BANK SEPAH INTERNATIONAL PLC
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Cash
—
Latest balance sheet
Net assets
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Equity attributable
Employees
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Average over period
Profit before tax
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Period ending 2026-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The Bank is subject to direct UK and UN sanctions, resulting in freezing of its assets. Consequently, the Bank is required to obtain licenses from the OFSI and the UN to make payments to settle its liabilities as they fall due during the going concern period.
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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 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £6,441,000 | £6,516,000 | +1.2% | |
| Fee & commission income | — | -£77,000 | -£62,000 | +19.5% | |
| Operating income | — | £6,433,000 | £6,524,000 | +1.4% | |
| Impairment losses | — | -£12,000 | £1,794,000 | +15,050% | |
| Profit before tax | £171,043 | £859,721 | — | — | |
| Net profit | £179,595 | £641,658 | — | — | |
| Loans & advances to customers | — | £399,000 | £510,000 | +27.8% | |
| Customer deposits | — | £1,958,000 | £1,930,000 | -1.4% | |
| Total assets | £268,088,600 | £263,321,079 | — | — | |
| Total liabilities | £120,982,639 | £14,239,000 | £144,455,000 | +914.5% | |
| Equity | £147,105,961 | £144,355,418 | — | — | |
| Average employees | 31 | 31 | — | — |
Values shown as filed in the company's annual accounts. — 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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 2.1% | 10.2% | — | |
| Net margin | 2.2% | 7.6% | — | |
| Gearing (liabilities / total assets) | 45.1% | 45.2% | — | |
| Current ratio | 24.87x | 23.54x | — | |
| Interest cover | 66.66x | 0.28x | — |
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 2 times since incorporation
- BANK SEPAH INTERNATIONAL PLC 2001-11-27 → present
- SEPAH INTERNATIONAL LIMITED 2001-04-25 → 2001-11-27
- 3228TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2001-03-29 → 2001-04-25
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnsons Financial Management Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Bank is subject to direct UK and UN sanctions, resulting in freezing of its assets. Consequently, the Bank is required to obtain licenses from the OFSI and the UN to make payments to settle its liabilities as they fall due during the going concern period.”
Significant events
- “The imposition of sanctions on the Bank on 28 September 2025 resulted in an asset freeze which has introduced significantly greater risks this year.”
- “A Memorandum of Understanding between Iran and the United States was signed on 17 June 2026 which sets out a framework for future negotiations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOCK, Stephen John | Secretary | 2021-04-16 | — | — |
| ANTHONY, Julian Peter | Director | 2019-03-25 | Nov 1955 | British |
| COLEMAN, Ian | Director | 2016-07-01 | Feb 1960 | British |
| EGLINTON, Kenneth Philip | Director | 2025-01-01 | Feb 1957 | British |
| FATEMI, Mohammad Reza | Director | 2001-12-28 | Jul 1955 | Iranian |
| HOSSEINI, Seyed Mahdi | Director | 2022-10-24 | Jul 1975 | Iranian |
| PICKIN, Charles William | Director | 2025-10-01 | May 1968 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AMINI, Nina | Secretary | 2016-03-22 | 2017-11-10 |
| BAUMANN, Anthony William | Secretary | 2006-10-11 | 2016-03-22 |
| CROWLEY, Joseph | Secretary | 2017-10-24 | 2019-08-16 |
| FERNANDO, Vijay | Secretary | 2002-07-25 | 2006-10-11 |
| HARDING, Jenny | Secretary | 2019-08-16 | 2021-04-16 |
| HOMAYOUNI, Mohammad | Secretary | 2001-04-24 | 2001-11-16 |
| SISEC LIMITED | Corporate Secretary | 2001-11-16 | 2002-09-16 |
| SISEC LIMITED | Corporate Nominee Secretary | 2001-03-29 | 2001-04-25 |
| AKHLAGHI FEIZASAR, Hadi | Director | 2018-12-19 | 2022-03-31 |
| ANGEL, Robert Evan Stanley | Director | 2017-04-01 | 2025-03-31 |
| CHAGHAZARDY, Mohammad Kazem | Director | 2016-05-26 | 2018-12-12 |
| CONSTANT, Brian Page | Director | 2001-11-06 | 2009-06-30 |
| DERAKHSHANDEH, Ahmad | Director | 2006-01-03 | 2007-03-26 |
| EMADI ALLAHYARI, Abdollah | Director | 2001-04-24 | 2004-01-14 |
| ENGLAND, Roy | Director | 2001-11-06 | 2017-03-31 |
| HOMAYOUNI, Mohammad | Director | 2001-04-24 | 2012-10-31 |
| KHAVARI, Mahmoud Reza | Director | 2003-11-30 | 2005-11-10 |
| KHORSANDI, Mohammad Reza | Director | 2010-03-04 | 2026-06-10 |
| SHIRANI CHAHAR SUGHI, Ali Reza | Director | 2001-11-06 | 2003-12-09 |
| SWANNEY, William David Reid | Director | 2021-07-01 | 2025-06-30 |
| SWANNEY, William David Reid | Director | 2004-03-31 | 2019-02-28 |
| TAHERI ASHTIANI, Gholam Reza | Director | 2001-11-06 | 2008-10-31 |
| LOVITING LIMITED | Corporate Nominee Director | 2001-03-29 | 2001-04-24 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Nominee Director | 2001-03-29 | 2001-04-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bank Sepah Iran | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type full | |
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-16 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-25 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-09 | AA | accounts | Accounts with accounts type full | |
| 2022-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-14 | AA | accounts | Accounts with accounts type full | |
| 2021-07-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-07-13 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.