Duedil – a great due diligence tool
Here’s an excellent website that can be used to do due diligence on companies that you’re about to work with. Duedil extracts all the public accounts from Companies House and makes them freely accessible to anyone who cares to look. It analyses the data, determines if there are any red flags, extracts some of the key points, etc.
Also, for companies that submit full accounts rather than abbreviated accounts, it will show the full accounts. The lesson here, for company directors of smaller companies, is that even though you can submit full accounts instead of abbreviated accounts with your annual return, you probably should submit abbreviated accounts instead, unless you’re happy to see your full management P&L and turnover figures out in the open.
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