Thomas Bates & Son Limited

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thomas bates & son limited Company Information

Live

MatureSmallLow

Company Number

00218682

Website

www.thomasbates.co.uk

Registered Address

the old brickworks church road, harold wood, romford, essex, RM3 0JA

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Buying and selling of own real estate

Telephone

01708346777

Next Accounts Due

September 2024

Group Structure

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Directors

Michael Bates32 Years

Joshua Bates28 Years

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Shareholders

michael bates 40.7%

joshua james bates 40.2%

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thomas bates & son limited Estimated Valuation

£62.7m

Pomanda estimates the enterprise value of THOMAS BATES & SON LIMITED at £62.7m based on Net Assets of £41.7m and 1.5x industry multiple (adjusted for liquidity).

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Thomas Bates & Son Limited AI Business Plan

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Thomas Bates & Son Limited is a live company located in romford, RM3 0JA with a Companies House number of 00218682. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in January 1927, it's largest shareholder is michael bates with a 40.6% stake. Thomas Bates & Son Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with low growth in recent years.

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Pomanda's financial health check has awarded Thomas Bates & Son Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £1.8m, make it larger than the average company (£910.7k)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (1.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THOMAS BATES & SON LIMITED group structure

Thomas Bates & Son Limited has 1 subsidiary company.

Ultimate parent company

THOMAS BATES & SON LIMITED

00218682

1 subsidiary

LOWSHIRE LIMITED

00829201

THOMAS BATES & SON LIMITED Shareholders

michael bates	40.65%
joshua james bates	40.22%
zoe warren	11.99%
dennis anthony bates	7.14%

Thomas Bates & Son Limited currently has 4 directors. The longest serving directors include Mr Michael Bates (Apr 1992) and Mr Joshua Bates (Apr 1996).

officer	country	age	start	end	role
Mr Michael Bates		87 years	Apr 1992	-	Director
Mr Joshua Bates	England	55 years	Apr 1996	-	Director
Mr Joseph Jackson		41 years	Jan 2016	-	Director
Mr James Clark		41 years	Jan 2017	-	Director

EXPORT

Thomas Bates & Son Limited's latest turnover from December 2022 is estimated at £1.8 million and the company has net assets of £41.7 million. According to their latest financial statements, Thomas Bates & Son Limited has 14 employees and maintains cash reserves of £378.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,788,708	1,719,555	1,621,105	1,675,123	1,278,435	1,507,858	1,805,176	1,617,588	122,214,849	25,569,069	26,762,764	25,384,965	28,033,904	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	534,858	525,444	485,449	523,136	396,995	459,924	545,722	534,937	46,575,911	9,872,697	10,004,800	9,230,454	10,215,430	0
Gross Profit	1,253,850	1,194,112	1,135,656	1,151,987	881,440	1,047,934	1,259,454	1,082,651	75,638,937	15,696,372	16,757,964	16,154,510	17,818,474	0
Admin Expenses	519,464	-13,963,754	757,979	324,762	507,972	-1,658,910	-5,977,229	-6,845,202	59,448,552	15,144,324	15,511,597	16,275,351	17,904,179	-2,650,731
Operating Profit	734,386	15,157,866	377,677	827,225	373,468	2,706,844	7,236,683	7,927,853	16,190,385	552,048	1,246,367	-120,841	-85,705	2,650,731
Interest Payable	475,000	187,500	183,000	202,500	273,713	332,150	319,375	429,650	543,400	543,400	527,494	323,484	134,784	75,219
Interest Receivable	31,629	3,527	1,149	7,030	18,368	12,419	3,351	8,205	5,543	2,957	2,593	1,095	16	0
Pre-Tax Profit	291,015	14,973,893	195,826	631,754	118,123	2,387,114	6,920,659	7,506,409	15,652,528	11,605	721,466	-443,230	-220,472	2,575,513
Tax	-55,293	-2,845,040	-37,207	-120,033	-22,443	-453,552	-1,384,132	-1,501,282	-3,287,031	-2,669	-173,152	0	0	-721,143
Profit After Tax	235,722	12,128,853	158,619	511,721	95,680	1,933,562	5,536,527	6,005,127	12,365,497	8,936	548,314	-443,230	-220,472	1,854,369
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	235,722	12,128,853	158,619	511,721	95,680	1,933,562	5,536,527	6,005,127	12,365,497	8,936	548,314	-443,230	-220,472	1,854,369
Employee Costs	490,127	466,989	457,920	490,823	470,942	469,155	509,563	546,810	18,539,404	3,908,211	4,193,652	3,903,832	4,738,066	0
Number Of Employees	14	14	14	14	14	15	16	17	604	131	146	136	163	0
EBITDA*	827,433	15,249,233	468,211	915,181	460,477	2,808,545	7,337,610	8,035,295	16,299,688	631,185	1,315,428	-45,823	21,437	2,776,414

