Heritage Woodcraft Limited

Heritage Woodcraft Ltd, based in Hinckley, UK, is a small, holding company with an active status, celebrating 36 years in business. Employing just five people, the company boasts £899,034 in assets and maintains a real address, registered at Heritage House. With four directors and one owner, it holds a stellar 5.0 Google rating based on seven reviews, a testament to its reputation. The company regularly imports wood and wood products, with 13 months of import activity recorded, the latest in August 2023.

Heritage Woodcraft Ltd specializes in the distribution of hardwood flooring and accessories, catering to trade customers. Established in 1989, it has gained a strong reputation, supplying prestigious projects and customers, including major retail chains and public sector developments. The company’s website showcases a wide range of flooring options, from engineered wood to laminate and SPC, alongside accessories like adhesives and underlayments. It even offers services like subfloor preparation and surface treatment. The company’s website also highlights its work with well-known brands and its commitment to high-quality materials and customer satisfaction.

Financially, Heritage Woodcraft Ltd presents a mixed picture. Current assets have decreased by 9.4% to £900,000, while net assets have plummeted 120% to -£22,000 – a significant shift. Bank borrowings have increased, and cash reserves have fallen, suggesting a need for careful financial management. Trade debtors have also decreased considerably, which could be a positive sign of improved collection efficiency. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, the substantial equity decline warrants closer attention. The company’s financial statements are unaudited, and no auditor is mentioned.

Overall, Heritage Woodcraft Ltd appears to be navigating a period of change, with both opportunities and challenges ahead. Its strong reputation and commitment to quality provide a solid foundation, but careful financial planning will be crucial for long-term success.

Registered in England/Wales under the registration number 02355187, with a registered address at LE10 1YG, Hinckley Field Ind Est, Hinckley Leics, Heritage House, Wheatfield Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.