MONZO BANK LIMITED
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Cash
—
Latest balance sheet
Net assets
£1bn
+14% highest in 3 filed years
Employees
4,591
+21.3% highest in 3 filed years
Profit before tax
£132m
+153.8% highest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | — | — | — | |
| Fee & commission income | — | — | — | — | |
| Operating income | — | — | — | — | |
| Impairment losses | — | — | — | — | |
| Profit before tax | £16,068,000 | £52,107,000 | £132,270,000 | +153.8% | |
| Net profit | £9,329,000 | £87,182,000 | £131,019,000 | +50.3% | |
| Loans & advances to customers | — | £1,602,470,000 | £2,311,925,000 | +44.3% | |
| Customer deposits | — | £16,599,368,000 | £25,708,278,000 | +54.9% | |
| Total assets | £12,965,027,000 | £18,261,328,000 | £27,539,294,000 | +50.8% | |
| Total liabilities | £12,366,119,000 | £17,358,371,000 | £26,510,517,000 | +52.7% | |
| Equity | £598,908,000 | £902,649,000 | £1,028,777,000 | +14% | |
| Average employees | 3,708 | 3,786 | 4,591 | +21.3% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Net margin | 1.1% | 7.0% | — | |
| Gearing (liabilities / total assets) | 95.4% | 95.1% | — | |
| Current ratio | 0.82x | 0.77x | — |
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
- MONZO BANK LIMITED 2016-10-21 → present
- FOCUS FS LIMITED 2015-02-18 → 2016-10-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- MONZO BANK LIMITED · parent
- Monzo Support US Inc 100%
Significant events
- “We haven't made any donations or incurred any expense to any registered UK political party or other EU political organisation.”
- “On 1 April 2026, Monzo Bank Limited received regulatory approval to acquire 100% of the voting shares of digital mortgage broker Hey Habito Ltd.”
- “The previously disclosed FCA investigation concluded in July 2025, with a financial penalty of £21.1m imposed on and paid by Monzo for operating inadequate financial crime systems and controls between October 2018 and August 2020.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCULLAGH, Paul | Secretary | 2023-09-12 | — | — |
| ARROYO, Delfin Rueda | Director | 2025-06-27 | Apr 1964 | Spanish |
| BURBIDGE, Eileen | Director | 2015-04-21 | Jun 1971 | British |
| DIAS, Valerie Michelle | Director | 2021-06-01 | Oct 1959 | British |
| HOFFMAN, Gary | Director | 2019-02-01 | Oct 1960 | British |
| KIRK, Amy Jayne | Director | 2017-01-24 | Oct 1967 | American |
| LAKE, Spencer George | Director | 2025-10-13 | Apr 1960 | Canadian |
| LAYFIELD, Diana Louise Patricia | Director | 2026-02-01 | Jul 1970 | British |
| MCBAIN, Fiona Catherine | Director | 2020-01-01 | Mar 1961 | British |
| NEWBERY, Mark | Director | 2024-11-25 | Feb 1980 | British |
| PALANIAPPAN, Jambu | Director | 2025-09-01 | Oct 1987 | American |
| PEACOCK, Karen Alexandra Smith | Director | 2025-10-13 | May 1972 | American |
| RUNHAM, Elizabeth Frances | Director | 2022-03-01 | Jul 1975 | British |
| WICKER-MIURIN, Jane Fields | Director | 2024-04-01 | Jul 1958 | British,American |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Susan | Secretary | 2018-09-25 | 2020-03-09 |
| PAGNI, Stephanie | Secretary | 2021-03-09 | 2023-09-12 |
| ROPPE, Rachel | Secretary | 2020-10-29 | 2021-03-09 |
| SULLIVAN, James | Secretary | 2020-03-10 | 2020-10-29 |
| BLOMFIELD, Tom, Mr. | Director | 2015-02-18 | 2020-06-17 |
| BROMBERG, Matthew Samuel | Director | 2023-03-01 | 2024-05-15 |
| BROOKE, Timothy Tracy | Director | 2015-09-15 | 2020-09-30 |
| DAVIES, James Russell | Director | 2021-09-29 | 2024-10-29 |
| DOLMAN, Gary Kevin | Director | 2016-11-07 | 2019-02-28 |
| GRIMSHAW, Miles | Director | 2017-02-21 | 2021-07-20 |
| JONES, Alwyn Homer | Director | 2019-04-05 | 2021-09-20 |
| KINGSMILL, Denise, Baroness | Director | 2015-03-27 | 2018-03-23 |
| RIESE, Phillip John, Mr. | Director | 2019-07-01 | 2022-06-30 |
| TUMMALAPALLI, Anil Sai | Director | 2020-10-06 | 2026-02-01 |
| WOOLLARD, Keith | Director | 2016-05-23 | 2023-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Monzo Bank Holding Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-12 | Active |
| Passion Capital Fs (Gp) Llp | Corporate entity | Voting 25–50% | 2016-04-06 | Ceased 2021-02-11 |
| Passion Capital Fs Lp | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 214 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-27 | AA | accounts | Accounts with accounts type full | |
| 2026-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-10 | CH01 | officers | Change person director company with change date | |
| 2026-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-04 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | SH01 | capital | Capital allotment shares | |
| 2025-09-01 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-23 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- Capital events
- 2
- Officers appointed
- 4
- Officers resigned
- 1
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.