MONUMENT BANK LIMITED
Monument Bank Limited is a pre-IPO UK challenger bank providing digital banking, savings products, and wealth-tracking tools targeted at mass-affluent professionals and entrepreneurs.
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Cash
£3.7bn
+889.5% vs 2023
Net assets
£78m
+45% vs 2023
Employees
103
+21.2% vs 2023
Profit before tax
-£15m
+26.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Although we're likely to secure the commitment of further equity from both existing and new investors, there remains a material uncertainty regarding its ability to source further additional equity during and beyond the 12 months from the date of approval of the financial statements.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £20,705,000 | £148,993,000 | +619.6% | |
| Operating profit | -£20,053,000 | -£14,717,000 | +26.6% | |
| Profit before tax | -£20,053,000 | -£14,717,000 | +26.6% | |
| Net profit | -£19,360,000 | -£14,478,000 | +25.2% | |
| Cash | £377,215,000 | £3,732,456,000 | +889.5% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £53,693,000 | £77,870,000 | +45% | |
| Equity | £53,693,000 | £77,870,000 | +45% | |
| Average employees | 85 | 103 | +21.2% | |
| Wages | £10,006,000 | £11,395,000 | +13.9% | |
| Directors' remuneration | £1,224,000 | £1,258,000 | +2.8% | |
| Directors' pension contributions | £34,000 | £26,000 | -23.5% | |
| Highest paid director | £495,000 | £523,000 | +5.7% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -96.9% | -9.9% | |
| Net margin | -93.5% | -9.7% | |
| Gearing (liabilities / total assets) | 94.9% | 98.5% | |
| Interest cover | -1.15x | -0.11x |
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
- MONUMENT BANK LIMITED 2020-11-09 → present
- MONUMENT CORPORATION LTD. 2018-01-26 → 2020-11-09
- MONUMENT PRINCIPAL CAPITAL LTD. 2017-08-18 → 2018-01-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Although we're likely to secure the commitment of further equity from both existing and new investors, there remains a material uncertainty regarding its ability to source further additional equity during and beyond the 12 months from the date of approval of the financial statements.”
Group structure
- MONUMENT BANK LIMITED · parent
- Monument Technology Limited 59.52%
Significant events
- “Since year-end, 61,373 shares have been issued by the Company, with total proceeds of £2.1m.”
- “On 9 April 2025, the Company announced a restructure resulting in a provision of £500,000 being made. This is a non-adjusting post balance sheet event.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLES, Simon Derek | Secretary | 2023-05-30 | — | — |
| ASHTON, Caroline Jane | Director | 2024-03-01 | Feb 1963 | British |
| KALBAN, Khalid Jassim Mohd Bin | Director | 2023-09-25 | Oct 1956 | Emirati |
| MISHR, Hemant Hanuman | Director | 2023-09-25 | Aug 1968 | Indian |
| MORLEY, Michael John | Director | 2025-02-25 | May 1957 | British |
| PIRANIE, Mahomed Ashraf | Director | 2023-09-25 | Apr 1963 | British |
| POLLARD, Fiona Ann | Director | 2019-09-27 | Jul 1965 | British |
| RAND, Ian Richard | Director | 2022-03-09 | Nov 1969 | British |
| VIG, Sanjay | Director | 2024-05-03 | Jan 1962 | Indian |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BHANDARI, Mintoo | Director | 2018-04-27 | 2022-03-09 |
| BOOKER, Niall Scott Kilgour | Director | 2019-06-07 | 2023-07-25 |
| BRICHET, Helene | Director | 2022-09-08 | 2025-03-21 |
| EVANS, Iestyn David | Director | 2021-01-28 | 2024-04-30 |
| FRIEDLOS, Stephen Michael | Director | 2019-06-07 | 2025-12-31 |
| GUPTA, Vikash, Mr. | Director | 2017-08-18 | 2024-04-18 |
| HAGERTY, Martin, Mr. | Director | 2019-06-07 | 2024-04-29 |
| LIKIERMAN, John Andrew, Sir | Director | 2019-06-07 | 2025-06-30 |
| RAJARAM, Murugiah | Director | 2021-08-12 | 2023-09-25 |
| RICHARDSON, Caroline Jane | Director | 2024-11-26 | 2025-12-05 |
| SHARMA, Rajat | Director | 2018-04-25 | 2019-09-11 |
| SHARMA, Rajat, Mr. | Director | 2017-08-18 | 2018-01-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mintoo Bhandari | Individual | Significant influence | 2021-02-23 | Ceased 2024-01-17 |
| Mr Mintoo Bhandari | Individual | Shares 25–50% | 2018-04-25 | Ceased 2021-02-23 |
| Mr. Rajat Sharma | Individual | Shares 25–50% | 2017-08-18 | Ceased 2018-05-30 |
| Mr. Vikash Gupta | Individual | Shares 25–50% | 2017-08-18 | Ceased 2018-05-30 |
Filing timeline
Last 20 of 145 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-04 | SH01 | capital | Capital allotment shares | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-25 | SH01 | capital | Capital allotment shares | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-09 | SH01 | capital | Capital allotment shares | |
| 2025-10-03 | SH01 | capital | Capital allotment shares | |
| 2025-09-25 | SH01 | capital | Capital allotment shares | |
| 2025-08-22 | SH01 | capital | Capital allotment shares | |
| 2025-08-12 | AA | accounts | Accounts with accounts type group | |
| 2025-07-28 | SH01 | capital | Capital allotment shares | |
| 2025-06-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | SH01 | capital | Capital allotment shares | |
| 2025-05-16 | SH01 | capital | Capital allotment shares | |
| 2025-03-31 | SH01 | capital | Capital allotment shares | |
| 2025-03-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | SH01 | capital | Capital allotment shares | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-04 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 11
- Officers appointed
- 0
- Officers resigned
- 2
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.