NOMAD CAMPERVANS LTD
Company number 07436065 · 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.
Risk Analysis: NOMAD CAMPERVANS LTD (07436065)
1. Risk Rating: HIGH
The company presents severe solvency and operational concerns. It is effectively an insolvent shell entity within a corporate group structure, with zero current assets, persistent negative shareholders' funds, and a dissolved status. The financial trajectory shows no viable path to recovery as an independent operating entity.
2. Key Concerns
Concern 1: Deep and Persistent Insolvency
The company has carried negative shareholders' funds since at least 2011 (with brief positive periods in 2013-2016). As of January 2024, net liabilities stand at £63,847 with total current assets of £0. The company is entirely dependent on creditor forbearance or group support to continue as a going concern.
Concern 2: Dissolved Status and Operational Cessation
The company status is listed as "Dissolved" with a dissolution date of 2026-09-01. The registered address is a Companies House default address, which strongly suggests the company has ceased operations and is no longer maintaining a proper registered office. Zero employees in both 2023 and 2024 confirms operational wind-down.
Concern 3: Misalignment Between PSC Register and Director Records
The PSC register lists multiple controlling parties (Camperco Group Limited, Apollo Tourism & Leisure UK Ltd, Mr Alfred William Best, Ms Madeline Louise Corken, Mr Keith John Charlton), yet the sole recorded director is Christopher Ball. However, the latest accounts were signed by "L Smith" as Director. This raises questions about the accuracy of the officer register and governance oversight.
3. Positive Indicators
- Accounts filed and not overdue: Despite the company's distressed state, statutory filing obligations have been met, suggesting some level of administrative compliance within the group.
- Group structure support: The PSC register indicates ownership by Camperco Group Limited and Apollo Tourism & Leisure UK Ltd, suggesting this entity operates within a larger tourism/leisure group that may absorb or manage the liabilities.
- Historical trading viability: The company demonstrated positive net assets between 2013-2016 (£386 to £24,465), indicating the underlying business model was viable at some point before apparent group restructuring.
4. Due Diligence Notes
| Item | Investigation Required |
|---|---|
| Parent company financial health | Assess the solvency and liquidity of Camperco Group Limited and Apollo Tourism & Leisure UK Ltd to determine whether group support is available |
| Intercompany balances | The £63,847 in current liabilities likely includes intercompany debts; determine the nature and enforceability of these obligations |
| Director discrepancies | Resolve the inconsistency between the registered director (Christopher Ball) and the signatory on the accounts (L Smith); verify whether all required director appointments/resignations have been properly filed |
| Accounting reference date change | The 2024 period covers only 7 months due to alignment with the parent company; understand the commercial rationale and whether this signals a group reorganisation |
| Potential wrongful trading | Given continuous insolvency since at least 2017 (and likely earlier), assess whether directors continued trading when there was no reasonable prospect of avoiding insolvent liquidation |
| Related party transactions | Investigate whether assets were transferred out of the company prior to the decline in net assets from £24,465 (2016) to negative £218,633 (2021) |
| Apollo Tourism & Leisure UK Ltd | This entity holds rights to appoint and remove directors; assess its own financial position and any regulatory history |
| Asset stripping concerns | The reduction from £231,193 total assets (2022) to £0 (2024) warrants investigation into whether assets were transferred at fair value |