HERITAGE VINTAGE LTD

Executive Summary

HERITAGE VINTAGE LTD currently exhibits a weak financial profile with negative net assets and no operational activity, raising serious concerns about its ability to service debt or credit facilities. The company’s minimal cash resources and persistent liabilities indicate a high credit risk. Approval of credit facilities is not recommended without substantial evidence of improved financial performance or capital injection.

HERITAGE VINTAGE LTD - Analysis Report

Company Number: 13801974

Analysis Date: 2025-07-29 20:17 UTC

1. Credit Opinion: DECLINE
   HERITAGE VINTAGE LTD shows a persistently negative net asset position of -£217 for the last three years, implying liabilities exceed assets. The company is classified as a micro-entity with minimal current assets (£16) and current liabilities (£233). The absence of turnover, profit, or any operational employees indicates no meaningful trading activity to generate cash flows. This raises significant concerns about the company’s ability to meet financial obligations and service any credit extended.

2. Financial Strength:
   The balance sheet reflects a weak financial position with consistent negative net assets over three years. The company’s total liabilities exceed its assets, leading to a capital deficiency. The micro-entity status and lack of fixed or current assets limit its collateral value. Shareholders’ funds are negative, indicating accumulated losses or funding by creditors rather than equity. There is no evidence of growth or improving financial stability.

3. Cash Flow Assessment:
   With current assets of only £16 and current liabilities of £233, the company’s working capital is negative, implying a liquidity shortfall. No employees and no reported trading activity suggest negligible operating cash inflows. The company likely depends entirely on shareholder funding or non-operating sources. The minimal cash resources and ongoing liabilities present a high risk of default on payment obligations.

4. Monitoring Points:

• Monitor any improvement in net assets or cash balances in future filings.
• Watch for evidence of revenue generation or operational activity to support cash flow.
• Review director actions or additional funding to cover liabilities.
• Confirm timely filing of accounts and returns to avoid regulatory or credit issues.