D M Bates Limited

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SOLUTIONS

d m bates limited Company Information

Dissolved

Company Number

05695926

Website

Registered Address

1a butts close, norton canes, cannock, staffs, WS11 9PW

Industry

Wholesale of chemical products

Telephone

03331231243

Next Accounts Due

October 2024

Group Structure

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Directors

David Bates18 Years

Shareholders

david matthey bates 51%

deborah lee bates 49%

d m bates limited Estimated Valuation

£142.7k

Pomanda estimates the enterprise value of D M BATES LIMITED at £142.7k based on Net Assets of £65k and 2.2x industry multiple (adjusted for liquidity).

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D M Bates Limited is a dissolved company that was located in cannock, WS11 9PW with a Companies House number of 05695926. It operated in the wholesale of chemical products sector, SIC Code 46750. Founded in February 2006, it's largest shareholder was david matthey bates with a 51% stake. The last turnover for D M Bates Limited was estimated at £342.4k.

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Pomanda's financial health check has awarded D M Bates Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £342.4k, make it smaller than the average company (£20.9m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.7%)

EXPORT

D M Bates Limited's latest turnover from March 2023 is estimated at £342.4 thousand and the company has net assets of £65 thousand. According to their latest financial statements, D M Bates Limited has 1 employee and maintains cash reserves of £91.9 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	342,419	189,109	184,993	236,446	361,428	348,565	286,026	324,231	233,709	161,080	155,347	124,268	143,206	133,086
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	275,502	151,434	147,772	191,348	293,607	285,275	228,251	256,690	189,095	131,390	125,396	101,528	115,193	105,478
Gross Profit	66,916	37,675	37,222	45,098	67,821	63,290	57,776	67,541	44,614	29,689	29,951	22,741	28,013	27,608
Admin Expenses	37,347	78,455	5,787	28,705	75,134	52,545	20,733	77,392	47,798	31,682	36,080	27,355	36,791	-32,942
Operating Profit	29,569	-40,780	31,435	16,393	-7,313	10,745	37,043	-9,851	-3,184	-1,993	-6,129	-4,614	-8,778	60,550
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,689	280	27	13	128	74	39	78	26	13	19	21	9	2
Pre-Tax Profit	32,258	-40,500	31,462	16,406	-7,185	10,819	37,081	-9,773	-3,158	-1,980	-6,110	-4,593	-8,769	60,553
Tax	-6,129	0	-5,978	-3,117	0	-2,056	-7,416	0	0	0	0	0	0	-16,955
Profit After Tax	26,129	-40,500	25,484	13,289	-7,185	8,763	29,665	-9,773	-3,158	-1,980	-6,110	-4,593	-8,769	43,598
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,129	-40,500	25,484	13,289	-7,185	8,763	29,665	-9,773	-3,158	-1,980	-6,110	-4,593	-8,769	43,598
Employee Costs	61,269	55,079	50,623	54,911	110,127	101,587	99,960	100,196	48,534	46,550	45,813	46,064	46,283	44,956
Number Of Employees	1	1	1	1	2	2	2	2	1	1	1	1	1	1
EBITDA*	29,569	-35,651	36,540	20,898	-4,993	13,919	40,878	-2,740	4,689	2,356	859	2,389	484	68,715

* 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	0	42,206	16,554	19,234	10,189	12,509	15,533	15,274	17,130	3,240	6,025	6,318	9,558	15,057
Intangible Assets	0	0	0	0	0	0	0	0	3,451	7,214	10,977	14,740	18,503	22,266
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	0	42,206	16,554	19,234	10,189	12,509	15,533	15,274	20,581	10,454	17,002	21,058	28,061	37,323
Stock & work in progress	0	10,500	10,200	15,250	14,900	14,750	14,500	14,800	13,303	11,024	11,798	10,346	10,986	12,885
Trade Debtors	0	19,248	22,895	37,210	31,756	34,888	34,345	45,219	32,808	26,801	22,498	17,700	23,213	21,414
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	750	19,000	0	0	0	0	713	0	0	0	0	0	0
Cash	91,917	34,604	40,105	13,649	11,713	22,496	6,917	23,962	7,113	3,470	1,906	5,550	2,781	989
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	91,917	65,102	92,200	66,109	58,369	72,134	55,762	84,694	53,224	41,295	36,202	33,596	36,980	35,288
total assets	91,917	107,308	108,754	85,343	68,558	84,643	71,295	99,968	73,805	51,749	53,204	54,654	65,041	72,611
Bank overdraft	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
Trade Creditors	217	5,746	8,654	12,720	11,225	16,369	11,571	18,933	51,609	29,221	28,664	24,118	29,471	27,435
Group/Directors Accounts	12,406	53,866	0	3,110	16	119	3,571	51,524	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	14,334	2,541	17,624	12,012	14,382	18,035	14,320	17,419	0	0	0	0	0	0
total current liabilities	26,957	62,153	26,278	27,842	25,623	34,523	29,462	87,876	51,609	29,221	28,664	24,118	29,471	27,435
loans	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
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	0	0	0	0	0	0
provisions	0	6,324	3,145	3,654	2,377	2,377	2,951	2,875	3,206	380	412	298	739	1,576
total long term liabilities	0	6,324	3,145	3,654	2,377	2,377	2,951	2,875	3,206	380	412	298	739	1,576
total liabilities	26,957	68,477	29,423	31,496	28,000	36,900	32,413	90,751	54,815	29,601	29,076	24,416	30,210	29,011
net assets	64,960	38,831	79,331	53,847	40,558	47,743	38,882	9,217	18,990	22,148	24,128	30,238	34,831	43,600
total shareholders funds	64,960	38,831	79,331	53,847	40,558	47,743	38,882	9,217	18,990	22,148	24,128	30,238	34,831	43,600

