Duright Engineering Limited

Duright Engineering Ltd, based in the West Midlands, UK, is a small, active company established 22 years ago. Employing 43 people, the firm boasts assets of £1,199,832 and maintains a real address, operating with four directors and two owners. A Google rating of 4.0 from 34 reviews suggests positive customer experiences. The company regularly imports iron or steel products, with its last import operation occurring in July 2024.

Duright Engineering specializes in tube laser cutting and bending, serving a range of industries. Its website details a focus on precision engineering, utilizing advanced laser cutting machines to process tubes up to 8.5 meters in length. The company emphasizes its ability to offer next-day turnaround times and competitive pricing, investing in technology to maintain efficiency. Services extend beyond cutting to include bending, slotting, and secondary operations like plating and welding. The website also highlights reverse engineering capabilities and a commitment to providing technical support.

Financially, Duright Engineering’s latest report shows a mixed picture. While cash reserves increased by 33% to £370,000, net assets declined by 16% to £1,000,000. Trade debtors decreased significantly by 26%, suggesting improved collection practices, but creditors increased by 15% to £830,000. Bank borrowings surged by 3000%, reaching £150,000, and net losses deepened, indicating a need to manage expenses. The company qualifies as a small entity, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and is exempt from an audit. The report does not mention an auditor. The increase in bank borrowings, combined with the decline in equity, suggests Duright Engineering is investing in growth, but it will need to carefully monitor its financial position to ensure long-term stability.

Registered in England/Wales under the registration number 04724067, with a registered address at WS10 7DZ, West Midlands, Portway Road, Wednesbury.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.