BANK OF THE PHILIPPINE ISLANDS (EUROPE) PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-10 (in 3mo)
Last made up 2025-07-27
Watchouts
None on the register
Cash
£4K
USD 5,029
+53,600% vs 2023
Net assets
£91M
USD 121,285,216
-0.5% vs 2023
Employees
20
-13% vs 2023
Profit before tax
-£596K
USD -797,125
+22.3% 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 | — | — | |
| Operating profit | -£755,509 | £637,040 | |
| Profit before tax | -£767,299 | -£595,892 | |
| Net profit | -£576,728 | -£448,790 | |
| Cash | £7 | £3,759 | |
| Total assets less current liabilities | — | — | |
| Net assets | £91,115,767 | £90,666,978 | |
| Equity | £91,115,767 | £90,666,978 | |
| Average employees | 23 | 20 | |
| Wages | £1,255,552 | £1,240,356 | |
| Directors' remuneration | £292,590 | £332,841 |
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
—
Not reported
-
Cash
+53,600%
£7 £3,759
-
Net assets
-0.5%
£91,115,767 £90,666,978
-
Employees
-13%
23 20
-
Operating profit
+184.3%
-£755,509 £637,040
-
Profit before tax
+22.3%
-£767,299 -£595,892
-
Wages
-1.2%
£1,255,552 £1,240,356
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 39.4% | 47.0% | |
| Interest cover | -0.20x | 0.18x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“BPI Europe remains a going concern, underpinned by a strong capital base and robust liquidity position that comfortably exceed regulatory requirements. Despite reporting a third consecutive annual loss due to a specific credit provision, the bank remains well-capitalised and highly liquid, with a clear strategy in place to return to profitability.”
Significant events
- “On 29 January 2025, the bank has decided to divest its exposure to the fixed income security at a loss of $2.3 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LU, Chi Wai | Secretary | 2006-07-27 | — | Other |
| GASMEN, Dino Rudyardo | Director | 2021-09-27 | Aug 1966 | Filipino |
| LIMCAOCO, Jose Teodoro Katigbak | Director | 2021-06-28 | Apr 1962 | Filipino |
| MARCIAL, Maria Theresa Dela Pena | Director | 2020-01-01 | Jun 1970 | Filipino |
| O'NEIL, Martin Lynch, Mr. | Director | 2017-04-03 | Jun 1960 | American |
| REOCH, Robert David | Director | 2014-09-19 | May 1963 | British |
| SHAPLAND, Alexander John | Director | 2019-04-29 | May 1960 | British |
| YULO, Lizbeth Joan Pek | Director | 2018-08-16 | Jun 1968 | Filipino |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APEX COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2006-07-27 | 2006-07-27 |
| CONSING, Cezar Peralta | Director | 2014-08-27 | 2021-11-30 |
| GAYARES, Marita Socorro Domingo | Director | 2019-06-24 | 2021-09-27 |
| MADRILEJO, Edgardo Ocampo, Mr. | Director | 2006-07-27 | 2019-06-24 |
| MICHELL, Simon Charles, Mr. | Director | 2007-05-25 | 2014-06-10 |
| MONTINOLA, Aurelio Reyes, Mr. | Director | 2006-07-27 | 2016-06-27 |
| NOCHE, Jose Lopez Del Castillo, Mr. | Director | 2006-07-27 | 2008-09-30 |
| OPULENCIA, Ramon Gonzales, Mr. | Director | 2014-06-13 | 2018-10-01 |
| PANER, Mario Antonio, Mr. | Director | 2012-02-21 | 2019-12-31 |
| REED, John | Director | 2009-06-24 | 2019-05-01 |
| RICH, Nigel Mervyn Sutherland | Director | 2007-05-25 | 2014-06-10 |
| TAN, Alexander Iii Balan, Mr. | Director | 2006-07-27 | 2016-12-23 |
| TAN, Teresita, Ms. | Director | 2006-07-27 | 2011-12-31 |
| APEX COMPANY SERVICES LIMITED | Corporate Nominee Director | 2006-07-27 | 2006-07-27 |
| APEX NOMINEES LIMITED | Corporate Nominee Director | 2006-07-27 | 2006-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jose Teodoro Katigbak Limcaoco | Individual | Significant influence | 2021-06-28 | Active |
| Mr Cezar Peralta Consing | Individual | Significant influence | 2018-01-01 | Ceased 2021-11-30 |
| Miss Lizbeth Joan Pek Yulo | Individual | Significant influence | 2018-01-01 | Active |
Filing timeline
Last 20 of 114 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-05-01 | CH01 | officers | Change person director company with change date | |
| 2025-04-30 | CH01 | officers | Change person director company with change date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-27 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-26 | AA | accounts | Accounts with accounts type full | |
| 2023-02-01 | SH14 | capital | Capital redomination of shares | |
| 2023-01-30 | RESOLUTIONS | resolution | Resolution | |
| 2022-08-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-28 | AA | accounts | Accounts with accounts type full | |
| 2021-12-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-12-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-12 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.