GATES (U.K.) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. GATES (U.K.) LIMITED 1992-10-01 → present
2. GATES RUBBER COMPANY LIMITED (THE) 1987-04-01 → 1992-10-01
3. UNIROYAL LIMITED 1888-08-09 → 1987-04-01

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Gates Finance Limited, an indirect parent of the Company (and who in turn accesses funds from other subsidiaries in the Gates Group as part of the cash pooling agreements), has confirmed, through a letter of support, that Gates (U.K.) Limited's intercompany borrowings from Gates Finance Limited will not be recalled and it will continue to have access to the group cash pooling arrangement for at least 12 months from the date of signing. Accordingly, the Company will have access to sufficient resources to meet its day to day working capital requirements. Forecasts and projections prepared for the Gates Group including those of its subsidiaries on a consolidated basis, show that it should be able to operate within the level of support available to it. Based on these evaluations, the directors have a reasonable expectation that Gates (U.K) Limited has adequate resources and support to continue in operational existence for the 12 months following on from the signing of these financial statements.”

Significant events

• “On 7 January 2025, the ownership of Gates UK Ltd changed from Gates SARL Ltd to Gates Finance. This transaction occurred after the reporting date and is therefore a post year-end event. It does not affect the amounts recognised in the financial statements for the year ended 28th December 2024.”

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

Filings

7

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

  -13.7%

  £186,399,000 → £160,800,000

• Cash

  —

  Not reported

• Net assets

  +13.2%

  £32,542,000 → £36,842,000

• Employees

  -10.3%

  575 → 516

• Operating profit

  -16.3%

  £7,719,000 → £6,457,000

• Profit before tax

  -14.1%

  £8,361,000 → £7,180,000

• Wages

  -7.6%

  £24,870,000 → £22,980,000

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