DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +20.5%

  £32,153,000 → £38,750,000

• Cash

  +1.2%

  £1,127,495,000 → £1,140,648,000

• Net assets

  +6.5%

  £356,361,000 → £379,566,000

• Employees

  +0.7%

  281 → 283

• Operating profit

  -91.8%

  £44,619,000 → £3,647,000

• Profit before tax

  -45.3%

  £40,776,000 → £22,310,000

• Wages

  +3.8%

  £16,860,000 → £17,495,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY 2017-10-06 → present
2. FINANCE WALES PUBLIC LIMITED COMPANY 2000-08-18 → 2017-10-06

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors, at the time of approving the financial statements, have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, which reflects a period of at least 12 months from the date of approval of the financial statements and have concluded that there are no material uncertainties relating to going concern.”

Group structure

1. DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY · parent
   1. DBW Holdings Limited 100% · UK · financial services
   2. DBW Services Limited 100% · UK · financial services
   3. DBW Managers Limited 100% · UK · financial services
   4. 1st Choice Auto Body Group UK Ltd 100% · UK
   5. Afferent Medical Solutions Ltd 100% · UK
   6. Against International Ltd 100% · UK

Significant events

• “2024/25 saw our team help 502 businesses to create and safeguard 6,185 jobs across Wales, with debt and equity funding totalling £152 million.”
• “The Group recorded a £22.3 million profit before tax, compared with a £40.8 million profit before tax for the previous year. The reduction in profit before tax is primarily driven by a £7.4 million reduction in European Regional Development Fund (‘ERDF’) grant release and an £18.9 million increase in equity book fair value losses.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.