Pinnula Limited

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pinnula limited Company Information

Company Number

06909925

Next Accounts

Mar 2025

Directors

Steven Kay

Dennis Farr

Shareholders

steven kay

mark chambers

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Group Structure

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Industry

Business and domestic software development

Registered Address

no.1 the point, bradmarsh way, rotherham, south yorkshire, S60 1BP

Website

www.pinnula.co.uk

pinnula limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of PINNULA LIMITED at £3.6m based on Net Assets of £1.6m and 2.31x industry multiple (adjusted for liquidity).

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Pinnula Limited is a live company located in rotherham, S60 1BP with a Companies House number of 06909925. It operates in the business and domestic software development sector, SIC Code 62012. Founded in May 2009, it's largest shareholder is steven kay with a 29.7% stake. Pinnula Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Pinnula Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

2 Regular

6 Weak

Size

annual sales of £2m, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.4%)

EXPORT

Pinnula Limited's latest turnover from June 2023 is estimated at £2 million and the company has net assets of £1.6 million. According to their latest financial statements, Pinnula Limited has 11 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,034,930	2,740,356	1,941,846	1,783,342	1,877,499	1,850,172	1,773,313	1,790,771	2,393,632	1,496,388	1,787,392	1,563,384	1,343,314	1,340,013
Other Income Or Grants
Cost Of Sales	787,038	1,020,979	732,124	655,656	688,425	664,776	650,012	642,989	869,349	550,918	633,709	553,741	461,000	463,818
Gross Profit	1,247,892	1,719,377	1,209,722	1,127,687	1,189,074	1,185,396	1,123,301	1,147,782	1,524,284	945,471	1,153,682	1,009,643	882,315	876,194
Admin Expenses	1,370,422	1,338,567	985,223	954,551	1,015,703	1,067,017	890,735	970,267	1,388,265	858,704	1,123,886	944,890	733,846	773,717
Operating Profit	-122,530	380,810	224,499	173,136	173,371	118,379	232,566	177,515	136,019	86,767	29,796	64,753	148,469	102,477
Interest Payable	1,559	1,343	1,825	2,870	4,284	5,118	5,852	4,822	3,594	4,366	2,311
Interest Receivable	70,460	15,717	1,084	936	5,814	3,113	1,271	1,811	1,336	1,186	1,183	1,347	756	101
Pre-Tax Profit	-53,629	395,184	223,758	171,202	174,901	116,374	227,985	174,504	133,761	83,587	28,668	66,100	149,224	102,578
Tax		-75,085	-42,514	-32,528	-33,231	-22,111	-43,317	-34,901	-26,752	-17,553	-6,594	-15,864	-38,798	-28,722
Profit After Tax	-53,629	320,099	181,244	138,674	141,670	94,263	184,668	139,603	107,009	66,034	22,074	50,236	110,426	73,856
Dividends Paid
Retained Profit	-53,629	320,099	181,244	138,674	141,670	94,263	184,668	139,603	107,009	66,034	22,074	50,236	110,426	73,856
Employee Costs	756,727	776,371	736,268	694,540	843,835	701,267	675,518	807,809	1,024,348	642,641	764,957	670,026	595,039	585,522
Number Of Employees	11	12	12	12	14	12	12	15	19	12	15	13	12	12
EBITDA*	-114,660	390,183	231,843	181,014	181,906	127,727	240,395	185,955	145,207	140,221	87,484	118,040	201,844	163,657

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	207,967	215,837	216,212	223,556	231,434	239,969	246,272	247,053	255,493	264,681	274,785	27,049	31,788	32,750
Intangible Assets											43,350	90,639	137,928	185,217
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	207,967	215,837	216,212	223,556	231,434	239,969	246,272	247,053	255,493	264,681	318,135	117,688	169,716	217,967
Stock & work in progress
Trade Debtors	430,047	655,641	412,234	377,517	384,741	409,756	386,216	324,080	423,683	252,596	290,508	245,899	212,661	209,720
Group Debtors
Misc Debtors	21,060	19,487	19,285	18,941	20,700	22,017	21,202	18,736			1,299	2,899	9,140	14,008
Cash	1,453,803	1,364,589	1,150,087	1,018,175	853,943	696,454	548,607	468,433	255,913	278,515	196,012	277,030	261,936	40,270
misc current assets
total current assets	1,904,910	2,039,717	1,581,606	1,414,633	1,259,384	1,128,227	956,025	811,249	679,596	531,111	487,819	525,828	483,737	263,998
total assets	2,112,877	2,255,554	1,797,818	1,638,189	1,490,818	1,368,196	1,202,297	1,058,302	935,089	795,792	805,954	643,516	653,453	481,965
Bank overdraft	2,750	2,400	16,809			15,110	14,696	13,991
Bank loan				17,426	15,425
Trade Creditors	19,149	17,215	18,106	20,652	13,244	15,413	20,528	24,146	399,320	352,265	414,549	403,004	462,060	399,996
Group/Directors Accounts														914
other short term finances
hp & lease commitments
other current liabilities	500,640	589,837	445,464	447,284	428,123	428,932	336,854	359,898
total current liabilities	522,539	609,452	480,379	485,362	456,792	459,455	372,078	398,035	399,320	352,265	414,549	403,004	462,060	400,910
loans	10,069	13,126	4,711	20,902	40,330	56,069	71,593	86,995	47,374	63,217	71,119
hp & lease commitments
Accruals and Deferred Income
other liabilities									54,083	52,224	57,279
provisions	3,042	2,120	1,971	2,412	2,857	3,503	3,720	3,034	3,677	4,460	5,415	4,994	6,111	6,199
total long term liabilities	13,111	15,246	6,682	23,314	43,187	59,572	75,313	90,029	105,134	119,901	133,813	4,994	6,111	6,199
total liabilities	535,650	624,698	487,061	508,676	499,979	519,027	447,391	488,064	504,454	472,166	548,362	407,998	468,171	407,109
net assets	1,577,227	1,630,856	1,310,757	1,129,513	990,839	849,169	754,906	570,238	430,635	323,626	257,592	235,518	185,282	74,856
total shareholders funds	1,577,227	1,630,856	1,310,757	1,129,513	990,839	849,169	754,906	570,238	430,635	323,626	257,592	235,518	185,282	74,856

