easygates limited

5

easygates limited Company Information

Share EASYGATES LIMITED
Live 
MatureMidHealthy

Company Number

03051720

Registered 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

Directors

David Gooding20 Years

Tony Daniels-Gooding16 Years

View All

Shareholders

tony david daniels-gooding 28.4%

lyndsey daniels-gooding 24.2%

View All

easygates limited Estimated Valuation

£3m

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

£2.8m

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

£10.7m

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).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

Easygates Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

View Sample

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £6.1m, make it smaller than the average company (£16.6m)

£6.1m - Easygates Limited

£16.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.5%)

8% - Easygates Limited

4.5% - Industry AVG

production

Production

with a gross margin of 19.7%, this company has a higher cost of product (28.2%)

19.7% - Easygates Limited

28.2% - Industry AVG

profitability

Profitability

an operating margin of 8.4% make it more profitable than the average company (5.3%)

8.4% - Easygates Limited

5.3% - Industry AVG

employees

Employees

with 48 employees, this is above the industry average (39)

48 - Easygates Limited

39 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)

£47.4k - Easygates Limited

£47.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £126.5k, this is less efficient (£356.7k)

£126.5k - Easygates Limited

£356.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 68 days, this is near the average (65 days)

68 days - Easygates Limited

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 75 days, this is slower than average (31 days)

75 days - Easygates Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 177 days, this is more than average (80 days)

177 days - Easygates Limited

80 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for easygates limited. Get real-time insights into easygates limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Easygates Limited Competitor Analysis

BETA
competitor_analysis_table_img

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.

Ultimate parent company

EASYGATES LIMITED

03051720

1 subsidiary

EASYGATES LIMITED Shareholders

tony david daniels-gooding 28.42%
lyndsey daniels-gooding 24.21%
steven gooding 22.11%
scott gooding 11.58%
zoe westwood 9.47%
david michael gooding 3.16%
carly gooding 1.05%

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).

officercountryagestartendrole
Mr David GoodingEngland73 years May 2003- Director
Mr Tony Daniels-GoodingEngland52 years Jan 2008- Director
Mr Steven Gooding36 years Jan 2017- Director

EASYGATES LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover6,071,9885,351,2285,208,4654,815,6554,132,2593,638,0501,892,6561,925,4452,013,5271,859,4861,834,5261,448,2141,183,128772,887
Other Income Or Grants00000000000000
Cost Of Sales4,876,9284,314,7794,136,1193,837,1083,331,1272,997,6211,525,3461,539,7821,589,6621,479,9091,458,7111,162,461959,174615,809
Gross Profit1,195,0611,036,4491,072,346978,548801,132640,430367,310385,663423,865379,576375,816285,753223,953157,077
Admin Expenses685,267502,163627,482536,633462,698225,6945,49879,512183,864243,631271,566159,204127,751-231,838
Operating Profit509,794534,286444,864441,915338,434414,736361,812306,151240,001135,945104,250126,54996,202388,915
Interest Payable01,5006,59413,07518,51519,23819,01110,013000000
Interest Receivable24,6204,5414222922,0731,2634419581,2611,099884763705356
Pre-Tax Profit534,415537,327438,691429,132321,993396,762343,243297,096241,262137,044105,134127,31296,907389,271
Tax-101,539-102,092-83,351-81,535-61,179-75,385-68,648-59,419-50,665-31,520-25,232-33,101-27,134-108,996
Profit After Tax432,876435,235355,340347,597260,814321,377274,594237,677190,597105,52479,90294,21169,773280,275
Dividends Paid00000000000000
Retained Profit432,876435,235355,340347,597260,814321,377274,594237,677190,597105,52479,90294,21169,773280,275
Employee Costs2,275,6692,240,7911,928,6062,109,9382,026,3751,853,304198,295200,366199,847196,124190,769145,643107,804103,632
Number Of Employees48484246464455555433
EBITDA*582,501614,603542,167534,729436,277491,040400,661350,434277,813157,009119,401139,569103,092394,595

