VINE CONFERENCE LIMITED

Risk Rating: HIGH The company presents a HIGH risk profile primarily due to its active status as "Proposal to Strike off," which indicates imminent dissolution, combined with a return to negative net assets in the latest financial year. The cessation of operational support from its parent entity further undermines its standalone viability, suggesting the business is being wound down rather than positioned for ongoing concern.

Key Concerns * Imminent Dissolution: The company status is "Active - Proposal to Strike off." This is the most critical red flag, as it indicates that an application has been made to remove the company from the register. This supersedes financial metrics, as the entity may soon cease to exist legally. * Insolvency and Balance Sheet Deterioration: As of December 31, 2025, the company's net assets turned negative (£-2,370) after maintaining a positive position the previous year (£5,250). Total assets dropped significantly from £18,928 to £7,462, and cash more than halved from £13,147 to £6,009, indicating rapid financial decline. * Withdrawal of Related Party Support: The accounts explicitly state that rent and utility contributions paid to The Vine Church Limited ceased in June 2025. The going concern basis relies on "continued operational support from related parties," which is now highly uncertain given this cessation and the pending transfer of control to Elim Foursquare Gospel Alliance.

Positive Indicators * Positive Working Capital: Despite the overall negative net asset position, the company maintains positive net current assets (£4,743). It possesses sufficient liquid assets (cash of £6,009 plus debtors of £1,453) to cover its immediate short-term liabilities (£2,719), mitigating immediate cash flow insolvency. * Regulatory Compliance: The company's accounts and confirmation statements are filed and up to date, with no filings currently overdue. This demonstrates administrative diligence up to the point of the strike-off proposal. * Limited Member Liability: As a private company limited by guarantee with no share capital, the liability of its members is strictly capped at £1. This limits the financial exposure and downside risk for the individuals involved should the entity be wound up.

Due Diligence Notes * Strike-off Status and BBL: It is critical to investigate the nature of the strike-off proposal. Notably, the company holds a Bounce Back Loan (BBL) with 3.5 years remaining (accounting for the £8,336 long-term creditor). Lenders typically object to strike-off applications for companies with outstanding government-backed BBLs, which may result in the application being suspended or withdrawn. * Control Transfer: Clarification is required regarding the note that control is expected to transfer to Elim Foursquare Gospel Alliance. Due diligence must establish whether this transfer will result in the debts being assumed or guaranteed by the new controlling party, or if the entity is simply being dissolved as part of a wider corporate reorganization. * Operational Activity: The dramatic drop in trade debtors (from £5,781 to £1,453) and cash suggests a severe contraction in trading activity. It is necessary to determine if the conference centre is still actively trading or if operations have ceased entirely, which would align with the strike-off application.