P W Gates Distribution Limited
Registered name: P W GATES DISTRIBUTION LIMITED
P W Gates Distribution Limited made £24.3m revenue and £58.5k profit in the year to 31 Mar 2025. read from filing text
P W Gates Distribution Limited’s revenue grew 14% to £24.3m in the year to 31 Mar 2025, with £58.5k profit and 200 employees. The company is classified under “freight transport by road” and is based in Bedford; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Bedford, South East
- Age
- 24 yrs · since 2002
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £20.4m | £21.4m | £24.3m |
| Cost of sales | £12.5m | £12.9m | £16m |
| Gross profit | £7.9m | £8.4m | £8.3m |
| Operating profit | £1.4m | £1.4m | £578k |
| Profit before tax | £1.1m | £1m | £119k |
| Profit after tax | £892k | £740k | £58.5k |
| Profit (best available) | £892k | £740k | £58.5k |
| Staff costs | £6.8m | £7.3m | — |
| Employees (average) | 175 | 189 | 200 |
| Ratios | |||
| Profit margin | 4.4% | 3.5% | 0.2% |
| Gross margin | 38.7% | 39.5% | 34.3% |
| Revenue per employee | £116k | £113k | £122k |
| Profit per employee | £5.1k | £3.9k | £293 |
| Cash conversion | −150.8% | −204.8% | — |
| Growth (year on year) | |||
| Revenue growth | — | ▲4.8% | ▲13.8% |
| Profit growth | — | ▼17% | ▼92.1% |
| Headcount growth | — | ▲8% | ▲5.8% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £5.1k | £565 | £465 |
| Net assets | £960k | £1.4m | £1.4m |
| Fixed assets | £5m | £5.1m | £5.8m |
| Current assets | £4.4m | £4.5m | £4.9m |
| Debtors | £2.7m | £2.9m | £3m |
| Cash from operations | −£2.2m | −£2.8m | — |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 34.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £122k
- Revenue ÷ average employees.
- Profit per employee
- £293
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 23.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲4%
- Now £1.4m
- Cash at bank
- ▼18%
- Now £465
- Headcount
- ▲6%
- Now 200
- Deferred income
- —
- Now —
- Fixed assets
- ▲13%
- Now £5.8m
Group structure
Subsidiaries (1)
- Mercury Holdings (Manchester) LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £58.5k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.