ZENITH BANK (UK) LIMITED

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

• Turnover

  -19.7%

  £79,391,177 → £63,752,776

• Cash

  +74%

  £206,376,293 → £358,999,282

• Net assets

  +13.7%

  £251,193,377 → £285,679,372

• Employees

  +8.1%

  135 → 146

• Operating profit

  -34.7%

  £54,993,440 → £35,904,714

• Profit before tax

  -22.7%

  £54,417,023 → £42,053,425

• Wages

  +2.4%

  £12,595,309 → £12,903,490

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that it is appropriate to continue to adopt the going concern basis in preparing the Bank's financial statements.”

Significant events

• “The year witnessed significant global economic, social, and political events which influenced industries, particularly in the US Federal Reserve, the Bank of England, and the European Central Bank, started reducing interest rates, altering cautious optimism.”
• “In the US, the Federal Reserve's decision to lower rates sparked a wave of capital returning to riskier assets, boosting investor confidence.”
• “The easing of global monetary policy came with its complications, including a renewed focus on credit risk. Anticipated rising defaults across developed and emerging markets required careful assessments, particularly for ZBUK's significantly exposed in sub-Saharan Africa, Nigeria, macro-economic instability, including inflation and the depreciating Naira, overshadowed slight recovery in the Oil sector.”
• “In Africa, geopolitical ripples exacerbated trade imbalances, especially in Ghana and Nigeria.”

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

0

last 24 months

Officers appointed

1

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.