New Fully Featured Accounting Tools From Duedil

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• Publié par: duedil-com
• Nombre de lectures: 14
• Langue: English

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New Fully Featured Accounting Tools From

Duedil

PR Newswire

LONDON, June 1, 2012

LONDON

,

June 1, 2012

/PRNewswire/ --

-Duedil's new accounting ratios calculator and accounts estimator help users

examine the accounts of small and medium-sized companies in greater depth-

Duedil, the world's largest free database of company information, has rolled

out two new features to help users extract greater detail from abbreviated

accounts.

Duedil offers free access to annual accounts that have been submitted to

Companies House UK. All limited companies, regardless of whether they're

currently trading, must file accounts annually, but the depth of information

depends on the size and type of the company.

Since many companies, particularly those that are small and medium-sized,

only file abbreviated accounts with Companies House, figures such as turnover,

profit and cost of sales are often difficult to ascertain.

To solve this problem, Duedil has launched two new features: an accounts

estimator for small and medium sized businesses that file abbreviated

accounts; and an accounting ratios calculator that presents users with useful

tools to evaluate company performance, including return on assets, profit

margin, and inventory turnover ratio.

Company founder, Damian Kimmelman, comments, "We've introduced these

new features to help users get the most from sometimes limited financial

information, whether they're checking a competitor's profitability, or looking for

firms with promising performance indicators for private equity opportunities.

"These tools provide accurate information to speed up the screening process

and help users analyse and make sense of the figures that make up P&L

accounts and balance sheets."

About Duedil:

Duedil was founded in

April 2010

by entrepreneur, Damian Kimmelman, who

wanted to develop a sense of trust in business by opening up company

information for free. Duedil is short for Due Diligence and is funded by Passion

Capital, which is predominantly funded by the UK government.

Comprising the largest database of free company financials in the world, Duedil

aggregates billions of data points including information purchased from the

Companies House database to provide reliable information on companies and

directors in the UK and

Ireland

.

Visit: http://www.duedil.com/ for more information