UK 12:00 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In the first piece of this two-parter (HERE) we looked at anomalies in the accounts and Companies House filings of Daniel Stewart Securities plc (DAN) and its main subsidiary, Daniel Stewart and Company plc between the accounting year ends as at Mar 2011 and 2012. Those questions added up to over £120million – rather a large number, given that the market cap of the parent currently sits at just £19million, according to ADVFN (last seen). What do we find in the period from Mar 2012 up to the present?
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Comments
Keith
They have offset the £1m share investment against the £824,736 increase in loans from group companies to give a net £175,264 described as loans from goup companies repaid on the Company Statement of cash flows.
In the 2014 a/cs, note 18 Trade and other payables, has Amounts owed to group companies of £1,014,069 (2014) and £189,333 (2013) an increase of £824,736.