How much does Minstergate Limited make?

Minstergate Limited reported revenue of £76m and £555k profit in the year to 28 Feb 2023, according to its accounts filed at Companies House.

How many employees does Minstergate Limited have?

Minstergate Limited reported an average of 106 employees in the year to 28 Feb 2023.

Is Minstergate Limited profitable?

Yes — Minstergate Limited reported a profit of £555k in the year to 28 Feb 2023.

Company No. 04554138 · Incorporated 4 Oct 2002

Minstergate Limited

Registered name: MINSTERGATE LIMITED

Part of Drive Holdings 2015 Limited group

Minstergate Limited made £76m revenue and £555k profit in the year to 28 Feb 2023. read from filing text

Minstergate Limited’s revenue was £76m in the year to 28 Feb 2023, with £555k profit and 106 employees. The company is classified under “sale of new cars and light motor vehicles” and is based in Leicester; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45111Sale of new cars and light motor vehicles SIC 45112Sale of used cars and light motor vehicles SIC 45200Maintenance and repair of motor vehicles

Status: Active
Location: Leicester, East Midlands
Age: 24 yrs · since 2002
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 28 Feb 2023

Key figures

Capital-lightCash flow filed

Revenue

£76m

Growth —

Profit

£555k

Growth —

Profit margin

0.7%

Gross 9%

Employees

106

Change —

Profit / employee

£5.2k

Revenue/employee £717k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	28 Feb 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£54m	£76m
Cost of sales	£49m	£69.2m
Gross profit	£4.9m	£6.8m
Operating profit	£1.1m	£720k
Profit before tax	£1m	£699k
Profit after tax	£891k	£555k
Profit (best available)	£891k	£555k
Staff costs	£2.5m	£3m
Employees (average)	112	106
Ratios
Profit margin	1.7%	0.7%
Gross margin	9.1%	9%
Revenue per employee	£482k	£717k
Profit per employee	£8k	£5.2k
Cash conversion	−61.5%	−24.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£411k	£62.9k
Net assets	£1.2m	£1.8m
Fixed assets	£433k	£479k
Current assets	£10.1m	£12.8m
Debtors	£322k	£633k
Deferred income	£193k	£463k
Cash from operations	−£665k	−£178k
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: 0.7%; Profit ÷ revenue.
Gross margin: 9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £717k; Revenue ÷ average employees.
Profit per employee: £5.2k; Profit ÷ average employees.
Cash conversion: −24.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: —; Now £1.8m
Cash at bank: —; Now £62.9k
Headcount: —; Now 106
Deferred income: —; Now £463k
Fixed assets: —; Now £479k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Drive Holdings 2015 Limitedultimate parent75–100%
Drive Investments Limited75–100%
Minstergate Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Drive Motor Retail LimitedRev. £314m · Profit £3.1m

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2023 (profit £555k), from the Companies House accounts bulk data published Nov 2023. 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.