Bates Finance Limited

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bates finance limited Company Information

Live

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Company Number

03562178

Website

Registered Address

1st floor, county house, 100 new london road, chelmsford, essex, CM2 0RG

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Hilary Belcher26 Years

Edward Belcher26 Years

Shareholders

h.a.a. belcher 40.1%

e.s.a. belcher 40.1%

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bates finance limited Estimated Valuation

£10.3m

Pomanda estimates the enterprise value of BATES FINANCE LIMITED at £10.3m based on Net Assets of £5.5m and 1.86x industry multiple (adjusted for liquidity).

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Bates Finance Limited is a live company located in chelmsford, CM2 0RG with a Companies House number of 03562178. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 1998, it's largest shareholder is h.a.a. belcher with a 40.1% stake. Bates Finance Limited is a mature, micro sized company, Pomanda has estimated its turnover at £325.2k with healthy growth in recent years.

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Pomanda's financial health check has awarded Bates Finance Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £325.2k, make it smaller than the average company (£19.3m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (10.5%)

EXPORT

Bates Finance Limited's latest turnover from December 2023 is estimated at £325.2 thousand and the company has net assets of £5.5 million. According to their latest financial statements, Bates Finance Limited has 3 employees and maintains cash reserves of £96 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	325,179	216,260	194,901	235,533	349,462	356,002	356,153	237,461	238,834	5,474,206	77,619	190,477	337,775	56,466	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	207,948	138,338	126,747	154,495	228,237	236,065	235,575	156,474	160,623	3,717,644	53,072	130,422	226,986	37,949	0
Gross Profit	117,231	77,922	68,154	81,038	121,225	119,937	120,578	80,987	78,211	1,756,562	24,547	60,055	110,790	18,517	0
Admin Expenses	279,738	213,716	2,107	-84,495	540,077	-3,288,480	-147,602	-51,551	1,052,944	1,886,352	607,188	881,855	747,998	297,897	-8,823,799
Operating Profit	-162,507	-135,794	66,047	165,533	-418,852	3,408,417	268,180	132,538	-974,733	-129,790	-582,641	-821,800	-637,208	-279,380	8,823,799
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,295	3,606	139	63	535	3,608	8,507	7,036	7,916	315	800	1,987	6,298	10,799	5,864
Pre-Tax Profit	-156,212	-132,188	66,185	165,596	-418,317	3,412,025	276,688	139,574	-966,817	-129,475	-581,841	-819,813	-630,910	-268,581	8,829,663
Tax	0	0	-12,575	-31,463	0	-648,285	-52,571	-27,915	0	0	0	0	0	0	-2,472,305
Profit After Tax	-156,212	-132,188	53,610	134,133	-418,317	2,763,740	224,117	111,659	-966,817	-129,475	-581,841	-819,813	-630,910	-268,581	6,357,357
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-156,212	-132,188	53,610	134,133	-418,317	2,763,740	224,117	111,659	-966,817	-129,475	-581,841	-819,813	-630,910	-268,581	6,357,357
Employee Costs	134,521	125,813	119,200	154,125	150,944	144,485	137,806	134,897	135,745	1,168,208	33,377	66,001	99,077	33,171	0
Number Of Employees	3	3	3	4	4	4	4	4	4	35	1	2	3	1	0
EBITDA*	-162,232	-134,894	67,874	167,369	-417,496	3,410,178	271,534	135,032	-972,459	-127,046	-575,486	-751,410	-566,869	-262,502	8,823,799

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	677	1,858	2,817	3,578	2,755	3,336	6,298	5,309	6,703	324,944	320,438	325,478	353,528	423,617	430,240
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,276,528	2,780,084	3,693,943	3,278,277	4,937,754	4,848,456	575,000	575,000	327,006	0	0	0	0	781	0
Debtors (Due After 1 year)	0	0	0	375,000	0	0	0	0	0	3,799,613	3,860,922	4,177,165	4,270,282	3,691,012	0
Total Fixed Assets	1,277,205	2,781,942	3,696,760	3,656,855	4,940,509	4,851,792	581,298	580,309	333,709	4,124,557	4,181,360	4,502,643	4,623,810	4,115,410	430,240
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	8,250	8,154	8,366	0	0	0	7,200	7,200	1,206,000	42	3,367	57,484	4,685	3,660,437
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,510,228	2,859,491	2,300,548	2,242,203	2,284,197	6,176,908	6,690,611	5,026,912	3,803,508	0	0	0	271,807	12,552	0
Cash	95,974	155,839	50,232	60,597	65,402	77,193	884,945	2,518,037	3,110,797	55,658	70,256	249,609	545,171	1,974,042	2,345,433
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,606,202	3,023,580	2,358,934	2,311,166	2,349,599	6,254,101	7,575,556	7,552,149	6,921,505	1,261,658	70,298	252,976	874,462	1,991,279	6,005,870
total assets	5,883,407	5,805,522	6,055,694	5,968,021	7,290,108	11,105,893	8,156,854	8,132,458	7,255,214	5,386,215	4,251,658	4,755,619	5,498,272	6,106,689	6,436,110
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	87	4,785	3,218	325	1,191	3,768	4,083	4,555	246	82,502	33,572	74,694	39,625	17,132	77,972
Group/Directors Accounts	0	0	0	0	0	4,561,045	4,498,386	4,495,636	4,187,369	1,334,104	119,002	0	0	0	0
other short term finances	0	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	0
other current liabilities	275,077	58,282	155,583	140,663	1,611,517	445,363	313,208	515,207	62,198	0	0	0	0	0	0
total current liabilities	275,164	63,067	158,801	140,988	1,612,708	5,010,176	4,815,677	5,015,398	4,249,813	1,416,606	152,574	74,694	39,625	17,132	77,972
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	67,000	45,000	67,250	51,000	35,500	35,500	44,700	44,700	44,700	0	0	0	0	0	0
total long term liabilities	67,000	45,000	67,250	51,000	35,500	35,500	44,700	44,700	44,700	0	0	0	0	0	0
total liabilities	342,164	108,067	226,051	191,988	1,648,208	5,045,676	4,860,377	5,060,098	4,294,513	1,416,606	152,574	74,694	39,625	17,132	77,972
net assets	5,541,243	5,697,455	5,829,643	5,776,033	5,641,900	6,060,217	3,296,477	3,072,360	2,960,701	3,969,609	4,099,084	4,680,925	5,458,647	6,089,557	6,358,138
total shareholders funds	5,541,243	5,697,455	5,829,643	5,776,033	5,641,900	6,060,217	3,296,477	3,072,360	2,960,701	3,969,609	4,099,084	4,680,925	5,458,647	6,089,557	6,358,138

