GATES ENGINEERING & SERVICES UK LIMITED
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Cash
£44K
+13,452% vs 2023
Net assets
-£37M
-14.6% vs 2023
Employees
134
+8.9% vs 2023
Profit before tax
-£6.1M
+11.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £18,701,431 | £19,829,315 | +6% | |
| Operating profit | -£4,792,113 | -£3,545,791 | +26% | |
| Profit before tax | -£6,884,622 | -£6,101,675 | +11.4% | |
| Net profit | -£5,255,353 | -£4,741,759 | +9.8% | |
| Cash | £321 | £43,502 | +13,452% | |
| Total assets less current liabilities | -£20,288,003 | -£23,994,112 | -18.3% | |
| Net assets | -£32,429,492 | -£37,171,251 | -14.6% | |
| Equity | -£32,429,492 | -£37,171,251 | -14.6% | |
| Average employees | 123 | 134 | +8.9% | |
| Wages | £4,658,310 | £4,977,473 | +6.9% | |
| Directors' remuneration | — | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -25.6% | -17.9% | |
| Net margin | -28.1% | -23.9% | |
| Current ratio | 0.31x | 0.39x | |
| Interest cover | -2.29x | -1.39x |
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.
Name history
Renamed 1 time since incorporation
- GATES ENGINEERING & SERVICES UK LIMITED 2017-06-14 → present
- GTF 2 ENGINEERING & SERVICES UK LIMITED 2017-06-06 → 2017-06-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UNW LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the company's financial projections and the current expectations of local management about the prospects of the business, the financial statements have been prepared on the going concern basis. Based on these projections, the directors consider the company can meet its obligations are they fall due for a period of at least twelve months from the date of the directors' approval of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRACKEN, Cristin Cracraft | Director | 2020-03-30 | Apr 1967 | American |
| ROGERS, Nathan Andrew | Director | 2018-05-25 | May 1964 | American |
| SWANSON, Marc Gregory | Director | 2018-05-25 | Dec 1969 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2017-06-12 | 2024-12-06 |
| BEATTIE, Bryan Percy | Director | 2017-06-06 | 2017-06-12 |
| BEATTIE, Kenneth Brian | Director | 2017-06-06 | 2017-06-12 |
| DUROCHER, Claude | Director | 2017-06-12 | 2018-05-25 |
| KALSBEEK, Maurice Alexander | Director | 2017-06-12 | 2018-05-25 |
| KERFOOT, Paul Nigel | Director | 2017-06-12 | 2018-05-25 |
| SEELY, Jamey Susan | Director | 2018-05-25 | 2020-03-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gates Engineering & Services Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-06-06 | Active |
Filing timeline
Last 20 of 54 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-11 | CH01 | officers | Change person director company with change date | |
| 2025-05-19 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-08 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-05 | AA | accounts | Accounts with accounts type full | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2020-12-17 | AA | accounts | Accounts with accounts type full | |
| 2020-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-17 | CH01 | officers | Change person director company with change date | |
| 2020-06-17 | CH04 | officers | Change corporate secretary company with change date | |
| 2020-04-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- 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.