Pineapple Technology Ltd

Pineapple Technology Ltd is a small, active company based in London, UK. Founded four years ago in December 2020, it employs 22 people and holds £18,636,011 in assets. The company, with five directors and no reported owners, operates from a real address shared by just two other businesses. It’s an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with its last import activity recorded two months ago in December 2023. Pineapple Technology Ltd is involved in the business and domestic software development industries.

The company’s website is minimal, offering little insight into its operations beyond its core business. It appears to be primarily focused on software development, with no obvious e-commerce presence. It's a lean operation, meeting the criteria for a small company with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Pineapple Technology Ltd presents a mixed picture. Cash bank on hand has fallen by a significant 37% to £16,000,000, while creditors have increased dramatically by 330% to £3,600,000. Deferred income has also surged by 410% to £2,800,000. On a positive note, net assets have increased by 210% to £930,000. The average number of employees has increased by a striking 91% to 42, which may indicate growth or a temporary staffing surge. Trade debtors have also grown by 63% to £2,400,000. The company’s bank borrowings have decreased by 61% to £310,000.

The increase in creditors and deferred income, coupled with the decrease in cash reserves, suggests the company may be facing some short-term financial pressures, possibly due to increased investment or delayed payments. However, the growth in net assets and trade debtors indicates potential for future revenue generation. The lack of an auditor mentioned likely means the accounts are unaudited, and the figures rely on director-reported data. Overall, Pineapple Technology Ltd appears to be navigating a period of change and growth, but needs to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 13093357, with a registered address at EC1Y 2AL, England, London, 66 City Road.

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