pitmain and glenbanchor limited
pitmain and glenbanchor limited Company Information
Company Number
SC319607
Next Accounts
34 days late
Directors
Shareholders
ranita management sa
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
c/o anderson strathern llp, 58 morrison street, edinburgh, EH3 8BP
Website
-pitmain and glenbanchor limited Estimated Valuation
Pomanda estimates the enterprise value of PITMAIN AND GLENBANCHOR LIMITED at £887.7k based on a Turnover of £1.6m and 0.56x industry multiple (adjusted for size and gross margin).
pitmain and glenbanchor limited Estimated Valuation
Pomanda estimates the enterprise value of PITMAIN AND GLENBANCHOR LIMITED at £0 based on an EBITDA of £-306.7k and a 3.99x industry multiple (adjusted for size and gross margin).
pitmain and glenbanchor limited Estimated Valuation
Pomanda estimates the enterprise value of PITMAIN AND GLENBANCHOR LIMITED at £0 based on Net Assets of £-3.3m and 2.37x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Pitmain And Glenbanchor Limited Overview
Pitmain And Glenbanchor Limited is a live company located in edinburgh, EH3 8BP with a Companies House number of SC319607. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2007, it's largest shareholder is ranita management sa with a 100% stake. Pitmain And Glenbanchor Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.
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Pitmain And Glenbanchor Limited Health Check
Pomanda's financial health check has awarded Pitmain And Glenbanchor Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
5 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£3.1m)
- Pitmain And Glenbanchor Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (4.1%)
- Pitmain And Glenbanchor Limited
4.1% - Industry AVG
Production
with a gross margin of 38.5%, this company has a comparable cost of product (38.5%)
- Pitmain And Glenbanchor Limited
38.5% - Industry AVG
Profitability
an operating margin of -29% make it less profitable than the average company (6.5%)
- Pitmain And Glenbanchor Limited
6.5% - Industry AVG
Employees
with 13 employees, this is below the industry average (20)
13 - Pitmain And Glenbanchor Limited
20 - Industry AVG
Pay Structure
on an average salary of £44.8k, the company has an equivalent pay structure (£44.8k)
- Pitmain And Glenbanchor Limited
£44.8k - Industry AVG
Efficiency
resulting in sales per employee of £121.7k, this is equally as efficient (£141.2k)
- Pitmain And Glenbanchor Limited
£141.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Pitmain And Glenbanchor Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Pitmain And Glenbanchor Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is in line with average (30 days)
- Pitmain And Glenbanchor Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (27 weeks)
49 weeks - Pitmain And Glenbanchor Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 155.1%, this is a higher level of debt than the average (60.5%)
155.1% - Pitmain And Glenbanchor Limited
60.5% - Industry AVG
PITMAIN AND GLENBANCHOR LIMITED financials
Pitmain And Glenbanchor Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of -£3.3 million. According to their latest financial statements, Pitmain And Glenbanchor Limited has 13 employees and maintains cash reserves of £275.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 403,862 | 332,443 | 54,272 | 35,834 | 107,327 | 110,249 | 75,040 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 104,298 | 59,444 | 25,650 | 18,784 | 33,036 | 12,158 | 12,916 | |||||||
| Gross Profit | 299,564 | 272,999 | 28,622 | 17,050 | 74,291 | 98,091 | 62,124 | |||||||
