duright engineering limited Company Information
Company Number
04724067
Website
www.duright.co.ukRegistered 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
View All
Shareholders
ross taylor 50%
elizabeth durkin 50%
duright engineering limited Estimated Valuation
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
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
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).
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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
4 Strong
3 Regular
5 Weak
Size
annual sales of £3m, make it smaller than the average company (£10.4m)
- Duright Engineering Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (1.8%)
- Duright Engineering Limited
1.8% - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
- Duright Engineering Limited
28.8% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (6.3%)
- Duright Engineering Limited
6.3% - Industry AVG
Employees
with 43 employees, this is below the industry average (72)
43 - Duright Engineering Limited
72 - Industry AVG
Pay Structure
on an average salary of £39.9k, the company has an equivalent pay structure (£39.9k)
- Duright Engineering Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £70.6k, this is less efficient (£134.6k)
- Duright Engineering Limited
£134.6k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (65 days)
- Duright Engineering Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (50 days)
- Duright Engineering Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 9 days, this is less than average (73 days)
- Duright Engineering Limited
73 days - Industry AVG
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
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
Duright Engineering Limited Competitor Analysis
Perform a competitor analysis for duright engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
Duright Engineering Limited currently has 3 directors. The longest serving directors include Mr Ross Taylor (Apr 2003) and Mrs Elizabeth Durkin (Apr 2003).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Ross Taylor | 55 years | Apr 2003 | - | Director | |
Mrs Elizabeth Durkin | United Kingdom | 52 years | Apr 2003 | - | Director |
Ms Anthea Taylor | 77 years | Apr 2003 | - | Director |
DURIGHT ENGINEERING LIMITED financials
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 House, Pomanda Estimates
Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 43 | 41 | 42 | 41 | 42 | 45 | 45 | 40 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,943,723 | 1,417,510 | 692,456 | 997,929 | 1,160,682 | 1,366,483 | 1,616,634 | 1,356,640 | 890,320 | 925,152 | 1,075,818 | 1,266,072 | 807,826 | 870,612 |
Intangible Assets | 2,643 | 13,214 | 23,785 | 34,356 | 44,927 | 55,498 | 66,069 | 76,640 | 87,211 | 97,782 | 108,353 | 118,924 | 129,495 | 140,066 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,904 | 25,904 | 25,904 | 25,904 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,946,366 | 1,430,724 | 716,241 | 1,032,285 | 1,205,609 | 1,421,981 | 1,682,703 | 1,433,280 | 1,003,435 | 1,048,838 | 1,210,075 | 1,410,900 | 937,321 | 1,010,678 |
Stock & work in progress | 58,038 | 77,167 | 86,267 | 34,167 | 22,407 | 55,056 | 92,092 | 17,995 | 16,630 | 15,225 | 21,720 | 28,500 | 29,630 | 26,650 |
Trade Debtors | 495,790 | 433,496 | 911,651 | 658,934 | 659,176 | 530,123 | 653,767 | 724,049 | 717,025 | 563,149 | 595,458 | 756,405 | 513,131 | 402,189 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 434,119 | 138,532 | 88,614 | 42,880 | 2 | 134 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 282,458 | 465,077 | 28,593 | 142 | 54,219 | 164 | 169,449 | 812 | 28,372 | 43,967 | 10,258 | 112 | 58,615 | 100 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,270,405 | 1,114,272 | 1,115,125 | 736,123 | 735,804 | 585,477 | 915,308 | 742,856 | 762,027 | 622,341 | 627,436 | 785,017 | 601,376 | 428,939 |
