pit boss limited
pit boss limited Company Information
Group Structure
View All
Industry
Licensed restaurants
Registered Address
b.c.l. house, 2 pavilion business park, leeds, LS12 6AJ
Website
-pit boss limited Estimated Valuation
Pomanda estimates the enterprise value of PIT BOSS LIMITED at £644.8k based on a Turnover of £973.8k and 0.66x industry multiple (adjusted for size and gross margin).
pit boss limited Estimated Valuation
Pomanda estimates the enterprise value of PIT BOSS LIMITED at £0 based on an EBITDA of £-80.6k and a 4.28x industry multiple (adjusted for size and gross margin).
pit boss limited Estimated Valuation
Pomanda estimates the enterprise value of PIT BOSS LIMITED at £0 based on Net Assets of £-393.8k and 2.72x industry multiple (adjusted for liquidity).
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Pit Boss Limited Overview
Pit Boss Limited is a live company located in leeds, LS12 6AJ with a Companies House number of 09266392. It operates in the licenced restaurants sector, SIC Code 56101. Founded in October 2014, it's largest shareholder is walcott peak limited with a 100% stake. Pit Boss Limited is a established, small sized company, Pomanda has estimated its turnover at £973.8k with rapid growth in recent years.
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Pit Boss Limited Health Check
Pomanda's financial health check has awarded Pit Boss Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £973.8k, make it smaller than the average company (£2m)
- Pit Boss Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 109%, show it is growing at a faster rate (21.2%)
- Pit Boss Limited
21.2% - Industry AVG
Production
with a gross margin of 58.4%, this company has a comparable cost of product (58.4%)
- Pit Boss Limited
58.4% - Industry AVG
Profitability
an operating margin of -19.7% make it less profitable than the average company (3.3%)
- Pit Boss Limited
3.3% - Industry AVG
Employees
with 27 employees, this is below the industry average (40)
27 - Pit Boss Limited
40 - Industry AVG
Pay Structure
on an average salary of £19.7k, the company has an equivalent pay structure (£19.7k)
- Pit Boss Limited
£19.7k - Industry AVG
Efficiency
resulting in sales per employee of £36.1k, this is less efficient (£56.6k)
- Pit Boss Limited
£56.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (5 days)
- Pit Boss Limited
5 days - Industry AVG
Creditor Days
its suppliers are paid after 190 days, this is slower than average (44 days)
- Pit Boss Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is more than average (11 days)
- Pit Boss Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - Pit Boss Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 128.9%, this is a higher level of debt than the average (83%)
128.9% - Pit Boss Limited
83% - Industry AVG
PIT BOSS LIMITED financials
Pit Boss Limited's latest turnover from March 2024 is estimated at £973.8 thousand and the company has net assets of -£393.8 thousand. According to their latest financial statements, Pit Boss Limited has 27 employees and maintains cash reserves of £50.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,902,825 | 106,182 | 2,174,640 | 1,977,925 | 1,303,259 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 889,243 | 433,717 | 1,139,769 | 1,010,572 | 874,833 | ||||
| Gross Profit | 1,013,582 | -327,535 | 1,034,871 | 967,353 | 428,426 | ||||
| Admin Expenses | 939,430 | 82,791 | 1,101,385 | 1,081,781 | 1,097,605 | ||||
| Operating Profit | 74,152 | -410,326 | -66,514 | -114,428 | -669,179 | ||||
| Interest Payable | 12,937 | 10,039 | 0 | 0 | 0 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | 61,215 | -161,913 | 733,486 | -114,428 | -669,179 | ||||
| Tax | -28,293 | 62,123 | -4,886 | 2,250 | 125,039 | ||||
| Profit After Tax | 32,922 | -99,790 | 728,600 | -112,178 | -544,140 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 32,922 | -99,790 | 728,600 | -112,178 | -544,140 | ||||
| Employee Costs | 519,982 | 523,823 | 622,892 | 541,236 | 540,309 | ||||
| Number Of Employees | 27 | 26 | 26 | 25 | 35 | 29 | 30 | ||
| EBITDA* | 210,992 | -270,769 | 79,646 | -54,355 | -511,902 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,167,935 | 1,259,906 | 1,348,459 | 1,450,529 | 1,561,853 | 1,675,137 | 1,702,044 | 0 | 0 |
| Intangible Assets | 0 | 0 | 618 | 16,746 | 32,874 | 49,002 | 65,177 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,167,935 | 1,259,906 | 1,349,077 | 1,467,275 | 1,594,727 | 1,724,139 | 1,767,221 | 0 | 0 |
| Stock & work in progress | 18,515 | 18,089 | 18,545 | 7,253 | 11,122 | 16,063 | 13,570 | 0 | 0 |