| Admin Expenses | 535,380 | 558,470 | 341,383 | 275,230 | 226,648 | |||||||||
| Operating Profit | -235,816 | -285,471 | -312,761 | -258,180 | -152,357 | |||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest Receivable | 0 | 7,458 | 0 | 0 | 0 | 0 | 0 | |||||||
| Pre-Tax Profit | -235,816 | -278,013 | -312,761 | -258,180 | -152,357 | -82,605 | -71,256 | |||||||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Profit After Tax | -235,816 | -278,013 | -312,761 | -258,180 | -152,357 | -82,605 | -71,256 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | -235,816 | -278,013 | -312,761 | -258,180 | -152,357 | -82,605 | -71,256 | |||||||
| Employee Costs | 35,349 | |||||||||||||
| Number Of Employees | 13 | 13 | 25 | 25 | 25 | 38 | 5 | 5 | ||||||
| EBITDA* | -80,702 | -165,292 | -233,483 | -202,953 | -127,585 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,492,662 | 5,500,238 | 5,384,800 | 5,262,058 | 5,284,406 | 5,146,150 | 4,765,775 | 4,775,153 | 3,943,407 | 2,231,218 | 1,875,837 | 739,212 | 67,458 | 34,513 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 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 | 5,492,663 | 5,500,239 | 5,384,801 | 5,262,059 | 5,284,406 | 5,146,151 | 4,765,776 | 4,775,154 | 3,943,407 | 2,231,218 | 1,875,837 | 739,212 | 67,458 | 34,513 |
| Stock & work in progress | 79,170 | 69,845 | 69,845 | 69,845 | 69,845 | 75,848 | 94,535 | 71,769 | 6,655 | 7,915 | 7,145 | 5,640 | 21,570 | 12,813 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 3,752 | 2,261 | 0 | 0 | 56,420 | 33,500 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 131,499 | 85,878 | 58,576 | 33,615 | 0 | 175,336 | 99,653 | 206,317 | 97,100 | 22,197 | 7,753 | 167,924 | 36,960 | 14,337 |
| Cash | 275,640 | 421,838 | 448,861 | 131,942 | 602,675 | 239,605 | 545,106 | 74,131 | 405 | 89,044 | 448,766 | 55,259 | 65,368 | 24,365 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 486,309 | 577,561 | 577,282 | 235,402 | 772,380 | 490,789 | 739,295 | 352,217 | 107,912 | 121,417 | 463,664 | 228,823 | 180,318 | 85,015 |
| total assets | 5,978,972 | 6,077,800 | 5,962,083 | 5,497,461 | 6,056,786 | 5,636,940 | 5,505,071 | 5,127,371 | 4,051,319 | 2,352,635 | 2,339,501 | 968,035 | 247,776 | 119,528 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 288,614 | 93,635 | 188,307 | 126,558 | 0 | 50,016 | 48,269 | 110,853 | 83,116 | 33,515 | 32,461 | 107,302 | 11,356 | 4,400 |
| total current liabilities | 288,614 | 93,635 | 188,307 | 126,558 | 115,140 | 50,016 | 48,269 | 110,853 | 83,116 | 33,515 | 32,461 | 107,302 | 11,356 | 4,400 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,426,096 | 3,101,255 | 1,396,768 | 620,097 | 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 | 8,982,504 | 8,832,771 | 8,610,399 | 8,330,156 | 0 | 7,580,587 | 7,186,732 | 6,637,326 | 5,353,192 | 0 | 0 | 0 | 0 | 416,202 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,982,504 | 8,832,771 | 8,610,399 | 8,330,156 | 8,412,633 | 7,580,587 | 7,186,732 | 6,637,326 | 5,353,192 | 3,426,096 | 3,101,255 | 1,396,768 | 620,097 | 416,202 |
| total liabilities | 9,271,118 | 8,926,406 | 8,798,706 | 8,456,714 | 8,527,773 | 7,630,603 | 7,235,001 | 6,748,179 | 5,436,308 | 3,459,611 | 3,133,716 | 1,504,070 | 631,453 | 420,602 |
| net assets | -3,292,146 | -2,848,606 | -2,836,623 | -2,959,253 | -2,470,987 | -1,993,663 | -1,729,930 | -1,620,808 | -1,384,989 | -1,106,976 | -794,215 | -536,035 | -383,677 | -301,074 |
| total shareholders funds | -3,292,146 | -2,848,606 | -2,836,623 | -2,959,253 | -2,470,987 | -1,993,663 | -1,729,930 | -1,620,808 | -1,384,989 | -1,106,976 | -794,215 | -536,035 | -383,677 | -301,074 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -235,816 | -285,471 | -312,761 | -258,180 | -152,357 | |||||||||