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets586,586633,949625,375625,575640,757586,277544,042520,39983,32882,14855,77127,08324,5645,761
Intangible Assets45,00060,00075,00090,000105,000120,000135,000005,0005,0008,0006,0009,000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets631,586693,949700,375715,575745,757706,277679,042520,39983,32887,14860,77135,08330,56414,761
Stock & work in progress2,371,4511,961,7871,453,9641,275,3101,148,345787,065661,380451,814304,647173,456167,606185,238224,978173,853
Trade Debtors1,139,545934,2051,148,1981,051,806736,207754,942565,326611,260636,679656,850621,443471,192362,673200,216
Group Debtors00000000000000
Misc Debtors000142,091165,027223,173286,913246,386000000
Cash477,479681,129529,865314,360270,464282,426222,937130,146253,048251,511187,971165,538139,713142,418
misc current assets00000000000000
total current assets3,988,4753,577,1213,132,0272,783,5672,320,0432,047,6061,736,5561,439,6061,194,3741,081,817977,020821,968727,364516,487
total assets4,620,0614,271,0703,832,4023,499,1423,065,8002,753,8832,415,5981,960,0051,277,7021,168,9651,037,791857,051757,928531,248
Bank overdraft000171,757256,946291,650300,276308,086000000
Bank loan00000000000000
Trade Creditors 1,002,5351,061,3411,132,671590,561479,768332,797346,415313,746445,213527,610513,530412,692407,780250,873
Group/Directors Accounts00019,5247,420000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities000425,757384,023457,609420,332266,467000000
total current liabilities1,002,5351,061,3411,132,6711,207,5991,128,1571,082,0561,067,023888,299445,213527,610513,530412,692407,780250,873
loans0044,44800000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities81,22297,587000000000000
provisions50,41259,12637,50229,10222,79917,79715,92213,64712,10711,5700000
total long term liabilities131,634156,71381,95029,10222,79917,79715,92213,64712,10711,5700000
total liabilities1,134,1691,218,0541,214,6211,236,7011,150,9561,099,8531,082,945901,946457,320539,180513,530412,692407,780250,873
net assets3,485,8923,053,0162,617,7812,262,4411,914,8441,654,0301,332,6531,058,059820,382629,785524,261444,359350,148280,375
total shareholders funds3,485,8923,053,0162,617,7812,262,4411,914,8441,654,0301,332,6531,058,059820,382629,785524,261444,359350,148280,375
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit509,794534,286444,864441,915338,434414,736361,812306,151240,001135,945104,250126,54996,202388,915
Depreciation57,70765,31782,30377,81482,84361,30438,84944,28337,81221,06412,15110,0203,8902,680
Amortisation15,00015,00015,00015,00015,00015,00000003,0003,0003,0003,000
Tax-101,539-102,092-83,351-81,535-61,179-75,385-68,648-59,419-50,665-31,520-25,232-33,101-27,134-108,996
Stock409,664507,823178,654126,965361,280125,685209,566147,167131,1915,850-17,632-39,74051,125173,853
Debtors205,340-213,993-45,699292,663-76,881125,876-5,407220,967-20,17135,407150,251108,519162,457200,216
Creditors-58,806-71,330542,110110,793146,971-13,61832,669-131,467-82,39714,080100,8384,912156,907250,873
Accruals and Deferred Income00-425,75741,734-73,58637,277153,865266,467000000
Deferred Taxes & Provisions-8,71421,6248,4006,3035,0021,8752,2751,54053711,5700000
Cash flow from operations-201,562168,975450,614192,396169,086189,628316,66359,42134,268109,88262,38842,60119,283162,403
Investing Activities
capital expenditure-10,344-73,891-82,103-62,632-137,323-103,539-197,492-481,354-33,992-47,441-40,839-17,539-22,693-20,441
Change in Investments00000000000000
cash flow from investments-10,344-73,891-82,103-62,632-137,323-103,539-197,492-481,354-33,992-47,441-40,839-17,539-22,693-20,441
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00-19,52412,1047,420000000000
Other Short Term Loans 00000000000000
Long term loans0-44,44844,44800000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-16,36597,587000000000000
share issue0000000000000100
interest24,6203,041-6,172-12,783-16,442-17,975-18,570-9,0551,2611,099884763705356
cash flow from financing8,25556,18018,752-679-9,022-17,975-18,570-9,0551,2611,099884763705456
cash and cash equivalents
cash-203,650151,264215,50543,896-11,96259,48992,791-122,9021,53763,54022,43325,825-2,705142,418
overdraft00-171,757-85,189-34,704-8,626-7,810308,086000000
change in cash-203,650151,264387,262129,08522,74268,115100,601-430,9881,53763,54022,43325,825-2,705142,418

P&L

March 2023

turnover

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 2023

net 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

None

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.

charges

easygates limited Companies House Filings - See Documents

datedescriptionview/download