Pinnacle Harnesses Ltd

Pinnacle Harnesses Ltd, based in Wrexham, UK, is a small, active company founded six years ago in 2019. Employing ten people and holding assets of £429,743, it operates from a virtual address – sixteen companies registered there, which is a bit unusual. The business is led by one director and owner, Harry Phillip Stanley. Pinnacle Harnesses is a regular importer of electrical machinery and equipment, bringing in goods for 25 months, with the most recent import occurring in October 2024. It exports electrical machinery and equipment irregularly, with just one month of export activity recorded in June 2023.

The company's website, currently displaying a "Coming Soon" message, suggests a planned online presence. Drop us an email pharrypinnacleharnesses.co.uk. It's a simple page, but indicates an ambition to grow its reach. The business operates in the manufacture of other electronic and electric wires and cables, the wholesale of electronic and telecommunications equipment and parts, and the wholesale of other intermediate products industries.

Financially, Pinnacle Harnesses Ltd shows some interesting trends. Current assets have decreased by a significant 29%, dropping to £430,000, while net assets have increased by a substantial 89%, reaching £530,000. Bank borrowings have decreased by 34%, falling to £19,000, and cash reserves have also decreased by 18%, now at £180,000. Trade debtors have fallen by a large 63%, suggesting better collection of payments. Creditors have decreased by 34%, indicating improved debt management. The company meets the criteria to be classified as small, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a company of this size.

Overall, Pinnacle Harnesses Ltd appears to be financially stable, with a growing equity base, despite some declines in cash reserves. The decrease in debtors and creditors suggests effective financial management, but the virtual address raises a slight question mark.

Registered in Wales under the registration number 11844903, with a registered address at LL13 7YT, Wales, Wrexham, First Floor, Pembroke House Ellice Way, Wrexham Technology Park.

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