NATIONAL WEALTH FUND LIMITED
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Cash
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Latest balance sheet
Net assets
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Equity attributable
Employees
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Average over period
Profit before tax
—
Period ending 2026-03-31
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £43,591,000 | £144,637,000 | +231.8% | |
| Fee & commission income | — | £7,094,000 | £14,294,000 | +101.5% | |
| Operating income | — | -£597,000 | £89,555,000 | +15,100.8% | |
| Impairment losses | — | — | — | — | |
| Profit before tax | -£85,633,000 | -£152,150,000 | — | — | |
| Net profit | -£69,116,000 | -£128,306,000 | — | — | |
| Loans & advances to customers | — | £1,453,425,000 | £6,738,723,000 | +363.6% | |
| Customer deposits | — | — | — | — | |
| Total assets | £1,230,347,000 | £2,299,571,000 | — | — | |
| Total liabilities | £167,511,000 | £1,086,421,000 | £3,200,303,000 | +194.6% | |
| Equity | £1,062,836,000 | £1,213,150,000 | — | — | |
| Average employees | 242 | 296 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | -2.4% | -4.1% | — | |
| Gearing (liabilities / total assets) | 13.6% | 47.2% | — | |
| Current ratio | 2.47x | 0.49x | — | |
| Interest cover | -5.14x | -3.09x | — |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2024-10-14
- NATIONAL WEALTH FUND LIMITED 2024-10-14 → present
- UK INFRASTRUCTURE BANK LIMITED 2021-05-21 → 2024-10-14
- INFRASTRUCTURE FINANCE UNIT LIMITED 2009-04-01 → 2021-05-21
- THE INFRASTRUCTURE FUND LIMITED 2009-02-17 → 2009-04-01
- INFRASTRUCTURE DELIVERY FINANCE FUND LIMITED 2009-02-11 → 2009-02-17
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Comptroller and Auditor General
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors of the Company confirm that they are satisfied, at the time of approval of this Annual Report and Accounts, that the Company has adequate resources to continue in business for the foreseeable future. For these reasons, the Company continues to adopt the going concern basis”
Group structure
- NATIONAL WEALTH FUND LIMITED · parent
- Digital Infrastructure Investment Partners LP Fund 100%
Significant events
- “Renamed to National Wealth Fund Limited in October 2024.”
- “Provided the National Wealth Fund with up to £36.6 billion additional financial capacity to finance the construction of the Sizewell C nuclear power station.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANN, Davinder | Secretary | 2024-01-31 | — | — |
| CIALLIE, Elena | Director | 2024-08-01 | Sep 1967 | British |
| CRIPPS, Catherine Gail | Director | 2025-10-01 | Dec 1965 | British |
| DUBE, Muriel Betty Nicolle | Director | 2023-12-14 | Sep 1972 | South African |
| GRIGG, Christopher Montague | Director | 2021-05-18 | Jul 1959 | British |
| HOLBOURN, Oliver Gerald | Director | 2025-11-01 | Sep 1977 | British |
| OKLAND, Marianne | Director | 2022-07-05 | May 1962 | British |
| RIORDAN, Thomas Messenger | Director | 2025-10-01 | Apr 1968 | British |
| ROPAR, Annie | Director | 2022-09-20 | Apr 1972 | Canadian |
| SCHULL, Joseph Charles | Director | 2025-10-01 | Mar 1961 | Canadian |
| SONGINI, Tania Louise | Director | 2022-07-05 | Mar 1969 | British |
| TOPPING, Nigel Paul | Director | 2022-07-05 | Nov 1965 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2009-02-11 | 2009-04-07 |
| BROWN, Ian | Director | 2025-08-15 | 2025-11-01 |
| DANCE, Stephen William | Director | 2014-07-02 | 2018-12-13 |
| DONALD, Charles Hunter | Director | 2021-05-18 | 2024-08-01 |
| DOSHI, Jayesh Gajendra | Director | 2017-03-28 | 2021-05-18 |
| FLINT, John Michael | Director | 2021-12-01 | 2025-08-15 |
| FOX, Joanna Lisette | Director | 2014-07-02 | 2017-03-17 |
| HUEY EVANS CBE, Gay | Director | 2021-06-17 | 2022-10-10 |
| IMPEY, Peter Henry | Director | 2009-04-06 | 2011-04-15 |
| LOMAS, Steven John | Director | 2009-04-06 | 2021-05-18 |
| LUNN, David Benjamin | Director | 2021-05-18 | 2023-10-04 |
| MAHON, John Stephen | Director | 2021-05-18 | 2021-10-29 |
| NEWCOMBE, Paul Alan | Director | 2009-02-11 | 2009-04-07 |
| ROSE, Andrew Martin | Director | 2009-04-06 | 2011-07-22 |
| ROSEWELL, Bridget Clare | Director | 2022-07-05 | 2026-06-09 |
| SEGARS, Donald Douglas | Director | 2011-11-16 | 2014-07-11 |
| VICKERSTAFF, Matthew | Director | 2018-12-13 | 2021-05-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hm Treasury | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-18 RESOLUTIONS Resolution
- 2025-11-10 RESOLUTIONS Resolution
- 2025-10-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-01 | SH01 | capital | Capital allotment shares | |
| 2026-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-09 | CH01 | officers | Change person director company with change date | |
| 2026-02-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-10 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-10 | AA | accounts | Accounts with accounts type full | |
| 2025-11-05 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-09 | SH01 | capital | Capital allotment shares | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 3
- Officers appointed
- 4
- Officers resigned
- 2
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.