Pitts Developments Limited

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pitts developments limited Company Information

Live

MatureSmallRapid

Company Number

04423444

Website

http://dppublicity.co.uk

Registered Address

westfield house, 7 westfield road, wakefield, west yorkshire, WF1 3RB

Industry

Advertising agencies

Telephone

01924373090

Next Accounts Due

March 2025

Group Structure

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Directors

Ian Susans22 Years

David Pitts20 Years

Shareholders

david john pitts 95%

pitts properties ltd 5%

pitts developments limited Estimated Valuation

£652.2k - £4.3m

The estimated valuation range for pitts developments limited, derived from financial data as of June 2023 and the most recent industry multiples, is between £652.2k to £4.3m

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Pitts Developments Limited AI Business Plan

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Pitts Developments Limited is a live company located in wakefield, WF1 3RB with a Companies House number of 04423444. It operates in the advertising agencies sector, SIC Code 73110. Founded in April 2002, it's largest shareholder is david john pitts with a 95% stake. Pitts Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Pitts Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£8.3m)

Growth

3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (2.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PITTS DEVELOPMENTS LIMITED group structure

Pitts Developments Limited has 3 subsidiary companies.

Ultimate parent company

PITTS DEVELOPMENTS LIMITED

04423444

3 subsidiaries

NORTHERN BELLE (HOLDINGS) LIMITED

10852046

DPP MANAGEMENT LIMITED

04243991

DP PUBLICITY LIMITED

03905564

PITTS DEVELOPMENTS LIMITED Shareholders

david john pitts	95%
pitts properties ltd	5%

Pitts Developments Limited currently has 2 directors. The longest serving directors include Mr Ian Susans (Apr 2002) and Mr David Pitts (Feb 2004).

officer	country	age	start	end	role
Mr Ian Susans	United Kingdom	69 years	Apr 2002	-	Director
Mr David Pitts	United Kingdom	62 years	Feb 2004	-	Director

EXPORT

Pitts Developments Limited's latest turnover from June 2023 is estimated at £1.4 million and the company has net assets of £2 million. According to their latest financial statements, we estimate that Pitts Developments Limited has 4 employees and maintains cash reserves of £511.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	1,399,212	376,404	401,527	329,176	452,213	3,423,575	2,200,642	2,374,199	2,245,895	1,891,308	1,697,242	1,645,968	1,386,611	1,331,782
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,079,041	282,458	307,902	252,720	353,484	2,616,838	1,660,058	1,726,147	1,637,871	1,429,025	1,256,519	1,261,124	1,025,277	993,905
Gross Profit	320,172	93,946	93,625	76,457	98,729	806,737	540,584	648,052	608,023	462,283	440,723	384,844	361,334	337,877
Admin Expenses	-346,764	-288,629	93,634	-219,216	77,790	942,753	600,584	463,678	598,420	347,094	440,725	446,386	334,309	-979,414
Operating Profit	666,936	382,575	-9	295,673	20,939	-136,016	-60,000	184,374	9,603	115,189	-2	-61,542	27,025	1,317,291
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,064	141	9	6	48	16	0	1	1	1	2	2	2	1
Pre-Tax Profit	680,000	382,716	0	295,679	20,988	-136,000	-60,000	184,375	9,604	115,190	0	-61,540	27,027	1,317,292
Tax	-170,000	-72,716	0	-56,179	-3,988	0	0	-36,875	-1,921	-24,190	0	0	-7,027	-368,842
Profit After Tax	510,000	310,000	0	239,500	17,000	-136,000	-60,000	147,500	7,683	91,000	0	-61,540	20,000	948,450
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	510,000	310,000	0	239,500	17,000	-136,000	-60,000	147,500	7,683	91,000	0	-61,540	20,000	948,450
Employee Costs	245,498	121,053	110,799	113,051	113,795	600,285	375,697	370,738	372,434	260,741	254,640	253,549	196,765	197,564
Number Of Employees	4	2	2	2	2	11	7	7	7	5	5	5	4	4
EBITDA*	666,936	382,575	-9	295,673	20,939	-136,016	-60,000	184,374	9,603	115,189	-2	-61,542	27,025	1,317,291