total assets | 3,216,771 | 2,544,996 | 1,831,366 | 1,768,408 | 1,941,413 | 2,007,458 | 2,598,011 | 2,176,136 | 1,765,462 | 1,671,179 | 1,837,511 | 2,195,917 | 1,538,697 | 1,439,617 |
Bank overdraft | 0 | 0 | 0 | 21,219 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 385,701 | 481,694 | 457,095 | 340,139 | 1,062,050 | 762,279 | 715,754 | 577,001 | 475,632 | 285,084 | 283,103 | 532,584 | 505,082 | 536,918 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 255,406 | 139,584 | 115,320 | 176,334 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 76,807 | 133,952 | 413,593 | 508,397 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 717,914 | 755,230 | 986,008 | 1,046,089 | 1,062,050 | 762,279 | 715,754 | 577,001 | 475,632 | 285,084 | 283,103 | 532,584 | 505,082 | 536,918 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 1,069,131 | 596,458 | 4,051 | 157,892 | 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 | 321,221 | 594,108 | 909,351 | 678,712 | 313,510 | 390,000 | 510,000 | 689,803 | 196,498 | 263,336 |
provisions | 228,031 | 223,714 | 92,737 | 119,000 | 135,710 | 142,986 | 185,465 | 209,058 | 122,230 | 106,268 | 116,372 | 116,372 | 98,563 | 96,945 |
total long term liabilities | 1,297,162 | 820,172 | 96,788 | 276,892 | 456,931 | 737,094 | 1,094,816 | 887,770 | 435,740 | 496,268 | 626,372 | 806,175 | 295,061 | 360,281 |
total liabilities | 2,015,076 | 1,575,402 | 1,082,796 | 1,322,981 | 1,518,981 | 1,499,373 | 1,810,570 | 1,464,771 | 911,372 | 781,352 | 909,475 | 1,338,759 | 800,143 | 897,199 |
net assets | 1,201,695 | 969,594 | 748,570 | 445,427 | 422,432 | 508,085 | 787,441 | 711,365 | 854,090 | 889,827 | 928,036 | 857,158 | 738,554 | 542,418 |
total shareholders funds | 1,201,695 | 969,594 | 748,570 | 445,427 | 422,432 | 508,085 | 787,441 | 711,365 | 854,090 | 889,827 | 928,036 | 857,158 | 738,554 | 542,418 |
Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 219,304 | 166,635 | 124,005 | 178,398 | 207,722 | 244,761 | 260,983 | 182,651 | 169,059 | 164,546 | 192,194 | 123,814 | 134,912 | 156,244 |
Amortisation | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 | 10,571 |
Tax | ||||||||||||||
Stock | -19,129 | -9,100 | 52,100 | 11,760 | -32,649 | -37,036 | 74,097 | 1,365 | 1,405 | -6,495 | -6,780 | -1,130 | 2,980 | 26,650 |
Debtors | 357,881 | -428,237 | 298,451 | 42,636 | 128,921 | -123,510 | -70,282 | 7,024 | 153,876 | -32,309 | -160,947 | 243,274 | 110,942 | 402,189 |
Creditors | -95,993 | 24,599 | 116,956 | -721,911 | 299,771 | 46,525 | 138,753 | 101,369 | 190,548 | 1,981 | -249,481 | 27,502 | -31,836 | 536,918 |
Accruals and Deferred Income | -57,145 | -279,641 | -94,804 | 508,397 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 4,317 | 130,977 | -26,263 | -16,710 | -7,276 | -42,479 | -23,593 | 86,828 | 15,962 | -10,104 | 0 | 17,809 | 1,618 | 96,945 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,904 | 0 | 0 | 0 | 25,904 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 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 | 0 |
Hire Purchase and Lease Commitments | 588,495 | 616,671 | -214,855 | 334,226 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | -321,221 | -272,887 | -315,243 | 230,639 | 365,202 | -76,490 | -120,000 | -179,803 | 493,305 | -66,838 | 263,336 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -182,619 | 436,484 | 28,451 | -54,077 | 54,055 | -169,285 | 168,637 | -27,560 | -15,595 | 33,709 | 10,146 | -58,503 | 58,515 | 100 |
overdraft | 0 | 0 | -21,219 | 21,219 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -182,619 | 436,484 | 49,670 | -75,296 | 54,055 | -169,285 | 168,637 | -27,560 | -15,595 | 33,709 | 10,146 | -58,503 | 58,515 | 100 |
P&L
February 2023turnover
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 2023net 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
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.
duright engineering limited Companies House Filings - See Documents
date | description | view/download |
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