FCMB 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

  +14.1%

  £23,700,315 → £27,042,463

• Cash

  -3.1%

  £5,605,548 → £5,432,179

• Net assets

  +7.2%

  £41,335,357 → £44,299,646

• Employees

  +18.6%

  59 → 70

• Operating profit

  -1.4%

  £15,885,479 → £15,666,457

• Profit before tax

  -41.5%

  £4,218,374 → £2,467,681

• Wages

  +20.1%

  £5,318,730 → £6,387,159

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. FCMB BANK (UK) LIMITED 2015-07-02 → present
2. FCMB (UK) LIMITED 2008-06-16 → 2015-07-02

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result, the Directors have concluded that the Bank is able to continue to operate as a going concern for the foreseeable future, including a period of at least 12 months from the approval of the 2024 Financial Statements. The Directors have also concluded that there are no material uncertainties that could cast significant doubt over the ability of the Bank to continue as a going concern for at least 12 months from the date of this report.”

Significant events

• “During the year the Bank expanded its Trade Finance lending book with further efforts to diversify the book and make efficient use of the capital generated through retained profits. Continued progress was also made to broaden trade and corporate relationships with financial institutions and other counterparties through Master Risk Participation Agreements.”
• “The bond exposure was restructured in October 2024 as expected and is now performing. The resultant write-off relating to this exposure was adequately provided for in 2023 through the ECL and is the primary reason for the reduction in ECL in 2024.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.