NATWEST MARKETS PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-14 (in 4mo)
Last made up 2025-08-31
Watchouts
None on the register
Cash
£16B
+17.3% vs 2023
Net assets
£7B
+8.6% vs 2023
Employees
1,700
+6.3% vs 2023
Profit before tax
£37M
+149.3% 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 | £1,069,000,000 | £1,237,000,000 | |
| Operating profit | -£75,000,000 | £37,000,000 | |
| Profit before tax | -£75,000,000 | £37,000,000 | |
| Net profit | -£98,000,000 | £63,000,000 | |
| Cash | £13,831,000,000 | £16,220,000,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £6,378,000,000 | £6,929,000,000 | |
| Equity | £6,378,000,000 | £6,929,000,000 | |
| Average employees | 1,600 | 1,700 | |
| Wages | £264,000,000 | £289,000,000 | |
| Directors' remuneration | — | — |
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
+15.7%
£1,069,000,000 £1,237,000,000
-
Cash
+17.3%
£13,831,000,000 £16,220,000,000
-
Net assets
+8.6%
£6,378,000,000 £6,929,000,000
-
Employees
+6.3%
1,600 1,700
-
Operating profit
+149.3%
-£75,000,000 £37,000,000
-
Profit before tax
+149.3%
-£75,000,000 £37,000,000
-
Wages
+9.5%
£264,000,000 £289,000,000
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 | -7.0% | 3.0% | |
| Net margin | -9.2% | 5.1% | |
| Gearing (liabilities / total assets) | 96.4% | 96.2% | |
| Interest cover | -1.04x | 0.24x |
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
- NATWEST MARKETS PLC 2018-04-29 → present
- THE ROYAL BANK OF SCOTLAND PUBLIC LIMITED COMPANY 1985-09-30 → 2018-04-29
- RBSG PUBLIC LIMITED COMPANY 1984-10-31 → 1985-09-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe that the Group's business and financial performance, future development and financial position are satisfactory and that the Group's business will continue in operational existence for the foreseeable future. They therefore consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- NATWEST MARKETS PLC · parent
- 280 Bishopsgate Finance Ltd
- Care Homes 2 Ltd
- NatWest Markets Securities International Ltd
- RBS Sonora Commodities LLP 7%
- RBS Mera Securities LLP 51%
Significant events
- “On 10 January 2025, NWM Plc issued a total of €1.0 billion of notes under the EMTN programme in benchmark transactions.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 91 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEDDOWS, Sarah Katherine | Secretary | 2023-09-04 | — | — |
| DEVINE, John | Director | 2026-03-31 | Nov 1958 | British |
| HUME-KENDALL, Rupert William | Director | 2025-04-09 | Jan 1962 | British |
| LOWE, Simon Charles | Director | 2022-07-28 | Feb 1966 | British |
| MCNAB, Anne Elizabeth | Director | 2020-09-17 | Mar 1958 | British |
| PEBERDY, Jonathan | Director | 2024-10-01 | Jan 1978 | British |
| ROLAND, Thierry Charles Etienne | Director | 2025-04-14 | Dec 1965 | French |
| ROWE, Tamsin Elizabeth Edith | Director | 2019-03-27 | Jun 1959 | British |
| WILSON, Sabrina Hania | Director | 2023-09-04 | May 1971 | French |
Show 91 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOSTER, Kennedy Campbell | Secretary | 1991-02-01 | 1994-08-15 |
| GIBSON, Scott | Secretary | 2018-04-30 | 2023-09-04 |
| LINDSAY, James Snodgrass | Secretary | — | 1991-02-01 |
| MCLEAN, Miller Roy | Secretary | 1994-08-15 | 2010-04-30 |
| TAYLOR, Aileen Norma | Secretary | 2010-04-30 | 2018-04-30 |
| AHUJA, Vivek Gopaldas | Director | 2018-04-30 | 2025-01-17 |
| AIRLIE, David George Patrick Coke, The Rt Hon Earl | Director | 1991-01-23 | 1993-01-03 |
| BALFOUR, Peter Edward Gerald | Director | — | 1990-09-30 |
| BARCLAY, John Alistair | Director | 1989-04-01 | 1994-01-03 |
| BEGBIE, Robert | Director | 2019-12-18 | 2024-10-01 |
| BLANK, Maurice Victor, Sir | Director | 1991-01-23 | 1993-10-27 |
| BOSTOCK, Nathan Mark | Director | 2013-10-01 | 2014-05-28 |
| BRITTEN, Nicholas David | Director | 1996-05-01 | 1996-05-17 |
| BUCHAN, Colin Alexander Mason | Director | 2002-06-01 | 2011-08-05 |
| CAMERON, John Alastair Nigel | Director | 2006-03-01 | 2008-10-13 |
| CHANNON, Derek French, Professor | Director | — | 1994-12-21 |
| CLARK, David Beatson | Director | — | 1988-12-31 |