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	305,117	357,143	290,894	349,624	31,702,223	31,674,589	31,688,268	27,650,577	18,259,718	18,531,448	18,122,021	24,075,865	24,134,946	24,061,607
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	51,156,370	46,816,950	32,036,348	32,001,572	10,002	10,002	10,002	613,303	613,303	613,303	613,303	613,303	613,303	613,303
Debtors (Due After 1 year)	815,646	228,307	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	52,277,133	47,402,400	32,327,242	32,351,196	31,712,225	31,684,591	31,698,270	28,263,880	18,873,021	19,144,751	18,735,324	24,689,168	24,748,249	24,674,910
Stock & work in progress	223,410	209,848	186,178	158,672	150,231	122,999	351,323	314,295	293,974	966,653	593,404	626,699	634,775	601,649
Trade Debtors	226,676	248,709	205,522	173,757	106,737	153,031	188,491	152,063	17,335,183	3,722,510	3,921,681	3,691,884	3,533,732	4,065,891
Group Debtors	0	0	0	0	0	872	595,796	651,856	0	0	0	0	0	0
Misc Debtors	206,419	111,520	85,899	114,144	102,349	91,569	118,679	211,200	0	0	0	0	0	0
Cash	378,265	1,429,101	1,392,472	905,761	968,772	3,929,248	1,038,455	1,642,176	1,639,932	577,151	605,723	431,430	6,506	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,034,770	1,999,178	1,870,071	1,352,334	1,328,089	4,297,719	2,292,744	2,971,590	19,269,089	5,266,314	5,120,808	4,750,013	4,175,013	4,667,540
total assets	53,311,903	49,401,578	34,197,313	33,703,530	33,040,314	35,982,310	33,991,014	31,235,470	38,142,110	24,411,065	23,856,132	29,439,181	28,923,262	29,342,450
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	10,590	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	95,995	69,343	139,879	78,908	102,425	49,756	55,780	68,518	2,927,021	1,065,713	1,023,097	1,169,310	4,994,025	2,491,454
Group/Directors Accounts	10,002	10,002	10,002	10,002	10,002	9,998	596,140	3,448,771	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	41,692	61,202	28,801	37,940	30,694	9,632	52,505	34,475	0	0	0	0	0	0
other current liabilities	1,434,378	1,801,291	1,548,372	1,249,015	1,119,679	2,122,746	1,386,755	1,352,108	0	0	0	0	0	0
total current liabilities	1,582,067	1,941,838	1,727,054	1,375,865	1,262,800	2,192,132	2,091,180	4,903,872	2,927,021	1,065,713	1,023,097	1,179,900	4,994,025	2,491,454
loans	7,000,000	3,000,000	3,000,000	3,000,000	3,000,000	5,110,000	5,110,000	5,110,000	8,110,000	8,610,000	8,110,000	8,110,000	1,832,763	2,314,424
hp & lease commitments	22,361	30,025	2,799	17,607	14,464	2,408	33,225	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	34,475	34,662	0	20,750	1,506,412	3,779,056
provisions	3,021,130	2,979,092	145,690	146,907	111,620	122,020	134,421	135,937	150,079	145,652	176,933	194,522	212,823	159,805
total long term liabilities	10,043,491	6,009,117	3,148,489	3,164,514	3,126,084	5,234,428	5,277,646	5,245,937	8,294,554	8,790,314	8,286,933	8,325,272	3,551,998	6,253,285
total liabilities	11,625,558	7,950,955	4,875,543	4,540,379	4,388,884	7,426,560	7,368,826	10,149,809	11,221,575	9,856,027	9,310,030	9,505,172	8,546,023	8,744,739
net assets	41,686,345	41,450,623	29,321,770	29,163,151	28,651,430	28,555,750	26,622,188	21,085,661	26,920,535	14,555,038	14,546,102	19,934,009	20,377,239	20,597,711
total shareholders funds	41,686,345	41,450,623	29,321,770	29,163,151	28,651,430	28,555,750	26,622,188	21,085,661	26,920,535	14,555,038	14,546,102	19,934,009	20,377,239	20,597,711

