FRANK G. GATES LIMITED

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 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. FRANK G. GATES LIMITED · parent
   1. Gates Financial Solutions Limited 100% · UK · Dormant
   2. Gates Leasing Limited 100% · UK · Vehicle leasing

Significant events

• “Under regulatory pressure from the ZEV mandate and VETS targets, Ford Motor Company adopted commercial strategies to prioritise the stimulation of BEV sales volume over ICE vehicles.”
• “External factors significantly disrupted UK dealerships, as we suspended the sale of GAP insurance products for much of the year at the request of the Financial Conduct Authority.”
• “In August, Ford Motor Company unexpectedly suspended operations at its UK parts distribution centre due to an urgent health and safety concern.”
• “Upgrade work at the new Waltham Cross dealership was completed in February 2024 and the extended showroom can incorporate Ford commercial vehicles as an additional revenue stream.”
• “The decision to embark on new manufacturer partnerships with both BYD and Chery (Omoda and Jaecoo brands), to introduce complementary franchises into existing showrooms during 2025.”

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

Filings

2

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

  -7.7%

  £211,347,148 → £195,166,277

• Cash

  +137.3%

  £1,611,042 → £3,823,563

• Net assets

  +0.9%

  £11,171,881 → £11,269,558

• Employees

  -0.3%

  302 → 301

• Operating profit

  -25.2%

  £3,431,454 → £2,566,849

• Profit before tax

  -7.4%

  £3,300,717 → £3,057,555

• Wages

  -3.5%

  £14,473,056 → £13,960,465

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