Streamline Distribution Ltd

Streamline Distribution Ltd, based in Glasgow, UK, is a small, active company founded four years ago. With four employees and £898,465 in assets, it’s a lean operation led by a solo founder and two directors. The company is a regular importer of electrical machinery and equipment, with 10 months of import activity recorded, and has occasionally exported similar goods, with one month of export activity as of September 2023.

The company operates in the wholesale of hardware, plumbing and heating equipment and supplies industries. Its website is currently unavailable, making it difficult to assess its online presence and sales channels.

Financially, Streamline Distribution Ltd shows a mixed picture. Current assets have increased by a significant 68%, reaching £900,000, while cash bank on hand has fallen by 41%, down to £140,000. Creditors have risen substantially by 59%, reaching £320,000, and trade debtors have decreased by 28%, suggesting improved collection efforts. Equity has seen a healthy increase of 72%, reaching £590,000, likely reflecting retained earnings. 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 flexibility, but the increase in creditors should be monitored. No auditor is mentioned, which is common for small companies.

The substantial increase in total inventories, up 270% to £680,000, is a notable trend. This could indicate increased purchasing activity, potential supply chain issues, or a strategy to build up stock levels. It's possible the company is anticipating future demand or securing better pricing through bulk purchases. The decrease in other debtors by 98%, down to just £360, is also a point to consider, though the increase in trade debtors by 66% may offset this.

Registered in Scotland under the registration number SC659900, with a registered address at G41 3SB, Scotland, Glasgow, Lanarkshire, 1350 Pollokshaws Road.

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