ATOM BANK PLC
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Cash
£1.9B
-20.9% vs 2024
Net assets
£428M
+4.6% highest in 3 filed years
Employees
544
+7.9% highest in 3 filed years
Profit before tax
£5M
-28.6% first positive since 2023
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £183,200,000 | £194,900,000 | +6.4% | |
| Operating profit | — | £27,000,000 | £25,000,000 | -7.4% | |
| Profit before tax | -£10,000,000 | £7,000,000 | £5,000,000 | -28.6% | |
| Net profit | -£20,500,000 | £6,000,000 | -£15,000,000 | -350% | |
| Cash | — | £2,405,000,000 | £1,902,200,000 | -20.9% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | £409,000,000 | £428,000,000 | +4.6% | |
| Equity | — | £409,000,000 | £428,000,000 | +4.6% | |
| Average employees | 453 | 504 | 544 | +7.9% | |
| Wages | £24,700,000 | £26,200,000 | £28,500,000 | +8.8% | |
| Directors' remuneration | — | £2,400,000 | £2,200,000 | -8.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | 14.7% | 12.8% | |
| Net margin | — | 3.3% | -7.7% | |
| Gearing (liabilities / total assets) | — | 94.3% | 93.9% | |
| Interest cover | — | 0.19x | 0.10x |
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 2 times since incorporation
- ATOM BANK PLC 2015-08-13 → present
- CROSSCO (1337) PLC 2014-03-20 → 2015-08-13
- CROSSCO (1337) LIMITED 2013-07-31 → 2014-03-20
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, as the Directors are satisfied that the Bank continues to operate in business for the foreseeable future. In arriving at this judgement, the Directors have considered a wide range of information.”
Group structure
- ATOM BANK PLC · parent
- Atom Bank Employee Benefit Trust
- Elvet Mortgages 2021-1 plc
- Elvet Mortgages 2020-1 plc
- Elvet Mortgages 2023-1 plc
- Elvet Mortgages 2025-1 plc
Significant events
- “Atom Futures Fund launched in April 2024.”
- “Reached £1bn in commercial mortgage completions in May 2024.”
- “Best Online Lender at What Mortgage Awards for the 7th year in July 2024.”
- “Moved to Pattern Shop HQ in September 2024.”
- “Lending balances exceeded £3bn in October 2024.”
- “Raised £50m Tier 2 capital in October 2024.”
- “Issued sixth Elvet Securitisation in February 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARNWORTH, Laura | Secretary | 2019-12-03 | — | — |
| CESARIO, Fabrizio | Director | 2025-01-21 | Apr 1967 | Italian |
| COE, Christine Anne | Director | 2021-10-27 | Apr 1954 | British |
| ENGLISH, Catherine Prentke | Director | 2026-02-05 | Sep 1980 | American |
| HOLLINGWORTH, Laurence David Edgar | Director | 2021-09-29 | May 1958 | British |
| KALKAN, Murat | Director | 2025-01-21 | Apr 1987 | American |
| MARSHALL, Andrew David | Director | 2022-11-01 | Sep 1980 | British |
| MILLINGTON, Cheryl Joanne | Director | 2018-11-06 | Jul 1966 | British |
| MULLEN, Mark Thomas | Director | 2014-09-22 | Feb 1968 | British |
| ROCHFORD, Lee Michael | Director | 2023-05-23 | Jan 1967 | British |
| ROMERA LOBO, Gonzalo | Director | 2019-03-12 | Aug 1976 | Spanish |
| ROPER, David Andrew | Director | 2018-07-31 | May 1961 | British |
| ÖZEN, Sait Ergun | Director | 2016-04-01 | May 1960 | Turkish |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HODGSON, Sarah | Secretary | 2014-03-18 | 2015-07-28 |
| TWIDDY, Edward | Secretary | 2015-07-28 | 2019-12-03 |
| DE LA HEY, John David | Director | 2022-11-30 | 2025-01-21 |
| DEANE, John Vincent | Director | 2014-03-18 | 2015-12-31 |
| DEL CASTILLO MARCHESE, Victoria | Director | 2018-06-18 | 2019-02-28 |
| HOGAN, Jonathan Derek | Director | 2014-09-22 | 2018-01-24 |
| JACKSON, Patricia Doreen | Director | 2014-09-22 | 2021-09-29 |
| MCCARTHY, David James | Director | 2014-05-01 | 2022-10-31 |
| MCFALL, John Francis, Lord | Director | 2014-09-22 | 2015-03-31 |
| NICOLSON, Sean Torquil | Director | 2013-07-31 | 2013-09-20 |
| ORMEROD, Ian | Director | 2018-11-06 | 2020-03-12 |
| PAAVOLA, Teppo | Director | 2016-04-01 | 2018-06-01 |
| PERTUSA SANTOS, Alicia | Director | 2020-05-14 | 2025-01-21 |
| POWERS-FREELING, Laurel Claire | Director | 2015-07-28 | 2020-09-12 |
| ROSEWELL, Bridget Clare | Director | 2014-09-22 | 2023-09-14 |
| THOMSON, Anthony William | Director | 2013-09-20 | 2018-01-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Banco Bilbao Vizcaya Argentaria S.A. | Corporate entity | Shares 25–50%, Voting 25–50% | 2022-10-14 | Ceased 2022-10-14 |
| Atom Holdco Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Voting 75–100% (as trust) | 2022-10-14 | Active |
| Toscafund Asset Management Llp | Corporate entity | Voting 25–50% | 2017-12-13 | Ceased 2022-10-14 |
| Banco Bilbao Vizcaya Argentaria S.A. | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-10-14 |
Filing timeline
Last 20 of 208 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-11 RESOLUTIONS Resolution
- 2023-11-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-03 | CH01 | officers | Change person director company with change date | |
| 2026-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-27 | SH01 | capital | Capital allotment shares | |
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-08 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-02-02 | SH01 | capital | Capital allotment shares | |
| 2023-11-17 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- 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.