Streat Drycom Ltd

Streat Drycom Ltd is a small, holding company registered in Hawick, UK, with an active status. Founded four years ago in August 2020, the company employs just two people and holds £85,338 in assets. It has a real registered address and is overseen by two directors and one owner. The company operates in the manufacture of electronic industrial process control equipment. It’s an irregular importer and exporter, dealing primarily in optical and medical tools and devices, with import activity spanning one month and export activity spanning two months.

The company's website highlights its core business: the Drycom Moisture Measurement and Control System, a popular and proven solution for industrial applications. It’s been installed in factories across more than 50 countries, applied to processes like breakfast cereal production, textile manufacturing, and nonwoven production. The website also mentions a division, 1066 Pianos, which is a high-end piano restoration business, operating from Cambridge with a showroom in Harrods. This suggests a diversification of business interests beyond the core moisture measurement technology.

Financially, Streat Drycom Ltd presents a mixed picture. While current assets increased slightly to £85,000, net assets grew by a substantial 47% to £95,000. However, cash bank on hand decreased by 19% to £49,000. Trade debtors have increased significantly, by 420%, suggesting a reliance on customer payments. Debtors have increased significantly, by 420%, suggesting a reliance on customer payments. Creditors have decreased by 44%, indicating improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

Overall, Streat Drycom Ltd appears to be financially stable, with growing net assets and improved debt management. However, the decrease in cash reserves and reliance on trade debtors warrant monitoring. The dual focus on moisture measurement technology and piano restoration presents both opportunities and challenges, and its success will likely depend on effectively managing both business arms.

Registered in Scotland under the registration number SC669817, with a registered address at TD9 8RT, Scotland, Hawick, Roxburghshire, Dovestane, Midshiels.

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