puttshack ltd
puttshack ltd Company Information
Company Number
09875975
Next Accounts
92 days late
Industry
Other business support service activities n.e.c.
Shareholders
puttshack international holdings inc
Group Structure
View All
Contact
Registered Address
7 savoy court, london, WC2R 0EX
Website
www.puttshack.computtshack ltd Estimated Valuation
Pomanda estimates the enterprise value of PUTTSHACK LTD at £105.7m based on a Turnover of £55.4m and 1.91x industry multiple (adjusted for size and gross margin).
puttshack ltd Estimated Valuation
Pomanda estimates the enterprise value of PUTTSHACK LTD at £0 based on an EBITDA of £-5.1m and a 14.07x industry multiple (adjusted for size and gross margin).
puttshack ltd Estimated Valuation
Pomanda estimates the enterprise value of PUTTSHACK LTD at £117.8m based on Net Assets of £50.2m and 2.35x industry multiple (adjusted for liquidity).
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Puttshack Ltd Overview
Puttshack Ltd is a live company located in london, WC2R 0EX with a Companies House number of 09875975. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2015, it's largest shareholder is puttshack international holdings inc with a 100% stake. Puttshack Ltd is a young, large sized company, Pomanda has estimated its turnover at £55.4m with rapid growth in recent years.
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Puttshack Ltd Health Check
Pomanda's financial health check has awarded Puttshack Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs
9 Strong
0 Regular
3 Weak
Size
annual sales of £55.4m, make it larger than the average company (£4m)
£55.4m - Puttshack Ltd
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (3%)
70% - Puttshack Ltd
3% - Industry AVG
Production
with a gross margin of 85.4%, this company has a lower cost of product (38.4%)
85.4% - Puttshack Ltd
38.4% - Industry AVG
Profitability
an operating margin of -19.1% make it less profitable than the average company (6.2%)
-19.1% - Puttshack Ltd
6.2% - Industry AVG
Employees
with 903 employees, this is above the industry average (25)
903 - Puttshack Ltd
25 - Industry AVG
Pay Structure
on an average salary of £16.5k, the company has a lower pay structure (£51.3k)
£16.5k - Puttshack Ltd
£51.3k - Industry AVG
Efficiency
resulting in sales per employee of £61.3k, this is less efficient (£162.1k)
£61.3k - Puttshack Ltd
£162.1k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (44 days)
0 days - Puttshack Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 681 days, this is slower than average (33 days)
681 days - Puttshack Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 72 days, this is more than average (34 days)
72 days - Puttshack Ltd
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (23 weeks)
32 weeks - Puttshack Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.1%, this is a lower level of debt than the average (63.7%)
50.1% - Puttshack Ltd
63.7% - Industry AVG
PUTTSHACK LTD financials
Puttshack Ltd's latest turnover from December 2022 is £55.4 million and the company has net assets of £50.2 million. According to their latest financial statements, Puttshack Ltd has 903 employees and maintains cash reserves of £16.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 55,384,236 | 21,159,858 | 6,542,254 | 11,196,086 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 8,106,291 | 3,234,752 | 750,348 | 1,520,750 | |||
| Gross Profit | 47,277,945 | 17,925,106 | 5,791,906 | 9,675,336 | |||
| Admin Expenses | 57,855,930 | 26,164,191 | 15,107,904 | 16,322,978 | |||
| Operating Profit | -10,577,985 | -8,239,085 | -9,315,998 | -6,647,642 | |||
| Interest Payable | 1,779,145 | 1,305,706 | 3,397,840 | 1,688,508 | |||
| Interest Receivable | 0 | 0 | 0 | 6,349 | |||
| Pre-Tax Profit | -12,357,130 | -9,544,791 | -12,713,838 | -8,329,801 | |||
| Tax | 0 | 109,497 | 247,757 | 0 | |||
| Profit After Tax | -12,357,130 | -9,435,294 | -12,466,081 | -8,329,801 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | |||
| Retained Profit | -6,868,986 | -9,435,294 | -12,466,081 | -8,329,801 | |||
| Employee Costs | 14,885,130 | 8,574,101 | 6,867,197 | 4,985,282 | |||
| Number Of Employees | 903 | 408 | 254 | 163 | 31 | 5 | 5 |
| EBITDA* | -5,139,536 | -5,123,857 | -6,861,765 | -5,176,806 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,590,133 | 24,878,201 | 18,290,376 | 15,274,985 | 6,303,565 | 570,173 | 129,000 |
| Intangible Assets | 4,838,513 | 3,067,130 | 2,358,911 | 2,220,324 | 927,511 | 622,468 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 66,428,646 | 27,945,331 | 20,649,287 | 17,495,309 | 7,231,076 | 1,192,641 | 129,000 |
| Stock & work in progress | 1,604,545 | 731,772 | 608,775 | 870,617 | 146,953 | 0 | 0 |
| Trade Debtors | 53,129 | 45,933 | 30,605 | 1,084,380 | 458,745 | 0 | 0 |
| Group Debtors | 3,872 | 395,950 | 666,397 | 143,273 | 0 | 0 | 0 |
| Misc Debtors | 16,309,720 | 7,414,728 | 4,285,042 | 2,341,289 | 0 | 449,907 | 0 |
