Streambid Limited

StreamBid Limited is a small, active company based in Edinburgh, UK, founded four years ago in 2020. With £401,012 in assets, eight employees, and a real address, it’s a relatively young enterprise with four directors and two owners. The company operates in the retail sale via mail order houses or via internet, the other retail sale not in stores, stalls or markets, the business and domestic software development, and web portals industries.

The company’s website, StreamBid, positions itself as a provider of online bidding software for auction houses. It offers a "beautiful virtual branded auction experience" with tools for auctioneers to bring their salerooms into the digital world. The platform caters to different needs, offering a bidding platform, a clerk console, and an admin dashboard. It emphasizes user-friendly design, innovative features like autobidding and live streaming video, and custom branding options. The website even mentions a gamification element inspired by the game business.

Financially, StreamBid Limited shows some interesting trends. Cash bank on hand increased significantly by 140%, reaching £390,000, a positive sign. However, creditors have risen dramatically, increasing by 850% to £120,000, which could indicate increased borrowing or delayed payments. Net assets decreased by 34%, settling at -£490,000, a concerning trend. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the declining equity warrants attention. Corporation tax payable has also increased substantially, reaching £92,000, while Corporation tax recoverable has fallen to zero. The company’s average number of employees has also decreased by 25% to six.

The lack of a named auditor suggests the company is exempt from an audit as a small business, relying on unaudited financial statements. Overall, StreamBid Limited appears to be a dynamic company with a growing revenue stream, but it’s managing its debts carefully.

Registered in Scotland under the registration number SC669503, with a registered address at EH13 0ET, Scotland, Edinburgh, 30 Bonaly Avenue.

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