Pitt Lane Limited

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pitt lane limited Company Information

Live

EstablishedMicroHealthy

Company Number

07055079

Website

pittlane.co.uk

Registered Address

unit a, watley farm watley lane, sparsholt, winchester, hampshire, SO21 2FS

Industry

Maintenance and repair of motor vehicles

Telephone

01962869555

Next Accounts Due

September 2025

Group Structure

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Directors

Harvey Batchelor15 Years

Michael Culhane15 Years

Shareholders

harvey batchelor 90%

michael clifford culhane 10%

pitt lane limited Estimated Valuation

£54.1k

Pomanda estimates the enterprise value of PITT LANE LIMITED at £54.1k based on a Turnover of £209.9k and 0.26x industry multiple (adjusted for size and gross margin).

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Pitt Lane Limited is a live company located in winchester, SO21 2FS with a Companies House number of 07055079. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in October 2009, it's largest shareholder is harvey batchelor with a 90% stake. Pitt Lane Limited is a established, micro sized company, Pomanda has estimated its turnover at £209.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Pitt Lane Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £209.9k, make it smaller than the average company (£586.3k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (9.3%)

EXPORT

Pitt Lane Limited's latest turnover from December 2023 is estimated at £209.9 thousand and the company has net assets of -£5.8 thousand. According to their latest financial statements, Pitt Lane Limited has 6 employees and maintains cash reserves of £11.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010
Turnover	209,868	164,222	257,016	185,756	273,357	189,190	184,639	165,188	102,320	127,052	174,908	165,018	260,290	164,280
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	136,705	106,793	168,669	117,416	172,607	116,499	109,580	98,500	61,584	75,407	104,385	97,509	151,067	92,545
Gross Profit	73,163	57,428	88,346	68,341	100,751	72,691	75,059	66,688	40,736	51,645	70,524	67,510	109,223	71,735
Admin Expenses	85,103	47,743	75,833	78,038	93,137	72,469	84,340	56,290	38,236	46,972	74,257	73,675	110,839	59,910
Operating Profit	-11,940	9,685	12,513	-9,697	7,614	222	-9,281	10,398	2,500	4,673	-3,733	-6,165	-1,616	11,825
Interest Payable	4,795	4,803	2,019	441	543	845	550	379	394	0	0	0	0	0
Interest Receivable	1,277	1,647	69	2	19	7	37	28	57	44	7	59	68	9
Pre-Tax Profit	-15,458	6,528	10,563	-10,136	7,090	-616	-9,794	10,048	2,164	4,716	-3,726	-6,106	-1,548	11,833
Tax	0	-1,240	-2,007	0	-1,347	0	0	-2,009	-433	-990	0	0	0	-3,313
Profit After Tax	-15,458	5,288	8,556	-10,136	5,743	-616	-9,794	8,038	1,731	3,726	-3,726	-6,106	-1,548	8,520
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-15,458	5,288	8,556	-10,136	5,743	-616	-9,794	8,038	1,731	3,726	-3,726	-6,106	-1,548	8,520
Employee Costs	176,849	134,711	135,366	137,706	143,199	115,286	110,250	112,399	27,576	56,425	54,278	52,932	76,180	47,013
Number Of Employees	6	5	5	5	5	4	4	4	1	2	2	2	3	2
EBITDA*	-2,614	11,905	14,575	-8,513	8,798	1,324	-8,378	11,028	3,154	7,925	-518	-2,807	1,028	14,365

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010
Tangible Assets	49,198	17,604	4,198	2,364	3,082	4,266	2,931	2,355	1,363	1,914	4,466	7,681	8,036	10,160
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	49,198	17,604	4,198	2,364	3,082	4,266	2,931	2,355	1,363	1,914	4,466	7,681	8,036	10,160
Stock & work in progress	17,441	21,302	27,631	19,388	8,262	18,596	22,721	7,750	7,000	7,000	3,000	5,500	9,000	0
Trade Debtors	1,573	1,326	0	5,333	30,583	8,953	8,395	4,992	9,726	4,938	14,336	16,390	18,037	12,780
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	922	937	3,171	3,284	6,754	14,847	14,497	18,631	14,765	15,650	7,830	19,655	0	0
Cash	11,209	39,888	54,212	879	4,099	1,098	716	14,173	8,377	14,592	2,981	0	23,651	3,403
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	31,145	63,453	85,014	28,884	49,698	43,494	46,329	45,546	39,868	42,180	28,147	41,545	50,688	16,183
total assets	80,343	81,057	89,212	31,248	52,780	47,760	49,260	47,901	41,231	44,094	32,613	49,226	58,724	26,343
Bank overdraft	14,038	8,984	14,425	6,491	7,978	8,118	16,922	5	12,111	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	6,724	5,653	4,128	11,499	16,288	17,524	17,204	20,088	14,794	43,208	35,453	21,159	51,732	17,803
Group/Directors Accounts	17,450	8,071	4,057	7,517	0	0	0	0	0	0	0	27,181	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	12,815	10,700	18,505	9,889	22,526	21,873	14,273	17,153	11,709	0	0	0	0	0
total current liabilities	51,027	33,408	41,115	35,396	46,792	47,515	48,399	37,246	38,614	43,208	35,453	48,340	51,732	17,803
loans	30,141	34,022	43,689	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	4,937	3,931	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	35,078	37,953	43,689	0	0	0	0	0	0	0	0	0	0	0
total liabilities	86,105	71,361	84,804	35,396	46,792	47,515	48,399	37,246	38,614	43,208	35,453	48,340	51,732	17,803
net assets	-5,762	9,696	4,408	-4,148	5,988	245	861	10,655	2,617	886	-2,840	886	6,992	8,540
total shareholders funds	-5,762	9,696	4,408	-4,148	5,988	245	861	10,655	2,617	886	-2,840	886	6,992	8,540

