Pin Iot Ltd

Pin Iot Ltd from Liverpool UK: a small, active company founded seven years ago, employs eighteen people, and holds £422,569 in assets. It has a real address, three directors, and three owners. The company is an irregular importer of electrical machinery and equipment, with just two months of import activity recorded.

Pin Iot Ltd operates in the wireless telecommunications activities industries and offers a digital tracking system for the waste and recycling sector. Its core product, the “PIN Digital Tracking System,” uses low-power tracking devices to monitor skips and vehicles, providing real-time oversight of operations. The system aims to improve efficiency, reduce costs, and increase sales for waste and recycling companies. The website highlights the problem of “missing skips” (around 30% of skips are unaccounted for), leading to lost revenue and inefficiencies. The system’s benefits include optimized operations, improved customer service, and better compliance.

Financially, Pin Iot Ltd shows a mixed picture. Current assets decreased by 4.1% to £410,000, while net assets increased by 4.8% to £2,500,000. Bank borrowings remained steady at £1,800, and cash reserves grew by 21% to £76,000. Trade debtors increased by 25%, suggesting a possible expansion of credit terms. However, other taxation and social security payable rose significantly by 150%, which could indicate increased operational costs. The company’s small size (meeting two of three conditions for a small company) means it’s likely exempt from an audit, and the unaudited financial statements rely on director-reported data.

The increase in trade debtors, coupled with the rise in other taxes, suggests that Pin Iot Ltd might be experiencing some cash flow pressures despite the overall positive net asset growth. It’s possible that the company is investing in growth, but it’s important to monitor these trends closely.

Registered in England/Wales under the registration number 11337289, with a registered address at L3 5LJ, Liverpool, Sensor City, 31 Russell Street.

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