BANK SADERAT PLC
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Cash
—
Latest balance sheet
Net assets
£168M
EUR 196,267,326
+0.1% vs 2024
Employees
11
-21.4% lowest in 3 filed years
Profit before tax
£145K
EUR 169,477
-92.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Nonetheless, the continuing uncertainty surrounding correspondent banking relationships and the broader geopolitical environment represent a material uncertainty that may cast significant doubt on the Bank's ability to continue as a going concern.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £5,719,840 | £3,870,101 | -32.3% | |
| Fee & commission income | — | £17,354 | £27,523 | +58.6% | |
| Operating income | — | — | — | — | |
| Impairment losses | — | £674,041 | £827,822 | +22.8% | |
| Profit before tax | £1,425,746 | £1,963,931 | £145,287 | -92.6% | |
| Net profit | £1,070,564 | £1,390,247 | £151,074 | -89.1% | |
| Loans & advances to customers | — | £1,588,155 | £8,853,156 | +457.4% | |
| Customer deposits | — | £3,030,966 | £2,856,154 | -5.8% | |
| Total assets | £192,025,075 | £194,659,932 | £193,772,368 | -0.5% | |
| Total liabilities | — | — | — | — | |
| Equity | £166,711,852 | £168,102,099 | £168,253,173 | +0.1% | |
| Average employees | 15 | 14 | 11 | -21.4% |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 97.8% | 98.6% | — | |
| Net margin | 22.7% | 24.1% | — | |
| Return on capital employed | 2.8% | 3.4% | — | |
| Gearing (liabilities / total assets) | 13.2% | 13.6% | 13.2% | |
| Current ratio | 7.17x | 7.16x | — |
Margins divide P&L lines by turnover. 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 3 times since incorporation
- BANK SADERAT PLC 2002-03-14 → present
- IRAN OVERSEAS INVESTMENT BANK PLC 1987-12-23 → 2002-03-14
- IRAN OVERSEAS INVESTMENT CORPORATION LIMITED 1981-12-31 → 1987-12-23
- IRAN OVERSEAS INVESTMENT BANK LIMITED 1973-08-03 → 1981-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Nonetheless, the continuing uncertainty surrounding correspondent banking relationships and the broader geopolitical environment represent a material uncertainty that may cast significant doubt on the Bank's ability to continue as a going concern.”
Significant events
- “The UK snapback sanction on 29 September 2025, has significantly impacted the business environment, caused disruption to its operations.”
- “The war that began on 28 February 2026, following military strikes on Iran and the subsequent regional escalation, has significantly impacted the business environment and financial markets. As a result, the Bank has experienced a decline in interest income and disruptions to its normal business operations.”
- “In November 2018, the Government of the United States of America, unilaterally re-imposed secondary sanction on Iranian financial institutions resulting in de-risking by the banking sector in UK and globally, further hampering business development of the Bank.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NICHOLAS, Dominic | Secretary | 2023-12-29 | — | — |
| BORHANI, Hamid | Director | — | Jan 1952 | Iranian |
| SEIFI KAFSHGARI, Mohsen | Director | 2024-10-19 | Sep 1984 | Iranian |
| SPEEDY, Robert John | Director | 2009-01-01 | Oct 1947 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLISON, Douglas Forbes | Secretary | 1993-05-24 | 1997-08-15 |
| ARAM, Borzou | Secretary | 2019-09-11 | 2020-08-31 |
| BAILEY, Michael Patrick | Secretary | 2017-12-07 | 2019-06-30 |
| BERRY, Norman | Secretary | 1992-03-31 | 1993-05-24 |
