STATE BANK OF INDIA (UK) LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  +3.3%

  £98,608,000 → £101,825,000

• Cash

  -22.6%

  £90,746,000 → £70,262,000

• Net assets

  —

  Not reported

• Employees

  +10.6%

  170 → 188

• Operating profit

  -24.4%

  £31,940,000 → £24,161,000

• Profit before tax

  -22.6%

  £31,852,000 → £24,654,000

• Wages

  -0.7%

  £9,122,000 → £9,055,000

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. STATE BANK OF INDIA (UK) LIMITED 2017-09-07 → present
2. SBIUK OPERATIONS LIMITED 2016-10-19 → 2017-09-07

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors believe that the Bank has adequate resources to sustain operations for the period of at least 12 months from the date of approval of financial statements. Thus, the Bank has adopted the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “Throughout the fiscal year, the Bank has maintained its commitment to its vision of being the "Trusted and customer-focused financial partner of choice". This has been demonstrated through the expansion of product offerings, including the introduction of Development Finance and various Buy-to-Let and savings products. Furthermore, the Bank is engaged in the ongoing enhancement of its digital capabilities, specifically its mobile banking application, 'YONO SBI UK'. Recent improvements include streamlining the non-customer remittance process and introducing new deposit products accessible via the app.”
• “The lowering of the Bank of England base rate from 5.25% in March 2024 to 4.50% in March 2025 resulted in decreased interest income from floating rate loan portfolios.”
• “During the year, State Bank of India (UK) Limited made charitable donation of £1,000 to Cambridge Women's Aid (2024: £5,001 to the British Asian Trust and £5,001 to Shri. Venkateshwara Balaji Temple).”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.