TATE BROS. LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-03 (in 6mo)
Last made up 2025-10-20
Watchouts
Cash
£14M
-28.7% vs 2023
Net assets
£42M
+0.5% vs 2023
Employees
—
Average over period
Profit before tax
£2M
-11.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £3,233,917 | £3,387,726 | |
| Operating profit | £2,500,183 | £1,931,475 | |
| Profit before tax | £2,762,466 | £2,450,436 | |
| Net profit | £2,005,469 | £1,719,463 | |
| Cash | £20,027,836 | £14,281,599 | |
| Total assets less current liabilities | £43,099,128 | £43,322,012 | |
| Net assets | £42,185,361 | £42,404,824 | |
| Equity | £42,185,361 | £42,404,824 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 77.3% | 57.0% | |
| Net margin | 62.0% | 50.8% | |
| Return on capital employed | 5.8% | 4.5% | |
| Current ratio | 0.92x | 0.66x | |
| Interest cover | 363.56x | 191.88x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UHY Hacker Young (S.E.) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Despite the company having net current liabilities of £7.7m at 31 December 2024 (2023: net current liabilities £1.9m), the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- TATE BROS. LIMITED · parent
- Portslade Garages Limited 100%
- Tates of Pyecombe Limited 100%
- Tates of Brighton Limited 100%
- Hangleton Motors Limited 100%
- Tates (Sussex) Limited 100%
- Tates of Portslade Limited 100%
Significant events
- “The company has also invested over £6m in additions, improvements and repairs to both their freehold and investment properties.”
- “The company, under a group VAT registration, is jointly and severally liable for VAT due by Tates of Pyecombe Limited, Tates of Sussex Limited, Tates Property Limited and Portslade Garages Limited. At 31 December 2024 this was £448,799 (2023: £800,432).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATTERSON, David Stephen | Secretary | 2015-07-01 | — | — |
| MEADOWS, Trevor Ian | Director | — | Jun 1960 | British |
| TATE, Benjamin John | Director | 2025-06-23 | Sep 1991 | British |
| TATE, Jonathan David | Director | — | Sep 1960 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COMPTON, David Horace | Secretary | — | 1993-12-31 |
| GENTRY, Nicholas Roy | Secretary | 1994-01-01 | 2015-06-30 |
| COMPTON, David Horace | Director | — | 1993-12-31 |
| MCCARTHY, Derek | Director | — | 1996-12-31 |
| TATE, John Edward | Director | — | 2015-11-15 |
| TATE, Molly Jean | Director | — | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tates Of Sussex Limited | Corporate entity | Shares 75–100% | 2024-10-01 | Active |
| Mr Jonathan David Tate | Individual | Significant influence, significant-influence-or-control-as-firm | 2016-04-06 | Ceased 2024-10-01 |
Filing timeline
Last 20 of 116 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-08-12 | CH01 | officers | Change person director company with change date | |
| 2025-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-10 | AA | accounts | Accounts with accounts type full | |
| 2023-11-17 | AA | accounts | Accounts with accounts type full | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-21 | CH01 | officers | Change person director company with change date | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-17 | AA | accounts | Accounts with accounts type full | |
| 2020-12-03 | AA | accounts | Accounts with accounts type full | |
| 2020-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-08-15 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.8%
£3,233,917 £3,387,726
-
Cash
-28.7%
£20,027,836 £14,281,599
-
Net assets
+0.5%
£42,185,361 £42,404,824
-
Employees
—
Not reported
-
Operating profit
-22.7%
£2,500,183 £1,931,475
-
Profit before tax
-11.3%
£2,762,466 £2,450,436
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