{"name":"DURITE LIMITED","company_number":"00373113","status":"Active","type":"Private Limited Company","incorporated":"1942-03-31","dissolved":null,"registered_office":"Durite Works, Valley Road, Dovercourt, Essex, United Kingdom, CO12 4RX","postcode":"CO12 4RX","sic_codes":[{"code":45310,"description":"Wholesale trade of motor vehicle parts and accessories"}],"principal_activity":"The principal activity of the company continued to be that of","previous_names":[{"name":"GORDON EQUIPMENTS LIMITED","changed_on":"2018-07-09"},{"name":"HYGRADE PRODUCTS LIMITED","changed_on":"1991-04-01"}],"warnings":[],"accounts":{"category":"Full","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":66,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","profit_loss":4906570,"net_assets":9786087,"cash":1946990,"average_employees":66},{"financial_date":"2024-12-31","profit_loss":7151329,"net_assets":14500075,"cash":2807457,"average_employees":81},{"financial_date":"2023-12-31","profit_loss":5592903,"net_assets":20618703,"cash":3397600,"average_employees":83},{"financial_date":"2022-12-31","net_assets":15041638,"cash":4191683},{"financial_date":"2021-12-31","turnover":16557023,"net_assets":12266398,"cash":1190013}],"officers":{"current":4,"resigned":15,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2026-09-15","kind":"other"},{"date":"2026-07-28","kind":"other"}],"insolvency_outcome":null,"ai_summary":"Durite Limited presents a mixed risk profile: operationally strong with 25% revenue growth and 41% gross margins, but financially vulnerable due to aggressive dividend extraction under new private equity ownership. The £13.27M dividend payout against £7.15M profit has materially reduced net assets, and combined with significant board turnover and complex ownership control, suggests the company is being managed for parent entity returns rather than standalone financial resilience. While currently solvent with a clean audit, continued capital extraction at this rate could erode the company's ability to self-fund operations and weather economic downturns.","website":"http://durite.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/durite","people":"https://www.companiesintheuk.co.uk/company/durite/people","filing_history":"https://www.companiesintheuk.co.uk/company/durite/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/00373113","financials":"https://www.companiesintheuk.co.uk/company/durite/financial","gazette":"https://www.companiesintheuk.co.uk/company/durite/gazette","control":"https://www.companiesintheuk.co.uk/company/durite/control","charges":"https://www.companiesintheuk.co.uk/company/durite/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/durite/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/durite"}