| Trade Debtors | 2,400 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 5,333 | 7,508 | 0 | 30,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 116,663 | 291,227 | 257,586 | 240,215 | 218,734 | 202,673 | 191,301 | 0 | 0 |
| Cash | 50,370 | 74,481 | 218,793 | 72,435 | 17,929 | 104,418 | 61,984 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 193,281 | 397,305 | 494,924 | 349,903 | 247,785 | 323,154 | 266,855 | 0 | 0 |
| total assets | 1,361,216 | 1,657,211 | 1,844,001 | 1,817,178 | 1,842,512 | 2,047,293 | 2,034,076 | 0 | 0 |
| Bank overdraft | 66,688 | 67,570 | 61,440 | 39,585 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 211,027 | 202,773 | 284,356 | 160,186 | 191,534 | 231,948 | 373,989 | 0 | 0 |
| Group/Directors Accounts | 138,289 | 95,596 | 0 | 894,655 | 1,210,914 | 2,130,393 | 2,013,369 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 447,065 | 430,045 | 444,159 | 464,845 | 367,781 | 341,269 | 190,857 | 0 | 0 |
| total current liabilities | 863,069 | 795,984 | 789,955 | 1,559,271 | 1,770,229 | 2,703,610 | 2,578,215 | 0 | 0 |
| loans | 891,979 | 954,621 | 1,048,632 | 285,415 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 891,979 | 954,621 | 1,048,632 | 285,415 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,755,048 | 1,750,605 | 1,838,587 | 1,844,686 | 1,770,229 | 2,703,610 | 2,578,215 | 0 | 0 |
| net assets | -393,832 | -93,394 | 5,414 | -27,508 | 72,283 | -656,317 | -544,139 | 0 | 0 |
| total shareholders funds | -393,832 | -93,394 | 5,414 | -27,508 | 72,283 | -656,317 | -544,139 | 0 | 0 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 74,152 | -410,326 | -66,514 | -114,428 | -669,179 | ||||
| Depreciation | 111,672 | 20,982 | 120,712 | 123,429 | 130,032 | 43,898 | 141,814 | ||
| Amortisation | 0 | 618 | 16,128 | 16,128 | 16,128 | 16,175 | 15,463 | ||
| Tax | -28,293 | 62,123 | -4,886 | 2,250 | 125,039 | ||||
| Stock | 426 | -456 | 11,292 | -3,869 | -4,941 | 2,493 | 13,570 | 0 | 0 |
| Debtors | -180,339 | 47,149 | -12,629 | 51,481 | 16,061 | 11,372 | 191,301 | 0 | 0 |
| Creditors | 8,254 | -81,583 | 124,170 | -31,348 | -40,414 | -142,041 | 373,989 | 0 | 0 |
| Accruals and Deferred Income | 17,020 | -14,114 | -20,686 | 97,064 | 26,512 | 150,412 | 190,857 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 287,520 | -190,542 | 49,738 | -57,599 | -26,888 | ||||
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,924,498 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -1,924,498 | ||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 42,693 | 95,596 | -894,655 | -316,259 | -919,479 | 117,024 | 2,013,369 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -62,642 | -94,011 | 763,217 | 285,415 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -12,937 | -10,039 | 0 | 0 | 0 | ||||
| cash flow from financing | -144,375 | -40,884 | -919,479 | 117,024 | 2,013,370 | ||||
| cash and cash equivalents | |||||||||
| cash | -24,111 | -144,312 | 146,358 | 54,506 | -86,489 | 42,434 | 61,984 | 0 | 0 |
| overdraft | -882 | 6,130 | 21,855 | 39,585 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -23,229 | -150,442 | 124,503 | 14,921 | -86,489 | 42,434 | 61,984 | 0 | 0 |
pit boss limited Credit Report and Business Information
Pit Boss Limited Competitor Analysis
Perform a competitor analysis for pit boss limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in LS12 area or any other competitors across 12 key performance metrics.
pit boss limited Ownership
PIT BOSS LIMITED group structure
Pit Boss Limited has 1 subsidiary company.
Ultimate parent company
WALCOTT PEAK LTD
#0068449
1 parent
PIT BOSS LIMITED
09266392
1 subsidiary
pit boss limited directors
Pit Boss Limited currently has 1 director, Mr William Ricker serving since Jun 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Ricker | 62 years | Jun 2016 | - | Director |
P&L
March 2024turnover
973.8k
+6%
operating profit
-192.3k
0%
gross margin
58.5%
+0.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-393.8k
+3.22%
total assets
1.4m
-0.18%
cash
50.4k
-0.32%
net assets
Total assets minus all liabilities
pit boss limited company details
company number
09266392
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
SMH BCL ACCOUNTANTS LTD
auditor
-
address
b.c.l. house, 2 pavilion business park, leeds, LS12 6AJ
Bank
-
Legal Advisor
-
pit boss limited Charges & Mortgages
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 1 charges/mortgages relating to pit boss limited. Currently there are 1 open charges and 0 have been satisfied in the past.
pit boss limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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pit boss limited Companies House Filings - See Documents
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