DURBIN PLC

1. DURBIN PLC 2000-05-10 → present
2. DURBIN HOLDINGS LIMITED 1998-12-11 → 2000-05-10
3. FONTLEA LIMITED 1998-09-04 → 1998-12-11

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has net current liabilities at 31 December 2024 of £8.4 million and shareholder's deficit of £7.2 million. The directors have made appropriate enquiries and carried out a review of the Company's forecasts, projections, available banking facilities and support from its ultimate parent, taking account of possible changes in trading performance and considering business risk. Recognising the reliance on the support of the parent company, the directors have enquired into and are satisfied as to the ability of the parent company to provide financial support if required. Having regard to the factors noted above, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of 12 months from the date of approval of these financial statements. As a result, the directors believe that it is appropriate to continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “During 2024, revenue was down to £36,243,000 from £40,852,000, with gross margin percentage increasing to 19.0% from 16.8%. Resulting gross margin was £6,888,000 for 2024, increased from £6,873,000 in 2023. During the year, management focused on improving its profit margin by focusing on higher margin business lines, this included increased sales into the MENA region for the second half of the year, generating higher margins. This was offset by a fall in expanded access revenue with the expected conclusion of certain contracts. At the end of the year the Company was in a net liability position of £7,219,000 with a loss for the financial year of £3,937,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

1

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.3%

  £40,852,000 → £36,243,000

• Cash

  +7.6%

  £5,077,000 → £5,461,000

• Net assets

  -119.2%

  -£3,293,000 → -£7,219,000

• Employees

  +3.9%

  103 → 107

• Operating profit

  -46.9%

  -£3,282,000 → -£4,822,000

• Profit before tax

  -47.7%

  -£3,185,000 → -£4,704,000

• Wages

  -5.8%

  £4,385,000 → £4,131,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers