duright engineering limited

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duright engineering limited Company Information

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Company Number

04724067

Registered Address

portway road, wednesbury, west midlands, WS10 7DZ

Industry

Manufacture of other fabricated metal products n.e.c.

 

Machining

 

Telephone

01215567718

Next Accounts Due

November 2024

Group Structure

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Directors

Ross Taylor20 Years

Elizabeth Durkin20 Years

View All

Shareholders

ross taylor 50%

elizabeth durkin 50%

duright engineering limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of DURIGHT ENGINEERING LIMITED at £1.6m based on a Turnover of £3m and 0.51x industry multiple (adjusted for size and gross margin).

duright engineering limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of DURIGHT ENGINEERING LIMITED at £1.9m based on an EBITDA of £501.5k and a 3.71x industry multiple (adjusted for size and gross margin).

duright engineering limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of DURIGHT ENGINEERING LIMITED at £2.3m based on Net Assets of £1.2m and 1.9x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from February 2023 

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Duright Engineering Limited Overview

Duright Engineering Limited is a live company located in west midlands, WS10 7DZ with a Companies House number of 04724067. It operates in the machining sector, SIC Code 25620. Founded in April 2003, it's largest shareholder is ross taylor with a 50% stake. Duright Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Duright Engineering Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £3m, make it smaller than the average company (£10.4m)

£3m - Duright Engineering Limited

£10.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (1.8%)

0% - Duright Engineering Limited

1.8% - Industry AVG

production

Production

with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)

28.8% - Duright Engineering Limited

28.8% - Industry AVG

profitability

Profitability

an operating margin of 9% make it more profitable than the average company (6.3%)

9% - Duright Engineering Limited

6.3% - Industry AVG

employees

Employees

with 43 employees, this is below the industry average (72)

43 - Duright Engineering Limited

72 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.9k, the company has an equivalent pay structure (£39.9k)

£39.9k - Duright Engineering Limited

£39.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £70.6k, this is less efficient (£134.6k)

£70.6k - Duright Engineering Limited

£134.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is near the average (65 days)

59 days - Duright Engineering Limited

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 65 days, this is slower than average (50 days)

65 days - Duright Engineering Limited

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is less than average (73 days)

9 days - Duright Engineering Limited

73 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (11 weeks)

20 weeks - Duright Engineering Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 62.6%, this is a higher level of debt than the average (47%)

62.6% - Duright Engineering Limited

47% - Industry AVG

duright engineering limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Duright Engineering Limited Competitor Analysis

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duright engineering limited Ownership

DURIGHT ENGINEERING LIMITED group structure

Duright Engineering Limited has no subsidiary companies.

Ultimate parent company

DURIGHT ENGINEERING LIMITED

04724067

DURIGHT ENGINEERING LIMITED Shareholders

ross taylor 50%
elizabeth durkin 50%

duright engineering limited directors

Duright Engineering Limited currently has 3 directors. The longest serving directors include Mr Ross Taylor (Apr 2003) and Mrs Elizabeth Durkin (Apr 2003).

officercountryagestartendrole
Mr Ross Taylor55 years Apr 2003- Director
Mrs Elizabeth DurkinUnited Kingdom52 years Apr 2003- Director
Ms Anthea Taylor77 years Apr 2003- Director

DURIGHT ENGINEERING LIMITED financials

EXPORTms excel logo

Duright Engineering Limited's latest turnover from February 2023 is estimated at £3 million and the company has net assets of £1.2 million. According to their latest financial statements, Duright Engineering Limited has 43 employees and maintains cash reserves of £282.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover3,035,0452,753,6553,775,9123,070,3823,722,9943,235,3903,463,6713,419,5972,693,0131,935,5192,085,0862,678,7172,050,3032,128,931
Other Income Or Grants00000000000000
Cost Of Sales2,162,1001,952,8582,707,5682,153,9122,639,7522,245,8132,382,4042,363,0071,865,2181,336,9631,441,4881,871,0521,424,1071,467,448
Gross Profit872,945800,7981,068,344916,4701,083,242989,5771,081,2671,056,590827,794598,556643,598807,665626,196661,483
Admin Expenses601,351529,163693,461887,5691,169,0991,269,357986,3851,199,388863,712636,901550,363647,536353,932-90,486
Operating Profit271,594271,635374,88328,901-85,857-279,78094,882-142,798-35,918-38,34593,235160,129272,264751,969
Interest Payable006477160000000000
Interest Receivable14,9511,2341420420442421373181136261471470
Pre-Tax Profit286,544272,869374,25128,389-85,653-279,35695,095-142,725-35,737-38,20993,261160,276272,411751,969
Tax-54,443-51,845-71,108-5,39400-19,019000-22,383-41,672-76,275-210,551
Profit After Tax232,101221,024303,14322,995-85,653-279,35676,076-142,725-35,737-38,20970,878118,604196,136541,418
Dividends Paid00000000000000
Retained Profit232,101221,024303,14322,995-85,653-279,35676,076-142,725-35,737-38,20970,878118,604196,136541,418
Employee Costs1,714,2201,556,7761,561,9011,520,0791,486,6131,578,3891,540,0321,355,317801,276592,171593,497734,686592,415588,904
Number Of Employees4341424142454540241818231919
EBITDA*501,469448,841509,459217,870132,436-24,448366,43650,424143,712136,772296,000294,514417,747918,784

