KINGDOM BANK LIMITED

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

  +28.4%

  £6,553,000 → £8,412,000

• Cash

  +13.2%

  £34,064,000 → £38,548,000

• Net assets

  +57.1%

  £9,876,000 → £15,512,000

• Employees

  +20%

  35 → 42

• Operating profit

  -2.3%

  £665,000 → £650,000

• Profit before tax

  -48.7%

  £665,000 → £341,000

• Wages

  +25.7%

  £1,676,000 → £2,107,000

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. KINGDOM BANK LIMITED 2002-01-30 → present
2. KINGDOM BANKING LIMITED 2002-01-03 → 2002-01-30

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the directors have formed a judgement, at the time of approving the financial statements, that the Bank can have a reasonable expectation that adequate resources will be available for it to continue its operations for at least 12 months from the date these financial statements are approved, and consequently it is appropriate to adopt the going concern principle in the preparation of the financial statements.”

Significant events

• “Our statutory profit before tax of £341k reflects the first tranche of investment of £309k in new systems for both core banking and a customer front-end.”
• “Pod Bhogal joined the Bank in that role in March 2024, bringing with him extensive experience of brand growth and communications.”
• “Most significantly in terms of its operational systems, the Bank took the decision during the year to migrate its core banking to the Temenos T24 platform, with a new customer-facing platform provided by Sandstone.”
• “At a board level I remained honoured to have been asked to take on the role of Bank Chair from David Swanney in March 2024.”

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

Filings

6

last 12 months

Capital events

5

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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