REVOLUT BANK UK LTD
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-09-23 (in 4mo)
Last made up 2025-09-09
Watchouts
None on the register
Cash
£17M
+423,325% vs 2023
Net assets
£19M
+987.4% vs 2023
Employees
36
+38.5% vs 2023
Profit before tax
-£57K
Period ending 2024-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | £0 | |
| Profit before tax | — | -£57,000 | |
| Net profit | — | -£57,000 | |
| Cash | £4,000 | £16,937,000 | |
| Total assets less current liabilities | £1,749,000 | £19,019,000 | |
| Net assets | £1,749,000 | £19,019,000 | |
| Equity | £1,749,000 | £19,019,000 | |
| Average employees | 26 | 36 | |
| Wages | — | £2,109,000 | |
| Directors' remuneration | £902,000 | £1,064,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+423,325%
£4,000 £16,937,000
-
Net assets
+987.4%
£1,749,000 £19,019,000
-
Employees
+38.5%
26 36
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | — | 0.0% | |
| Gearing (liabilities / total assets) | 21.7% | 12.8% | |
| Current ratio | 1.00x | 7.20x | |
| Interest cover | — | 0.00x |
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
- REVOLUT BANK UK LTD 2026-03-12 → present
- REVOLUT NEWCO UK LTD 2020-09-10 → 2026-03-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed all relevant material and having made all enquiries as deemed appropriate, the directors have a reasonable expectation that the Company has access to adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. The Company therefore is adopting the going concern basis in preparing its financial statements.”
Group structure
- REVOLUT BANK UK LTD · parent
- Revolut Travel Ltd 100%
Significant events
- “On 25 July 2024, the Company received permission (with restrictions) from the Prudential Regulation Authority under Part 4A of the Financial Services and Markets Act 2000 to conduct banking business in the United Kingdom (the "UK Bank Licence") and entered into the mobilisation period”
- “on 23 September 2024, the Company entered the Pilot Agreement with fellow Group Company Revolut Ltd to procure services in order to onboard a limited number of customers, and started operating.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALCAIX, Vincent Jacques Louis | Director | 2022-12-02 | Sep 1982 | French |
| CARLESI, Francesca, Ms. | Director | 2023-12-04 | Mar 1974 | Italian |
| ESTLIN, Peter Kenneth, Sir | Director | 2024-11-28 | Jul 1961 | British |
| FRY, Fiona | Director | 2024-11-28 | Jul 1959 | British |
| HOLMES, William Richard | Director | 2021-05-26 | Nov 1952 | British |
| KAPOOR, Rajan | Director | 2021-08-17 | Apr 1952 | British |
| WILSON, Ian Douglas | Director | 2020-09-10 | Apr 1964 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JAJODIA, Siddhartha | Director | 2021-09-15 | 2024-11-28 |
| RADFORD, James Douglas Hugh | Director | 2020-12-22 | 2023-04-18 |
| USSHER, Kitty | Director | 2020-09-30 | 2023-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Revolut Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-07-25 | Active |
| Revolut Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-09-10 | Ceased 2022-07-25 |
Filing timeline
Last 20 of 42 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-12 CERTNM Certificate change of name company
- 2026-03-12 NM06 Change of name request comments
- 2026-03-12 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | SH01 | capital | Capital allotment shares | |
| 2026-03-12 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-12 | NM06 | change-of-name | Change of name request comments | |
| 2026-03-12 | CONNOT | change-of-name | Change of name notice | |
| 2026-03-11 | SH01 | capital | Capital allotment shares | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2025-05-12 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-04-30 | AA | accounts | Accounts with accounts type full | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-07-25 | SH01 | capital | Capital allotment shares | |
| 2023-12-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 0
- 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.