cit management limited
cit management limited Company Information
Company Number
09777021
Next Accounts
Dec 2025
Shareholders
cit group partners llp
Group Structure
View All
Industry
Development of building projects
Registered Address
1st floor 1 red place, london, W1K 6PL
Website
www.cit.co.ukcit management limited Estimated Valuation
Pomanda estimates the enterprise value of CIT MANAGEMENT LIMITED at £3.4m based on a Turnover of £2.8m and 1.18x industry multiple (adjusted for size and gross margin).
cit management limited Estimated Valuation
Pomanda estimates the enterprise value of CIT MANAGEMENT LIMITED at £2.9m based on an EBITDA of £308.3k and a 9.35x industry multiple (adjusted for size and gross margin).
cit management limited Estimated Valuation
Pomanda estimates the enterprise value of CIT MANAGEMENT LIMITED at £3.3m based on Net Assets of £2.4m and 1.41x industry multiple (adjusted for liquidity).
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Cit Management Limited Overview
Cit Management Limited is a live company located in london, W1K 6PL with a Companies House number of 09777021. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2015, it's largest shareholder is cit group partners llp with a 100% stake. Cit Management Limited is a established, small sized company, Pomanda has estimated its turnover at £2.8m with healthy growth in recent years.
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Cit Management Limited Health Check
Pomanda's financial health check has awarded Cit Management Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £2.8m, make it larger than the average company (£2.3m)
£2.8m - Cit Management Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (6%)
5% - Cit Management Limited
6% - Industry AVG
Production
with a gross margin of 94.3%, this company has a lower cost of product (26.3%)
94.3% - Cit Management Limited
26.3% - Industry AVG
Profitability
an operating margin of 10.9% make it more profitable than the average company (7.5%)
10.9% - Cit Management Limited
7.5% - Industry AVG
Employees
with 11 employees, this is above the industry average (6)
- Cit Management Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Cit Management Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £257.9k, this is equally as efficient (£277.7k)
- Cit Management Limited
£277.7k - Industry AVG
Debtor Days
it gets paid by customers after 192 days, this is later than average (27 days)
192 days - Cit Management Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is close to average (31 days)
29 days - Cit Management Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cit Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (11 weeks)
5 weeks - Cit Management Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.9%, this is a lower level of debt than the average (73.8%)
44.9% - Cit Management Limited
73.8% - Industry AVG
CIT MANAGEMENT LIMITED financials
Cit Management Limited's latest turnover from March 2024 is £2.8 million and the company has net assets of £2.4 million. According to their latest financial statements, we estimate that Cit Management Limited has 11 employees and maintains cash reserves of £199.9 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 | 2,836,787 | 3,618,545 | 3,399,289 | 2,446,012 | 3,288,014 | 2,874,195 | 1,690,574 | 1,946,391 | 861,532 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 163,242 | 267,125 | 766,198 | 493,110 | 505,999 | 320,607 | 278,166 | 570,450 | |
| Gross Profit | 2,673,545 | 3,351,420 | 2,633,091 | 1,952,902 | 2,782,015 | 2,553,588 | 1,412,408 | 1,375,941 | 861,532 |
| Admin Expenses | 2,365,216 | 2,492,751 | 1,880,152 | 1,613,036 | 2,071,756 | 1,312,837 | 1,364,842 | 363,756 | 306,946 |
| Operating Profit | 308,329 | 858,669 | 752,939 | 339,866 | 710,259 | 1,240,751 | 47,566 | 1,012,185 | 554,586 |
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 308,329 | 858,669 | 752,939 | 339,866 | 710,259 | 1,240,751 | 47,566 | 1,012,185 | 554,586 |
| Tax | -87,596 | -110,290 | -89,891 | -86,643 | -84,532 | -12,165 | -33,927 | -289,561 | -110,917 |
| Profit After Tax | 220,733 | 748,379 | 663,048 | 253,223 | 625,727 | 1,228,586 | 13,639 | 722,624 | 443,669 |
| Dividends Paid | 100,000 | 200,000 | 100,000 | 70,000 | 590,000 | 1,492,213 | |||
| Retained Profit | 120,733 | 548,379 | 563,048 | 183,223 | 35,727 | -263,627 | 13,639 | 722,624 | 443,669 |
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | 308,329 | 858,669 | 752,939 | 339,866 | 710,259 | 1,240,751 | 47,566 | 1,012,185 | 554,586 |
* 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 | |||||||||
| Intangible Assets | |||||||||
| Investments & Other | 2,506,213 | 2,471,213 | 1,828,165 | 1,635,993 | 514,199 | 3 | 3 | 3 | 2 |
