gates industrial corporation plc
gates industrial corporation plc Company Information
Company Number
10980824
Next Accounts
Jun 2025
Shareholders
cede & co
blackstone capital partners (cayman)vi lp
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
the pavilions bridgwater road, bristol, BS13 8FD
Website
https://investors.gates.comgates industrial corporation plc Estimated Valuation
Pomanda estimates the enterprise value of GATES INDUSTRIAL CORPORATION PLC at £3.5b based on a Turnover of £2.8b and 1.23x industry multiple (adjusted for size and gross margin).
gates industrial corporation plc Estimated Valuation
Pomanda estimates the enterprise value of GATES INDUSTRIAL CORPORATION PLC at £4.9b based on an EBITDA of £537.2m and a 9.04x industry multiple (adjusted for size and gross margin).
gates industrial corporation plc Estimated Valuation
Pomanda estimates the enterprise value of GATES INDUSTRIAL CORPORATION PLC at £5.5b based on Net Assets of £2.6b and 2.13x industry multiple (adjusted for liquidity).
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Gates Industrial Corporation Plc Overview
Gates Industrial Corporation Plc is a live company located in bristol, BS13 8FD with a Companies House number of 10980824. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2017, it's largest shareholder is cede & co with a 100% stake. Gates Industrial Corporation Plc is a young, mega sized company, Pomanda has estimated its turnover at £2.8b with unknown growth in recent years.
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Gates Industrial Corporation Plc Health Check
Pomanda's financial health check has awarded Gates Industrial Corporation Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £2.8b, make it larger than the average company (£4.8m)
£2.8b - Gates Industrial Corporation Plc
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Gates Industrial Corporation Plc
- - Industry AVG
Production
with a gross margin of 38.4%, this company has a comparable cost of product (38.3%)
38.4% - Gates Industrial Corporation Plc
38.3% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (5.7%)
13.1% - Gates Industrial Corporation Plc
5.7% - Industry AVG
Employees
with 14929 employees, this is above the industry average (27)
14929 - Gates Industrial Corporation Plc
27 - Industry AVG
Pay Structure
on an average salary of £44.7k, the company has an equivalent pay structure (£54k)
£44.7k - Gates Industrial Corporation Plc
£54k - Industry AVG
Efficiency
resulting in sales per employee of £187.3k, this is equally as efficient (£171.4k)
£187.3k - Gates Industrial Corporation Plc
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 78 days, this is later than average (42 days)
78 days - Gates Industrial Corporation Plc
42 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (32 days)
76 days - Gates Industrial Corporation Plc
32 days - Industry AVG
Stock Days
it holds stock equivalent to 113 days, this is more than average (33 days)
113 days - Gates Industrial Corporation Plc
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 48 weeks, this is more cash available to meet short term requirements (22 weeks)
48 weeks - Gates Industrial Corporation Plc
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.8%, this is a lower level of debt than the average (62.5%)
50.8% - Gates Industrial Corporation Plc
62.5% - Industry AVG
GATES INDUSTRIAL CORPORATION PLC financials
Gates Industrial Corporation Plc's latest turnover from December 2023 is £2.8 billion and the company has net assets of £2.6 billion. According to their latest financial statements, Gates Industrial Corporation Plc has 14,929 employees and maintains cash reserves of £566 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,795,554,508 | 2,791,548,853 | 2,809,639,334 | 2,239,595,862 | 2,461,802,233 | 2,669,537,480 | 2,402,796,429 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 1,722,274,584 | 1,790,920,515 | 1,716,723,273 | 1,409,910,994 | 1,550,717,703 | 1,608,452,951 | 1,440,635,121 |
| Gross Profit | 1,073,279,925 | 1,000,628,338 | 1,092,916,060 | 829,684,869 | 911,084,530 | 1,061,084,530 | 962,161,308 |
| Admin Expenses | 706,173,422 | 683,788,878 | 692,301,472 | 660,412,156 | 634,529,506 | 664,912,281 | 643,889,723 |
| Operating Profit | 367,106,503 | 316,839,460 | 400,614,588 | 169,272,713 | 276,555,024 | 396,172,249 | 318,271,585 |
