Company evidence record
The reviewed Companies House record identifies IWOCA FINANCE NO.1 PLC as an active UK public limited company incorporated on 16 July 2026. Its incorporation filing declares IWOCA FINANCE HOLDINGS LIMITED as the initial relevant legal entity with 75% or more of shares and voting rights and the right to appoint or remove a board majority. The issuer's bespoke articles require at least one independent director and that director's presence for a board meeting on insolvency proceedings to be quorate, subject to statutory duties. These are formal legal-control and governance facts; they do not establish beneficial economics, a completed receivables transfer or a contractual link to iwoca's announced £250 million facility.
16 Jul 2026
Incorporation date
eleven days before iwoca's funding announcement
75%+
Initial declared share and voting rights
formal relevant-legal-entity statement
Evidence library
The incorporation filing and bespoke articles recording the issuer's formation, initial formal-control statements and independent-director insolvency quorum.
The official company overview used only to verify current status, legal form, incorporation date, registered office and SIC classification.
Evidence boundary
Every finding stays tied to the reviewed documents. Transaction terms and ownership conclusions outside that record remain explicit limits.
The sources identify IWOCA FINANCE NO.1 PLC and company number 17343555, consistent with the active Companies House profile verified on 6 August 2026.
IWOCA FINANCE HOLDINGS LIMITED was declared as the issuer's initial relevant legal entity with 75% or more of shares and voting rights and the right to appoint or remove a board majority.
The issuer's bespoke articles require at least one independent director.
A board meeting considering insolvency proceedings, including voluntary winding-up, is not quorate unless an independent director is present and entitled to vote, subject to directors' statutory duties.
The incorporation filing records formal initial control; it does not establish who owns the issuer's beneficial economics or receives facility proceeds.
The independent-director provision does not prevent insolvency or guarantee a creditor outcome, and it remains subject to directors' statutory duties.
No facility agreement, receivables sale agreement, prospectus or matching charge had been filed by the evidence cutoff, so the contractual link to iwoca's announced £250 million facility remains an inference.
The official company profile supplies current identity metadata only; it is not evidence of facility terms, asset transfers, cashflow rights or beneficial ownership.
Related analysis
iwoca's £250m facility is built around two new companies: an issuer whose formal control and insolvency decisions sit outside the operating company.
Read the analysis