OAKNORTH BANK PLC

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

• Turnover

  -0.1%

  £568,925,000 → £568,469,000

• Cash

  -14.7%

  £2,893,652,000 → £2,468,732,000

• Net assets

  +4.7%

  £1,019,581,000 → £1,067,530,000

• Employees

  -4.3%

  278 → 266

• Operating profit

  +8.4%

  £208,599,000 → £226,099,000

• Profit before tax

  +3.6%

  £214,794,000 → £222,529,000

• Wages

  -14.2%

  £39,994,000 → £34,326,000

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

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. OAKNORTH BANK PLC 2018-04-25 → present
2. OAKNORTH BANK LIMITED 2015-03-14 → 2018-04-25
3. OAKNORTH LIMITED 2013-07-03 → 2015-03-14

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that the Bank and its subsidiary have the resources to continue in business for the foreseeable future, looking at least 12 months from the date of the approval of this report, and that there are no material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s and the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. OAKNORTH BANK PLC · parent
   1. A.S.K. Partners Limited 50.1% · United Kingdom

Significant events

• “geopolitical risk across the world remains high and could impact our business in numerous, unforeseen ways”
• “global macroeconomic uncertainties and the challenges that we navigated”
• “The UK's subdued environment created a more challenging lending landscape, while the US provided growth opportunity and the need for careful redesign of a credit market that is evolving rapidly.”
• “acquisition of a US Bank, Community Unity Bank”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.