| DIAB, Elie Tannous | Secretary | 1998-02-20 | 2003-03-31 |
| GIBBS, Kenneth Anthony | Secretary | — | 1992-03-31 |
| JENKINS, Clive Lawson Tilsley | Secretary | 2003-04-01 | 2004-12-01 |
| JENKINS, Clive Lawson Tilsley | Secretary | 1997-08-16 | 1998-02-20 |
| PECKHAM, Lloyd David | Secretary | 2004-12-01 | 2006-09-01 |
| SPEEDY, Robert John | Secretary | 2006-09-07 | 2007-09-06 |
| SUDHAN, David Samson | Secretary | 2020-09-01 | 2023-12-29 |
| WETTON, Richard George | Secretary | 2007-09-06 | 2017-12-07 |
| AMIRASLANI, Assadollah | Director | — | 2000-07-21 |
| ARABZADEH JAMALI, Ebrahim | Director | 2002-06-08 | 2005-08-23 |
| ARAMI PARCHEBAF, Morteza | Director | — | 1998-01-27 |
| AZIMI NOBAR, Aziz | Director | 2000-02-21 | 2004-03-08 |
| AZIZI, Ahmad | Director | 1998-05-13 | 2000-12-12 |
| BEHESHTI ROUY, Mostafa | Director | — | 1998-05-23 |
| HARATI NIK, Mojtaba | Director | 1994-03-15 | 1998-05-13 |
| HATAMI YAZD, Ahmad | Director | 2001-11-16 | 2004-12-15 |
| HOSSEINI HASHEMI, Sayed Bahaeddini | Director | 2004-11-30 | 2005-11-18 |
| IMANY, Seyed Zia | Director | 2022-11-16 | 2024-10-04 |
| IRANZAD, Shahrokh | Director | 2001-11-16 | 2011-09-15 |
| KHODABANDEHLOO, Morad | Director | 1994-09-15 | 2000-02-21 |
| KHODABANDEHLOU, Morad | Director | — | 1994-03-15 |
| LACY, Edwin Stanley | Director | 2001-11-16 | 2008-12-31 |
| LALEH GANI, Esmaeil | Director | 2015-07-28 | 2017-01-06 |
| MANOUCHEHRI, Sasan | Director | 1998-01-27 | 2001-11-16 |
| MEMARZADEH, Ghafour | Director | 1994-01-26 | 2001-11-16 |
| MOGHADDAM, Faridoun Tauhidi | Director | 2000-07-21 | 2000-09-19 |
| MOGHADDASI, Mohammad Reza | Director | 1996-05-11 | 2000-01-26 |
| NADIMI BOUSHEHRI, Abdol Rahman | Director | 2000-12-12 | 2001-11-16 |
| NAGHSHINEH, Siavash | Director | — | 1994-01-26 |
| PISHROW, Mohammad Reza | Director | 2011-12-19 | 2015-07-28 |
| RAZAVI, Seyed Sharif | Director | 2000-01-26 | 2001-11-16 |
| RAZAVI FALLAHIEH, Sayed Sharif | Director | — | 1994-09-15 |
| REID, David John, Dr | Director | 2001-11-16 | 2025-12-31 |
| REZA MESKARIAN, Mohammad | Director | 1998-05-23 | 2001-11-16 |
| SANDIANI, Siavash Zeraati | Director | 2016-11-01 | 2018-02-25 |
| SAYDI, Hojatollah, Dr | Director | 2018-09-13 | 2022-11-16 |
| SAYDI, Hojatollah, Dr | Director | 2010-06-15 | 2011-12-19 |
| SEIF, Valiollah | Director | 2000-09-19 | 2001-11-16 |
| SEIF, Valiullah | Director | — | 1996-05-11 |
| SETAYESHI, Mohamad Sadegh | Director | — | 1992-05-02 |
| TEHRANFAR, Hamid | Director | 2017-01-06 | 2018-09-13 |
| ZIAIE, Javad | Director | 1992-05-02 | 2001-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mohsen Seifi Kafshgari | Individual | Significant influence | 2024-10-19 | Active |
| Mr Seyed Ziya Imany | Individual | Significant influence | 2022-11-16 | Ceased 2024-10-04 |
| Bank Saderat Iran | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 259 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type full | |
| 2026-03-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-03 | CH01 | officers | Change person director company with change date | |
| 2026-03-03 | CH01 | officers | Change person director company with change date | |
| 2025-05-16 | AUD | auditors | Auditors resignation company | |
| 2025-04-22 | AA | accounts | Accounts with accounts type full | |
| 2025-01-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-09 | AA | accounts | Accounts with accounts type full | |
| 2024-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-04 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.