WILDBORE VETERINARY LIMITED
Company number 06850036 · 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.
Credit Analysis: WILDBORE VETERINARY LIMITED
1. Credit Opinion: DECLINE
Reasoning: This company is not a going concern in any meaningful commercial sense. The latest filed accounts (July 2023) explicitly confirm the company is dormant, has ceased trading, and executed a hive up of trade and assets to its parent entity. With total assets of just £1,000 (a single intercompany debtor), no revenue, no cash generation, and no operational activity, there is no capacity whatsoever to service debt obligations. Extending credit to this entity would constitute an unsecured exposure with zero repayment source.
2. Financial Strength
Assessment: Critically Weak — Shell Entity
| Year | Net Assets | Cash | Trajectory |
|---|---|---|---|
| 2017 | £789,147 | £493,957 | Operating |
| 2019 | £625,441 | £228,386 | Declining |
| 2020 | £540,868 | £255,358 | Declining |
| 2021 | £179,359 | £173,288 | Stripping |
| 2022 | £1,000 | — | Dormant |
| 2023 | £1,000 | — | Dormant |
The balance sheet tells a clear story of asset extraction. Net assets fell from £789,000 to £179,000 between 2017-2021, before the remaining business was hived up entirely. The company now holds only £1,000 in share capital and a matching £1,000 intercompany debtor. Shareholders' funds are negligible. There is no balance sheet depth to absorb any adverse movement.
Parent entity: Linnaeus Veterinary Limited holds >75% shareholding and control. The hive up almost certainly transferred operations to this group entity. Any commercial substance resides with the parent, not here.
3. Cash Flow Assessment
Assessment: Non-existent
- Revenue: Zero — company confirmed as non-trading
- Operating cash flow: Nil
- Working capital: £1,000 current assets (intercompany debtor only) against minimal liabilities
- Liquidity: The £1,000 intercompany debtor represents amounts owed by group undertakings — this is not independent liquidity
The company generates no income and incurs no expenditure. It cannot service any debt obligation from its own resources. Any repayment would be entirely dependent on the willingness and ability of the Linnaeus group to fund this entity — an unacceptable credit basis.
4. Monitoring Points
If any existing exposure exists (which should be reviewed immediately):
- Confirm trade has transferred: Establish whether any commercial relationship previously held with this entity should now be directed to Linnaeus Veterinary Limited or another group operating company
- Director departures: Three directors resigned in early-mid 2026 — consistent with wind-down. Monitor for further resignations or striking-off applications
- Parent financial health: If credit is required for the underlying veterinary practice, underwrite against Linnaeus Veterinary Limited directly
- Dissolution risk: Dormant companies with no purpose are candidates for voluntary strike-off. Any creditor would have limited recovery prospects
- Intercompany balances: The £1,000 debtor is with group undertakings — verify this is not a residual balance from the hive-up that may be written off