Heritage Worldwide Limited

Heritage Worldwide Ltd, based in Doddington, UK, is a small, active company founded fourteen years ago in 2011. With five employees and £199,805 in assets, it’s a solo-founded operation led by a single director and owner. The business operates from a real address and is regularly importing miscellaneous metal items (for twelve months) and exporting furniture, lighting, and prefabricated buildings (for seven months).

The company's website, Heritage Components, is a well-established online retailer specializing in furniture legs and upholstery supplies. They offer a wide range of wooden and metal furniture legs, castors, finials, webbing, and tools, catering to both trade customers and individual DIY enthusiasts. The site also features a "Made to Order" section, allowing customers to customize their furniture components. They even have a blog, which is nice.

Financially, Heritage Worldwide Ltd shows a mixed picture. Current assets have decreased by 2.5% to £200,000, while net assets have fallen by 38% to £82,000. Bank borrowings have surged by a staggering 740%, reaching £46,000, and cash reserves have plummeted 73% to £3,300. Creditors have increased by 97%, suggesting perhaps a reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant drop in equity is a concern. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s average number of employees has also decreased by 40% to just three. Depreciation on plant machinery has decreased by 17%, which could be a good sign. Overall, Heritage Worldwide Ltd seems to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 07542539, with a registered address at LN6 4RR, England, Doddington, Lincolnshire, Unit 2 Cedar Parc.

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