HARVEC LIMITED

Executive Summary

HARVEC LIMITED presents a generally sound financial position with improving liquidity and no compliance issues. However, the company's low share capital and significant fluctuations in asset levels, alongside recent changes in key personnel, suggest areas that require further investigation to fully assess operational stability and governance. Overall, the risk profile is assessed as low to medium based on available micro-entity data.

HARVEC LIMITED - Analysis Report

Company Number: 12759211

Analysis Date: 2025-07-29 16:56 UTC

1. Risk Rating: LOW to MEDIUM
   HARVEC LIMITED shows a positive net asset position with improving working capital in the latest financial year. There is no indication of overdue filings, liquidation, or administration. However, the company is classified as a micro-entity with limited financial disclosure and a small share capital, which suggests a modest scale of operations and potential sensitivity to cash flow fluctuations.

2. Key Concerns:

• Low Share Capital: Share capital is only £1.00, indicating minimal equity buffer, which may limit financial flexibility.
• Fluctuating Asset Base: The fixed assets and total net assets have significantly decreased compared to earlier years (notably 2020 and 2021), suggesting possible asset disposals or write-downs that require explanation.
• Director and PSC Changes: Recent changes in directors and persons with significant control, including a new director appointed after the latest accounts date, could indicate potential governance shifts or restructuring that warrants closer review.

3. Positive Indicators:

• Improved Liquidity: Net current assets increased substantially in the latest year (£20,646) compared to previous years, reflecting better short-term financial health and ability to meet liabilities.
• Compliance and Filing: No overdue accounts or confirmation statements, demonstrating regulatory compliance and good corporate governance practices.
• Stable Operating Presence: Active status since incorporation in 2020 with evidence of growing employee numbers (from 0 to 2) indicates operational activity and potential business development.

4. Due Diligence Notes:

• Investigate the cause for the significant reduction in fixed assets and net assets from 2020/21 levels to the latest years, including any asset disposals or impairments.
• Review the impact of director and PSC changes on company strategy and control, particularly the recent appointments and resignations.
• Obtain detailed cash flow statements and profit & loss data, if available, to assess operational profitability and liquidity beyond balance sheet snapshots.
• Confirm the nature of the wholesale trade activity and customer base to evaluate business sustainability and industry risk exposure.