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	192,317	192,317	192,317	371,912	371,912
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,610,000	1,610,000	1,610,000	1,610,000	1,610,000	361,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000	360,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,610,000	1,610,000	1,610,000	1,610,000	1,610,000	361,000	360,000	360,000	360,000	552,317	552,317	552,317	731,912	731,912
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	413,577	103,577	76,077	24,025	24,025	1,273,075	803,177	863,104	785,101	595,631	514,419	508,437	403,032	375,790
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	511,269	11,282	11,347	6,412	6,490	6,440	0	115	175	235	295	355	293	383
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	924,846	114,859	87,424	30,437	30,515	1,279,515	803,177	863,219	785,276	595,866	514,714	508,792	403,325	376,173
total assets	2,534,846	1,724,859	1,697,424	1,640,437	1,640,515	1,640,515	1,163,177	1,223,219	1,145,276	1,148,183	1,067,031	1,061,109	1,135,237	1,108,085
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	501,153	201,166	483,731	426,744	666,322	1,424	69,984	70,026	139,583	150,173	160,021	154,099	166,687	159,535
Group/Directors Accounts	0	0	0	0	0	681,898	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	501,153	201,166	483,731	426,744	666,322	683,322	69,984	70,026	139,583	150,173	160,021	154,099	166,687	159,535
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	501,153	201,166	483,731	426,744	666,322	683,322	69,984	70,026	139,583	150,173	160,021	154,099	166,687	159,535
net assets	2,033,693	1,523,693	1,213,693	1,213,693	974,193	957,193	1,093,193	1,153,193	1,005,693	998,010	907,010	907,010	968,550	948,550
total shareholders funds	2,033,693	1,523,693	1,213,693	1,213,693	974,193	957,193	1,093,193	1,153,193	1,005,693	998,010	907,010	907,010	968,550	948,550

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	666,936	382,575	-9	295,673	20,939	-136,016	-60,000	184,374	9,603	115,189	-2	-61,542	27,025	1,317,291
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-170,000	-72,716	0	-56,179	-3,988	0	0	-36,875	-1,921	-24,190	0	0	-7,027	-368,842
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	310,000	27,500	52,052	0	-1,249,050	469,898	-59,927	78,003	189,470	81,212	5,982	105,405	27,242	375,790
Creditors	299,987	-282,565	56,987	-239,578	664,898	-68,560	-42	-69,557	-10,590	-9,848	5,922	-12,588	7,152	159,535
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	486,923	-206	4,926	-84	1,930,899	-674,474	-115	-61	-192,378	-61	-62	-179,535	-92	732,194
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	192,317	0	0	179,595	0	-371,912
Change in Investments	0	0	0	0	1,249,000	1,000	0	0	0	0	0	0	0	360,000
cash flow from investments	0	0	0	0	-1,249,000	-1,000	0	0	192,317	0	0	179,595	0	-731,912
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-681,898	681,898	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	13,064	141	9	6	48	16	0	1	1	1	2	2	2	1
cash flow from financing	13,064	141	9	6	-681,850	681,914	0	1	1	1	2	2	2	101
cash and cash equivalents
cash	499,987	-65	4,935	-78	50	6,440	-115	-60	-60	-60	-60	62	-90	383
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	499,987	-65	4,935	-78	50	6,440	-115	-60	-60	-60	-60	62	-90	383

P&L

June 2023

turnover

1.4m

+272%

operating profit

666.9k

gross margin

22.9%

-8.32%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

+0.33%

total assets

2.5m

+0.47%

cash

511.3k

+44.32%

net assets

Total assets minus all liabilities

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company number

04423444

Type

Private limited with Share Capital

industry

73110 - Advertising agencies

incorporation date

April 2002

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

rothwell graphics limited (March 2004)

incorporated

address

westfield house, 7 westfield road, wakefield, west yorkshire, WF1 3RB

last accounts submitted

June 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to pitts developments limited. Currently there are 2 open charges and 0 have been satisfied in the past.

pitts developments limited Company Information

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pitts developments limited Estimated Valuation

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