| Cash | 16,084,013 | 36,939,735 | 7,406,314 | 15,194,005 | 2,188,679 | 3,713,111 | 6,156,908 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 34,055,279 | 45,528,118 | 12,997,133 | 19,633,564 | 3,670,511 | 4,163,018 | 6,156,908 |
| total assets | 100,483,925 | 73,473,449 | 33,646,420 | 37,128,873 | 10,901,587 | 5,355,659 | 6,285,908 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,126,311 | 6,521,387 | 4,086,581 | 1,686,932 | 286,212 | 34,680 | 4,800 |
| Group/Directors Accounts | 85,295 | 0 | 0 | 464,008 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 338,043 | 0 | 0 |
| hp & lease commitments | 616,032 | 626,417 | 323,506 | 296,466 | 0 | 0 | 0 |
| other current liabilities | 10,307,932 | 4,231,382 | 7,186,993 | 3,995,050 | 0 | 56,225 | 361,918 |
| total current liabilities | 26,135,570 | 11,379,186 | 11,597,080 | 6,442,456 | 2,211,409 | 90,905 | 366,718 |
| loans | 19,469,617 | 757,744 | 31,097,133 | 27,542,895 | 0 | 0 | 0 |
| hp & lease commitments | 275,619 | 510,811 | 172,323 | 444,320 | 0 | 0 | 0 |
| Accruals and Deferred Income | 4,442,575 | 4,179,560 | 2,807,999 | 2,261,236 | 0 | 0 | 0 |
| other liabilities | 0 | 518,817 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 24,187,811 | 5,966,932 | 34,077,455 | 30,248,451 | 822,257 | 0 | 0 |
| total liabilities | 50,323,381 | 17,346,118 | 45,674,535 | 36,690,907 | 3,033,666 | 90,905 | 366,718 |
| net assets | 50,160,544 | 56,127,331 | -12,028,115 | 437,966 | 7,867,921 | 5,264,754 | 5,919,190 |
| total shareholders funds | 50,160,544 | 56,127,331 | -12,028,115 | 437,966 | 7,867,921 | 5,264,754 | 5,919,190 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -10,577,985 | -8,239,085 | -9,315,998 | -6,647,642 | |||
| Depreciation | 4,489,566 | 2,469,299 | 1,936,036 | 1,119,097 | 203,755 | 1,533 | |
| Amortisation | 948,883 | 645,929 | 518,197 | 351,739 | 671 | 0 | |
| Tax | 0 | 109,497 | 247,757 | 0 | |||
| Stock | 872,773 | 122,997 | -261,842 | 723,664 | 146,953 | 0 | 0 |
| Debtors | 8,510,110 | 2,874,567 | 1,413,102 | 3,110,197 | 8,838 | 449,907 | 0 |
| Creditors | 8,604,924 | 2,434,806 | 2,399,649 | 1,400,720 | 251,532 | 29,880 | 4,800 |
| Accruals and Deferred Income | 6,339,565 | -1,584,050 | 3,738,706 | 6,256,286 | -56,225 | -305,693 | 361,918 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 422,070 | -7,161,168 | -1,626,913 | -1,353,661 | |||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 85,295 | 0 | -464,008 | 464,008 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -338,043 | 338,043 | 0 | 0 |
| Long term loans | 18,711,873 | -30,339,389 | 3,554,238 | 27,542,895 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -245,577 | 641,399 | -244,957 | 740,786 | 0 | 0 | 0 |
| other long term liabilities | -518,817 | 518,817 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -1,779,145 | -1,305,706 | -3,397,840 | -1,682,159 | |||
| cash flow from financing | 17,155,828 | 47,105,861 | -552,567 | 27,627,333 | |||
| cash and cash equivalents | |||||||
| cash | -20,855,722 | 29,533,421 | -7,787,691 | 13,005,326 | -1,524,432 | -2,443,797 | 6,156,908 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -20,855,722 | 29,533,421 | -7,787,691 | 13,005,326 | -1,524,432 | -2,443,797 | 6,156,908 |
puttshack ltd Credit Report and Business Information
Puttshack Ltd Competitor Analysis
Perform a competitor analysis for puttshack ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in WC2R area or any other competitors across 12 key performance metrics.
puttshack ltd Ownership
PUTTSHACK LTD group structure
Puttshack Ltd has 3 subsidiary companies.
Ultimate parent company
PUTTSHACK INTERNATIONAL HOLDINGS INC
#0163125
1 parent
PUTTSHACK LTD
09875975
3 subsidiaries
puttshack ltd directors
Puttshack Ltd currently has 3 directors. The longest serving directors include Mr Michael Burt (May 2019) and Mr Logan Powell (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Burt | United Kingdom | 50 years | May 2019 | - | Director |
| Mr Logan Powell | United Kingdom | 40 years | Jul 2019 | - | Director |
| Mr Andrew Willett | United Kingdom | 45 years | Oct 2024 | - | Director |
P&L
December 2022turnover
55.4m
+162%
operating profit
-10.6m
+28%
gross margin
85.4%
+0.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
50.2m
-0.11%
total assets
100.5m
+0.37%
cash
16.1m
-0.56%
net assets
Total assets minus all liabilities
puttshack ltd company details
company number
09875975
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2015
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
DELLOITE LLP
address
7 savoy court, london, WC2R 0EX
Bank
-
Legal Advisor
-
puttshack ltd 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 9 charges/mortgages relating to puttshack ltd. Currently there are 8 open charges and 1 have been satisfied in the past.
puttshack ltd 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.
Click to start generating capital raising & share issue transactions for PUTTSHACK LTD. This can take several minutes, an email will notify you when this has completed.
puttshack ltd Companies House Filings - See Documents
| date | description | view/download |
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