LHV BANK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-17 (in 9mo)
Last made up 2026-02-03
Watchouts
None on the register
Cash
£362M
+49.6% vs 2023
Net assets
£71M
+52.8% vs 2023
Employees
213
+30.7% vs 2023
Profit before tax
£4M
-15.4% vs 2023
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 | £36,590,062 | £56,455,922 | |
| Operating profit | £4,779,563 | £4,044,276 | |
| Profit before tax | £4,779,563 | £4,044,276 | |
| Net profit | £6,436,608 | £3,083,744 | |
| Cash | £242,124,881 | £362,299,484 | |
| Total assets less current liabilities | £314,196,635 | £657,333,048 | |
| Net assets | £46,697,060 | £71,339,121 | |
| Equity | £46,697,060 | £71,339,121 | |
| Average employees | 163 | 213 | |
| Wages | £10,245,983 | £14,493,306 | |
| Directors' remuneration | £1,788,988 | £1,794,938 |
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
+54.3%
£36,590,062 £56,455,922
-
Cash
+49.6%
£242,124,881 £362,299,484
-
Net assets
+52.8%
£46,697,060 £71,339,121
-
Employees
+30.7%
163 213
-
Operating profit
-15.4%
£4,779,563 £4,044,276
-
Profit before tax
-15.4%
£4,779,563 £4,044,276
-
Wages
+41.5%
£10,245,983 £14,493,306
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 |
|---|---|---|---|
| Operating margin | 13.1% | 7.2% | |
| Net margin | 17.6% | 5.5% | |
| Return on capital employed | 1.5% | 0.6% | |
| Gearing (liabilities / total assets) | 85.5% | 89.2% | |
| Current ratio | 47.36x | 135.58x | |
| Interest cover | 1.04x | 0.23x |
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
- LHV BANK LIMITED 2023-05-24 → present
- LHV UK LIMITED 2021-02-04 → 2023-05-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, in addition to an assessment of the impact of principal risks as set out on page 39 of the Strategic Report, the Directors have a reasonable expectation that the bank has adequate resources to continue in operational existence for the foreseeable future of at least twelve months from the date of approval of the financial statements.”
Significant events
- “The Directors are not aware of any other material events that have occurred between the date of the Statement of Financial Position and the date of this report, except for £10.0 million £1 fully paid-up shares were issued to AS LHV Group as part of a capital injection on the 6th of March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BODELL, Kerryn Lynn | Secretary | 2022-06-20 | — | — |
| BREWSTER, Kristofer Charles | Director | 2026-04-01 | Jun 1980 | British |
| BUTCHER, Keith | Director | 2022-05-01 | Dec 1962 | British |
| FREWER, Rachelle Ann | Director | 2024-01-02 | Jun 1973 | Australian |
| HORNER, Paul Richard | Director | 2022-01-04 | Aug 1962 | British |
| KILU, Erki | Director | 2021-02-04 | Dec 1975 | Estonian |
| LUNGLEY, Gillian Denise Guy | Director | 2024-04-01 | Sep 1959 | British |
| SCHRÖDER, Christian Dirk | Director | 2026-03-25 | Jan 1971 | Swiss |
| TORIM, Mihkel | Director | 2025-08-14 | Jan 1981 | Estonian |
| VEITCH, Sally Jane | Director | 2022-07-01 | Apr 1973 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ULPRE, Ingvar | Secretary | 2021-02-04 | 2022-06-19 |
| KITTER, Andres | Director | 2021-02-04 | 2024-12-31 |
| SHER, Gary Lewis | Director | 2021-07-05 | 2023-09-08 |
| TOOMSALU, Madis | Director | 2021-02-04 | 2025-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| As Lhv Group | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-04 | Active |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-03 | SH01 | capital | Capital allotment shares | |
| 2025-09-26 | SH01 | capital | Capital allotment shares | |
| 2025-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-28 | SH01 | capital | Capital allotment shares | |
| 2025-04-10 | AA | accounts | Accounts with accounts type full | |
| 2025-03-06 | SH01 | capital | Capital allotment shares | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-08 | SH01 | capital | Capital allotment shares | |
| 2024-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-31 | SH01 | capital | Capital allotment shares | |
| 2023-08-24 | MR02 | mortgage | Mortgage acquire with deed with charge number charge acquisition date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 4
- Officers appointed
- 3
- 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.