Durbin Metal Industries Limited

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durbin metal industries limited Company Information

Live

MatureLargeRapid

Company Number

01631973

Website

www.durbinmetals.co.uk

Registered Address

parkway house, unit 6 parkway industrial estate, wednesbury, west midlands, WS10 7WP

Industry

Wholesale of metals and metal ores

Telephone

01922453982

Next Accounts Due

September 2024

Group Structure

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Directors

Andrew Roberts8 Years

Philip Forster2 Years

Shareholders

amari metals engineering group limited 100%

durbin metal industries limited Estimated Valuation

£9.6m

Pomanda estimates the enterprise value of DURBIN METAL INDUSTRIES LIMITED at £9.6m based on an EBITDA of £2.5m and a 3.89x industry multiple (adjusted for size and gross margin).

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Durbin Metal Industries Limited is a live company located in wednesbury, WS10 7WP with a Companies House number of 01631973. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in April 1982, it's largest shareholder is amari metals engineering group limited with a 100% stake. Durbin Metal Industries Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Durbin Metal Industries Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £20.8m, make it smaller than the average company (£28.4m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (10.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DURBIN METAL INDUSTRIES LIMITED group structure

Durbin Metal Industries Limited has no subsidiary companies.

Ultimate parent company

BRITANNIA METALS HOLDINGS LTD

#0041801

AMARI METALS ENGINEERING GROUP LIMITED

14134425

2 parents

DURBIN METAL INDUSTRIES LIMITED

01631973

DURBIN METAL INDUSTRIES LIMITED Shareholders

amari metals engineering group limited

100%

Durbin Metal Industries Limited currently has 2 directors. The longest serving directors include Mr Andrew Roberts (Feb 2016) and Mr Philip Forster (Jun 2021).

officer	country	age	start	end	role
Mr Andrew Roberts	United Kingdom	49 years	Feb 2016	-	Director
Mr Philip Forster	United Kingdom	57 years	Jun 2021	-	Director

EXPORT

Durbin Metal Industries Limited's latest turnover from December 2022 is £20.8 million and the company has net assets of £2.9 million. According to their latest financial statements, Durbin Metal Industries Limited has 23 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	20,842,205	11,906,779	9,211,428	8,511,547	8,762,928	6,688,262	6,157,444	6,272,364	6,405,153	8,880,017	8,070,228	11,202,101	10,682,216	9,111,913
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,740,923	9,929,440	8,072,344	7,443,940	7,554,380	5,591,945	5,175,939	5,378,908	5,547,398	7,723,522	7,015,627	9,552,726	9,031,628	0
Gross Profit	4,101,282	1,977,339	1,139,085	1,067,606	1,208,548	1,096,317	981,505	893,456	857,755	1,156,495	1,054,601	1,649,375	1,650,588	0
Admin Expenses	1,675,394	772,305	1,152,740	1,074,546	1,342,561	1,828,875	1,819,800	2,027,957	1,099,714	1,838,617	1,118,398	1,630,764	1,507,682	217,006
Operating Profit	2,425,888	1,205,034	-13,655	-6,940	-134,013	-732,558	-838,295	-1,134,501	-241,959	-682,122	-63,797	18,611	142,906	-217,006
Interest Payable	0	0	6	1,177	93,463	93,609	86,344	66,867	44,981	14,442	0	0	0	0
Interest Receivable	0	0	258	792	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	2,425,888	1,205,034	-13,403	-7,325	-227,476	-826,167	-924,639	-1,201,368	-286,940	-696,564	-101,312	-16,157	102,313	-239,047
Tax	-468,479	-227,802	0	0	894,113	-13,756	2,468,057	29,193	-1,898	0	7,085	3,162	-15,955	14,694
Profit After Tax	1,957,409	977,232	-13,403	-7,325	666,637	-839,923	1,543,418	-1,172,175	-288,838	-696,564	-94,227	-12,995	86,358	-224,353
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,957,409	977,232	-13,403	-7,325	666,637	-839,923	1,543,418	-1,172,175	-288,838	-696,564	-94,227	-12,995	86,358	-224,353
Employee Costs	2,093,868	912,411	1,158,052	1,370,045	1,006,880	950,785	1,370,828	1,251,285	457,933	571,946	1,179,324	1,408,782	1,332,854	1,513,215
Number Of Employees	23	24	28	33	43	38	36	34	13	17	44	54	49	54
EBITDA*	2,460,138	1,237,645	342	11,571	-92,175	-677,921	-773,879	-1,012,653	-125,441	-624,307	-6,283	82,951	215,203	-132,287

