the pits limited
the pits limited Company Information
Company Number
13083215
Next Accounts
Sep 2025
Shareholders
nicholas robertson
Group Structure
View All
Industry
Other amusement and recreation activities
Registered Address
c/o farrow accounting & tax limi, unit t13, tideway yard, london, SW14 8SN
Website
-the pits limited Estimated Valuation
Pomanda estimates the enterprise value of THE PITS LIMITED at £100.3k based on a Turnover of £158.6k and 0.63x industry multiple (adjusted for size and gross margin).
the pits limited Estimated Valuation
Pomanda estimates the enterprise value of THE PITS LIMITED at £0 based on an EBITDA of £-120.6k and a 3.19x industry multiple (adjusted for size and gross margin).
the pits limited Estimated Valuation
Pomanda estimates the enterprise value of THE PITS LIMITED at £0 based on Net Assets of £-417.1k and 1.84x industry multiple (adjusted for liquidity).
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The Pits Limited Overview
The Pits Limited is a live company located in london, SW14 8SN with a Companies House number of 13083215. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in December 2020, it's largest shareholder is nicholas robertson with a 100% stake. The Pits Limited is a young, micro sized company, Pomanda has estimated its turnover at £158.6k with unknown growth in recent years.
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The Pits Limited Health Check
Pomanda's financial health check has awarded The Pits Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £158.6k, make it smaller than the average company (£463.9k)
- The Pits Limited
£463.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Pits Limited
- - Industry AVG
Production
with a gross margin of 36.9%, this company has a higher cost of product (63.8%)
- The Pits Limited
63.8% - Industry AVG
Profitability
an operating margin of -76% make it less profitable than the average company (8%)
- The Pits Limited
8% - Industry AVG
Employees
with 2 employees, this is below the industry average (10)
2 - The Pits Limited
10 - Industry AVG
Pay Structure
on an average salary of £20.4k, the company has an equivalent pay structure (£20.4k)
- The Pits Limited
£20.4k - Industry AVG
Efficiency
resulting in sales per employee of £79.3k, this is more efficient (£62.7k)
- The Pits Limited
£62.7k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is later than average (10 days)
- The Pits Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 1539 days, this is slower than average (41 days)
- The Pits Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Pits Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Pits Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7007.8%, this is a higher level of debt than the average (38.5%)
7007.8% - The Pits Limited
38.5% - Industry AVG
THE PITS LIMITED financials
The Pits Limited's latest turnover from December 2023 is estimated at £158.6 thousand and the company has net assets of -£417.1 thousand. According to their latest financial statements, The Pits Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Tangible Assets | 705 | 1,058 | 1,323 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 705 | 1,058 | 1,323 |
| Stock & work in progress | |||
| Trade Debtors | 5,333 | 10,980 | 10,944 |
| Group Debtors | |||
| Misc Debtors | 6,250 | 31,250 | |
| Cash | |||
| misc current assets | |||
| total current assets | 5,333 | 17,230 | 42,194 |
| total assets | 6,038 | 18,288 | 43,517 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 422,133 | 313,822 | 160,325 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | |||
| total current liabilities | 422,133 | 313,822 | 160,325 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | 1,000 | 1,000 | 1,000 |
| other liabilities | |||
| provisions | |||
| total long term liabilities | 1,000 | 1,000 | 1,000 |
| total liabilities | 423,133 | 314,822 | 161,325 |
| net assets | -417,095 | -296,534 | -117,808 |
| total shareholders funds | -417,095 | -296,534 | -117,808 |
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | -11,897 | -24,964 | 42,194 |
| Creditors | 108,311 | 153,497 | 160,325 |
| Accruals and Deferred Income | 1,000 | ||
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | |||
| overdraft | |||
| change in cash |
the pits limited Credit Report and Business Information
The Pits Limited Competitor Analysis
Perform a competitor analysis for the pits limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in SW14 area or any other competitors across 12 key performance metrics.
the pits limited Ownership
THE PITS LIMITED group structure
The Pits Limited has no subsidiary companies.
Ultimate parent company
THE PITS LIMITED
13083215
the pits limited directors
The Pits Limited currently has 2 directors. The longest serving directors include Mr Nicholas Robertson (Dec 2020) and Mr Michael Taylor (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Robertson | England | 57 years | Dec 2020 | - | Director |
| Mr Michael Taylor | United Kingdom | 57 years | Dec 2020 | - | Director |
P&L
December 2023turnover
158.6k
+21%
operating profit
-120.6k
0%
gross margin
37%
+1.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-417.1k
+0.41%
total assets
6k
-0.67%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
the pits limited company details
company number
13083215
Type
Private limited with Share Capital
industry
93290 - Other amusement and recreation activities
incorporation date
December 2020
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
c/o farrow accounting & tax limi, unit t13, tideway yard, london, SW14 8SN
Bank
-
Legal Advisor
-
the pits 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 the pits limited.
the pits 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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the pits limited Companies House Filings - See Documents
| date | description | view/download |
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