NATWEST BOXED LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-03 (in 2mo)
Last made up 2025-06-19
Watchouts
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The directors intend to wind up the company in near future and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.
Accounts
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The directors intend to wind up the company in near future and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “On 10 March 2025, National Westminster Bank Plc purchased the minority interest held by Vodeno Sp. Z.o.o in NatWest Boxed Limited for a consideration of €25 million (approx. £21 million).”
- “On 2 July 2025, the Company undertook a capital reduction: a) The amount standing to the credit of the share premium account, totalling £200,199,000 was cancelled in full and credited to the Company's distributable reserves. b) The issued share capital of the Company was reduced from 1,000 Ordinary Shares of £1.00 each to 1 Ordinary Share of £1.00.”
- “On 9 July 2025, the Board undertook a strategic review of the Company and approved the sale of the entirety of the intangible assets underlying the core Banking as a Service Platform (BaaS) to National Westminster Bank Plc. This sale, which was concluded after the balance sheet date, generated a gain of £44.6 million in 2025 and a consequential capital repatriation and settlement of associated financial liabilities of the Company with National Westminster Bank Plc.”
- “On 10 July 2025, the Board approved the payment of an interim dividend of £102,826,755 to National Westminster Bank Plc for the financial year ending 31 December 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NATWEST GROUP SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2022-07-26 | — | — |
| CHEETHAM, Andrew John | Director | 2025-07-10 | May 1989 | British |
| ELLIS, Andrew | Director | 2022-07-26 | Feb 1970 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHEETHAM, Andrew John | Director | 2024-12-04 | 2025-04-14 |
| LINDBERG, David Robert | Director | 2023-09-01 | 2025-02-14 |
| MARCAR, Scott Aaron | Director | 2023-05-11 | 2025-07-10 |
| SHARP, Noah | Director | 2023-10-02 | 2025-03-10 |
| SMITH, Helen | Director | 2023-06-20 | 2023-10-02 |
| STENNER, Gregory John | Director | 2023-05-11 | 2024-09-27 |
| THWAITE, John-Paul | Director | 2022-07-26 | 2023-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Westminster Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-07-26 | Active |
Filing timeline
Last 20 of 32 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-29 | MA | incorporation | Memorandum articles | |
| 2025-07-17 | SH20 | capital | Legacy | |
| 2025-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-07-02 | CAP-SS | insolvency | Legacy | |
| 2025-07-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-05 | AA | accounts | Accounts with accounts type full | |
| 2023-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
Latest filed period vs the prior one