CLYDESDALE BANK LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2026-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Confirmation statement overdue
Due 2026-08-15.
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7 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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Negative shareholders' funds
Profit before tax
3-year trend · vs Financials median
CLYDESDALE BANK LIMITED·Financials median
CLYDESDALE BANK LIMITED·Financials median
CLYDESDALE BANK LIMITED·Financials median
CLYDESDALE BANK LIMITED·Financials median
CLYDESDALE BANK LIMITED·Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2023-09-30 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £2,495,000,000 | £1,711,000,000 | — | |
| Fee & commission income | — | £255,000,000 | £195,000,000 | — | |
| Operating income | — | £2,856,000,000 | £1,920,000,000 | — | |
| Impairment losses | — | £429,000,000 | £180,000,000 | — | |
| Profit before tax | £356,000,000 | £186,000,000 | — | — | |
| Net profit | £238,000,000 | £150,000,000 | — | — | |
| Loans & advances to customers | — | — | — | — | |
| Customer deposits | — | — | — | — | |
| Total assets | £91,529,000,000 | £89,876,000,000 | — | — | |
| Total liabilities | — | — | — | — | |
| Equity | -£5,334,000,000 | -£5,609,000,000 | — | — | |
| Average employees | 7,166 | 7,305 | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 18 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Interest cover | 0.31x | 0.14x | — |
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 — the current trading name was adopted 2026-07-28
- CLYDESDALE BANK LIMITED 2026-07-28 → present
- CLYDESDALE BANK PLC 2005-12-16 → 2026-07-28
- CLYDESDALE BANK PUBLIC LIMITED COMPANY 1882-04-03 → 2005-12-16
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are of the opinion that the Group has adequate resources to continue in operational existence for at least the next 12 months from the date the Annual Report and Accounts are authorised for issue, and that the Bank is well placed to manage its business risks successfully. Accordingly, they continue to adopt the going concern basis in preparing the financial statements for the year ended 31 March 2026.”
Group structure
- CLYDESDALE BANK LIMITED · parent
- Clydesdale Bank Asset Management Limited 100%
- ST Vincent (Equities) Limited 100%
- Virgin Money Holdings (UK) Limited 100%
- Yorkshire Bank Home Loans Limited 100%
- Lanark Funding Limited 100%
- Lanark Master Issuer PLC 100%
Significant events
- “No political donations were made during the year (18 months to 31 March 2025: £Nil).”
- “The Directors do not undertake formal research and development activities although, up until completion of the Part VII transfer, it did invest in the development of its products and services.”
- “The Bank is proposing a final dividend of £nil in respect of the year ended 31 March 2026 (18 months to 31 March 2025: £nil).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 102 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WRIGHT, Jason Leslie | Secretary | 2025-07-31 | — | — |
| BAINBRIDGE, Guy Lawrence Tarn | Director | 2026-02-01 | Sep 1960 | British |
| CROSBIE, Deborah Anne | Director | 2025-09-30 | Mar 1970 | British |
| GRAHAM, Tracey | Director | 2025-01-23 | Jul 1965 | British |
| KEIR, Alan Mcalpine | Director | 2025-09-30 | Oct 1958 | British |
| KLEIN, Deborah | Director | 2025-09-30 | Aug 1968 | British |
| MATHIESON, Muir | Director | 2025-09-30 | Aug 1974 | British |
| ORTON, Sally-Ann | Director | 2025-09-30 | Mar 1970 | British |
| PARRY, Kevin Allen Huw | Director | 2025-09-30 | Jan 1962 | British |
| RAJAH, Tamara Nayagi Heera | Director | 2025-09-30 | Aug 1982 | British |
| RHODES, Christopher Stuart | Director | 2024-10-01 | Mar 1963 | British |
