N & J Pitt (taximeter Services) Limited

N & J Pitt Taximeter Services Ltd, based in Nottingham, UK, is a small, active company established 37 years ago. With two employees and £29,028 in assets, it’s a solo-founded operation run by a single director and owner. The business boasts a perfect 5.0 Google rating from 61 reviews, indicating strong customer satisfaction. The company operates in the other retail sale not in stores, stalls or markets industries and is an irregular importer, with its top import category being optical and medical tools and devices, totaling 2 months of imports, the last in November 2024.

The company’s website details a long history in the taximeter trade, initially representing mechanical meters before transitioning to electronic systems. It highlights its role in introducing successful meter brands and even played a major role in establishing companies. Today, N & J Pitt Taximeter Services Ltd is the sole importer and distributor of Tetas Taximeters in the UK, offering a wide range of taximeters, car stickers, and ancillary equipment. The site also features a section on taxi supplies, catering to both new and established firms.

Financially, N & J Pitt Taximeter Services Ltd shows some concerning trends. Net assets decreased by 1.7% to £220,000, while current assets dropped 20% to £29,000. Cash bank on hand plummeted 43% to £18,000. However, trade debtors increased by 75% to £2,900, suggesting potentially improved cash flow. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in cash reserves is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, N & J Pitt Taximeter Services Ltd appears to be a well-regarded, long-standing business facing the challenges of a changing market. The company’s strong reputation and focus on specialized products should help it navigate these pressures, but a closer look at its cash flow is warranted.

Registered in England/Wales under the registration number 02238175, with a registered address at NG6 0GA, England, Nottingham, 9 Church Street, Old Basford.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.