METRO BANK PLC
Get an alert when METRO BANK PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-23 (in 1mo)
Last made up 2025-06-09
Watchouts
None on the register
Cash
£3B
-27.7% vs 2023
Net assets
£1B
+3.6% vs 2023
Employees
3,455
-19.4% vs 2023
Profit before tax
-£208M
-520.9% 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 | £648,900,000 | £406,200,000 | |
| Operating profit | £37,300,000 | -£208,000,000 | |
| Profit before tax | £49,300,000 | -£207,500,000 | |
| Net profit | £48,300,000 | £45,600,000 | |
| Cash | £3,889,000,000 | £2,811,000,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £1,163,000,000 | £1,205,000,000 | |
| Equity | £1,163,000,000 | £1,205,000,000 | |
| Average employees | 4,286 | 3,455 | |
| Wages | £201,700,000 | £174,000,000 | |
| Directors' remuneration | £8,200,000 | £7,100,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-37.4%
£648,900,000 £406,200,000
-
Cash
-27.7%
£3,889,000,000 £2,811,000,000
-
Net assets
+3.6%
£1,163,000,000 £1,205,000,000
-
Employees
-19.4%
4,286 3,455
-
Operating profit
-657.6%
£37,300,000 -£208,000,000
-
Profit before tax
-520.9%
£49,300,000 -£207,500,000
-
Wages
-13.7%
£201,700,000 £174,000,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.7% | -51.2% | |
| Net margin | 7.4% | 11.2% | |
| Gearing (liabilities / total assets) | 94.8% | 93.2% | |
| Interest cover | 0.05x | -0.24x |
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
- METRO BANK PLC 2009-09-29 → present
- METRO BANK LIMITED 2007-11-06 → 2009-09-29
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have reviewed the going concern assessment prepared by the Directors over a period of at least 15 months from the date of approval of the financial statements and concluded that there are no material uncertainties to going concern that would cast significant doubt over the Company's ability to continue as a going concern.”
Group structure
- METRO BANK PLC · parent
- SME Invoice Finance Ltd 1%
- SME Asset Finance Ltd 1%
- MBM Finance Limited 1%
Significant events
- “2024 has been a year of transformation with Metro Bank returning to underlying profitability in H2, ahead of guidance, thanks to our continued emphasis on cost discipline and balance sheet management.”
- “In Q4 2023, we completed a £92.5 billion residential mortgage portfolio sale to NatWest Group PLC for a total cash consideration of c.£2.5 billion.”
- “In October 2024, Metro Bank announced a strategic collaboration with Infosys which will enhance Metro Bank's digital capabilities, drive automation, refine data, and embed further AI capabilities.”
- “November 2024 saw the resolution of the FCA's enquiries into transaction monitoring systems and controls that began in 2016 and were remediated by 2020.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GILLIGAN, Clare | Secretary | 2023-07-31 | — | — |
| ALBA OCHOA, Cristina | Director | 2024-06-10 | Aug 1973 | Spanish |
| BROWN, Catherine Ann | Director | 2018-10-01 | Mar 1966 | British |
| COBY, Paul Jonathan | Director | 2024-12-30 | Oct 1955 | British |
| DORAN, Catherine Martina | Director | 2026-01-01 | Sep 1956 | Irish |
| FRUMKIN, Daniel Sweeney | Director | 2020-01-01 | Jun 1964 | British,American |
| GILINSKI, Dorita | Director | 2022-09-26 | Oct 1989 | American,Spanish |
| GILINSKI BACAL, Jaime | Director | 2024-09-02 | Dec 1957 | Panamanian |
| PAGE, Marc Stephen | Director | 2024-11-12 | Dec 1973 | British |
| SHARPE, Robert | Director | 2020-11-01 | Feb 1949 | British |
| THANDI, Pavandeep Paul | Director | 2019-01-01 | Feb 1966 | British |
| TORPEY, Michael Gerard | Director | 2019-09-01 | Apr 1959 | Irish |
| WINSOR, Nicholas Gary | Director | 2020-04-20 | Jul 1961 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARDEN, David Thomas | Secretary | 2018-03-29 | 2020-12-01 |
| BRIERLEY, Michael Charles | Secretary | 2009-07-20 | 2018-03-29 |
| CONWAY, Melissa Ann | Secretary | 2020-12-01 | 2022-12-31 |
| WALLACE, Stephanie | Secretary | 2022-12-31 | 2023-07-31 |
| HCS SECRETARIAL LIMITED | Corporate Nominee Secretary | 2007-11-06 | 2007-11-06 |
| UPPER STREET COMPANY SECRETARIES LTD | Corporate Secretary | 2007-11-07 | 2009-07-20 |
| ARDEN, David Thomas | Director | 2018-03-29 | 2022-02-15 |
| BERNAU, Stuart David Murray | Director | 2010-03-05 | 2020-05-18 |
| BRIERLEY, Michael Charles | Director | 2010-03-05 | 2018-03-29 |
| CARBY, Keith Arthur | Director | 2010-03-05 | 2019-04-30 |
| CLARK, Sally Jane | Director | 2020-01-01 | 2022-06-30 |
| DONALDSON, Craig Francis | Director | 2010-03-05 | 2019-12-31 |
| FARAH, Roger | Director | 2014-02-01 | 2020-03-13 |
| FLIGHT, Howard Emerson | Director | 2010-03-05 | 2019-04-01 |
| GRIM, Anne Marie | Director | 2020-04-20 | 2023-12-31 |
| GUNN, Alastair Roy Geoffrey | Director | 2010-03-05 | 2019-12-31 |
| HARDIE, Graeme | Director | 2010-10-18 | 2013-05-01 |
| HENDERSON, Ian Arthur | Director | 2020-04-20 | 2023-12-31 |
| HILL, Vernon William | Director | 2008-08-18 | 2019-12-17 |
| HOPKINSON, James William Alistair, Mr. | Director | 2022-09-05 | 2024-01-12 |
| JOHNSON, Luke | Director | 2011-10-01 | 2014-10-03 |
| LOCKHART, Harry Eugene | Director | 2010-03-05 | 2020-04-28 |
| MELIS, Anna Monique | Director | 2017-06-20 | 2023-12-31 |
| REUBEN, James Adam | Director | 2011-10-01 | 2015-01-20 |
| SNYDER, Michael John, Sir | Director | 2015-09-22 | 2021-10-31 |
| THOMSON, Anthony William | Director | 2007-11-07 | 2012-09-21 |
| HANOVER DIRECTORS LIMITED | Corporate Nominee Director | 2007-11-06 | 2007-11-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metro Bank Holdings Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-05-19 | Active |
Filing timeline
Last 20 of 232 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CH01 | officers | Change person director company with change date | |
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-27 | AA | accounts | Accounts with accounts type group | |
| 2025-04-08 | SH07 | capital | Capital cancellation shares by plc | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-21 | CH01 | officers | Change person director company with change date | |
| 2024-06-23 | AA | accounts | Accounts with accounts type group | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-17 | SH01 | capital | Capital allotment shares | |
| 2024-01-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-07-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-07-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 1
- 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.