	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	29,569	-40,780	31,435	16,393	-7,313	10,745	37,043	-9,851	-3,184	-1,993	-6,129	-4,614	-8,778	60,550
Depreciation	0	5,129	5,105	4,505	2,320	3,174	3,835	3,660	4,110	586	3,225	3,240	5,499	4,402
Amortisation	0	0	0	0	0	0	0	3,451	3,763	3,763	3,763	3,763	3,763	3,763
Tax	-6,129	0	-5,978	-3,117	0	-2,056	-7,416	0	0	0	0	0	0	-16,955
Stock	-10,500	300	-5,050	350	150	250	-300	1,497	2,279	-774	1,452	-640	-1,899	12,885
Debtors	-19,998	-21,897	4,685	5,454	-3,132	543	-11,587	13,124	6,007	4,303	4,798	-5,513	1,799	21,414
Creditors	-5,529	-2,908	-4,066	1,495	-5,144	4,798	-7,362	-32,676	22,388	557	4,546	-5,353	2,036	27,435
Accruals and Deferred Income	11,793	-15,083	5,612	-2,370	-3,653	3,715	-3,099	17,419	0	0	0	0	0	0
Deferred Taxes & Provisions	-6,324	3,179	-509	1,277	0	-574	76	-331	2,826	-32	114	-441	-837	1,576
Cash flow from operations	53,878	-28,866	31,964	12,379	-10,808	19,009	34,964	-32,949	21,617	-648	-731	2,748	1,783	46,472
Investing Activities
capital expenditure	42,206	-30,781	-2,425	-13,550	0	-150	-4,094	-1,804	-18,000	2,199	-2,932	0	0	-45,488
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	42,206	-30,781	-2,425	-13,550	0	-150	-4,094	-1,804	-18,000	2,199	-2,932	0	0	-45,488
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-41,460	53,866	-3,110	3,094	-103	-3,452	-47,953	51,524	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	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	98	0	0	0	0	0	0	0	2
interest	2,689	280	27	13	128	74	39	78	26	13	19	21	9	2
cash flow from financing	-38,771	54,146	-3,083	3,107	25	-3,280	-47,914	51,602	26	13	19	21	9	4
cash and cash equivalents
cash	57,313	-5,501	26,456	1,936	-10,783	15,579	-17,045	16,849	3,643	1,564	-3,644	2,769	1,792	989
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	57,313	-5,501	26,456	1,936	-10,783	15,579	-17,045	16,849	3,643	1,564	-3,644	2,769	1,792	989

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for d m bates limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in WS11 area or any other competitors across 12 key performance metrics.

D M BATES LIMITED group structure

D M Bates Limited has no subsidiary companies.

Ultimate parent company

D M BATES LIMITED

05695926

D M BATES LIMITED Shareholders

david matthey bates	51%
deborah lee bates	49%

D M Bates Limited currently has 1 director, Mr David Bates serving since Feb 2006.

officer	country	age	start	end	role
Mr David Bates	England	62 years	Feb 2006	-	Director

P&L

March 2023

turnover

342.4k

+81%

operating profit

29.6k

gross margin

19.6%

-1.91%

turnover

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

Balance Sheet

March 2023

net assets

65k

+0.67%

total assets

91.9k

-0.14%

cash

91.9k

+1.66%

net assets

Total assets minus all liabilities

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0.5

company number

05695926

Type

Private limited with Share Capital

industry

46750 - Wholesale of chemical products

incorporation date

February 2006

ultimate parent company

None

previous names

N/A

address

1a butts close, norton canes, cannock, staffs, WS11 9PW

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 1 charges/mortgages relating to d m bates limited. Currently there are 0 open charges and 1 have been satisfied in the past.

d m bates limited Company Information

d m bates limited Estimated Valuation

d m bates limited Estimated Valuation

d m bates limited Estimated Valuation

D M Bates Limited Overview

D M Bates Limited Health Check

D M BATES LIMITED financials

d m bates limited Credit Report and Business Information

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d m bates limited Ownership

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