Durite Limited
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Durite Limited - overview
Established
1936
Location
-, Essex, UK
Primary Industry
Automobiles, Other Vehicles & Parts
About
Based in Dovercourt, UK, and founded in 1936 by Frederick Gordon, Durite Limited provides vehicle safety, LED Lighting, and auto electrical parts for the commercial and general vehicle markets. The company also trades under Gordon Equipments and Nolten. In 1994, the company's Quality Control System was accredited to BS5750, followed by ISO9002, and BS EN ISO9001:2000 in 2003. Durite Limited has approximately 5,000 commercial vehicle products available via Durite's website and flagship catalog, as well as over 2,000 regional distributors throughout the UK and Ireland.
In 2021, Safe Fleet Holdings, LLC acquired Durite Limited. Durite Limited works with commercial vehicles markets such as automotive, leisure or marine, agricultural and industrial to provide vehicle safety, LED Lighting, and auto electrical parts that include lighting, switches, cable and wiring accessories, CCTV, electrical accessories, relays, and flasher units, replacement electrical components, and workshop and test equipment.
Current Investors
Safe Fleet Acquisition Corp.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Consumer Electronics, Automobiles, Other Vehicles & Parts, Solid State Lighting (SSL), Electronic Components, Electronic Coils & Transformers
Website
www.durite.co.uk
Verticals
E-commerce, Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Durite Limited - timeline of key events
Durite Limited - financials
| Fiscal Year Ended | Mar 31, 2009 | Mar 31, 2010 | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,600,000 | 9,100,000 | 9,900,000 | 10,292,426 | 10,416,890 | 10,856,855 | 11,695,225 | 12,733,713 | 14,225,674 | 14,968,191 | 16,401,486 | 17,480,415 | 19,146,765 | 16,557,023 | - | - | - |
| % Revenue Growth (YoY) | - | (5.2%) | 8.8% | 4.0% | 1.2% | 4.2% | 7.7% | 8.9% | 11.7% | 5.2% | 9.6% | 6.6% | 9.5% | - | - | - | - |
| EBITDA (USD) | 1,800,000 | 1,800,000 | 2,300,000 | 2,568,706 | 747,667 | 2,518,712 | 3,022,983 | 2,866,859 | 2,173,682 | 3,027,606 | 3,906,403 | 4,013,800 | (10,057,787) | 4,135,753 | - | - | - |
| Operating Income (USD) | 1,700,000 | 1,800,000 | 2,300,000 | 2,525,007 | 691,533 | 2,467,581 | 2,974,559 | 2,805,399 | 2,100,288 | 2,939,154 | 3,804,237 | 3,899,270 | (10,188,229) | 4,028,077 | - | - | - |
| Operating Margin | 17.7% | 19.8% | 23.2% | 24.5% | 6.6% | 22.7% | 25.4% | 22.0% | 14.8% | 19.6% | 23.2% | 22.3% | (53.2%) | 24.3% | - | - | - |
| % EBITDA Margin | 18.8% | 19.8% | 23.2% | 25.0% | 7.2% | 23.2% | 25.8% | 22.5% | 15.3% | 20.2% | 23.8% | 23.0% | (52.5%) | 25.0% | - | - | - |
| NET Income (USD) | 1,300,000 | 1,300,000 | 1,500,000 | 1,909,665 | 459,689 | 1,860,072 | 2,396,260 | 2,177,045 | 1,340,236 | 2,184,509 | 3,064,714 | 3,121,847 | (10,779,213) | 3,532,749 | - | - | - |
| % Net Margin | 13.5% | 14.3% | 15.2% | 18.6% | 4.4% | 17.1% | 20.5% | 17.1% | 9.4% | 14.6% | 18.7% | 17.9% | (56.3%) | 21.3% | - | - | - |
Durite Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Durite Limited | - |
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Durite Limited - employee data
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