Pinnacle Race Gear Ltd

Pinnacle Race Gear Ltd is a small, family-run company based in Banchory, UK, with an active trading status. Founded sixteen years ago in January 2009, it employs just two people and holds £2,574 in assets. The company operates from a real address and is led by two directors and owners, Blades Sri Hartini and Blades Christopher John. It’s a tight-knit operation, with both individuals serving as directors.

The company’s website showcases a focus on high-performance footwear and apparel for motorsports. It features a range of boots, cycling shoes, and accessories, with a strong emphasis on custom designs and colors. The site highlights "footwear made by athletes, for athletes," and includes a gallery showcasing various designs. It also appears to be involved in the extraction of crude petroleum and retail sales via mail order and internet industries.

Financially, Pinnacle Race Gear Ltd presents a mixed picture. While the company is small (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets have significantly declined by 120% to -£84,000. Cash reserves have plummeted by 97% to a mere £2, leaving the company with little liquidity. Bank borrowings remain steady, but trade creditors have risen sharply by 710%, suggesting potential challenges in managing short-term obligations. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Overall, Pinnacle Race Gear Ltd seems to be navigating a difficult financial period. The company's small size and family ownership provide agility, but the declining equity and low cash reserves raise concerns about its long-term sustainability. It’s a small company, but the numbers suggest it’s burning through money.

Registered in Scotland under the registration number SC354290, with a registered address at AB31 5RS, Banchory, Aberdeenshire, Balnacraig Cottage, Corsee Road.

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