P W GATES DISTRIBUTION LIMITED
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Cash
£639
+13.1% vs 2024
Net assets
£1.1M
-20% vs 2024
Employees
268
+41.8% vs 2024
Profit before tax
£119K
-88.2% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £21,360,013 | £24,302,133 | +13.8% | |
| Operating profit | £1,366,253 | £577,799 | -57.7% | |
| Profit before tax | £1,007,843 | £119,006 | -88.2% | |
| Net profit | £740,223 | £58,502 | -92.1% | |
| Cash | £565 | £639 | +13.1% | |
| Total assets less current liabilities | £4,660,508 | £5,402,178 | +15.9% | |
| Net assets | £1,353,265 | £1,083,183 | -20% | |
| Equity | £1,353,265 | £1,083,183 | -20% | |
| Average employees | 189 | 268 | +41.8% | |
| Wages | £6,460,880 | £7,945,301 | +23% | |
| Directors' remuneration | £49,575 | £69,633 | +40.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 6.4% | 2.4% | |
| Net margin | 3.5% | 0.2% | |
| Return on capital employed | 29.3% | 10.7% | |
| Gearing (liabilities / total assets) | 85.9% | 91.9% | |
| Current ratio | 0.91x | 0.79x | |
| Interest cover | 3.68x | 1.25x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- GKP (Ampthill) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- P W GATES DISTRIBUTION LIMITED · parent
- Mercury Holdings (Manchester) Limited 100%
- Mars-Jones Limited 90%
Significant events
- “On 23 Oct 2024, the group acquired control of Mercury Holdings (Manchester) Limited through the purchase of 100% of the share capital and Mars-Jones Limited, which is 90% owned by Mercury Holdings (Manchester) Limited, for the total consideration of £707,037.”
- “In April 2025, P W Gates Distribution Limited entered into a ten year lease of a warehouse in Chester with an effective rent of £537,325 per annum over the full term.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FLYNN, Christopher John | Director | 2026-02-02 | Oct 1965 | British |
| GATES, Mary Jeanette | Director | 2002-10-03 | Jan 1955 | British |
| GATES, Peter William | Director | 2002-10-03 | Jan 1951 | British |
| LYNCH, Christopher | Director | 2007-01-26 | Jul 1971 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GATES, Mary Jeanette | Secretary | 2002-10-03 | 2010-05-19 |
| BRIGHTON SECRETARY LTD | Corporate Nominee Secretary | 2002-10-03 | 2002-10-08 |
| JANES, Allan Raymond | Director | 2007-01-26 | 2016-12-30 |
| BRIGHTON DIRECTOR LTD | Corporate Nominee Director | 2002-10-03 | 2002-10-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Peter William Gates | Individual | Voting 25–50% | 2022-08-03 | Active |
| Mrs Mary Jeanette Gates | Individual | Voting 25–50% | 2022-08-03 | Active |
Filing timeline
Last 20 of 97 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-31 | AA | accounts | Accounts with accounts type group | |
| 2025-10-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-17 | AA | accounts | Accounts with accounts type full | |
| 2024-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-20 | CH01 | officers | Change person director company with change date | |
| 2023-11-20 | CH01 | officers | Change person director company with change date | |
| 2023-11-20 | CH01 | officers | Change person director company with change date | |
| 2023-11-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-03-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-01 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-01 | CH01 | officers | Change person director company with change date | |
| 2023-03-01 | CH01 | officers | Change person director company with change date | |
| 2023-03-01 | CH01 | officers | Change person director company with change date | |
| 2022-12-22 | AA | accounts | Accounts with accounts type full | |
| 2022-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.