ICBC (LONDON) PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-16 (in 5mo)
Last made up 2025-10-02
Watchouts
None on the register
Cash
£33M
USD 43,857,000
-77.7% vs 2023
Net assets
£407M
USD 544,650,000
+8.7% vs 2023
Employees
185
+3.4% vs 2023
Profit before tax
£41M
USD 54,841,000
+58.7% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £48,474,247 | £60,151,005 | |
| Operating profit | £25,840,622 | £40,996,487 | |
| Profit before tax | £25,840,622 | £40,996,487 | |
| Net profit | £19,537,265 | £29,650,146 | |
| Cash | £146,789,265 | £32,785,378 | |
| Total assets less current liabilities | — | — | |
| Net assets | £374,545,862 | £407,154,070 | |
| Equity | £374,545,862 | £407,154,070 | |
| Average employees | 179 | 185 | |
| Wages | £24,358,974 | £23,491,067 | |
| Directors' remuneration | £2,485,610 | £1,738,058 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+24.1%
£48,474,247 £60,151,005
-
Cash
-77.7%
£146,789,265 £32,785,378
-
Net assets
+8.7%
£374,545,862 £407,154,070
-
Employees
+3.4%
179 185
-
Operating profit
+58.7%
£25,840,622 £40,996,487
-
Profit before tax
+58.7%
£25,840,622 £40,996,487
-
Wages
-3.6%
£24,358,974 £23,491,067
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 53.3% | 68.2% | |
| Net margin | 40.3% | 49.3% | |
| Gearing (liabilities / total assets) | 66.9% | 68.0% | |
| Interest cover | 1.19x | 2.24x |
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 1 time since incorporation
- ICBC (LONDON) PLC 2011-05-26 → present
- ICBC (LONDON) LIMITED 2002-10-03 → 2011-05-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that the Bank has sufficient capital and liquidity resources to continue in business for the foreseeable future under the stressed scenarios. Further, the Directors are not aware of any material uncertainties that may cast significant doubt upon the Bank's ability to continue as a going concern.”
Significant events
- “The Bank was subject to a cyber incident during the year. None of our core systems or live system data was impacted and the Bank continued its normal business services during this time. The Bank suffered no direct operational losses and have no contigent liabilities as a result of the incident.”
- “During the year the Bank completed its exit from the UK retail business. The Bank had a very small legacy retail offering which did not form part of the core business of the Bank.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SIDDIQUI, Asim Saeed | Secretary | 2020-02-26 | — | — |
| ADAMS, Giles Franklin Walton | Director | 2024-04-17 | Mar 1963 | British |
| CUI, Hui | Director | 2023-04-12 | Jan 1976 | Chinese |
| GEMES, Alan | Director | 2018-09-06 | Jun 1956 | British |
| HU, Fang | Director | 2023-04-12 | Apr 1975 | Chinese |
| LIN, Qingsheng | Director | 2017-11-08 | Jul 1968 | Chinese |
| LIU, Jianjun | Director | 2023-07-06 | Jul 1970 | Chinese |
| TOSEN, Graeme | Director | 2020-02-26 | Oct 1976 | British |
| ZHANG, Weiwu | Director | 2021-10-14 | Dec 1975 | Chinese |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOATH, Josephine Anderson | Secretary | 2002-10-03 | 2002-10-03 |
| HILL, Denise Patricia | Secretary | 2003-10-06 | 2003-11-27 |
| KERR, John | Secretary | 2003-10-06 | 2019-12-31 |
| LIU, Jin | Secretary | 2002-10-03 | 2003-02-20 |
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2003-05-20 | 2003-10-06 |
| CHEN, Jin | Director | 2014-03-01 | 2016-11-09 |
| GOSHAWK, Peter Richard | Director | 2015-04-23 | 2018-08-31 |
| GU, Shu, Dr | Director | 2014-11-20 | 2017-08-17 |
| HAN, Ruixiang | Director | 2016-08-11 | 2023-04-12 |
| HU, Hao, Dr. | Director | 2017-05-18 | 2020-02-26 |
| JIANG, Bo | Director | 2011-11-30 | 2014-12-12 |
| KERR, John | Director | 2015-09-15 | 2019-12-31 |
| LACY, Edwin Stanley, Mr. | Director | 2003-07-01 | 2015-10-22 |
| LAN, Li | Director | 2012-04-23 | 2017-11-07 |
| NEWTON, David | Director | 2015-04-23 | 2024-04-22 |
| PAN, Kang | Director | 2002-10-03 | 2006-05-26 |
| PENNY, Graham | Director | 2003-05-20 | 2015-10-22 |
| TAO, Mei | Director | 2006-05-26 | 2007-11-30 |
| TIAN, Zhiping | Director | 2013-02-28 | 2013-10-28 |
| WANG, Lili | Director | 2003-05-20 | 2014-11-20 |
| XU, Jinlei | Director | 2005-03-17 | 2013-02-28 |
| YUAN, Shuyi | Director | 2014-12-16 | 2023-09-30 |
| ZHANG, Kexin | Director | 2003-05-20 | 2005-03-17 |
| ZHAO, Jingfen | Director | 2007-11-30 | 2011-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Industrial And Commercial Bank Of China Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-20 | AUD | auditors | Auditors resignation company | |
| 2025-10-16 | AUD | auditors | Auditors resignation company | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-11 | AA | accounts | Accounts with accounts type full | |
| 2024-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-12 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-31 | AA | accounts | Accounts with accounts type full | |
| 2021-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-09 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.