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 2,506,213 | 2,471,213 | 1,828,165 | 1,635,993 | 514,199 | 3 | 3 | 3 | 2 |
| Stock & work in progress | |||||||||
| Trade Debtors | 1,495,304 | 1,498,869 | 1,866,337 | ||||||
| Group Debtors | 92,967 | 307,783 | 25,578 | 1,002,952 | 1,510,837 | 898,305 | 2,237,460 | 861,530 | |
| Misc Debtors | 1,625 | ||||||||
| Cash | 199,879 | 158,314 | 28,234 | 394,829 | 632,600 | 64,803 | 1,050,940 | ||
| misc current assets | |||||||||
| total current assets | 1,788,150 | 1,964,966 | 1,920,149 | 394,829 | 1,635,552 | 1,577,265 | 1,949,245 | 2,237,460 | 861,530 |
| total assets | 4,294,363 | 4,436,179 | 3,748,314 | 2,030,822 | 2,149,751 | 1,577,268 | 1,949,248 | 2,237,463 | 861,532 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 13,379 | 19,070 | 2,500 | ||||||
| Group/Directors Accounts | 162,950 | 487,767 | 493,369 | 342,549 | 626,092 | 419,198 | 136,408 | 467,872 | 377,927 |
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 1,750,619 | 1,682,660 | 1,554,142 | 553,019 | 571,628 | 241,766 | 632,908 | 603,298 | 39,934 |
| total current liabilities | 1,926,948 | 2,189,497 | 2,050,011 | 895,568 | 1,197,720 | 660,964 | 769,316 | 1,071,170 | 417,861 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | |||||||||
| total liabilities | 1,926,948 | 2,189,497 | 2,050,011 | 895,568 | 1,197,720 | 660,964 | 769,316 | 1,071,170 | 417,861 |
| net assets | 2,367,415 | 2,246,682 | 1,698,303 | 1,135,254 | 952,031 | 916,304 | 1,179,932 | 1,166,293 | 443,671 |
| total shareholders funds | 2,367,415 | 2,246,682 | 1,698,303 | 1,135,254 | 952,031 | 916,304 | 1,179,932 | 1,166,293 | 443,671 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 308,329 | 858,669 | 752,939 | 339,866 | 710,259 | 1,240,751 | 47,566 | 1,012,185 | 554,586 |
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | -87,596 | -110,290 | -89,891 | -86,643 | -84,532 | -12,165 | -33,927 | -289,561 | -110,917 |
| Stock | |||||||||
| Debtors | -218,381 | -85,263 | 1,891,915 | -1,002,952 | -509,510 | 614,157 | -1,339,155 | 1,375,930 | 861,530 |
| Creditors | -5,691 | 16,570 | 2,500 | ||||||
| Accruals and Deferred Income | 67,959 | 128,518 | 1,001,123 | -18,609 | 329,862 | -391,142 | 29,610 | 563,364 | 39,934 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | 501,382 | 978,730 | -225,244 | 1,237,566 | 1,465,099 | 223,287 | 1,382,404 | -89,942 | -377,927 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 35,000 | 643,048 | 192,172 | 1,121,794 | 514,196 | 1 | 2 | ||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -324,817 | -5,602 | 150,820 | -283,543 | 206,894 | 282,790 | -331,464 | 89,945 | 377,927 |
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | -324,817 | -5,602 | 150,821 | -283,543 | 206,894 | 282,789 | -331,464 | 89,943 | 377,929 |
| cash and cash equivalents | |||||||||
| cash | 41,565 | 130,080 | -366,595 | -237,771 | 567,797 | -986,137 | 1,050,940 | ||
| overdraft | |||||||||
| change in cash | 41,565 | 130,080 | -366,595 | -237,771 | 567,797 | -986,137 | 1,050,940 |
cit management limited Credit Report and Business Information
Cit Management Limited Competitor Analysis
Perform a competitor analysis for cit management limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in W1K area or any other competitors across 12 key performance metrics.
cit management limited Ownership
CIT MANAGEMENT LIMITED group structure
Cit Management Limited has 2 subsidiary companies.
Ultimate parent company
CIT HOLDINGS LTD
#0045313
2 parents
CIT MANAGEMENT LIMITED
09777021
2 subsidiaries
cit management limited directors
Cit Management Limited currently has 2 directors. The longest serving directors include Mr Craig Johnston (Sep 2015) and Mr Thomas Finch (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Craig Johnston | United Kingdom | 55 years | Sep 2015 | - | Director |
| Mr Thomas Finch | England | 43 years | Aug 2019 | - | Director |
P&L
March 2024turnover
2.8m
-22%
operating profit
308.3k
-64%
gross margin
94.3%
+1.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
2.4m
+0.05%
total assets
4.3m
-0.03%
cash
199.9k
+0.26%
net assets
Total assets minus all liabilities
cit management limited company details
company number
09777021
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
MHA
address
1st floor 1 red place, london, W1K 6PL
Bank
BARCLAYS BANK PLC
Legal Advisor
JONES DAY
cit management 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 did not find charges/mortgages relating to cit management limited.
cit management 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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cit management limited Companies House Filings - See Documents
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