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Oct 2010
Operating Activities
Operating Profit	-11,940	9,685	12,513	-9,697	7,614	222	-9,281	10,398	2,500	4,673	-3,733	-6,165	-1,616	11,825
Depreciation	9,326	2,220	2,062	1,184	1,184	1,102	903	630	654	3,252	3,215	3,358	2,644	2,540
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,240	-2,007	0	-1,347	0	0	-2,009	-433	-990	0	0	0	-3,313
Stock	-3,861	-6,329	8,243	11,126	-10,334	-4,125	14,971	750	0	4,000	-2,500	-3,500	9,000	0
Debtors	232	-908	-5,446	-28,720	13,537	908	-731	-868	3,903	-1,578	-13,879	18,008	5,257	12,780
Creditors	1,071	1,525	-7,371	-4,789	-1,236	320	-2,884	5,294	-28,414	7,755	14,294	-30,573	33,929	17,803
Accruals and Deferred Income	2,115	-7,805	8,616	-12,637	653	7,600	-2,880	5,444	11,709	0	0	0	0	0
Deferred Taxes & Provisions	1,006	3,931	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	5,207	15,553	11,016	-8,345	3,665	12,461	-28,382	19,875	-17,887	12,268	30,155	-47,888	20,700	16,075
Investing Activities
capital expenditure	-40,920	-15,626	-3,896	-466	0	-2,437	-1,479	-1,622	-103	-700	0	-3,003	-520	-12,700
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-40,920	-15,626	-3,896	-466	0	-2,437	-1,479	-1,622	-103	-700	0	-3,003	-520	-12,700
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	9,379	4,014	-3,460	7,517	0	0	0	0	0	0	-27,181	27,181	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-3,881	-9,667	43,689	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	20
interest	-3,518	-3,156	-1,950	-439	-524	-838	-513	-351	-337	44	7	59	68	9
cash flow from financing	1,980	-8,809	38,279	7,078	-524	-838	-513	-351	-337	44	-27,174	27,240	68	29
cash and cash equivalents
cash	-28,679	-14,324	53,333	-3,220	3,001	382	-13,457	5,796	-6,215	11,611	2,981	-23,651	20,248	3,403
overdraft	5,054	-5,441	7,934	-1,487	-140	-8,804	16,917	-12,106	12,111	0	0	0	0	0
change in cash	-33,733	-8,883	45,399	-1,733	3,141	9,186	-30,374	17,902	-18,326	11,611	2,981	-23,651	20,248	3,403

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for pitt lane limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in SO21 area or any other competitors across 12 key performance metrics.

PITT LANE LIMITED group structure

Pitt Lane Limited has no subsidiary companies.

Ultimate parent company

PITT LANE LIMITED

07055079

PITT LANE LIMITED Shareholders

harvey batchelor	90%
michael clifford culhane	10%

Pitt Lane Limited currently has 2 directors. The longest serving directors include Mr Harvey Batchelor (Oct 2009) and Mr Michael Culhane (Oct 2009).

officer	country	age	start	end	role
Mr Harvey Batchelor	England	61 years	Oct 2009	-	Director
Mr Michael Culhane		58 years	Oct 2009	-	Director

P&L

December 2023

turnover

209.9k

+28%

operating profit

-11.9k

gross margin

34.9%

-0.31%

turnover

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

Balance Sheet

December 2023

net assets

-5.8k

-1.59%

total assets

80.3k

-0.01%

cash

11.2k

-0.72%

net assets

Total assets minus all liabilities

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1.5

company number

07055079

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

October 2009

ultimate parent company

None

previous names

N/A

address

unit a, watley farm watley lane, sparsholt, winchester, hampshire, SO21 2FS

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.

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pitt lane limited Company Information

pitt lane limited Estimated Valuation

pitt lane limited Estimated Valuation

pitt lane limited Estimated Valuation

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PITT LANE LIMITED financials

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