NAUWINA LTD
Company number 06777537 · 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: NAUWINA LTD
1. Credit Opinion: DECLINE
Reasoning: NAUWINA LTD is a dormant, non-trading entity that has never conducted business since incorporation in 2008. The company holds only £100 in assets (solely share capital) with zero revenue generation capability. There is no trading activity, no income stream, and no operational infrastructure to service debt obligations. Extension of any credit facility would be imprudent as the company possesses no means of repayment.
2. Financial Strength
Assessment: Negligible
- Net Assets: £100 (static across all 10 years of available history)
- Share Capital: £100 (100 ordinary shares of £1 each)
- Total Liabilities: None declared
- Fixed Assets: None
- Trading History: Company has never traded (explicitly stated in filings)
The balance sheet is essentially dormant—containing only the nominal share capital with no operational assets, intellectual property, or other value-generating resources. The company has maintained this static position for over a decade, indicating no intention or capacity to build financial substance.
3. Cash Flow Assessment
Assessment: Non-existent
- Revenue: £0
- Operating Cash Flow: £0
- Cash at Bank: £100 (unchanged since at least 2015)
- Working Capital: £100 (current assets minus current liabilities)
There is no cash generation whatsoever. The £100 held at bank represents the original share capital injection and has not been deployed or grown. No working capital cycle exists. The company cannot service any debt obligation—principal or interest—from operational activities.
4. Monitoring Points
Should circumstances change or further due diligence be required:
| Metric | Current Status | Watch For |
|---|---|---|
| Account Filing Status | Current (next due 30 Sep 2026) | Failure to file may indicate abandonment |
| Dormancy Status | Active dormant since 2008 | Any transition to active trading would require full reassessment |
| PSC Changes | Two PSCs each holding >75% | Changes in control; current structure appears contradictory—requires clarification |
| Officer Appointments | Single director (Marian Babiak) | Resignation would leave company without management |
| Registered Office | 61 Bridge Street, Kington | Verify continued occupancy if trading commences |
Key Concerns: - The PSC register shows two individuals each owning >75% of shares, which is arithmetically impossible unless different share classes exist. This discrepancy warrants investigation before any engagement. - The company's 16-year dormant status raises questions about its purpose. Dormant entities are sometimes used for phoenix activity, asset holding, or as vehicles for future transactions. - No evidence of any commercial relationships, contracts, or operational capability.