| Interest Payable | 168,080,427 | 129,437,637 | 74,559,275 | 123,727,047 | 125,837,321 | 140,271,132 | 185,322,695 |
| Interest Receivable | 11,388,627 | 2,827,521 | 2,587,740 | ||||
| Pre-Tax Profit | 189,993,717 | 191,878,731 | 319,990,296 | 56,932,082 | 158,532,695 | 242,025,518 | 86,499,724 |
| Tax | -12,331,134 | -15,158,655 | -13,423,904 | 15,475,904 | 395,454,545 | -25,358,852 | 57,271,506 |
| Profit After Tax | 177,662,582 | 176,720,075 | 306,566,392 | 72,407,987 | 553,987,241 | 216,666,667 | 143,771,230 |
| Dividends Paid | 14,294,691 | 22,541,627 | 21,429,727 | ||||
| Retained Profit | 144,674,835 | 137,448,948 | 257,480,188 | 63,667,709 | 550,318,979 | 195,614,035 | 119,519,709 |
| Employee Costs | 667,844,801 | 651,350,927 | 668,526,605 | 621,922,861 | 590,909,091 | 609,489,633 | 511,493,799 |
| Number Of Employees | 14,929 | 14,964 | 17,061 | 15,818 | 16,984 | 16,174 | 14,490 |
| EBITDA* | 537,150,486 | 486,255,105 | 581,352,094 | 169,272,713 | 276,555,024 | 396,172,249 | 1,029,307,212 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,555,372,290 | 1,517,986,177 | 3,471,858,321 | 1,907,866,250 | 1,209,090,909 | 694,976,077 | 542,064,934 |
| Intangible Assets | 2,825,007,854 | 2,867,342,130 | 1,363,577,551 | 3,134,311,603 | 3,139,154,705 | 3,218,899,522 | 3,327,514,022 |
| Investments & Other | 6,911,718 | 8,325,479 | 101,903,784 | ||||
| Debtors (Due After 1 year) | 536,914,860 | 518,614,514 | 2,391,719,230 | 629,460,348 | |||
| Total Fixed Assets | 3,861,451,460 | 3,892,240,025 | 4,294,032,023 | 4,426,028,385 | 4,348,245,614 | 3,913,875,598 | 3,971,482,740 |
| Stock & work in progress | 535,186,930 | 537,935,909 | 559,518,033 | 407,505,412 | 378,867,623 | 428,708,133 | 361,086,974 |
| Trade Debtors | 603,361,609 | 635,092,680 | 572,618,470 | 557,292,920 | 553,987,241 | 591,945,774 | 563,867,604 |
| Group Debtors | |||||||
| Misc Debtors | 166,038,328 | 156,063,462 | 159,388,646 | 123,005,372 | |||
| Cash | 565,975,494 | 454,288,407 | 532,265,890 | 418,089,968 | 506,618,819 | 337,639,553 | 445,848,803 |
| misc current assets | 122,408,293 | 88,755,981 | 71,806,620 | ||||
| total current assets | 1,894,439,208 | 1,793,590,952 | 1,839,236,617 | 1,528,826,878 | 1,561,881,978 | 1,447,049,442 | 1,442,610,001 |
| total assets | 5,755,890,668 | 5,685,830,977 | 6,133,268,640 | 5,954,855,263 | 5,910,127,592 | 5,360,925,040 | 5,414,092,740 |
| Bank overdraft | |||||||
| Bank loan | 30,729,419 | ||||||
| Trade Creditors | 359,487,904 | 368,834,433 | 409,671,680 | 334,696,496 | 298,803,828 | 338,118,022 | 309,661,111 |
| Group/Directors Accounts | |||||||
| other short term finances | 28,746,465 | 28,667,923 | 34,239,435 | 36,762,360 | 41,148,325 | 52,452,800 | |
| hp & lease commitments | 19,321,394 | 20,578,071 | 19,650,655 | ||||
| other current liabilities | 199,026,073 | 168,001,883 | 233,462,718 | 213,455,215 | 189,234,449 | 162,200,956 | 189,114,464 |
| total current liabilities | 606,581,841 | 586,082,312 | 693,514,475 | 582,391,147 | 524,800,638 | 541,467,305 | 551,228,375 |
| loans | 4,074,143,888 | 4,012,016,964 | 4,203,299,367 | 4,457,701,867 | 4,830,143,539 | 4,710,366,826 | 3,072,359,586 |
| hp & lease commitments | 98,413,446 | 101,633,678 | 101,811,418 | 91,091,331 | 92,663,476 | ||
| Accruals and Deferred Income | 288,990,457 | 294,497,607 | 350,478,468 | 408,484,082 | |||
| other liabilities | 133,050,581 | 127,159,912 | 108,199,902 | 97,025,098 | 67,543,859 | 63,157,894 | 50,082,944 |
| provisions | 198,397,736 | 319,509,896 | 648,067,280 | 407,345,040 | 414,673,045 | 379,266,346 | 79,469,152 |
| total long term liabilities | 2,315,111,529 | 2,325,636,192 | 2,541,242,115 | 2,818,539,010 | 2,984,449,761 | 2,958,452,951 | 3,734,497,196 |
| total liabilities | 2,921,693,370 | 2,911,718,504 | 3,234,756,590 | 3,400,930,157 | 3,509,250,399 | 3,499,920,256 | 4,285,725,571 |
| net assets | 2,579,641,847 | 2,512,095,508 | 2,589,600,517 | 2,249,779,488 | 2,114,035,088 | 1,552,950,558 | 801,485,109 |
| total shareholders funds | 2,579,641,847 | 2,512,095,507 | 2,589,600,518 | 2,249,779,488 | 2,114,035,088 | 1,552,950,558 | 801,485,109 |
| Dec 2023 | Dec 2022 | Jan 2022 | Jan 2021 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 367,106,503 | 316,839,460 | 400,614,588 | 169,272,713 | 276,555,024 | 396,172,249 | 318,271,585 |
| Depreciation | 68,096,136 | 68,567,389 | 73,427,139 | 255,391,421 | |||
| Amortisation | 101,947,847 | 100,848,256 | 107,310,367 | 455,644,205 | |||
