Company Number: 13032759

Analysis Date: 2025-07-19 13:03 UTC

1. Risk Rating: MEDIUM
   Justification: Streamhall Limited shows a stable equity base and adequate cash holdings but exhibits persistent net current liabilities and a significant director’s loan account balance with no repayment terms, indicating moderate liquidity and governance concerns.

2. Key Concerns:

• Negative Net Current Assets: The company has maintained net current liabilities (circa £10,000) over the past four years, reflecting short-term liquidity pressure.
• Large Director’s Loan Account: Approximately £124k owed to a director with no interest or defined repayment schedule, which could impact cash flow and indicates reliance on director financing.
• Valuation Reliance and Governance: Investment property is valued by a company director rather than an independent third party, raising potential valuation and conflict of interest concerns.

3. Positive Indicators:

• Strong Share Capital and Equity: Shareholders’ funds remain steady at £245k, suggesting a solid capital base.
• Healthy Cash Position: Cash balances exceed £360k consistently, indicating available liquidity despite net current liabilities.
• No Overdue Filings: The company is current on statutory accounts and confirmation statements, demonstrating compliance discipline.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s loan account, including any informal arrangements or intentions for repayment.
• Confirm the basis and independence of the investment property valuation to assess asset reliability.
• Review cash flow statements and creditor aging to understand working capital dynamics and payment cycles.
• Assess any contingent liabilities or off-balance sheet commitments not disclosed in the accounts.
• Examine the company's revenue streams and operational sustainability given minimal employee numbers and limited debtor balances.