TSB BANK PLC - Profile & Financials

Accounts Submitted 27 Feb 2025

Confirmation Statement Submitted 31 Jan 2025

Net assets £2120.70M £166.10M 2024 year on year

Total assets £46099.10M £1553.80M 2024 year on year

Total Liabilities £0.00

Charges 13

4 outstanding 9 satisfied

AI Analysis

Analyze director networks, ownership patterns, and company connections

CompanyTrack AI can make mistakes. Check important info.

Contact & Details

Contact

Update Details

Registered Address

Henry Duncan House 120 George Street Edinburgh EH2 4LH

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 BANK PLC's Credit Score, limit, and payment likelihood.

Mutual Companies

See All Mutual Companies

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 (2018–2024)

Cash in Bank

N/A

Net Assets

£2120.70M

Increased by £166.10M (+8%)

Total Liabilities

N/A

Turnover

£1137.00M

Decreased by £19.70M (-2%)

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

£86k awarded

Show:

Investors (0)

No investor information available

Officers

11 active 91 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 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
Morten Nicolai Friis	Director	Canadian,norwegian	Canada	73	1 Apr 2024	Active

Shareholders

Shareholders (3)


Tsb Banking Group Plc	100.0%	7,945,000,100	Ordinary	9 Apr 2015
Tsb Intermediate Company 2 Limited	0.0%	0	Ordinary	9 Apr 2015
Lloyds Bank Plc	0.0%	0	Ordinary	9 Apr 2015

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Tsb Banking Group Plc

United Kingdom

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

See All Controllers

Group Structure

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

BANCO DE SABADELL, S.A. spain

TSB BANK PLC Current Company

TSB COVERED BONDS LLP united kingdom voting rights 50 to 75 percent limited liability partnership, right to share surplus assets 75 to 100 percent limited liability partnership, appoint/remove members limited liability partnership

TSB SCOTLAND (INVESTMENT) NOMINEES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

TSB SCOTLAND NOMINEES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

4 outstanding 9 satisfied

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)
27 Feb 2025	Accounts	Annual accounts made up to 2024-12-31	View(115 pages)