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	734,386	15,157,866	377,677	827,225	373,468	2,706,844	7,236,683	7,927,853	16,190,385	552,048	1,246,367	-120,841	-85,705	2,650,731
Depreciation	93,047	91,367	90,534	87,956	87,009	101,701	100,927	107,442	109,303	79,137	69,061	75,018	107,142	125,683
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-55,293	-2,845,040	-37,207	-120,033	-22,443	-453,552	-1,384,132	-1,501,282	-3,287,031	-2,669	-173,152	0	0	-721,143
Stock	13,562	23,670	27,506	8,441	27,232	-228,324	37,028	20,321	-672,679	373,249	-33,295	-8,076	33,126	601,649
Debtors	660,205	297,115	3,520	78,815	-36,386	-657,494	-112,153	-16,320,064	13,612,673	-199,171	229,797	158,152	-532,159	4,065,891
Creditors	26,652	-70,536	60,971	-23,517	52,669	-6,024	-12,738	-2,858,503	1,861,308	42,616	-146,213	-3,824,715	2,502,571	2,491,454
Accruals and Deferred Income	-366,913	252,919	299,357	129,336	-1,003,067	735,991	34,647	1,352,108	0	0	0	0	0	0
Deferred Taxes & Provisions	42,038	2,833,402	-1,217	35,287	-10,400	-12,401	-1,516	-14,142	4,427	-31,281	-17,589	-18,301	53,018	159,805
Cash flow from operations	-199,850	15,099,193	759,089	848,998	-513,610	3,958,377	6,048,996	21,313,219	1,938,398	465,773	781,972	-4,038,915	3,076,059	38,990
Investing Activities
capital expenditure	-41,021	-157,616	-31,804	31,264,643	-114,643	-88,022	-4,138,618	-9,498,301	162,427	-488,564	5,884,783	-15,937	-180,481	-24,187,290
Change in Investments	4,339,420	14,780,602	34,776	31,991,570	0	0	-603,301	0	0	0	0	0	0	613,303
cash flow from investments	-4,380,441	-14,938,218	-66,580	-726,927	-114,643	-88,022	-3,535,317	-9,498,301	162,427	-488,564	5,884,783	-15,937	-180,481	-24,800,593
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	4	-586,142	-2,852,631	3,448,771	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	4,000,000	0	0	0	-2,110,000	0	0	-3,000,000	-500,000	500,000	0	6,277,237	-481,661	2,314,424
Hire Purchase and Lease Commitments	-27,174	59,627	-23,947	10,389	33,118	-73,690	51,255	34,475	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-34,475	-187	34,662	-20,750	-1,485,662	-2,272,644	3,779,056
share issue	0	0	0	0	0	0	0	-11,840,001	0	0	-5,936,221	0	0	18,743,342
interest	-443,371	-183,973	-181,851	-195,470	-255,345	-319,731	-316,024	-421,445	-537,857	-540,443	-524,901	-322,389	-134,768	-75,219
cash flow from financing	3,529,455	-124,346	-205,798	-185,081	-2,332,223	-979,563	-3,117,400	-11,812,675	-1,038,044	-5,781	-6,481,872	4,469,186	-2,889,073	24,761,603
cash and cash equivalents
cash	-1,050,836	36,629	486,711	-63,011	-2,960,476	2,890,793	-603,721	2,244	1,062,781	-28,572	174,293	424,924	6,506	0
overdraft	0	0	0	0	0	0	0	0	0	0	-10,590	10,590	0	0
change in cash	-1,050,836	36,629	486,711	-63,011	-2,960,476	2,890,793	-603,721	2,244	1,062,781	-28,572	184,883	414,334	6,506	0

P&L

December 2022

turnover

1.8m

+4%

operating profit

734.4k

gross margin

70.1%

+0.94%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

41.7m

+0.01%

total assets

53.3m

+0.08%

cash

378.3k

-0.74%

net assets

Total assets minus all liabilities

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company number

00218682

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

incorporation date

January 1927

age

accounts

Small Company

ultimate parent company

None

previous names

N/A

incorporated

address

the old brickworks church road, harold wood, romford, essex, RM3 0JA

last accounts submitted

December 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 27 charges/mortgages relating to thomas bates & son limited. Currently there are 3 open charges and 24 have been satisfied in the past.

thomas bates & son limited Company Information

thomas bates & son limited Estimated Valuation

thomas bates & son limited Estimated Valuation

thomas bates & son limited Estimated Valuation

Thomas Bates & Son Limited AI Business Plan

Thomas Bates & Son Limited Overview

Thomas Bates & Son Limited Health Check

thomas bates & son limited Credit Report and Business Information

Thomas Bates & Son Limited Competitor Analysis

thomas bates & son limited Ownership

thomas bates & son limited directors

THOMAS BATES & SON LIMITED financials

thomas bates & son limited company details

thomas bates & son limited Charges & Mortgages

thomas bates & son limited Companies House Filings - See Documents