bates finance limited Company Information
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
View All
Shareholders
h.a.a. belcher 40.1%
e.s.a. belcher 40.1%
View Allbates finance limited Estimated Valuation
Pomanda estimates the enterprise value of BATES FINANCE LIMITED at £390.8k based on a Turnover of £325.2k and 1.2x industry multiple (adjusted for size and gross margin).
bates finance limited Estimated Valuation
Pomanda estimates the enterprise value of BATES FINANCE LIMITED at £0 based on an EBITDA of £-162.2k and a 4.6x industry multiple (adjusted for size and gross margin).
bates finance limited Estimated Valuation
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 Overview
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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Bates Finance Limited Health Check
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
2 Strong
3 Regular
5 Weak
Size
annual sales of £325.2k, make it smaller than the average company (£19.3m)
- Bates Finance Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (10.5%)
- Bates Finance Limited
10.5% - Industry AVG
Production
with a gross margin of 36.1%, this company has a comparable cost of product (36.1%)
- Bates Finance Limited
36.1% - Industry AVG
Profitability
an operating margin of -50% make it less profitable than the average company (4.6%)
- Bates Finance Limited
4.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (107)
3 - Bates Finance Limited
107 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
- Bates Finance Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £108.4k, this is less efficient (£192.9k)
- Bates Finance Limited
£192.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Bates Finance Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (44 days)
- Bates Finance Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bates Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (14 weeks)
18 weeks - Bates Finance Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.8%, this is a lower level of debt than the average (69.3%)
5.8% - Bates Finance Limited
69.3% - Industry AVG
BATES FINANCE LIMITED financials
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 | |||||||||||||||
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 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | ||||||
EBITDA* |
* 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 | |||||||||||||||
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 | |
Tax | |||||||||||||||
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 | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
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 | |||||||||||||||
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 | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
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 |
bates finance limited Credit Report and Business Information
Bates Finance Limited Competitor Analysis
Perform a competitor analysis for bates finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in CM2 area or any other competitors across 12 key performance metrics.
bates finance limited Ownership
BATES FINANCE LIMITED group structure
Bates Finance Limited has no subsidiary companies.
Ultimate parent company
BATES FINANCE LIMITED
03562178
bates finance limited directors
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 2023turnover
325.2k
+50%
operating profit
-162.5k
0%
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 2023net assets
5.5m
-0.03%
total assets
5.9m
+0.01%
cash
96k
-0.38%
net assets
Total assets minus all liabilities
bates finance limited company details
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
age
26
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
bates finance holdings ltd (December 2009)
accountant
RICKARD LUCKIN LIMITED
auditor
-
address
1st floor, county house, 100 new london road, chelmsford, essex, CM2 0RG
Bank
-
Legal Advisor
-
bates finance 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 did not find charges/mortgages relating to bates finance limited.
bates finance limited Companies House Filings - See Documents
date | description | view/download |
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