| RILEY, Gillian | Director | 2025-09-30 | Dec 1967 | Canadian |
| RIVETT, Philip George | Director | 2025-09-30 | Jun 1955 | British |
| ROGERS, Michael John | Director | 2026-04-01 | Jul 1964 | British |
Show 102 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DARBYSHIRE, Jennifer | Secretary | 2012-09-18 | 2014-10-01 |
| MACINTOSH, Keith William | Secretary | — | 1996-09-30 |
| MCMILLAN, Lorna Forsyth | Secretary | 2011-07-28 | 2025-07-31 |
| PEIRSON, James | Secretary | 2015-02-16 | 2025-07-31 |
| SHAW, Myshele | Secretary | 2003-07-31 | 2006-02-28 |
| SHIRRAN, Jane Lindsay | Secretary | 1998-06-15 | 2003-07-31 |
| STEWART, Alan James | Secretary | 1996-09-30 | 1998-06-15 |
| WEBBER, Michael Frank | Secretary | 2006-03-01 | 2012-09-18 |
| ABRAHAMS, Clifford James | Director | 2021-03-08 | 2024-12-15 |
| ADAMSON, Clive | Director | 2016-07-01 | 2019-11-29 |
| AITHAL, Anand | Director | 2025-09-30 | 2025-12-31 |
| ALEXANDER, Walter Ronald | Director | — | 1996-04-03 |
| ALLVEY, David Philip | Director | 2012-05-18 | 2016-03-31 |
| ARBUTHNOTT, John | Director | — | 1992-12-16 |
| ARGUS, Donald Robert | Director | 1990-10-01 | 1999-03-10 |
| BARNES, Glenn Lawrence Lord | Director | 1997-12-18 | 1999-03-10 |
| BARNES, Glenn Lawrence Lord | Director | 1995-08-31 | 1997-12-18 |
| BENNETT, David Jonathan | Director | 2015-10-22 | 2025-12-31 |
| BIGGART, Thomas Norman | Director | — | 1997-11-01 |
| BIRRELL, David | Director | — | 1993-12-07 |
| BRAY, Maxwell James | Director | 1992-01-24 | 1993-03-09 |
| BREEZE, Clifford William | Director | 1996-03-18 | 1997-12-18 |
| BROWNE, David Alan | Director | 2012-05-02 | 2018-06-30 |
| CHARLES-JONES, Lucinda Claire | Director | 2024-01-22 | 2025-09-30 |
| CICUTTO, Francis John | Director | 1994-03-16 | 1996-03-01 |
| CLITHEROE, Ralph, The Lord | Director | 1999-06-04 | 1999-11-03 |
| CLYNE, Cameron Anthony | Director | 2010-01-08 | 2014-08-01 |
| COATS, William David, Sir | Director | — | 1993-12-07 |
| COBY, Paul Jonathan | Director | 2016-06-01 | 2022-06-30 |
| COLE-HAMILTON, Arthur Richard | Director | — | 1992-12-16 |
| CROSBIE, Debbie Anne | Director | 2014-05-12 | 2018-11-19 |
| DANIELS, Karl | Director | 2004-07-22 | 2005-11-30 |
| DAVIS, Francis Joseph | Director | 1990-10-01 | 1991-05-29 |
| DAWSON, John Kelvin | Director | 1993-03-09 | 1995-08-25 |
| DAWSON, Jonathan Donald Sherlock | Director | 2005-12-09 | 2012-05-31 |
| DEVONPORT, David Grant | Director | 1998-06-15 | 1999-11-05 |
| DIPLOCK, Allan William | Director | — | 1992-01-24 |
| DUFFY, David Joseph | Director | 2015-06-05 | 2024-10-01 |
| FEGAN, Paul Anthony | Director | 2000-02-10 | 2002-06-21 |
| FELL, David, Sir | Director | 2004-07-22 | 2012-07-23 |
| GALAZKA, George Henry | Director | 1995-07-12 | 1997-12-18 |
| GOODWIN, Frederick Anderson | Director | 1996-03-01 | 1998-07-31 |
| GOPALAN, Geeta | Director | 2018-10-15 | 2024-06-30 |
| GRACE, Adrian Thomas | Director | 2014-12-23 | 2020-05-01 |
| GRANT, Ian David, Sir | Director | — | 1997-11-01 |
| GREENE, Eugene | Director | 2005-08-23 | 2005-12-31 |
| GREER, Geoffrey Thomas | Director | 2002-10-14 | 2004-06-08 |
| GREGORY, Richard John | Director | 2000-03-17 | 2017-01-10 |
| GRIMSHAW, Stuart Ian | Director | 2000-08-23 | 2002-01-08 |
| HARDIE, Douglas Fleming, Sir | Director | — | 1992-12-16 |
| HAWKES, Alan John | Director | 1993-06-01 | 1994-02-18 |
| HAWKES, Alan John | Director | 1992-11-19 | 1993-04-23 |
| HOOPER, John Elliott | Director | 2009-04-24 | 2014-10-31 |
| JOINER, Mark Andrew | Director | 2012-06-14 | 2013-12-31 |
| KELLY, Barbara Mary, Dame | Director | 1994-04-30 | 1997-11-01 |
| KENNY, David | Director | 1999-03-10 | 2001-10-03 |
| LEDINGHAM, Alexander | Director | — | 1996-12-19 |
| LOVE, Charles Marshall | Director | 1992-10-01 | 1993-12-28 |
| MACDONALD, Ian Graham | Director | 1999-03-29 | 1999-07-14 |
