Destec Engineering

Destec was formed in 1969, by the present owners of the company, and it has remained a Private Limited Company ever since. For over 40 years of trading the company has developed both products and services to industry, particularly where design and supply is concerned, with ‘High Pressure Containment’ and ‘On-Site Machining’ being the specialist lines. The management of the company had previously (1959 - 1969) been substantially involved in the design, manufacture, sales and marketing of ‘Ruston-Grayloc’ clamp-type pipe connectors and seals. From 1969 - 1972 Destec Engineering was engaged by Gray Tool Co. (Grayloc), to continue with all aspects of the high pressure pipe connector market, on its behalf. Since 1969 Destec have been committed to the design and manufacture of portable machine tools, partly for installation and servicing of company products, and also as a general On-Site Machining Service. Destec now have a most versatile and very wide range of in-house designed and manufactured portable machine tools that can undertake most machine shop operations on-site, on a world wide basis. Currently Destec has a fully equipped machine workshop with CNC turning capacity up to 1m diameter, vertical machining centres within 1.5m tables and a wide selection of general purpose machine tools enabling the company to offer a versatile machining facility. This is supplemented by: Welding/Fabrications PTFE coating unit Build, service and overhaul Full set of NDT equipment Inspection and Q.A department Stores and stock Packing and despatch etc Products and Services include: DESFLEX Compact Flanges G-RANGE 4-Bolt Clamped Connectors GSB Subsea Single Bolt Clamp Connectors DESTEC Boiler Inspection Caps D-SEAL Rings ON-SITE MACHINING, In-situ Machining ON-LINE Leak Sealing An experienced design staff provide supporting calculations and stress analysis for our products and use AutoCad, Inventor, Cosmos M finite element analysis and other in-house developed computer programmes. They are actively engaged in the design and development of our products. This includes building and operating test rigs. Our principle clients are within the Oil, Chemical and Petrochemical related industries, Power Generation, Steel, Marine and others. Destec Engineering operates a Quality System approved by Lloyds Register of Quality Assurance to BS EN ISO 9001:2000. Full traceability of all materials and conformance with exacting standards is ensured by a system operated by dedicated personnel backed up with the latest high technology equipment. Standard products are Lloyds Type Approved.
Company Growth (employees)
Type
Private
HQ
Washingborough, GB
Founded
1969
Size (employees)
34 (est)
Destec Engineering was founded in 1969 and is headquartered in Washingborough, GB

Destec Engineering Office Locations

Destec Engineering has an office in Washingborough
Washingborough, GB (HQ)
Five Mile Ln

Destec Engineering Financials and Metrics

Summary Metrics

Founding Date

1969

Destec Engineering Financials

Destec Engineering's revenue was reported to be £7.8 m in FY, 2016 which is a 24% decrease from the previous period.
GBP

Revenue (FY, 2016)

7.8 m

Revenue growth (FY, 2015 - FY, 2016), %

(24%)

Gross profit (FY, 2016)

2.9 m

Gross profit margin (FY, 2016), %

37%

Net income (FY, 2016)

300.6 k

Cash (29-Feb-2016)

4.6 m
GBPFY, 2014FY, 2015FY, 2016

Revenue

12 m10.3 m7.8 m

Revenue growth, %

(14%)(24%)

Cost of goods sold

7.4 m6.5 m5 m

Gross profit

4.6 m3.8 m2.9 m
GBPFY, 2014FY, 2015FY, 2016

Cash

3 m2.7 m4.6 m

Accounts Receivable

2 m3.9 m1.7 m

Current Assets

9.5 m9.5 m9.3 m

PP&E

2.9 m3.4 m3.2 m
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

1.4 m1.5 m2.2 m

Income Taxes Paid

(610.1 k)(168.4 k)(72.5 k)
Y, 2016

Financial Leverage

1.1 x
Show all financial metrics

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