TSB BANKING GROUP PLC - Profile & Financials

Accounts Submitted 13 Feb 2025

Confirmation Statement Submitted 31 Jan 2025

Net assets £2428.10M £349.90M 2024 year on year

Total assets £46100.90M £1551.80M 2024 year on year

Total Liabilities £0.00

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

19th Floor 8 Bishopsgate London EC2N 4BQ England

Office (Edinburgh)

16b Lady Rd, Edinburgh EH16 5PB

Telephone

0345 835 3843

avni.raval@tsb.co.uk

Website

tsb.co.uk

Credit Report

Discover TSB BANKING GROUP PLC's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

N/A

Net Assets

£2428.10M

Increased by £349.90M (+17%)

Total Liabilities

N/A

Turnover

£1142.40M

Decreased by £16.00M (-1%)

Employees

5047

Decreased by 521 (-9%)

Debt Ratio

N/A

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

12 active 32 resigned

Show resigned officers

						Status
Adam Banks	Director	British	England	55	8 Feb 2021	Active
Ahmed Essameldin Ahmed Aboushelbaya	Director	British	United Kingdom	49	17 Mar 2023	Active
Carlos Bas Short	Secretary	Unknown	Unknown	—	30 Jun 2015	Active
Carlos Paz Rubio	Director	Spanish	England	51	22 Mar 2022	Active
Elizabeth Grace Chambers	Director	American	United States	63	1 Oct 2020	Active
Judith Elizabeth Eden	Director	British	England	61	1 Jan 2024	Active
Keith Graham Hawkins	Secretary	Unknown	Unknown	—	1 Jan 2019	Active
Marc Armengol Dulcet	Director	Spanish	England	49	20 Mar 2025	Active

Shareholders

Shareholders (1)


Banco De Sabadell, S.a.	100.0%	500,000,000	Ordinary	9 Feb 2017

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Banco De Sabadell, S.a.

Spain

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

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Group Structure

BANCO DE SABADELL, S.A. spain

TSB BANKING GROUP PLC Current Company

TSB BANK PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
1 Sept 2025	Officers	Termination of Declan Joseph Hourican as director on 2025-08-31	View(1 page)
3 Apr 2025	Officers	Change to director Mr Marc Armengol Dulcet on 2025-03-20	View(2 pages)
3 Apr 2025	Officers	Appointment of Mr Marc Armengol Dulcet as director on 2025-03-20	View(2 pages)
31 Mar 2025	Officers	Termination of Robert James Mackenzie Bulloch as director on 2025-03-20	View(1 page)
13 Feb 2025	Accounts	Annual accounts made up to 2024-12-31	View(142 pages)