Scotland business

New heights for Pinnacle Telecom

Crowd at T in the Park
Image caption Pinnacle said it had delivered telecom services for high profile events last year like T in the Park

Paisley-based telecoms company Pinnacle has doubled its turnover after winning contracts at some of the country's biggest events.

The group's 2010 turnover rose to £6.6m and its pre-tax loss was cut to £268,000.

Pinnacle provided services at events such as T in the Park, the Pope's visit and the Chelsea Flower Show.

The company was formed in 2002 to provide IT and telecoms services mainly for small and medium-sized businesses.

Alan Bonner, Pinnacle's chief executive, said: "We have made excellent progress this year, diligently managing our cash resources, strengthening our balance sheet and remaining free of bank debt."

He added: "The consolidation within our market is moving at a rapid pace and we aim to search out earning-enhancing bolt-on acquisitions."

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