Pinnacle International Freight Limited

Pinnacle International Freight Ltd, based in Leicester, UK, is a well-established freight forwarding company with a 52-year history. The company, which employs 63 people, holds £16,569,111 in assets and generates £22,584,595 in annual revenue. It's a large company, meeting two of three criteria: turnover exceeding £36 million, balance sheet total exceeding £18 million, and average number of employees over 250. The business has three directors, one owner, and operates an e-commerce site, boasting a perfect 5.0 Google rating from six reviews.

The company’s core business involves warehousing and storage for various transport activities, including air, water, and road freight. They also provide export packing, specialist freight solutions, and handle dangerous goods. Pinnacle has a transatlantic presence, with offices and facilities in the UK and the USA, facilitating shipping between the two regions. They offer a range of services, including air and sea freight, warehousing, and even retail display logistics.

Recent financial data reveals some interesting trends. Accrued liabilities decreased by 22%, while administrative expenses fell by 3.6%. However, cash bank on hand increased by 16%, suggesting improved liquidity. The company’s turnover decreased by 47%, and net assets fell by 11%, which could be due to increased investment or changing market conditions. The company’s bank borrowings decreased by 57%, and the company's director's loan accounts show a decrease in advances and an increase in repayments.

Despite these shifts, Pinnacle remains a significant player in the freight forwarding industry, leveraging its experience and global network to serve a diverse range of clients. The company's auditor is BK Plus Audit Limited. While the decrease in turnover is concerning, the increased cash reserves and reduced debt suggest the company is managing its finances effectively.

Registered in England/Wales under the registration number 01059368, with a registered address at LE9 6TU, Leicester, Unit 1 Swannington Road, Broughton Astley.

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