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	186,499	148,543	150,882	14,342	29,068	70,906	109,948	199,512	558,286	576,132	361,089	82,358	109,401	175,300
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	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	0
Total Fixed Assets	186,499	148,543	150,882	14,342	29,068	70,906	109,948	199,512	558,286	576,132	361,089	82,358	109,401	175,300
Stock & work in progress	4,573,581	2,131,056	1,399,572	1,767,133	1,810,241	1,682,655	861,026	1,255,812	1,476,153	740,988	692,516	842,351	796,822	525,602
Trade Debtors	2,406,487	2,226,358	1,327,812	959,162	1,039,027	956,009	732,523	777,186	661,073	1,352,585	1,205,214	1,708,071	2,077,707	1,656,044
Group Debtors	2,488,358	963,710	555,564	596,571	748,484	669,427	2,838,526	498,909	127,014	0	320,813	194,079	862,950	782,291
Misc Debtors	251,395	200,667	189,058	111,888	91,605	130,205	131,769	91,789	53,023	0	82,173	62,847	66,572	82,980
Cash	1,015,956	690,364	304,250	210,992	240	143,493	64,602	12,295	74,803	0	0	148,476	88,291	70,981
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	10,735,777	6,212,155	3,776,256	3,645,746	3,689,597	3,581,789	4,628,446	2,635,991	2,392,066	2,093,573	2,300,716	2,955,824	3,892,342	3,117,898
total assets	10,922,276	6,360,698	3,927,138	3,660,088	3,718,665	3,652,695	4,738,394	2,835,503	2,950,352	2,669,705	2,661,805	3,038,182	4,001,743	3,293,198
Bank overdraft	0	0	0	0	34,673	0	0	0	0	0	444,267	503,275	487,235	231,417
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,911,295	3,074,720	1,493,020	1,202,761	1,495,436	899,566	1,035,687	1,090,077	339,595	2,899,442	786,355	849,892	1,214,965	1,153,840
Group/Directors Accounts	3,367,357	1,781,186	2,141,749	2,232,058	1,649,727	2,905,905	3,146,861	9,410	906,376	0	948,845	1,051,744	1,664,706	1,375,406
other short term finances	0	95	95	95	95	95	95	95	95	0	95	95	95	95
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,561,458	416,058	186,784	198,566	505,942	482,115	330,336	383,864	205,141	0	99,403	160,459	149,036	124,630
total current liabilities	7,840,110	5,272,059	3,821,648	3,633,480	3,685,873	4,287,681	4,512,979	1,483,446	1,451,207	2,899,442	2,278,965	2,565,465	3,516,037	2,885,388
loans	0	0	0	0	0	0	0	2,682,885	1,662,486	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	138,313	102,195	96,278	3,993	2,852	1,711	22,189	9,364	4,676	144,537	60,550	56,200	56,194	64,656
total long term liabilities	138,313	102,195	96,278	3,993	2,852	1,711	22,189	2,692,249	1,667,162	144,537	60,550	56,200	56,194	64,656
total liabilities	7,978,423	5,374,254	3,917,926	3,637,473	3,688,725	4,289,392	4,535,168	4,175,695	3,118,369	3,043,979	2,339,515	2,621,665	3,572,231	2,950,044
net assets	2,943,853	986,444	9,212	22,615	29,940	-636,697	203,226	-1,340,192	-168,017	-374,274	322,290	416,517	429,512	343,154
total shareholders funds	2,943,853	986,444	9,212	22,615	29,940	-636,697	203,226	-1,340,192	-168,017	-374,274	322,290	416,517	429,512	343,154

