INVENSYS LIMITED
Company number 00166023 · 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.
1. Credit Opinion
CONDITIONAL
Reasoning: Invensys Limited operates as a wholly-owned subsidiary within the Schneider Electric group, as evidenced by the Persons with Significant Control (PSC) entries (Schneider Electric Systems Holdings Limited and Samos Acquisition Company Limited). While the company has a long-standing corporate history (incorporated in 1920) and is fully up to date with its statutory filings, the provided data lacks standalone financial statements. Therefore, any credit facility should be approved conditionally, contingent upon either a formal parent company guarantee from Schneider Electric Systems Holdings Limited or a thorough review of the company's latest full accounts (made up to 31 December 2025).
2. Financial Strength
Analysis of balance sheet health: Without specific balance sheet figures available in the current dataset, financial strength must be assessed through corporate structure and history. The company transitioned from a public limited company (Invensys PLC) to a private limited company in 2014, aligning with its acquisition by Schneider Electric. The nominal share capital of £82 indicates it functions as a holding entity (SIC 64209) rather than an operating company. Its balance sheet health is intrinsically tied to the financial robustness of the Schneider Electric group. As a holding company, intercompany loans and group funding mechanisms typically dictate its solvency rather than external trading revenues.
3. Cash Flow Assessment
Liquidity and working capital evaluation: Standalone cash flow and working capital metrics cannot be evaluated without the filed financial statements. Given its classification as a holding company, liquidity is likely managed centrally via group treasury operations. Cash flows are presumed to consist primarily of intercompany funding, investment income, and dividend distributions. For commercial credit purposes, it is vital to determine whether the entity self-generates cash or relies entirely on upstream/downstream group funding to service any external obligations.
4. Monitoring Points
Key metrics to watch going forward: - Parental Support: Ensure a formal, legally binding parent company guarantee is in place, or monitor the credit rating and financial health of Schneider Electric. - Filing Compliance: The company is currently compliant, with accounts next due in September 2027. Monitor to ensure no overdue status develops, which could signal internal administrative distress. - Intercompany Balances: Upon receipt of the 2025 accounts, scrutinize the level of intercompany debtors and creditors, as these are the primary indicators of liquidity for a holding company of this nature. - Board Stability: Monitor director changes. The board is currently composed of international executives, consistent with a global group structure, but recent resignations (e.g., name shown to subscribers in Feb 2026) should be contextualized to ensure they are routine corporate reshuffles rather than signs of governance issues.