GATES GROUP LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. GATES GROUP LIMITED 1995-11-08 → present
2. GOULDITAR NO. 447 LIMITED 1995-08-04 → 1995-11-08

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

Consolidated group

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 group's and parent 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. GATES GROUP LIMITED · parent
   1. Frank G. Gates Limited 100% · UK · Garage proprietors
   2. Gates Financial Solutions Limited 100% · UK · Dormant company
   3. Gates Leasing Limited 100% · UK · Vehicle leasing

Significant events

• “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.”
• “Subsequent to the reporting date, the company repurchased 7,143 of its own shares from a shareholder for a total consideration of £50,001. The transaction was approved by the board on 18 February 2025 and completed on 30 April 2025.”
• “On 30 April 2025 the company redeemed 7143 "C" Cumulative preference shares.”

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

Filings

14

last 12 months

Capital events

4

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%

  £211,439,962 → £195,187,129

• Cash

  +59.7%

  £2,930,010 → £4,679,091

• Net assets

  +0.7%

  £36,632,104 → £36,889,562

• Employees

  -0.3%

  302 → 301

• Operating profit

  -21.8%

  £5,715,983 → £4,469,975

• Profit before tax

  -36.5%

  £4,025,939 → £2,554,596

• 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