easygates limited Company Information
Company Number
03051720
Website
www.easygates.co.ukRegistered Address
unit 16 james scott road, halesowen, west midlands, B63 2QT
Industry
Wholesale of other machinery and equipment
Telephone
01384569942
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
tony david daniels-gooding 28.4%
lyndsey daniels-gooding 24.2%
View Alleasygates limited Estimated Valuation
Pomanda estimates the enterprise value of EASYGATES LIMITED at £3m based on a Turnover of £6.1m and 0.5x industry multiple (adjusted for size and gross margin).
easygates limited Estimated Valuation
Pomanda estimates the enterprise value of EASYGATES LIMITED at £2.8m based on an EBITDA of £582.5k and a 4.84x industry multiple (adjusted for size and gross margin).
easygates limited Estimated Valuation
Pomanda estimates the enterprise value of EASYGATES LIMITED at £10.7m based on Net Assets of £3.5m and 3.07x industry multiple (adjusted for liquidity).
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Easygates Limited Overview
Easygates Limited is a live company located in west midlands, B63 2QT with a Companies House number of 03051720. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in May 1995, it's largest shareholder is tony david daniels-gooding with a 28.4% stake. Easygates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with healthy growth in recent years.
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Easygates Limited Health Check
Pomanda's financial health check has awarded Easygates Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £6.1m, make it smaller than the average company (£16.6m)
- Easygates Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.5%)
- Easygates Limited
4.5% - Industry AVG
Production
with a gross margin of 19.7%, this company has a higher cost of product (28.2%)
- Easygates Limited
28.2% - Industry AVG
Profitability
an operating margin of 8.4% make it more profitable than the average company (5.3%)
- Easygates Limited
5.3% - Industry AVG
Employees
with 48 employees, this is above the industry average (39)
48 - Easygates Limited
39 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
- Easygates Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £126.5k, this is less efficient (£356.7k)
- Easygates Limited
£356.7k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is near the average (65 days)
- Easygates Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (31 days)
- Easygates Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 177 days, this is more than average (80 days)
- Easygates Limited
80 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (13 weeks)
24 weeks - Easygates Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.6%, this is a lower level of debt than the average (53.6%)
24.6% - Easygates Limited
53.6% - Industry AVG
easygates limited Credit Report and Business Information
Easygates Limited Competitor Analysis
Perform a competitor analysis for easygates limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
easygates limited Ownership
EASYGATES LIMITED group structure
Easygates Limited has 1 subsidiary company.
easygates limited directors
Easygates Limited currently has 3 directors. The longest serving directors include Mr David Gooding (May 2003) and Mr Tony Daniels-Gooding (Jan 2008).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Gooding | England | 73 years | May 2003 | - | Director |
Mr Tony Daniels-Gooding | England | 52 years | Jan 2008 | - | Director |
Mr Steven Gooding | 36 years | Jan 2017 | - | Director |
EASYGATES LIMITED financials
Easygates Limited's latest turnover from March 2023 is estimated at £6.1 million and the company has net assets of £3.5 million. According to their latest financial statements, Easygates Limited has 48 employees and maintains cash reserves of £477.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 48 | 48 | 42 | 46 | 46 | 44 | ||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 586,586 | 633,949 | 625,375 | 625,575 | 640,757 | 586,277 | 544,042 | 520,399 | 83,328 | 82,148 | 55,771 | 27,083 | 24,564 | 5,761 |
Intangible Assets | 45,000 | 60,000 | 75,000 | 90,000 | 105,000 | 120,000 | 135,000 | 0 | 0 | 5,000 | 5,000 | 8,000 | 6,000 | 9,000 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 631,586 | 693,949 | 700,375 | 715,575 | 745,757 | 706,277 | 679,042 | 520,399 | 83,328 | 87,148 | 60,771 | 35,083 | 30,564 | 14,761 |
Stock & work in progress | 2,371,451 | 1,961,787 | 1,453,964 | 1,275,310 | 1,148,345 | 787,065 | 661,380 | 451,814 | 304,647 | 173,456 | 167,606 | 185,238 | 224,978 | 173,853 |
