Gateship Limited

Gateship Limited, based in Dover, Kent, is a small, active company with a long history, having been founded 51 years ago in 1973. The company, with 18 employees and £1,563,738 in assets, is run by three directors and a single owner, Camin Norma Patricia, who is also the solo founder. It operates from a real address, registered as CT16 1PJ, Kent., 44 Castle St,, Dover, and is exempt from an audit.

The company’s business is a bit unusual. While it’s a customs broker, it also imports electrical machinery and equipment (though only for a month in 2022) and exports organic chemicals (again, just for a month in 2024). This irregular activity suggests a niche role or perhaps a fluctuating demand for these goods. The company’s website is non-existent, which means they are not actively selling online.

Financially, Gateship Limited shows some concerning trends. While net assets increased by 6.4% to £1,500,000, cash reserves dropped by 21% to £1,200,000. Trade debtors decreased by 25% to £300,000, which could be a positive sign of better collection, but bank borrowings surged by 2,400% to £29,000. Creditors also decreased by 65% to £270,000. The company meets two of the three conditions to be considered small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 19 employees. The increase in bank borrowings, despite the decrease in creditors, suggests the company may be burning through cash to cover expenses, or perhaps investing in new equipment. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Gateship Limited is a long-standing business facing financial pressures. Its unusual import/export activity and reliance on bank borrowing raise questions about its long-term sustainability, but its established presence and small size allow it to adapt to changing market conditions.

Registered in England/Wales under the registration number 01153529, with a registered address at CT16 1PJ, Kent., 44 Castle St,, Dover.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.