| MACFARLANE OF BEARSDEN, Lord | Director | — | 1996-03-05 |
| MACLEOD, Fiona Anne | Director | 2016-09-12 | 2020-09-30 |
| MATRENZA, Roland Frank | Director | 1991-06-01 | 1992-12-16 |
| MCNEE, David Blackstock, Sir | Director | 1982-10-23 | 1993-12-07 |
| MCPHERSON, David John | Director | 2000-02-08 | 2002-11-30 |
| MORRISON, Alexander Fraser, Sir Fraser Morrison | Director | 1994-04-19 | 2004-06-08 |
| NICKSON, David Wigley, The Lord | Director | — | 1998-12-31 |
| NICOLSON, Roy Macdonald | Director | 2004-07-09 | 2012-05-31 |
| NOVOKRESHCHENOVA, Elena, Ms. | Director | 2021-03-22 | 2025-09-30 |
| PADMORE, Elizabeth Jane | Director | 2009-11-06 | 2012-05-31 |
| PADMORE, Elizabeth Jane | Director | 2009-11-03 | 2010-01-29 |
| PADMORE, Elizabeth Jane | Director | 2009-05-27 | 2010-01-29 |
| PEACOCK, Lynne Margaret | Director | 2004-07-12 | 2011-06-30 |
| PETTIGREW, James Neilson | Director | 2012-09-25 | 2020-05-05 |
| PINNEY, Ross Edward | Director | 2003-03-27 | 2004-11-26 |
| PINNEY, Ross Edward | Director | 1997-12-18 | 1998-11-01 |
| POPE, Darren Scott | Director | 2018-10-15 | 2024-10-01 |
| PROWSE, Robert Malcolm Charles | Director | 1990-10-01 | 1992-12-10 |
| RIDPATH, Barbara Ann | Director | 2012-05-09 | 2016-05-20 |
| ROBSON-CAPPS, Teresa, Dr | Director | 2014-10-08 | 2020-06-30 |
| ROSE, Bruce Thomas | Director | 1994-07-29 | 1996-12-31 |
| SANDERSON, Charles Russell, Lord | Director | 1994-04-18 | 2004-06-08 |
| SAVAGE, Grahame Peter | Director | 1998-11-01 | 2002-11-30 |
| SAWERS, Richard James | Director | 2012-06-14 | 2016-02-02 |
| SEYMOUR, Barry | Director | 1994-02-18 | 1995-07-07 |
| SHAPLAND, Alexander John | Director | 2012-05-23 | 2016-05-20 |
| SLATER, Gavin Robin | Director | 2005-03-14 | 2009-03-12 |
| SMITH, Ian Stuart | Director | 2015-03-11 | 2020-09-30 |
| STEWART, John Morrison | Director | 2003-08-20 | 2004-07-06 |
| STIRLING, Amy Elizabeth | Director | 2018-10-15 | 2022-05-05 |
| SYKES, Hugh Ridley, Sir | Director | 1999-06-03 | 2004-09-12 |
| TARGETT, Stephen Craig | Director | 2002-04-08 | 2003-02-10 |
| THORBURN, David John | Director | 2002-07-11 | 2015-02-28 |
| VAN HOEKEN, Petra Constance | Director | 2024-07-01 | 2025-09-30 |
| WADE, Timothy Cardwell | Director | 2016-09-12 | 2025-09-30 |
| WELLER, Sara Vivienne | Director | 2022-10-03 | 2024-10-01 |
| WILLCOCK, Gregory John | Director | 1997-02-28 | 1999-03-10 |
| WILLIAMSON, George Malcolm, Sir | Director | 2004-06-08 | 2012-07-23 |
| WILLIS, Graeme Douglas | Director | 1997-12-18 | 1998-09-18 |
| WINDELER, John Robert | Director | 1993-04-23 | 1994-07-29 |
| WOOD, Peter Anthony | Director | 2005-10-28 | 2011-10-21 |
| WRIGHT, John Robertson | Director | 1998-09-07 | 2001-09-10 |
| ZABORSZKY, Gergely Mark | Director | 2025-03-04 | 2025-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Virgin Money Uk Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-09-30 | Active |
| Cyb Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-09-30 |
Filing timeline
Last 20 of 576 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-28 RESOLUTIONS Resolution
- 2026-07-28 CERT10 Certificate re registration public limited company to private
- 2026-07-28 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-31 | PSC05 | persons-with-significant-control | Change to a person with significant control without name date | |
| 2026-07-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-28 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2026-07-28 | RR02 | change-of-name | Reregistration public to private company | |
| 2026-07-28 | MAR | incorporation | Re registration memorandum articles | |
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2026-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 11
- Officers resigned
- 7
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.