Trade Debtors | 1,139,545 | 934,205 | 1,148,198 | 1,051,806 | 736,207 | 754,942 | 565,326 | 611,260 | 636,679 | 656,850 | 621,443 | 471,192 | 362,673 | 200,216 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 142,091 | 165,027 | 223,173 | 286,913 | 246,386 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 477,479 | 681,129 | 529,865 | 314,360 | 270,464 | 282,426 | 222,937 | 130,146 | 253,048 | 251,511 | 187,971 | 165,538 | 139,713 | 142,418 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,988,475 | 3,577,121 | 3,132,027 | 2,783,567 | 2,320,043 | 2,047,606 | 1,736,556 | 1,439,606 | 1,194,374 | 1,081,817 | 977,020 | 821,968 | 727,364 | 516,487 |
total assets | 4,620,061 | 4,271,070 | 3,832,402 | 3,499,142 | 3,065,800 | 2,753,883 | 2,415,598 | 1,960,005 | 1,277,702 | 1,168,965 | 1,037,791 | 857,051 | 757,928 | 531,248 |
Bank overdraft | 0 | 0 | 0 | 171,757 | 256,946 | 291,650 | 300,276 | 308,086 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,002,535 | 1,061,341 | 1,132,671 | 590,561 | 479,768 | 332,797 | 346,415 | 313,746 | 445,213 | 527,610 | 513,530 | 412,692 | 407,780 | 250,873 |
Group/Directors Accounts | 0 | 0 | 0 | 19,524 | 7,420 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 425,757 | 384,023 | 457,609 | 420,332 | 266,467 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,002,535 | 1,061,341 | 1,132,671 | 1,207,599 | 1,128,157 | 1,082,056 | 1,067,023 | 888,299 | 445,213 | 527,610 | 513,530 | 412,692 | 407,780 | 250,873 |
loans | 0 | 0 | 44,448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 81,222 | 97,587 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 50,412 | 59,126 | 37,502 | 29,102 | 22,799 | 17,797 | 15,922 | 13,647 | 12,107 | 11,570 | 0 | 0 | 0 | 0 |
total long term liabilities | 131,634 | 156,713 | 81,950 | 29,102 | 22,799 | 17,797 | 15,922 | 13,647 | 12,107 | 11,570 | 0 | 0 | 0 | 0 |
total liabilities | 1,134,169 | 1,218,054 | 1,214,621 | 1,236,701 | 1,150,956 | 1,099,853 | 1,082,945 | 901,946 | 457,320 | 539,180 | 513,530 | 412,692 | 407,780 | 250,873 |
net assets | 3,485,892 | 3,053,016 | 2,617,781 | 2,262,441 | 1,914,844 | 1,654,030 | 1,332,653 | 1,058,059 | 820,382 | 629,785 | 524,261 | 444,359 | 350,148 | 280,375 |
total shareholders funds | 3,485,892 | 3,053,016 | 2,617,781 | 2,262,441 | 1,914,844 | 1,654,030 | 1,332,653 | 1,058,059 | 820,382 | 629,785 | 524,261 | 444,359 | 350,148 | 280,375 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 57,707 | 65,317 | 82,303 | 77,814 | 82,843 | 61,304 | 38,849 | 44,283 | 37,812 | 21,064 | 12,151 | 10,020 | 3,890 | 2,680 |
Amortisation | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 0 | 0 | 0 | 0 | 3,000 | 3,000 | 3,000 | 3,000 |
Tax | ||||||||||||||
Stock | 409,664 | 507,823 | 178,654 | 126,965 | 361,280 | 125,685 | 209,566 | 147,167 | 131,191 | 5,850 | -17,632 | -39,740 | 51,125 | 173,853 |
Debtors | 205,340 | -213,993 | -45,699 | 292,663 | -76,881 | 125,876 | -5,407 | 220,967 | -20,171 | 35,407 | 150,251 | 108,519 | 162,457 | 200,216 |
Creditors | -58,806 | -71,330 | 542,110 | 110,793 | 146,971 | -13,618 | 32,669 | -131,467 | -82,397 | 14,080 | 100,838 | 4,912 | 156,907 | 250,873 |
Accruals and Deferred Income | 0 | 0 | -425,757 | 41,734 | -73,586 | 37,277 | 153,865 | 266,467 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -8,714 | 21,624 | 8,400 | 6,303 | 5,002 | 1,875 | 2,275 | 1,540 | 537 | 11,570 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | -19,524 | 12,104 | 7,420 | 0 | 0 | 0 | 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 | 0 | -44,448 | 44,448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -16,365 | 97,587 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -203,650 | 151,264 | 215,505 | 43,896 | -11,962 | 59,489 | 92,791 | -122,902 | 1,537 | 63,540 | 22,433 | 25,825 | -2,705 | 142,418 |
overdraft | 0 | 0 | -171,757 | -85,189 | -34,704 | -8,626 | -7,810 | 308,086 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -203,650 | 151,264 | 387,262 | 129,085 | 22,742 | 68,115 | 100,601 | -430,988 | 1,537 | 63,540 | 22,433 | 25,825 | -2,705 | 142,418 |
P&L
March 2023turnover
6.1m
+13%
operating profit
509.8k
0%
gross margin
19.7%
+1.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.5m
+0.14%
total assets
4.6m
+0.08%
cash
477.5k
-0.3%
net assets
Total assets minus all liabilities
easygates limited company details
company number
03051720
Type
Private limited with Share Capital
industry
46690 - Wholesale of other machinery and equipment
incorporation date
May 1995
age
29
accounts
Unaudited Abridged
ultimate parent company
previous names
hanslow development limited (January 2004)
bramcon cleaning limited (October 1998)
incorporated
UK
address
unit 16 james scott road, halesowen, west midlands, B63 2QT
last accounts submitted
March 2023
easygates limited Charges & Mortgages
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 2 charges/mortgages relating to easygates limited. Currently there are 1 open charges and 1 have been satisfied in the past.
easygates limited Companies House Filings - See Documents
date | description | view/download |
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