FRANK G. GATES LIMITED
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Cash
£3.8M
+137.3% vs 2023
Net assets
£11M
+0.9% vs 2023
Employees
301
-0.3% vs 2023
Profit before tax
£3.1M
-7.4% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £211,347,148 | £195,166,277 | -7.7% | |
| Operating profit | £3,431,454 | £2,566,849 | -25.2% | |
| Profit before tax | £3,300,717 | £3,057,555 | -7.4% | |
| Net profit | £2,434,444 | £2,327,878 | -4.4% | |
| Cash | £1,611,042 | £3,823,563 | +137.3% | |
| Total assets less current liabilities | £11,448,248 | £11,560,947 | +1% | |
| Net assets | £11,171,881 | £11,269,558 | +0.9% | |
| Equity | £11,171,881 | £11,269,558 | +0.9% | |
| Average employees | 302 | 301 | -0.3% | |
| Wages | £14,473,056 | £13,960,465 | -3.5% | |
| Directors' remuneration | £1,858,188 | £1,433,392 | -22.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.6% | 1.3% | |
| Net margin | 1.2% | 1.2% | |
| Return on capital employed | 30.0% | 22.2% | |
| Current ratio | 1.21x | 1.15x | |
| Interest cover | 9.83x | 5.22x |
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
- 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
- FRANK G. GATES LIMITED · parent
- Gates Financial Solutions Limited 100%
- Gates Leasing Limited 100%
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
People
6 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELTON, John Steven | Director | 2017-07-01 | Jul 1974 | British |
| BENSON, Philip Lloyd | Director | 2018-08-01 | Feb 1975 | British |
| COOPER, Darren James | Director | 2017-07-01 | Oct 1977 | British |
| GREENALL, Heath | Director | 1996-04-01 | Oct 1967 | British |
| GREENALL, Jack, Mr. | Director | 2022-11-01 | Jun 1997 | British |
| GREENALL, Suzanne | Director | 2015-09-01 | Dec 1966 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, John Sartin | Secretary | — | 2013-04-01 |
| THREADGOLD, Robin Howard | Secretary | 2013-04-01 | 2018-06-30 |
| ALI, Mohammad Shoaib | Director | 2018-01-01 | 2020-01-31 |
| BOSHER, Peter Brian | Director | 2018-01-01 | 2023-08-07 |
| BRADY, Nicholas James | Director | — | 1996-08-31 |
| COLEMAN, John | Director | — | 1996-01-31 |
| COTTENDEN, Martin David | Director | — | 2016-03-31 |
| EDWARDS, John Sartin | Director | — | 2013-08-31 |
| GATES, Bryan Richard | Director | — | 1996-03-31 |
| GATES, Edward Frank | Director | — | 2013-03-31 |
| GATES, Richard Frank | Director | 1996-04-01 | 1998-10-01 |
| OVERS, Stuart John | Director | 2018-01-01 | 2023-08-07 |
| THREADGOLD, Robin Howard | Director | 2005-01-01 | 2018-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gates Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 255 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-15 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | CH01 | officers | Change person director company with change date | |
| 2024-07-09 | CH01 | officers | Change person director company with change date | |
| 2023-08-15 | AA | accounts | Accounts with accounts type full | |
| 2023-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-10 | AA | accounts | Accounts with accounts type full | |
| 2021-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-20 | AA | accounts | Accounts with accounts type full | |
| 2020-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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.