| Depreciation | 151,622 | 158,143 | 164,524 | 161,005 | 165,787 | 150,478 | 135,687 | 155,114 | 120,179 | 79,278 | 55,227 | 24,772 | 11,827 | 9,665 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Stock | 9,325 | 0 | 0 | 0 | -6,003 | -18,687 | 22,766 | 65,114 | -1,260 | 770 | 1,505 | -15,930 | 8,757 | 12,813 |
| Debtors | 45,621 | 27,302 | 24,961 | 33,615 | -175,336 | 75,682 | -106,663 | 105,465 | 76,394 | 16,705 | -160,171 | 74,544 | 45,543 | 47,837 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 194,979 | -94,672 | 61,749 | 126,558 | -50,016 | 1,747 | -62,584 | 27,737 | 49,601 | 1,054 | -74,841 | 95,946 | 6,956 | 4,400 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -223,544 | -190,825 | -249,904 | -119,128 | -90,253 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 1 | -1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,426,096 | 324,841 | 1,704,487 | 776,671 | 620,097 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 149,733 | 222,372 | 280,243 | 8,330,156 | -7,580,587 | 393,855 | 549,406 | 1,284,134 | 5,353,192 | 0 | 0 | 0 | -416,202 | 416,202 |
| share issue | ||||||||||||||
| interest | 0 | 7,458 | 0 | 0 | 0 | 0 | 0 | |||||||
| cash flow from financing | 1,284,131 | 1,934,554 | 324,841 | 1,704,487 | 776,670 | 203,897 | 186,384 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -146,198 | -27,023 | 316,919 | -470,733 | 363,070 | -305,501 | 470,975 | 73,726 | -88,639 | -359,722 | 393,507 | -10,109 | 41,003 | 24,365 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -146,198 | -27,023 | 316,919 | -470,733 | 363,070 | -305,501 | 470,975 | 73,726 | -88,639 | -359,722 | 393,507 | -10,109 | 41,003 | 24,365 |
pitmain and glenbanchor limited Credit Report and Business Information
Pitmain And Glenbanchor Limited Competitor Analysis
Perform a competitor analysis for pitmain and glenbanchor limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EH3 area or any other competitors across 12 key performance metrics.
pitmain and glenbanchor limited Ownership
PITMAIN AND GLENBANCHOR LIMITED group structure
Pitmain And Glenbanchor Limited has 1 subsidiary company.
Ultimate parent company
RANITA MANAGEMENT SA
#0064822
1 parent
PITMAIN AND GLENBANCHOR LIMITED
SC319607
1 subsidiary
pitmain and glenbanchor limited directors
Pitmain And Glenbanchor Limited currently has 1 director, Mr Seshadri Srinivasan serving since Jun 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Seshadri Srinivasan | Scotland | 64 years | Jun 2015 | - | Director |
P&L
March 2023turnover
1.6m
+11%
operating profit
-458.4k
0%
gross margin
38.5%
+1.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-3.3m
+0.16%
total assets
6m
-0.02%
cash
275.6k
-0.35%
net assets
Total assets minus all liabilities
pitmain and glenbanchor limited company details
company number
SC319607
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
pitmain estate limited (May 2018)
andstrat (no. 256) limited (January 2008)
accountant
-
auditor
-
address
c/o anderson strathern llp, 58 morrison street, edinburgh, EH3 8BP
Bank
-
Legal Advisor
ANDERSON STRATHERN COMPANY SERVICES LIMITED
pitmain and glenbanchor 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 pitmain and glenbanchor limited.
pitmain and glenbanchor 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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pitmain and glenbanchor limited Companies House Filings - See Documents
| date | description | view/download |
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