| Tax | -12,331,134 | -15,158,655 | -13,423,904 | 15,475,904 | 395,454,545 | -25,358,852 | 57,271,506 |
| Stock | -2,748,979 | 130,430,497 | 152,012,621 | 407,505,412 | -49,840,510 | 67,621,159 | 361,086,974 |
| Debtors | -3,455,859 | 12,016 | 1,813,967,706 | 1,309,758,640 | -37,958,533 | 28,078,169 | 563,867,604 |
| Creditors | -9,346,528 | 34,137,937 | 74,975,185 | 334,696,496 | -39,314,195 | 28,456,912 | 309,661,111 |
| Accruals and Deferred Income | 31,024,190 | -334,443,789 | -268,982,954 | 502,445,672 | -28,947,368 | -84,919,122 | 597,598,546 |
| Deferred Taxes & Provisions | -121,112,160 | -87,835,144 | 240,722,240 | 407,345,040 | 35,406,699 | 299,797,194 | 79,469,152 |
| Cash flow from operations | 431,589,692 | -47,487,059 | -1,351,337,666 | -288,028,227 | 1,148,352,948 | ||
| Investing Activities | |||||||
| capital expenditure | -179,319,061 | ||||||
| Change in Investments | -1,413,761 | 8,325,479 | -101,903,784 | 101,903,784 | |||
| cash flow from investments | -281,222,845 | ||||||
| Financing Activities | |||||||
| Bank loans | 30,729,419 | ||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | 78,542 | -5,571,512 | -34,239,435 | 34,239,435 | -4,385,965 | -11,304,475 | 52,452,800 |
| Long term loans | 62,126,924 | -445,684,903 | -254,402,500 | 4,457,701,867 | 119,776,713 | 1,638,007,240 | 3,072,359,586 |
| Hire Purchase and Lease Commitments | -4,476,909 | 31,120,418 | 30,370,742 | 91,091,331 | 92,663,476 | ||
| other long term liabilities | 5,890,669 | 30,134,814 | 11,174,804 | 97,025,098 | 4,385,965 | 13,074,950 | 50,082,944 |
| share issue | |||||||
| interest | -156,691,800 | -126,610,116 | -71,971,535 | -123,727,047 | -125,837,321 | -140,271,132 | -185,322,695 |
| cash flow from financing | -170,201,069 | -391,744,228 | -205,997,664 | 6,742,442,463 | 97,368,419 | 2,055,357,997 | 3,671,538,035 |
| cash and cash equivalents | |||||||
| cash | 111,687,087 | 36,198,439 | 114,175,922 | 418,089,968 | 168,979,266 | -108,209,250 | 445,848,803 |
| overdraft | |||||||
| change in cash | 111,687,087 | 36,198,439 | 114,175,922 | 418,089,968 | 168,979,266 | -108,209,250 | 445,848,803 |
gates industrial corporation plc Credit Report and Business Information
Gates Industrial Corporation Plc Competitor Analysis
Perform a competitor analysis for gates industrial corporation plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in BS13 area or any other competitors across 12 key performance metrics.
gates industrial corporation plc Ownership
GATES INDUSTRIAL CORPORATION PLC group structure
Gates Industrial Corporation Plc has 2 subsidiary companies.
Ultimate parent company
CEDE & CO
#0149427
1 parent
GATES INDUSTRIAL CORPORATION PLC
10980824
2 subsidiaries
gates industrial corporation plc directors
Gates Industrial Corporation Plc currently has 9 directors. The longest serving directors include Mr Ivo Jurek (Sep 2017) and Mr Neil Simpkins (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ivo Jurek | England | 60 years | Sep 2017 | - | Director |
| Mr Neil Simpkins | England | 59 years | Nov 2017 | - | Director |
| Mr James Ireland Iii | England | 70 years | Nov 2018 | - | Director |
| Ms Stephanie Mains | England | 57 years | Feb 2019 | - | Director |
| Cristin Bracken | England | 58 years | Mar 2020 | - | Director |
| Mr Wilson Neely | England | 69 years | Apr 2020 | - | Director |
| Dr Peifang Zhang | United Kingdom | 63 years | Jul 2020 | - | Director |
| Ms Alicia Tillman | England | 49 years | Apr 2021 | - | Director |
| Mr Fredrik Eliasson | England | 54 years | Oct 2022 | - | Director |
P&L
December 2023turnover
2.8b
0%
operating profit
367.1m
+16%
gross margin
38.4%
+7.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.6b
+0.03%
total assets
5.8b
+0.01%
cash
566m
+0.25%
net assets
Total assets minus all liabilities
gates industrial corporation plc company details
company number
10980824
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
the pavilions bridgwater road, bristol, BS13 8FD
Bank
-
Legal Advisor
-
gates industrial corporation plc 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 gates industrial corporation plc.
gates industrial corporation plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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gates industrial corporation plc Companies House Filings - See Documents
| date | description | view/download |
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