Pitacs Limited

Pitacs Limited, based in Milton Keynes, UK, is a sizable company with a 34-year history, currently employing 94 people. The company boasts impressive assets of £30.7 million and a yearly revenue of £59.3 million. It’s an active business with a real address and overseen by three directors and two owners, enjoying a respectable 4.0-star rating on Google based on 58 reviews. Pitacs regularly imports electrical machinery and equipment—a consistent pattern over 332 months—and has occasionally exported iron or steel products, with one export operation recorded in August 2023.

The company’s website reveals a diverse range of heating and electrical products. Originally focused on steel panel radiators under the Ultraheat brand, Pitacs has expanded to include brands like AEON (sculptural radiators), Pitacs Cable, TIME Cables, and TIME LED lighting. AEON, in particular, specializes in luxury radiators and heated towel rails made from aluminium and stainless steel, while the TIME LED range offers a variety of indoor, outdoor, and commercial lighting solutions. The company’s website clearly shows a focus on high-quality materials, innovative design, and expert manufacturing.

Financially, Pitacs Limited’s report presents a mixed picture. While turnover remained steady at £59.3 million, net assets decreased by 13% to £8.9 million. Cash bank on hand also fell by 28% to £140,000. However, creditors increased by 54% to £7 million, suggesting a reliance on trade credit. The company’s size (meeting two of three criteria for a large company) allows it to operate on a significant scale, but the decrease in cash reserves warrants attention. Interest expense on bank loans surged by 39%, indicating increased borrowing costs. The company’s accounts were audited by NYO Ltd.

Overall, Pitacs Limited appears to be a well-established player in the heating and electrical product market, but the financial data suggests some challenges in maintaining profitability and cash flow. The company’s diverse product range and focus on quality may help it weather these pressures, but careful financial management will be crucial for its long-term success.

Registered in England/Wales under the registration number 02505544, with a registered address at MK7 8AT, Milton Keynes, Buckinghamshire, Bradbourne Point Bradbourne Drive, Tilbrook.

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