CDW LIMITED
Company number 02465350 · 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 Opinion: APPROVE CDW LIMITED is a subsidiary of CDW Finance Holdings Limited, which owns over 75% of the company and holds significant influence. The entity operates within the broader CDW group, a major global IT solutions provider. Given the strong corporate parentage, long operating history (incorporated in 1990, formerly Kelway Limited), and active compliance status, the company presents a low credit risk. Approval is recommended for commercial credit facilities, ideally structured with a parent company guarantee from CDW Finance Holdings Limited or the ultimate parent entity to formalize the implicit group support.
Financial Strength: Although specific balance sheet figures are not available in this data snapshot, the structural indicators point to robust financial health and strong business resilience. The company files "Full" accounts, confirming it exceeds the size thresholds for medium-sized enterprises, indicating substantial operational scale. Its financial trajectory is positive; having operated for over 30 years as Kelway before being acquired and rebranded by CDW, the business has successfully navigated market cycles and integrated into a Fortune 500 corporate structure. The backing of CDW Finance Holdings Limited provides a strong safety net, ensuring the UK entity can absorb economic downturns through group capital injections if necessary.
Cash Flow Assessment: Evaluating payment capability relies heavily on the company's integration within the CDW group. As a large IT reseller and service provider, the business typically requires significant working capital to manage debtor and creditor cycles. While standalone liquidity metrics cannot be assessed without the filed financials, the presence of a dedicated Financial Controller and Managing Director suggests professional stewardship of local cash flows. Furthermore, access to group treasury functions likely optimizes liquidity management, ensuring the company can comfortably service debt obligations and honor commercial agreements.
Monitoring Points: - Group Support Documentation: Verify the existence of formal parent company guarantees or intercompany loan agreements to ensure standalone liquidity risks are fully mitigated. - Financial Performance: Request and review the actual filed financial statements for the period ending 31 December 2025, focusing on net current assets, working capital cycles, and profitability margins. - Management Continuity: Note the recent resignation of US-based director name shown to subscribers (May 2026). Monitor for any further shifts in the board structure that might indicate strategic changes or a reduction in local autonomy. - Filing Compliance: Ensure the next accounts (due September 2027) and confirmation statements are filed on time to maintain good standing and avoid statutory penalties.