Durite Limited

Durite Ltd, based in Dovercourt, UK, is a large, holding company with an active status, celebrating 83 years since its incorporation in 1942. Employing 82 people, the company holds £22,353,997 in assets and operates a real address, managed by three directors and one owner. A thriving e-commerce site complements its business, and it enjoys a Google rating of 4.0 based on 28 reviews. Durite Ltd is a regular importer and exporter of electrical machinery and equipment, with 1204 months of import activity and 416 months of export activity recorded, the latest operations occurring in January 2025.

The company’s website showcases Durite as a leading supplier of auto electrical parts and accessories, catering to the commercial and general vehicle aftermarket. It emphasizes quality products and outstanding customer service, with a focus on the Durite brand. The website also highlights its commitment to innovation, offering self-play system integrations and disaster recovery services for damaged pianos—a surprising diversification.

Financially, Durite Ltd presents a mixed picture. Current assets increased by 40% to £22,353,997, while net assets rose by 79% to £19,000,000. Bank borrowings remained relatively stable, and cash reserves increased by 19% to £3,400,000. However, administrative expenses increased by 12%, and director remuneration decreased by 20%. The company’s large size (meeting two of three criteria for a large company) suggests a robust operation, but the rise in expenses warrants closer scrutiny. No auditor is mentioned, which is likely due to its size.

The company’s consistent import and export activity, combined with its strong online presence, indicates a well-established business. The diversification into piano restoration—while unexpected—could represent a strategic move to broaden its revenue streams. It’s clear that Durite Ltd is a resilient and adaptable company, navigating the challenges of a competitive market with a long history of success.

Registered in England/Wales under the registration number 00373113, with a registered address at CO12 4RX, United Kingdom, Dovercourt, Essex, Durite Works, Valley Road.

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