H.W. Coates Ltd Company Profile

Background

Founded in 1981, H.W. Coates Ltd has established itself as the United Kingdom's leading provider of chemical warehousing and transport services. The company's mission is to deliver safe, efficient, and compliant storage and distribution solutions for the chemical industry. With a vision centered on long-term investment and innovation, H.W. Coates operates more Control of Major Accident Hazards (COMAH) warehouses than any other company in the UK, underscoring its significant role in the industry.

Key Strategic Focus

H.W. Coates specializes in the storage and distribution of packaged chemicals, operating 10 COMAH sites across the country—more than any other warehousing company. The company's 100% ADR-compliant transport fleet handles an average of over 5,000 orders per day, ensuring nationwide coverage. By investing in high-quality vehicles, leading-edge IT systems, and freehold properties, H.W. Coates maintains a debt-free status, enabling continuous innovation and superior service delivery.

Financials and Funding

As of December 31, 2023, H.W. Coates reported a turnover of £71.37 million, marking a 6% increase from the previous year. The company's total assets stood at £214.08 million, with net assets of £199.57 million. Operating a debt-free model, H.W. Coates focuses on reinvesting profits into the business to support innovation and service enhancement.

Technological Platform and Innovation

H.W. Coates distinguishes itself through its proprietary technologies and innovative approaches:

COMAH Warehouses: Operating more COMAH-certified warehouses than any other UK company, ensuring compliance with stringent safety regulations.

ADR-Compliant Fleet: Maintaining a 100% ADR-compliant transport fleet, capable of handling hazardous materials safely and efficiently.

Hazchem Network: Playing a leading role in the Hazchem Network, a specialized distribution system for hazardous goods, demonstrating commitment to industry innovation.

Leadership Team

H.W. Coates is led by a team of experienced professionals:

Thomas Henry Coates: Managing Director, overseeing strategic direction and operations.

Matthew Coates: Director, contributing to business development and operational excellence.

Rachael Louise Morris: Finance Director and Secretary, responsible for financial management and corporate governance.

Richard Perry: Property Director, managing the company's extensive property portfolio.

Gerald George Coates: Director, providing strategic insights and leadership.

Leadership Changes

In June 2024, H.W. Coates (Holdings) Limited was appointed as a person with significant control, while Gerald George Coates and Michael Henry Arnold Coates ceased their roles as persons with significant control.

Competitor Profile

Market Insights and Dynamics

The chemical warehousing and transport industry in the UK is characterized by stringent safety regulations and the need for specialized handling capabilities. The market is competitive, with companies striving to offer comprehensive and compliant solutions to meet the diverse needs of the chemical sector.

Competitor Analysis

Key competitors include:

Tical: Specializes in land cargo transportation services.

Freight Handlers (FHI): Provides transportation and distribution services for the grocery industry.

Reed Hurst Trucking: Offers hazardous transportation services.

Cascade Columbia Distribution: Supplies chemicals and related products.

Strategic Collaborations and Partnerships

H.W. Coates has demonstrated a commitment to industry collaboration through its leading role in the Hazchem Network, a specialized distribution system for hazardous goods. This partnership enhances the company's distribution capabilities and reinforces its position as an industry innovator.

Operational Insights

H.W. Coates' strategic investments in COMAH-certified warehouses and a 100% ADR-compliant fleet provide a distinct competitive advantage. The company's debt-free status allows for continuous investment in technology and infrastructure, ensuring high service standards and compliance with industry regulations.

Strategic Opportunities and Future Directions

Looking ahead, H.W. Coates aims to expand its service offerings and geographic reach within the UK. By leveraging its existing infrastructure and expertise, the company is well-positioned to capitalize on emerging opportunities in the chemical logistics sector.