ONESAVINGS BANK PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-14 (in 7mo)
Last made up 2025-11-30
Watchouts
Cash
£300K
Latest balance sheet
Net assets
£2B
Equity attributable
Employees
2,559
Average over period
Profit before tax
£418M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £658,900,000 | £667,500,000 | |
| Operating profit | £372,700,000 | £395,000,000 | |
| Profit before tax | £375,400,000 | £418,100,000 | |
| Net profit | £283,600,000 | £308,100,000 | |
| Cash | £400,000 | £300,000 | |
| Total assets less current liabilities | £27,407,300,000 | £27,992,300,000 | |
| Net assets | £2,226,500,000 | £2,233,300,000 | |
| Equity | £2,226,500,000 | £2,233,300,000 | |
| Average employees | 2,272 | 2,559 | |
| Wages | £101,200,000 | £119,200,000 | |
| Directors' remuneration | £4,742,000 | £4,095,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 56.6% | 59.2% | |
| Net margin | 43.0% | 46.2% | |
| Return on capital employed | 1.4% | 1.4% | |
| Gearing (liabilities / total assets) | 92.5% | 92.6% |
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 3 times since incorporation
- ONESAVINGS BANK PLC 2011-02-01 → present
- ONESAVINGS PLC 2010-10-08 → 2011-02-01
- ONESAVINGS LIMITED 2010-08-03 → 2010-10-08
- SEVCO 5067 LIMITED 2010-07-13 → 2010-08-03
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board undertakes regular rigorous assessments of whether the Group is a going concern in light of current and potential future economic conditions and all available information about future risks and uncertainties.”
Group structure
- ONESAVINGS BANK PLC · parent
- Canterbury Finance No.2 plc 100%
- Canterbury Finance No.3 plc 100%
- Canterbury Finance No.4 plc 100%
- OSB India Private Limited 100%
- Kent Reliance 100%
- InterBay ML, Ltd 100%
Significant events
- “The OSBG Board has authorised a share repurchase of up to £100.0m of shares in the market from 14 March 2025 supported by the Group. Any purchases made under this programme will be announced to the market each day in line with regulatory requirements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELPHICK, Jason Stanley | Secretary | 2016-07-15 | — | — |
| ATWAL, Kalvinder | Director | 2023-02-07 | Sep 1971 | British |
| BULLOCH, Robert James Mackenzie | Director | 2026-04-01 | Dec 1961 | British |
| DAUBENEY, Henry James | Director | 2024-07-01 | Oct 1963 | British |
| GOLDING, Andrew John | Director | 2011-12-30 | Jan 1969 | British |
| HOSKIN, Gareth | Director | 2025-04-01 | Sep 1960 | British |
| JONES-EVANS, Sally Ann | Director | 2025-04-01 | Jul 1966 | British |
| SULLIVAN-HYDE, Victoria Jane | Director | 2024-07-23 | Jun 1976 | British |
| WALKER, Simon | Director | 2022-01-04 | Feb 1959 | British |
| WEYMOUTH, David Avery | Director | 2017-09-01 | May 1955 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCKNELL, Zoe | Secretary | 2011-02-22 | 2016-03-31 |
| BYRNE, Christopher | Secretary | 2010-08-20 | 2011-02-22 |
| PURVIS, Martin Terence Alan | Secretary | 2016-03-31 | 2016-07-15 |
| ALLATT, John Graham | Director | 2014-05-06 | 2023-05-11 |
| ANSTEE, Eric Edward | Director | 2015-12-21 | 2020-02-04 |
| BROOKE, Timothy Tracy | Director | 2019-10-04 | 2020-05-07 |
| DOMAN, Andrew Spencer | Director | 2016-07-26 | 2018-05-10 |
| DUKE, Rodney Jympson | Director | 2012-07-04 | 2020-02-04 |
| FAIREY, Michael Edward | Director | 2014-04-02 | 2017-05-10 |
| FINCH, Anna Ruth | Director | 2010-07-13 | 2010-08-02 |
| HANFORD, Timothy John | Director | 2011-02-01 | 2017-12-31 |
| HARWERTH, Elizabeth Noel | Director | 2019-10-04 | 2026-05-07 |
| HASSALL, Margaret Grace | Director | 2016-07-26 | 2020-05-07 |
| HEDGER, Sarah Ann | Director | 2019-02-01 | 2025-05-08 |
| KAPOOR, Rajan | Director | 2019-10-04 | 2025-05-08 |
| LAZENBY, Michael John | Director | 2010-08-02 | 2011-02-28 |
| LLOYD, Samuel George Alan | Director | 2010-07-13 | 2010-07-13 |
| MCCAIG, Malcolm Graham | Director | 2010-08-02 | 2016-12-31 |
| MCCARTHY, Malcolm Christopher, Sir | Director | 2011-02-01 | 2014-05-02 |
| MCNAMARA, Mary Jane | Director | 2014-05-06 | 2023-05-11 |
| MILLS, David John | Director | 2011-02-23 | 2014-05-02 |
| MORGAN, David Raymond | Director | 2011-02-01 | 2016-12-31 |
| MOSS, Nathan Victor | Director | 2014-05-14 | 2017-05-31 |
| NEWELL, Andrew | Director | 2010-08-20 | 2012-05-29 |
| SCRUTON, Robert | Director | 2010-08-02 | 2011-06-28 |
| TALINTYRE, April Carolyn | Director | 2012-06-22 | 2024-05-09 |
| THOMPSELL, Nicholas Peter | Director | 2010-07-13 | 2010-08-11 |
| WARD, Ian William | Director | 2019-10-04 | 2020-05-07 |
| WILCKE, Stephan | Director | 2011-02-01 | 2016-05-11 |
| WILLIAMS, Peter Richard, Dr | Director | 2010-10-07 | 2013-12-31 |
| WILLIAMSON, George Malcolm, Sir | Director | 2019-10-04 | 2020-02-04 |
| WOOD, Jeremy Robin | Director | 2011-06-21 | 2012-01-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Osb Group Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-11-30 | Active |
Filing timeline
Last 20 of 258 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-15 MA Memorandum articles
- 2024-07-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-07 | AA | accounts | Accounts with accounts type group | |
| 2025-04-15 | AD03 | address | Move registers to sail company with new address | |
| 2025-04-11 | AD02 | address | Change sail address company with old address new address | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | MA | incorporation | Memorandum articles | |
| 2024-07-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-23 | AA | accounts | Accounts with accounts type group | |
| 2023-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.