	Dec 2023	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	-162,507	-135,794	66,047	165,533	-418,852	3,408,417	268,180	132,538	-974,733	-129,790	-582,641	-821,800	-637,208	-279,380	8,823,799
Depreciation	275	900	1,827	1,836	1,356	1,761	3,354	2,494	2,274	2,744	7,155	70,390	70,339	16,878	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-12,575	-31,463	0	-648,285	-52,571	-27,915	0	0	0	0	0	0	-2,472,305
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,642,487	559,039	-316,867	341,372	-3,892,711	-513,703	1,656,499	1,223,404	-1,194,905	1,144,649	-319,568	-419,041	891,324	47,812	3,660,437
Creditors	-4,698	1,567	2,893	-866	-2,577	-315	-472	4,309	-82,256	48,930	-41,122	35,069	22,493	-60,840	77,972
Accruals and Deferred Income	216,795	-97,301	14,920	-1,470,854	1,166,154	132,155	-201,999	453,009	62,198	0	0	0	0	0	0
Deferred Taxes & Provisions	22,000	-22,250	16,250	15,500	0	-9,200	0	0	44,700	0	0	0	0	0	0
Cash flow from operations	-1,570,622	-811,917	406,229	-1,661,686	4,638,792	3,398,236	-1,640,007	-658,969	247,088	-1,222,765	-297,040	-297,300	-1,435,700	-371,154	2,769,029
Investing Activities
capital expenditure	906	59	-1,066	-2,659	-775	1,201	-4,343	-1,100	315,967	-7,250	-2,115	-42,340	-250	-10,255	-430,240
Change in Investments	-1,503,556	-913,859	415,666	-1,659,477	89,298	4,273,456	0	247,994	327,006	0	0	0	-781	781	0
cash flow from investments	1,504,462	913,918	-416,732	1,656,818	-90,073	-4,272,255	-4,343	-249,094	-11,039	-7,250	-2,115	-42,340	531	-11,036	-430,240
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-4,561,045	62,659	2,750	308,267	2,853,265	1,215,102	119,002	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	-42,091	0	0	42,091	0	0	781
interest	6,295	3,606	139	63	535	3,608	8,507	7,036	7,916	315	800	1,987	6,298	10,799	5,864
cash flow from financing	6,295	3,606	139	63	-4,560,510	66,267	11,257	315,303	2,819,090	1,215,417	119,802	44,078	6,298	10,799	6,645
cash and cash equivalents
cash	-59,865	105,607	-10,365	-4,805	-11,791	-807,752	-1,633,092	-592,760	3,055,139	-14,598	-179,353	-295,562	-1,428,871	-371,391	2,345,433
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-59,865	105,607	-10,365	-4,805	-11,791	-807,752	-1,633,092	-592,760	3,055,139	-14,598	-179,353	-295,562	-1,428,871	-371,391	2,345,433

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BATES FINANCE LIMITED group structure

Bates Finance Limited has no subsidiary companies.

Ultimate parent company

BATES FINANCE LIMITED

03562178

BATES FINANCE LIMITED Shareholders

h.a.a. belcher	40.08%
e.s.a. belcher	40.08%
k.v.a. belcher	9.92%
a.c.a. belcher	9.92%

Bates Finance Limited currently has 2 directors. The longest serving directors include Mrs Hilary Belcher (May 1998) and Mr Edward Belcher (May 1998).

officer	country	age	start	end	role
Mrs Hilary Belcher		78 years	May 1998	-	Director
Mr Edward Belcher		77 years	May 1998	-	Director

P&L

December 2023

turnover

325.2k

+50%

operating profit

-162.5k

gross margin

36.1%

+0.05%

turnover

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

Balance Sheet

December 2023

net assets

5.5m

-0.03%

total assets

5.9m

+0.01%

cash

96k

-0.38%

net assets

Total assets minus all liabilities

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company number

03562178

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

May 1998

ultimate parent company

None

previous names

bates finance holdings ltd (December 2009)

address

1st floor, county house, 100 new london road, chelmsford, essex, CM2 0RG

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 did not find charges/mortgages relating to bates finance limited.

bates finance limited Company Information

bates finance limited Estimated Valuation

bates finance limited Estimated Valuation

bates finance limited Estimated Valuation

Bates Finance Limited Overview

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BATES FINANCE LIMITED financials

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