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-122,530	380,810	224,499	173,136	173,371	118,379	232,566	177,515	136,019	86,767	29,796	64,753	148,469	102,477
Depreciation	7,870	9,373	7,344	7,878	8,535	9,348	7,829	8,440	9,188	10,104	10,399	5,998	6,086	9,950
Amortisation										43,350	47,289	47,289	47,289	51,230
Tax		-75,085	-42,514	-32,528	-33,231	-22,111	-43,317	-34,901	-26,752	-17,553	-6,594	-15,864	-38,798	-28,722
Stock
Debtors	-224,021	243,609	35,061	-8,983	-26,332	24,355	64,602	-80,867	171,087	-39,211	43,009	26,997	-1,927	223,728
Creditors	1,934	-891	-2,546	7,408	-2,169	-5,115	-3,618	-375,174	47,055	-62,284	11,545	-59,056	62,064	399,996
Accruals and Deferred Income	-89,197	144,373	-1,820	19,161	-809	92,078	-23,044	359,898
Deferred Taxes & Provisions	922	149	-441	-445	-646	-217	686	-643	-783	-955	421	-1,117	-88	6,199
Cash flow from operations	23,020	215,120	149,461	183,593	171,383	168,007	106,500	216,002	-6,360	98,640	49,847	15,006	226,949	317,402
Investing Activities
capital expenditure		-8,998				-3,045	-7,048				-258,135	-1,259	-5,124	-279,147
Change in Investments
cash flow from investments		-8,998				-3,045	-7,048				-258,135	-1,259	-5,124	-279,147
Financing Activities
Bank loans			-17,426	2,001	15,425
Group/Directors Accounts													-914	914
Other Short Term Loans
Long term loans	-3,057	8,415	-16,191	-19,428	-15,739	-15,524	-15,402	39,621	-15,843	-7,902	71,119
Hire Purchase and Lease Commitments
other long term liabilities								-54,083	1,859	-5,055	57,279
share issue														1,000
interest	68,901	14,374	-741	-1,934	1,530	-2,005	-4,581	-3,011	-2,258	-3,180	-1,128	1,347	756	101
cash flow from financing	65,844	22,789	-34,358	-19,361	1,216	-17,529	-19,983	-17,473	-16,242	-16,137	127,270	1,347	-158	2,015
cash and cash equivalents
cash	89,214	214,502	131,912	164,232	157,489	147,847	80,174	212,520	-22,602	82,503	-81,018	15,094	221,666	40,270
overdraft	350	-14,409	16,809		-15,110	414	705	13,991
change in cash	88,864	228,911	115,103	164,232	172,599	147,433	79,469	198,529	-22,602	82,503	-81,018	15,094	221,666	40,270

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PINNULA LIMITED group structure

Pinnula Limited has no subsidiary companies.

Ultimate parent company

PINNULA LIMITED

06909925

PINNULA LIMITED Shareholders

steven kay	29.74%
mark chambers	25.59%
anthony richard mullarkey	23.37%
dennis farr	21.3%

Pinnula Limited currently has 2 directors. The longest serving directors include Mr Steven Kay (May 2009) and Mr Dennis Farr (May 2009).

officer	country	age	start	end	role
Mr Steven Kay	England	54 years	May 2009	-	Director
Mr Dennis Farr	England	66 years	May 2009	-	Director

P&L

June 2023

turnover

-26%

operating profit

-122.5k

gross margin

61.4%

-2.26%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

1.6m

-0.03%

total assets

2.1m

-0.06%

cash

1.5m

+0.07%

net assets

Total assets minus all liabilities

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company number

06909925

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

62090 - Other information technology and computer service activities

incorporation date

May 2009

ultimate parent company

None

previous names

g6 (ims) limited (June 2009)

address

no.1 the point, bradmarsh way, rotherham, south yorkshire, S60 1BP

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to pinnula limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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pinnula limited Company Information

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