N B Pitts Limited

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n b pitts limited Company Information

Live

MatureMidHealthy

Company Number

04693437

Website

www.pittslaw.com

Registered Address

3 atlas house, west devon business park, tavistock, devon, PL19 9DP

Industry

Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

Telephone

Next Accounts Due

February 2025

Group Structure

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Directors

William Pitts21 Years

Angela Pitts4 Years

Shareholders

william mark pitts & angela mary pitts 50%

angela mary pitts 50%

n b pitts limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of N B PITTS LIMITED at £2.1m based on a Turnover of £7m and 0.3x industry multiple (adjusted for size and gross margin).

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N B Pitts Limited AI Business Plan

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N B Pitts Limited is a live company located in tavistock, PL19 9DP with a Companies House number of 04693437. It operates in the wholesale of grain, unmanufactured tobacco, seeds and animal feeds sector, SIC Code 46210. Founded in March 2003, it's largest shareholder is william mark pitts & angela mary pitts with a 50% stake. N B Pitts Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7m with healthy growth in recent years.

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Pomanda's financial health check has awarded N B Pitts Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £7m, make it smaller than the average company (£32.6m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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N B PITTS LIMITED group structure

N B Pitts Limited has no subsidiary companies.

Ultimate parent company

N B PITTS LIMITED

04693437

N B PITTS LIMITED Shareholders

william mark pitts & angela mary pitts	50%
angela mary pitts	50%

N B Pitts Limited currently has 2 directors. The longest serving directors include Mr William Pitts (Mar 2003) and Mrs Angela Pitts (Mar 2020).

officer	country	age	start	end	role
Mr William Pitts		57 years	Mar 2003	-	Director
Mrs Angela Pitts	England	59 years	Mar 2020	-	Director

EXPORT

N B Pitts Limited's latest turnover from May 2023 is estimated at £7 million and the company has net assets of £347.4 thousand. According to their latest financial statements, N B Pitts Limited has 4 employees and maintains cash reserves of £274.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	7,037,400	6,582,227	5,927,697	5,682,041	4,904,780	5,497,996	6,187,063	5,570,225	6,795,128	8,699,563	232,763	535,104	550,196	492,007
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,407,614	5,962,994	5,287,657	5,104,363	4,487,520	4,981,028	5,611,207	5,078,678	6,232,006	8,012,680	215,974	496,477	485,215	449,412
Gross Profit	629,785	619,233	640,041	577,677	417,260	516,969	575,856	491,547	563,122	686,883	16,789	38,626	64,981	42,595
Admin Expenses	630,045	595,743	663,238	581,093	400,422	530,974	602,349	487,429	549,748	692,075	-68,869	-18,798	-15,051	-221,358
Operating Profit	-260	23,490	-23,197	-3,416	16,838	-14,005	-26,493	4,118	13,374	-5,192	85,658	57,424	80,032	263,953
Interest Payable	0	0	0	636	704	0	0	0	0	0	0	0	0	0
Interest Receivable	14,365	3,804	309	111	109	209	211	403	216	100	0	0	0	0
Pre-Tax Profit	14,105	27,294	-22,888	-3,942	16,243	-13,796	-26,282	4,521	13,590	-5,092	85,658	57,424	80,032	263,953
Tax	-3,526	-5,186	0	0	-3,086	0	0	-904	-2,718	0	-19,701	-13,782	-20,808	-73,907
Profit After Tax	10,579	22,108	-22,888	-3,942	13,157	-13,796	-26,282	3,617	10,872	-5,092	65,957	43,642	59,224	190,046
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,579	22,108	-22,888	-3,942	13,157	-13,796	-26,282	3,617	10,872	-5,092	65,957	43,642	59,224	190,046
Employee Costs	185,398	180,208	175,297	183,131	181,853	171,721	170,081	161,196	184,190	177,976	38,733	37,413	37,948	44,492
Number Of Employees	4	4	4	4	4	4	4	4	5	5	1	1	1	1
EBITDA*	65,560	79,284	34,646	53,808	75,035	45,136	34,470	60,487	68,307	50,358	85,658	57,424	80,032	263,953

