Pitt Events Ltd

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pitt events ltd Company Information

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Company Number

SC529961

Website

www.thepitt.co.uk

Registered Address

earlsburn cottage, earlsburn cottage, denny, stirlingshire, FK6 5JL

Industry

Other food service activities

Telephone

447534157477

Next Accounts Due

December 2024

Group Structure

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Directors

Harry Prescott8 Years

Shareholders

hal prescott 100%

pitt events ltd Estimated Valuation

£78.4k

Pomanda estimates the enterprise value of PITT EVENTS LTD at £78.4k based on a Turnover of £194.8k and 0.4x industry multiple (adjusted for size and gross margin).

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Pitt Events Ltd is a live company located in denny, FK6 5JL with a Companies House number of SC529961. It operates in the other food services sector, SIC Code 56290. Founded in March 2016, it's largest shareholder is hal prescott with a 100% stake. Pitt Events Ltd is a young, micro sized company, Pomanda has estimated its turnover at £194.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded Pitt Events Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £194.8k, make it smaller than the average company (£890.6k)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5.7%)

EXPORT

Pitt Events Ltd's latest turnover from March 2023 is estimated at £194.8 thousand and the company has net assets of -£51.9 thousand. According to their latest financial statements, Pitt Events Ltd has 8 employees and maintains cash reserves of 0 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
Turnover	194,773	290,503	117,153	139,823	90,469	31,095	8,226
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	164,433	255,772	106,604	119,537	77,967	26,443	6,937
Gross Profit	30,340	34,731	10,548	20,286	12,502	4,652	1,290
Admin Expenses	62,735	7,652	54,305	21,845	20,709	782	-9,944
Operating Profit	-32,395	27,079	-43,757	-1,559	-8,207	3,870	11,234
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	-32,395	27,079	-43,757	-1,559	-8,207	3,870	11,234
Tax	0	-5,145	0	0	0	-735	-2,247
Profit After Tax	-32,395	21,934	-43,757	-1,559	-8,207	3,135	8,987
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	-32,395	21,934	-43,757	-1,559	-8,207	3,135	8,987
Employee Costs	176,581	430,954	57,713	79,910	78,725	20,328	20,349
Number Of Employees	8	21	3	4	4	1	1
EBITDA*	-32,395	27,079	-43,757	-1,559	-8,207	3,870	11,234

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Tangible Assets	7,017	7,339	9,367	16,480	24,720	24,720	19,852
Intangible Assets	0	0	0	0	0	0	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	7,017	7,339	9,367	16,480	24,720	24,720	19,852
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	9,912	29,931	7,588	14,503	13,748	6,645	1,857
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	14,110	0	0	0
Cash	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0
total current assets	9,912	29,931	7,588	28,613	13,748	6,645	1,857
total assets	16,929	37,270	16,955	45,093	38,468	31,365	21,709
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	57,235	45,837	47,456	42,737	14,217	2,483	362
Group/Directors Accounts	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0
total current liabilities	57,235	45,837	47,456	42,737	14,217	2,483	362
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	900	900	900	0	0	0	0
other liabilities	10,656	10,000	10,000	0	20,336	16,760	12,260
provisions	0	0	0	0	0	0	0
total long term liabilities	11,556	10,900	10,900	0	20,336	16,760	12,260
total liabilities	68,791	56,737	58,356	42,737	34,553	19,243	12,622
net assets	-51,862	-19,467	-41,401	2,356	3,915	12,122	9,087
total shareholders funds	-51,862	-19,467	-41,401	2,356	3,915	12,122	9,087

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Operating Profit	-32,395	27,079	-43,757	-1,559	-8,207	3,870	11,234
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	0	-5,145	0	0	0	-735	-2,247
Stock	0	0	0	0	0	0	0
Debtors	-20,019	22,343	-21,025	14,865	7,103	4,788	1,857
Creditors	11,398	-1,619	4,719	28,520	11,734	2,121	362
Accruals and Deferred Income	0	0	900	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0
Cash flow from operations	-978	-2,028	-17,113	12,096	-3,576	468	7,492
Investing Activities
capital expenditure	322	2,028	7,113	8,240	0	-4,868	-19,852
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	322	2,028	7,113	8,240	0	-4,868	-19,852
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	656	0	10,000	-20,336	3,576	4,500	12,260
share issue	0	0	0	0	0	-100	100
interest	0	0	0	0	0	0	0
cash flow from financing	656	0	10,000	-20,336	3,576	4,400	12,360
cash and cash equivalents
cash	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for pitt events ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in FK6 area or any other competitors across 12 key performance metrics.

PITT EVENTS LTD group structure

Pitt Events Ltd has no subsidiary companies.

Ultimate parent company

PITT EVENTS LTD

SC529961

PITT EVENTS LTD Shareholders

hal prescott

100%

Pitt Events Ltd currently has 1 director, Mr Harry Prescott serving since Mar 2016.

officer	country	age	start	end	role
Mr Harry Prescott	Scotland	37 years	Mar 2016	-	Director

P&L

March 2023

turnover

194.8k

-33%

operating profit

-32.4k

gross margin

15.6%

+30.29%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-51.9k

+1.66%

total assets

16.9k

-0.55%

cash

net assets

Total assets minus all liabilities

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company number

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Type

Private limited with Share Capital

industry

56290 - Other food service activities

incorporation date

March 2016

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

earlsburn cottage, earlsburn cottage, denny, stirlingshire, FK6 5JL

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 pitt events ltd.

pitt events ltd Company Information

pitt events ltd Estimated Valuation

pitt events ltd Estimated Valuation

pitt events ltd Estimated Valuation

Pitt Events Ltd Overview

Pitt Events Ltd Health Check

PITT EVENTS LTD financials

pitt events ltd Credit Report and Business Information

Pitt Events Ltd Competitor Analysis

pitt events ltd Ownership

pitt events ltd directors

pitt events ltd company details

pitt events ltd Charges & Mortgages

pitt events ltd Companies House Filings - See Documents