HARVEST VISION LIMITED
Company number 02286386 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Investment Risk Analysis: HARVEST VISION LIMITED
1. Risk Rating: MEDIUM
Justification: While the company is solvent with positive net assets and current filings, there are concerning trends in asset depletion, a significant gap in available financial data (2017-2021), zero employees, and minimal disclosure through micro-entity accounts. The company limited by guarantee structure with no share capital and a board composed largely of religious/ministry figures suggests this is likely a charitable or religious organization rather than a commercial enterprise, which alters the risk profile considerably.
2. Key Concerns
Concern 1: Long-term Decline in Net Assets
Net assets have deteriorated from £24,226 (2014) to £17,422 (2023) – a decline of approximately 28% over nine years. Cash reserves have fallen more dramatically, from £13,579 (2014) to unknown levels in 2023 (not disclosed in micro-entity accounts). This erosion raises questions about whether the organization can sustain itself indefinitely without additional funding or asset realisation.
Concern 2: Significant Financial Data Gap (2017-2021)
There is a six-year gap in available financial history between 2016 and 2022. This is a material concern as it is impossible to assess whether the decline was gradual or whether there were periods of acute distress, unusual transactions, or further deterioration during this period. The jump from £21,639 total assets (2016) to £13,449 (2022) suggests meaningful activity occurred during the gap years.
Concern 3: Operational Viability with Zero Employees
The company reports zero employees for both 2022 and 2023. With a board of 13 officers (12 directors and 1 secretary), the organization appears entirely volunteer-run. While this may be appropriate for a religious/charitable entity, it creates dependency on volunteer commitment and raises questions about continuity of operations, record-keeping quality, and capacity to manage obligations.
3. Positive Indicators
Positive 1: Solvent Balance Sheet
Net assets of £17,422 are positive, with current assets of £18,955 substantially exceeding current liabilities of £1,533. The current ratio of approximately 12.4:1 indicates the company can meet its near-term obligations comfortably.
Positive 2: Filing Compliance
Accounts are filed and up to date (last made up to 31 March 2025, next due 31 December 2026). The confirmation statement is also current. No overdue filings suggest the board is maintaining basic statutory obligations.
Positive 3: Longevity and Stability
Incorporated in 1988, the company has operated for 36 years. This longevity, despite the modest asset base, suggests a degree of organizational resilience. The absence of any liquidation or administration proceedings is reassuring.
Positive 4: No Long-term Liabilities
The balance sheet shows no creditors falling due after one year, meaning the company carries no long-term debt obligations.
4. Due Diligence Notes
| Item | Investigation Required |
|---|---|
| Financial data gap | Obtain and review filed accounts for years 2017-2021 from Companies House to understand the trajectory of asset decline and identify any exceptional transactions |
| Asset composition | Determine the breakdown of current assets – specifically how much is cash versus debtors or other assets. The 2016 accounts showed only £1,885 cash out of £21,639 total assets, suggesting significant non-cash holdings |
| Nature of activities | Clarify the organization's actual activities. The SIC code (82990) is vague. Given the board composition (ministers, retired clergy, solicitor), this appears to be a religious/charitable entity. Understanding its purpose is essential for assessing whether the asset base is adequate |
| PSC register | The PSC entry shows only a generic statement. For a company limited by guarantee with no share capital, this may be correct, but it should be confirmed that no individual or entity exercises significant control that should be disclosed |
| Funding model | Determine how the organization is funded – donations, grants, rental income, or asset realisation. This is critical for assessing long-term sustainability |
| Related party transactions | Micro-entity accounts do not require disclosure of related party transactions. Investigate whether any directors have financial relationships with the entity |
| Charitable status | Verify whether this entity is registered with the Charity Commission, which would impose additional governance and reporting requirements |
| New liabilities | The appearance of £1,533 in creditors due within one year in 2023 (none in 2022) should be investigated – what obligation has arisen? |