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	2,425,888	1,205,034	-13,655	-6,940	-134,013	-732,558	-838,295	-1,134,501	-241,959	-682,122	-63,797	18,611	142,906	-217,006
Depreciation	34,250	32,611	13,997	18,511	41,838	54,637	64,416	121,848	116,518	57,815	57,514	64,340	72,297	84,719
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-468,479	-227,802	0	0	894,113	-13,756	2,468,057	29,193	-1,898	0	7,085	3,162	-15,955	14,694
Stock	2,442,525	731,484	-367,561	-43,108	127,586	821,629	-394,786	-220,341	735,165	48,472	-149,835	45,529	271,220	525,602
Debtors	1,755,505	1,318,301	404,813	-211,495	123,475	-1,947,177	2,334,934	526,774	-511,475	-255,615	-356,797	-1,042,232	485,914	2,521,315
Creditors	-163,425	1,581,700	290,259	-292,675	595,870	-136,121	-54,390	750,482	-2,559,847	2,113,087	-63,537	-365,073	61,125	1,153,840
Accruals and Deferred Income	1,145,400	229,274	-11,782	-307,376	23,827	151,779	-53,528	178,723	205,141	-99,403	-61,056	11,423	24,406	124,630
Deferred Taxes & Provisions	36,118	5,917	92,285	1,141	1,141	-20,478	12,825	4,688	-139,861	83,987	4,350	6	-8,462	64,656
Cash flow from operations	-1,188,278	776,949	333,852	-332,736	1,171,715	429,051	-341,063	-356,000	-2,845,596	1,680,507	387,191	729,172	-480,817	-1,821,384
Investing Activities
capital expenditure	-72,206	-30,272	-150,537	-3,785	0	-15,595	25,148	236,926	-98,672	-272,858	-336,245	-37,297	-6,398	-260,019
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-72,206	-30,272	-150,537	-3,785	0	-15,595	25,148	236,926	-98,672	-272,858	-336,245	-37,297	-6,398	-260,019
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,586,171	-360,563	-90,309	582,331	-1,256,178	-240,956	3,137,451	-896,966	906,376	-948,845	-102,899	-612,962	289,300	1,375,406
Other Short Term Loans	-95	0	0	0	0	0	0	0	95	-95	0	0	0	95
Long term loans	0	0	0	0	0	0	-2,682,885	1,020,399	1,662,486	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	495,095	0	0	0	0	567,507
interest	0	0	252	-385	-93,463	-93,609	-86,344	-66,867	-44,981	-14,442	0	0	0	0
cash flow from financing	1,586,076	-360,563	-90,057	581,946	-1,349,641	-334,565	368,222	56,566	3,019,071	-963,382	-102,899	-612,962	289,300	1,943,008
cash and cash equivalents
cash	325,592	386,114	93,258	210,752	-143,253	78,891	52,307	-62,508	74,803	0	-148,476	60,185	17,310	70,981
overdraft	0	0	0	-34,673	34,673	0	0	0	0	-444,267	-59,008	16,040	255,818	231,417
change in cash	325,592	386,114	93,258	245,425	-177,926	78,891	52,307	-62,508	74,803	444,267	-89,468	44,145	-238,508	-160,436

P&L

December 2022

turnover

20.8m

+75%

operating profit

2.4m

+101%

gross margin

19.7%

+18.49%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

2.9m

+1.98%

total assets

10.9m

+0.72%

cash

+0.47%

net assets

Total assets minus all liabilities

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company number

01631973

Type

Private limited with Share Capital

industry

46720 - Wholesale of metals and metal ores

incorporation date

April 1982

age

accounts

Full Accounts

ultimate parent company

BRITANNIA METALS HOLDINGS LTD

previous names

N/A

incorporated

address

parkway house, unit 6 parkway industrial estate, wednesbury, west midlands, WS10 7WP

last accounts submitted

December 2022

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 18 charges/mortgages relating to durbin metal industries limited. Currently there are 1 open charges and 17 have been satisfied in the past.

durbin metal industries limited Company Information

durbin metal industries limited Estimated Valuation

durbin metal industries limited Estimated Valuation

durbin metal industries limited Estimated Valuation

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Durbin Metal Industries Limited Overview

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DURBIN METAL INDUSTRIES LIMITED financials

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