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	87,620	35,310	32,933	39,172	43,777	48,309	55,467	14,607	9,857	14,150	0	0	0	0
Intangible Assets	0	51,500	103,000	154,500	206,000	257,500	309,000	360,500	412,000	463,500	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	295,538	230,020
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	87,620	86,810	135,933	193,672	249,777	305,809	364,467	375,107	421,857	477,650	0	0	295,538	230,020
Stock & work in progress	28,559	1,507	606	1,294	3,274	1,198	2,677	118	2,066	9,223	0	0	0	0
Trade Debtors	820,634	909,217	660,760	761,575	800,978	818,202	719,968	644,730	668,510	740,148	492	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,026	5,664	7,322	5,100	4,287	5,272	33,093	2,885	0	0	0	0	0	0
Cash	274,413	364,027	396,796	221,012	0	29,095	54,410	114,718	46,500	40,089	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	391,197	334,831	0	0
total current assets	1,132,632	1,280,415	1,065,484	988,981	808,539	853,767	810,148	762,451	717,076	789,460	391,689	334,831	0	0
total assets	1,220,252	1,367,225	1,201,417	1,182,653	1,058,316	1,159,576	1,174,615	1,137,558	1,138,933	1,267,110	391,689	334,831	295,538	230,020
Bank overdraft	0	0	0	0	20,865	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	818,443	845,317	738,094	652,847	506,718	659,829	656,110	557,627	774,084	913,133	32,620	41,719	46,068	39,774
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	39,539	183,724	147,175	190,063	186,809	168,535	172,421	209,142	0	0	0	0	0	0
total current liabilities	857,982	1,029,041	885,269	842,910	714,392	828,364	828,531	766,769	774,084	913,133	32,620	41,719	46,068	39,774
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	14,868	1,361	1,433	2,140	2,379	2,824	3,900	2,323	0	0	0	0	0	0
total long term liabilities	14,868	1,361	1,433	2,140	2,379	2,824	3,900	2,323	0	0	0	0	0	0
total liabilities	872,850	1,030,402	886,702	845,050	716,771	831,188	832,431	769,092	774,084	913,133	32,620	41,719	46,068	39,774
net assets	347,402	336,823	314,715	337,603	341,545	328,388	342,184	368,466	364,849	353,977	359,069	293,112	249,470	190,246
total shareholders funds	347,402	336,823	314,715	337,603	341,545	328,388	342,184	368,466	364,849	353,977	359,069	293,112	249,470	190,246

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-260	23,490	-23,197	-3,416	16,838	-14,005	-26,493	4,118	13,374	-5,192	85,658	57,424	80,032	263,953
Depreciation	14,320	4,294	6,343	5,724	6,697	7,641	9,463	4,869	3,433	4,050	0	0	0	0
Amortisation	51,500	51,500	51,500	51,500	51,500	51,500	51,500	51,500	51,500	51,500	0	0	0	0
Tax	-3,526	-5,186	0	0	-3,086	0	0	-904	-2,718	0	-19,701	-13,782	-20,808	-73,907
Stock	27,052	901	-688	-1,980	2,076	-1,479	2,559	-1,948	-7,157	9,223	0	0	0	0
Debtors	-85,221	246,799	-98,593	-38,590	-18,209	70,413	105,446	-20,895	-71,638	739,656	492	0	0	0
Creditors	-26,874	107,223	85,247	146,129	-153,111	3,719	98,483	-216,457	-139,049	880,513	-9,099	-4,349	6,294	39,774
Accruals and Deferred Income	-144,185	36,549	-42,888	3,254	18,274	-3,886	-36,721	209,142	0	0	0	0	0	0
Deferred Taxes & Provisions	13,507	-72	-707	-239	-445	-1,076	1,577	2,323	0	0	0	0	0	0
Cash flow from operations	-37,349	-29,902	175,579	243,522	-47,200	-25,041	-10,196	77,434	5,335	181,992	56,366	39,293	65,518	229,820
Investing Activities
capital expenditure	-66,630	-6,671	-104	-1,119	-2,165	-483	-50,323	-9,619	860	-533,200	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-295,538	65,518	230,020
cash flow from investments	-66,630	-6,671	-104	-1,119	-2,165	-483	-50,323	-9,619	860	-533,200	0	295,538	-65,518	-230,020
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	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	200
interest	14,365	3,804	309	-525	-595	209	211	403	216	100	0	0	0	0
cash flow from financing	14,365	3,804	309	-525	-595	209	211	403	216	100	0	0	0	200
cash and cash equivalents
cash	-89,614	-32,769	175,784	221,012	-29,095	-25,315	-60,308	68,218	6,411	40,089	0	0	0	0
overdraft	0	0	0	-20,865	20,865	0	0	0	0	0	0	0	0	0
change in cash	-89,614	-32,769	175,784	241,877	-49,960	-25,315	-60,308	68,218	6,411	40,089	0	0	0	0

P&L

May 2023

turnover

+7%

operating profit

-259.6

gross margin

-4.87%

turnover

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

Balance Sheet

May 2023

net assets

347.4k

+0.03%

total assets

1.2m

-0.11%

cash

274.4k

-0.25%

net assets

Total assets minus all liabilities

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company number

04693437

Type

Private limited with Share Capital

industry

46210 - Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

incorporation date

March 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

willacott limited (March 2014)

incorporated

address

3 atlas house, west devon business park, tavistock, devon, PL19 9DP

last accounts submitted

May 2023

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.

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n b pitts limited Company Information

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n b pitts limited Estimated Valuation

n b pitts limited Estimated Valuation

N B Pitts Limited AI Business Plan

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