NORBORD LIMITED

Credit Opinion: DECLINE The application for credit facilities must be declined for this specific legal entity. Norbord Limited was dissolved on 21 December 2021 and is no longer an active corporate body. A dissolved entity has no legal capacity to enter into new credit agreements, borrow funds, or service debt. Furthermore, the company's historical filing status as a "dormant" non-trading entity indicates it had no operational revenue generation prior to dissolution.

Financial Strength: The balance sheet health is non-existent. Prior to dissolution, the company was classified as dormant with a nominal share capital of only £100. As a non-trading vehicle, it held no operational assets, and its previous names (including Nexfor Limited and Caberboard Limited) suggest it was likely a legacy shell company kept on the register for historical or intellectual property purposes before being struck off. There are no meaningful assets or equity base to secure a facility against.

Cash Flow Assessment: There is no liquidity or working capital to evaluate. Dormant companies do not trade and therefore generate no cash flow from operations. Without top-line revenue or operational cash generation, the entity possesses zero capacity to service debt obligations.

Monitoring Points: - Entity Verification: Ensure this specific legal entity (Company Number 00357722) is removed from any supplier master files or approved credit lists. - Alternative Underwriting: If the applicant is seeking credit for the manufacture and supply of engineered wood panels under the "Norbord" brand, credit assessment must be redirected to the active operating entity. The website indicates operations are now under "West Fraser", and the PSC register points to Norbord Investments (UK) Ltd. Future credit analysis should be performed on the appropriate active trading subsidiary or the ultimate parent guarantee.