124,212 | 123,547 | 13,813 | 6,371 | 0 | 0 | 0 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | -859,155 | 0 | 0 | 0 | 0 | 0 | 0 | -23,157 | |||||
| Stock | 526,866 | 238,884 | 99,799 | 0 | 0 | 0 | -2,942 | 2,942 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,151,270 | 5,579,793 | 16,896,885 | 6,655,469 | 3,333,178 | 1,255,311 | 285,073 | 2,916,019 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 74,006 | 2,919,168 | 6,312,959 | 1,106,558 | 1,245,231 | 1,180,772 | -4,048 | 866,824 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -8,331,234 | -85,754 | 10,258,711 | 5,941,906 | 950,402 | 1,172,973 | -72,439 | 438,001 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 713,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,125,595 | 5,515,311 | -456,721 | 898,008 | -1,009,326 | 2,036,942 | 160,122 | -1,143,772 | |||||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Change in Investments | 60 | 0 | 0 | 0 | 0 | 1,216,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -60 | 0 | 0 | 0 | 0 | -1,216,500 | 0 | 0 | |||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -500,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 782,211 | -161,427 | -79,790 | 589,195 | 0 | -1,045,828 | -233,270 | 1,296,426 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 5,934,908 | -273,376 | 1,485,632 | 346,838 | 57,795 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,746,337 | 315,595 | 0 | 0 | -200,000 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -5,385,836 | -4,551,322 | -826,520 | -23,460 | -20,142 | 13,052 | -1,842 | -310 | |||||
| cash flow from financing | 3,077,620 | -4,670,530 | 79,322 | 1,412,573 | -162,347 | -832,776 | -235,112 | 1,296,215 | |||||
| cash and cash equivalents | |||||||||||||
| cash | 620,204 | 844,781 | -585,888 | 624,563 | -65,119 | -12,334 | -74,990 | 152,443 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | -1,179,554 | 1,179,554 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 620,204 | 844,781 | -585,888 | 1,804,117 | -1,244,673 | -12,334 | -74,990 | 152,443 | 0 | 0 | 0 | 0 | 0 |
duo operations limited Credit Report and Business Information
Duo Operations Limited Competitor Analysis
Perform a competitor analysis for duo operations limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in CV3 area or any other competitors across 12 key performance metrics.
duo operations limited Ownership
DUO OPERATIONS LIMITED group structure
Duo Operations Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
DUO OPERATIONS LIMITED
07505341
2 subsidiaries
duo operations limited directors
Duo Operations Limited currently has 4 directors. The longest serving directors include Mr Martin McWilliams (Apr 2018) and Mr Simon Hall (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin McWilliams | Northern Ireland | 48 years | Apr 2018 | - | Director |
| Mr Simon Hall | England | 58 years | Sep 2019 | - | Director |
| Mr Padraig McDermott | England | 50 years | May 2024 | - | Director |
| Mr Liam Magee | Northern Ireland | 42 years | May 2024 | - | Director |
P&L
June 2024turnover
76m
-18%
operating profit
10.8m
+29%
gross margin
22.1%
+39.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
9.9m
+0.86%
total assets
45.4m
+0.14%
cash
1.5m
+0.7%
net assets
Total assets minus all liabilities
duo operations limited company details
company number
07505341
Type
Private limited with Share Capital
industry
46690 - Wholesale of other machinery and equipment
incorporation date
January 2011
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2024
previous names
denbow international limited (November 2018)
denbow integrated spares limited (April 2016)
accountant
-
auditor
THORTON SPRINGER LLP
address
siskin drive, middlemarch business park, coventry, west midlands, CV3 4FJ
Bank
-
Legal Advisor
-
duo operations limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to duo operations limited. Currently there are 2 open charges and 0 have been satisfied in the past.
duo operations limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for DUO OPERATIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
duo operations limited Companies House Filings - See Documents
| date | description | view/download |
|---|
