Missing NIT Companies Investigation
Investigation into gaps in NIT company numbering. Examines what happened to missing trustee companies.
====================================
Investigation Date: December 26, 2024
CRITICAL FINDING: NIT No. 1, 2, 3 DO NOT EXIST
==============================================
Search for "Napier Independent Trustees No" returned only 8 results:
| Company | Registered | Company No |
|---------|------------|------------|
| NIT No. 4 LIMITED | April 27, 2010 | 2463133 |
| NIT No. 5 LIMITED | March 2, 2011 | 3287668 |
| NIT No. 6 LIMITED | July 1, 2011 | 3451471 |
| NIT No. 7 LIMITED | November 18, 2011 | 3658039 |
| NIT No. 8 LIMITED | June 7, 2012 | 3876996 |
| NIT No. 9 LIMITED | June 26, 2015 | 5736161 |
| NIT No. 10 LIMITED | November 3, 2017 | 6529152 |
| NIT (Calstock No 2) LIMITED | July 22, 2021 | 8207940 |
MISSING COMPANIES:
- Napier Independent Trustees No. 1 LIMITED - NOT FOUND
- Napier Independent Trustees No. 2 LIMITED - NOT FOUND
- Napier Independent Trustees No. 3 LIMITED - NOT FOUND
ANALYSIS
========
There are three possible explanations:
- NEVER EXISTED: Companies No. 1, 2, 3 were never created, and the
- DISSOLVED/REMOVED: Companies No. 1, 2, 3 existed but have been
- DIFFERENT NAMING: The first three companies may have been created
or with year designations like "2007" and "2008").
EVIDENCE FOR OPTION 3
---------------------
The search also found:
- NAPIER INDEPENDENT TRUSTEES LIMITED (1999) - The "mother" company
- NAPIER INDEPENDENT TRUSTEES (2007) LIMITED
- NAPIER INDEPENDENT TRUSTEES (2008) LIMITED
These may represent the "first generation" before the numbered series began.
TIMELINE RECONSTRUCTION
=======================
| Year | Company | Possible "Generation" |
|------|---------|----------------------|
| 1999 | NIT Limited | Original/Mother |
| 2007 | NIT (2007) Limited | Generation 1 |
| 2008 | NIT (2008) Limited | Generation 2 |
| 2010 | NIT No. 4 Limited | Generation 3? |
| 2011 | NIT No. 5, 6, 7 Limited | Expansion |
| 2012 | NIT No. 8 Limited | Continued |
| 2015 | NIT No. 9 Limited | Gap period |
| 2017 | NIT No. 10 Limited | Gap period |
| 2020 | 60+ McKay batch | Major reset |
The gap between No. 8 (2012) and No. 9 (2015) is 3 years.
The gap between No. 9 (2015) and No. 10 (2017) is 2 years.
This suggests the numbered series slowed down before the 2020 "reset"
when 60+ McKay companies were created.
POSSIBLE ROLLOVER EVIDENCE
==========================
If NIT No. 1, 2, 3 existed and were dissolved:
- They would have been created before 2010
- They would have been active during the early 2000s
- Their dissolution would follow the "rollover" pattern
The fact that they cannot be found suggests either:
- They were dissolved so long ago they've been purged from records
- They never existed with those exact names
- The numbering system was adopted later
SIGNIFICANCE
============
The missing companies represent a potential "first generation" of the
trustee network that has been completely erased. This is consistent
with the rollover theory - older companies are dissolved and their
records eventually disappear, making forensic tracing impossible.
The current numbered series (No. 4-10) may represent the "second
generation" that replaced the original companies.
COMPANY NUMBER ANALYSIS
=======================
Looking at company numbers provides clues about registration timing:
| Company | Company No | Approximate Registration |
|---------|------------|-------------------------|
| NIT Limited (mother) | 953992 | 1999 |
| NIT (2007) | 1963969 | 2007 |
| NIT (2008) | 2080642 | 2008 |
| NIT No. 4 | 2463133 | 2010 |
| NIT No. 5 | 3287668 | 2011 |
| NIT No. 6 | 3451471 | 2011 |
| NIT No. 7 | 3658039 | 2011 |
| NIT No. 8 | 3876996 | 2012 |
The company numbers increase sequentially, confirming the registration order.
If NIT No. 1, 2, 3 existed, their company numbers would be between
2080642 (2008) and 2463133 (No. 4, 2010).
RECOMMENDATION
==============
Search the NZ Companies Office directly for companies with numbers
between 2080642 and 2463133 that may have been dissolved, to determine
if NIT No. 1, 2, 3 ever existed.