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets1,943,7231,417,510692,456997,9291,160,6821,366,4831,616,6341,356,640890,320925,1521,075,8181,266,072807,826870,612
Intangible Assets2,64313,21423,78534,35644,92755,49866,06976,64087,21197,782108,353118,924129,495140,066
Investments & Other0000000025,90425,90425,90425,90400
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,946,3661,430,724716,2411,032,2851,205,6091,421,9811,682,7031,433,2801,003,4351,048,8381,210,0751,410,900937,3211,010,678
Stock & work in progress58,03877,16786,26734,16722,40755,05692,09217,99516,63015,22521,72028,50029,63026,650
Trade Debtors495,790433,496911,651658,934659,176530,123653,767724,049717,025563,149595,458756,405513,131402,189
Group Debtors00000000000000
Misc Debtors434,119138,53288,61442,880213400000000
Cash282,458465,07728,59314254,219164169,44981228,37243,96710,25811258,615100
misc current assets00000000000000
total current assets1,270,4051,114,2721,115,125736,123735,804585,477915,308742,856762,027622,341627,436785,017601,376428,939
total assets3,216,7712,544,9961,831,3661,768,4081,941,4132,007,4582,598,0112,176,1361,765,4621,671,1791,837,5112,195,9171,538,6971,439,617
Bank overdraft00021,2190000000000
Bank loan00000000000000
Trade Creditors 385,701481,694457,095340,1391,062,050762,279715,754577,001475,632285,084283,103532,584505,082536,918
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments255,406139,584115,320176,3340000000000
other current liabilities76,807133,952413,593508,3970000000000
total current liabilities717,914755,230986,0081,046,0891,062,050762,279715,754577,001475,632285,084283,103532,584505,082536,918
loans00000000000000
hp & lease commitments1,069,131596,4584,051157,8920000000000
Accruals and Deferred Income00000000000000
other liabilities0000321,221594,108909,351678,712313,510390,000510,000689,803196,498263,336
provisions228,031223,71492,737119,000135,710142,986185,465209,058122,230106,268116,372116,37298,56396,945
total long term liabilities1,297,162820,17296,788276,892456,931737,0941,094,816887,770435,740496,268626,372806,175295,061360,281
total liabilities2,015,0761,575,4021,082,7961,322,9811,518,9811,499,3731,810,5701,464,771911,372781,352909,4751,338,759800,143897,199
net assets1,201,695969,594748,570445,427422,432508,085787,441711,365854,090889,827928,036857,158738,554542,418
total shareholders funds1,201,695969,594748,570445,427422,432508,085787,441711,365854,090889,827928,036857,158738,554542,418
Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit271,594271,635374,88328,901-85,857-279,78094,882-142,798-35,918-38,34593,235160,129272,264751,969
Depreciation219,304166,635124,005178,398207,722244,761260,983182,651169,059164,546192,194123,814134,912156,244
Amortisation10,57110,57110,57110,57110,57110,57110,57110,57110,57110,57110,57110,57110,57110,571
Tax-54,443-51,845-71,108-5,39400-19,019000-22,383-41,672-76,275-210,551
Stock-19,129-9,10052,10011,760-32,649-37,03674,0971,3651,405-6,495-6,780-1,1302,98026,650
Debtors357,881-428,237298,45142,636128,921-123,510-70,2827,024153,876-32,309-160,947243,274110,942402,189
Creditors-95,99324,599116,956-721,911299,77146,525138,753101,369190,5481,981-249,48127,502-31,836536,918
Accruals and Deferred Income-57,145-279,641-94,804508,3970000000000
Deferred Taxes & Provisions4,317130,977-26,263-16,710-7,276-42,479-23,59386,82815,962-10,104017,8091,61896,945
Cash flow from operations-40,547710,26883,689-72,144328,659140,144458,762230,232194,941167,453191,86356,009197,332913,257
Investing Activities
capital expenditure-745,517-891,689181,468-15,645-1,9215,390-520,977-648,971-134,227-13,880-1,940-582,060-72,126-1,177,493
Change in Investments0000000-25,90400025,90400
cash flow from investments-745,517-891,689181,468-15,645-1,9215,390-520,977-623,067-134,227-13,880-1,940-607,964-72,126-1,177,493
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments588,495616,671-214,855334,2260000000000
other long term liabilities000-321,221-272,887-315,243230,639365,202-76,490-120,000-179,803493,305-66,838263,336
share issue00000000000001,000
interest14,9511,234-633-51220442421373181136261471470
cash flow from financing603,446617,905-215,48812,493-272,683-314,819230,852365,275-76,309-119,864-179,777493,452-66,691264,336
cash and cash equivalents
cash-182,619436,48428,451-54,07754,055-169,285168,637-27,560-15,59533,70910,146-58,50358,515100
overdraft00-21,21921,2190000000000
change in cash-182,619436,48449,670-75,29654,055-169,285168,637-27,560-15,59533,70910,146-58,50358,515100

P&L

February 2023

turnover

3m

+10%

operating profit

271.6k

0%

gross margin

28.8%

-1.1%

turnover

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

Balance Sheet

February 2023

net assets

1.2m

+0.24%

total assets

3.2m

+0.26%

cash

282.5k

-0.39%

net assets

Total assets minus all liabilities

duright engineering limited company details

company number

04724067

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

25620 - Machining

incorporation date

April 2003

age

21

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

portway road, wednesbury, west midlands, WS10 7DZ

last accounts submitted

February 2023

duright engineering 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 did not find charges/mortgages relating to duright engineering limited.

charges

duright engineering limited Companies House Filings - See Documents

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