GRIFFIN BANK LTD

• ⚠

  Material uncertainty over going concern

  However, the Company will require access to capital in the next 12 months to meet its regulatory capital requirements and has an inherent level of uncertainty which is not within the control of the directors. This creates a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

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

  +305.6%

  £958,501 → £3,887,360

• Cash

  +209.9%

  £2,364,540 → £7,326,998

• Net assets

  +8.8%

  £15,174,425 → £16,507,699

  highest in 5 filed years

• Employees

  +1%

  97 → 98

  highest in 5 filed years

• Operating profit

  +6.5%

  -£12,889,929 → -£12,058,149

• Profit before tax

  +6.5%

  -£12,889,929 → -£12,058,149

• Wages

  -14.7%

  £8,157,461 → £6,956,240

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. GRIFFIN BANK LTD 2023-04-12 → present
2. GRIFFIN FINANCIAL TECHNOLOGY LTD. 2017-06-29 → 2023-04-12

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Company will require access to capital in the next 12 months to meet its regulatory capital requirements and has an inherent level of uncertainty which is not within the control of the directors. This creates a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “After the financial year end, the Company has raised £1.3m of new capital at the date of signing the financial statements.”
• “In October 2025, the Company secured our Bank of England reserve account, which allows us to open up the next stage of establishing direct connectivity with the UK's major payment schemes.”

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

Filings

20

last 12 months

Capital events

10

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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