CMP BATTERIES PENSIONS LIMITED
Company number 02397538 · 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 Assessment: CMP BATTERIES PENSIONS LIMITED
Companies House Number: 02397538
1. Credit Opinion
DECLINE — as a standalone credit proposition.
Reasoning: This entity is classified as Dormant with a SIC code of 65300 (Pension funding). It has no trading activity, no revenue generation, and share capital of only £100. The company cannot independently service debt obligations as it conducts no significant financial transactions. Any credit exposure would effectively be unsecured against an empty shell vehicle.
If a facility is being sought, it would require a parent company guarantee from GNB Industrial Power (UK) Limited, which owns more than 75% of shares and voting rights. In that scenario, the credit decision should be based on the parent's financial standing, not this entity.
2. Financial Strength
The balance sheet is effectively non-existent for lending purposes:
- Share Capital: £100 only
- Net Assets: Immaterial (dormant status means no significant assets or liabilities are recorded)
- No trading history to demonstrate asset accumulation or capital reserves
- No filed financial data beyond dormant company filings, which are exempt from detailed reporting
The company has been incorporated since 1989 and was renamed from Marplace (Number 208) Limited shortly after incorporation, suggesting it was established as a special-purpose vehicle for pension trustee or administrative functions. This is a common structure for pension scheme governance.
Shareholder support is theoretically available via GNB Industrial Power (UK) Limited, but this is not a substitute for standalone creditworthiness.
3. Cash Flow Assessment
Not applicable. As a dormant entity:
- No operating cash flow
- No working capital cycle
- No debtors, creditors, or stock to manage
- No revenue or expenditure streams
- Liquidity is effectively nil
The company cannot generate funds to repay any borrowing. Any obligations would fall to the parent entity or require external funding injection.
4. Monitoring Points
If the bank has an existing relationship or is considering exposure with parent guarantee support:
| Monitoring Point | Rationale |
|---|---|
| Dormant status change | If the company becomes active, reassess financials — could indicate restructuring or new activity |
| Parent company (GNB Industrial Power UK) financial health | Any guarantee relies entirely on parent solvency and willingness to support |
| Filing compliance | Currently up to date; any overdue filings would signal governance concerns |
| Director changes | Multiple directors including a corporate trustee director (Vidett Trust Corporation); changes may indicate shifts in pension scheme arrangements |
| PSC changes | Monitor whether GNB Industrial Power (UK) Limited remains the controlling entity |