Company Overview
Durite Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 31 March 1942, so this is a well established company. Durite Limited has been in business for 84 years. The accounts status is full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Durite Works, Valley Road, Dovercourt, Essex, CO12 4RX
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Companies House Data
Company NameDURITE LIMITED
Company Number00373113
Registered Office AddressDurite Works
 Valley Road
 CO12 4RX
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date31/03/1942
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryFULL
Returns Next Due Date16/02/2017
Returns Last Made Up Date19/01/2016
Previous Company NameChanged Date
GORDON EQUIPMENTS LIMITED09 Jul 2018
Directors & Members
Show Resigned
Brian Olsen - Director
(American, 57 years old, born April 1969)
Appointed 30 April 2024
 Active
Steven Powell - Director
(British, 49 years old, born June 1977)
Appointed 29 November 2022
 Active
Robert Willing - Director
(American, 58 years old, born April 1968)
Appointed 13 February 2024
 Active
Secretaries
Show Resigned
Other Company Directorships
Brian Olsen
LAB-CRAFT LIMITED
SAFE FLEET UK LIMITED
Steven Powell
ECCO SAFETY GROUP (UK) LIMITED
LAB-CRAFT LIMITED
SAFE FLEET UK LIMITED
Robert Willing
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 1,753,083 1,753,083 1,809,568
Current Assets 15,962,619 15,962,619 13,670,607
Creditors Due Within One Year 2,503,988 2,503,988 3,018,546
Working Cap 13,458,631 13,458,631 10,652,061
Total Assets Less Current Liabilities 15,211,714 15,211,714 12,461,629
Long-term Liabilities 14,711,714 14,711,714 11,961,629
Net Assets 500,000 500,000 500,000
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 500,000 500,000 500,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 9.9% 9.9% 11.7%
Stocks Inventory - - -
Debtors 29.4% 29.4% 30.8%
Cash Bank In Hand 23.7% 23.7% 7.7%
Current Assets 90.1% 90.1% 88.3%
Creditors Due Within One Year 14.1% 14.1% 19.5%
Net Current Assets Liabilities 76.0% 76.0% 68.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 2.8% 2.8% 3.2%
Capital Employed - - -
Total Assets Less Current Liabilities 85.9% 85.9% 80.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 6.4 6.4 4.5
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 17,715,702 17,715,702 15,480,175
Debt 17,215,702 17,215,702 14,980,175
Net Assets/Debt 500,000 500,000 500,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around CO12 4RX
No other companies found in the same location
Document Filings
Confirmation statement made on 19 January 2026 with no updates
Director's details changed for Brian Lynn Olsen on 9 September 2025
Director's details changed for Brian Olsen on 1 May 2025
Director's details changed for Brian Olsen on 17 April 2025
Confirmation statement made on 19 January 2025 with no updates
Director's details changed for Robert William Willing on 30 April 2024
Appointment of Brian Olsen as a director on 30 April 2024
Termination of appointment of Michael Schulte as a director on 30 April 2024
Appointment of Robert William Willing as a director on 13 February 2024
Termination of appointment of John Knox as a director on 13 February 2024
Termination of appointment of Charles Gessler as a director on 13 February 2024
Confirmation statement made on 19 January 2024 with no updates
Confirmation statement made on 19 January 2023 with no updates
Termination of appointment of Pierre Nadeau as a director on 23 November 2022
Appointment of Steven James Powell as a director on 29 November 2022
Confirmation statement made on 19 January 2022 with updates
Consolidation of shares on 18 January 2022
Memorandum and Articles of Association
Resolutions
Previous accounting period shortened from 31 March 2022 to 31 December 2021
Change of details for Safe Fleet Uk Limited as a person with significant control on 12 May 2021
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