| CROMBIE, Alexander Maxwell, Sir | Director | 2009-06-01 | 2018-01-01 |
| CURRIE, James Mcgill, Dr | Director | 2001-11-28 | 2009-02-06 |
| DANGEARD, Franck Emmanuel | Director | 2016-05-16 | 2025-04-23 |
| DAVIES, Howard John, Sir | Director | 2015-07-14 | 2018-04-30 |
| DAVIS, Alison | Director | 2011-08-01 | 2018-04-30 |
| DI IORIO, Anthony | Director | 2011-09-01 | 2014-03-26 |
| DUTHIE, Robin, Sir | Director | — | 1998-12-16 |
| DUTHIE, Robin, Sir | Director | — | 1989-01-01 |
| ELLIS, Alan | Director | — | 1989-03-31 |
| FARLEY, Henry Edward | Director | — | 1990-09-28 |
| FAULCONER HEATHCOAT GRANT, Ian | Director | — | 2000-12-02 |
| FISH, Lawrence Kingsbaker | Director | 1993-01-14 | 2008-12-31 |
| FISHER, Mark Andrew | Director | 2006-03-01 | 2008-11-21 |
| FRIEDRICH, William Michael | Director | 2006-03-01 | 2009-02-06 |
| FRIIS, Morten Nicolai | Director | 2014-04-10 | 2018-04-30 |
| GILLESPIE, Robert Andrew Joseph | Director | 2013-12-02 | 2018-04-30 |
| GOODWIN, Frederick Anderson, Sir | Director | 1998-08-01 | 2008-11-21 |
| GRABOYS, George | Director | 1991-01-23 | 1992-12-22 |
| GREIG, Carron, Sir | Director | — | 1994-12-21 |
| GROSSART, Angus Mcfarlane Mcleod, Sir | Director | — | 2005-04-20 |
| HAMILTON, Alexander Macdonald | Director | — | 1996-01-18 |
| HAMPTON, Philip Roy, Sir | Director | 2009-01-19 | 2015-08-31 |
| HESTER, Stephen Alan Michael | Director | 2008-10-01 | 2013-09-30 |
| HUGHES, John Edward | Director | 2017-06-21 | 2017-09-01 |
| HUGHES, Penelope Lesley | Director | 2010-01-01 | 2018-04-30 |
| HUNTER, Archibald Sinclair | Director | 2004-09-01 | 2010-04-28 |
| INGLIS, James Craufuird Roger | Director | — | 1989-12-27 |
| JAMES, John, Sir | Director | — | 1989-12-27 |
| JETHA, Yasmin | Director | 2017-06-21 | 2018-04-30 |
| KING, David John | Director | 2020-07-01 | 2022-03-31 |
| KOCH, Charles John | Director | 2004-09-29 | 2009-02-06 |
| KONG, Janis Carol | Director | 2006-01-01 | 2009-02-06 |
| MACHALE, Joseph Patrick | Director | 2004-09-01 | 2013-05-14 |
| MACKAY, Eileen Alison | Director | 1996-05-16 | 2005-12-31 |
| MAIDEN, Robert Mitchell | Director | — | 1991-03-31 |
| MARKS, Christopher Alan | Director | 2018-04-30 | 2019-12-18 |
| MATHEWSON, George Ross, Sir | Director | — | 2006-04-28 |
| MCEWAN, Ross Maxwell | Director | 2013-10-01 | 2018-04-30 |
| MCFARLANE, John | Director | 2008-10-01 | 2012-03-31 |
| MCGILL, Lewis Sinclair | Director | — | 1990-12-31 |
| MCKILLOP, Thomas Fulton Wilson, Sir | Director | 2005-09-01 | 2009-02-03 |
| MCLATCHIE, Cameron | Director | 1998-10-01 | 2002-04-25 |
| MCLUSKIE, Norman Cardie | Director | 1992-06-01 | 2004-08-23 |
| NELSON, Brendan Robert | Director | 2010-04-01 | 2021-06-30 |
| NELSON, Elizabeth Hawkins, Dr | Director | — | 1997-10-01 |
| NOAKES, Sheila Valerie, Baroness | Director | 2011-08-01 | 2018-04-30 |
| NOEL-PATON, Frederick Ranald, The Hon | Director | — | 1993-01-03 |
| PEARCE, Austin William, Sir | Director | — | 1991-12-18 |
| PELL, Gordon Francis | Director | 2000-03-06 | 2010-03-31 |
| PLACE, Richard | Director | 2018-04-30 | 2019-12-18 |
| QUICK, Norman | Director | — | 1990-12-19 |
| RIOS, Emilio Botin-Sanz De Sautuola Y Garcia De Los | Director | 1991-01-23 | 1993-01-03 |
| RIOS, Emilio Botin-Sanz De Sautuola Y Garcia De Los | Director | 1991-01-23 | 2004-11-12 |
| ROBERTSON, Iain Samuel | Director | 1993-01-14 | 2005-04-20 |
| ROBINSON, David | Director | — | 1992-10-06 |
| ROBSON, Stephen Arthur, Sir | Director | 2001-07-25 | 2009-02-06 |
| RODRIGUEZ INCIARTE, Juan | Director | 1998-02-25 | 2004-11-12 |
| ROGERS, Michael John | Director | 2016-01-26 | 2018-04-30 |
| RYAN, Arthur Frederick | Director | 2008-10-01 | 2013-09-30 |
| SCHOFIELD, George Anthony | Director | 1992-06-01 | 1998-03-31 |
| SCOTT, Philip Gordon | Director | 2009-11-01 | 2014-10-31 |
| SCOTT, Robert Avisson | Director | 2001-01-31 | 2009-02-06 |
| SELIGMAN, Mark Donald | Director | 2017-04-01 | 2018-04-30 |
| SHAKERLEY, Charles Frederick Eardley | Director | — | 1990-12-19 |
| SPEIRS, Robert | Director | 1993-07-01 | 1998-10-23 |
| STEVENSON, Ewen James | Director | 2014-05-19 | 2018-04-30 |
| STUART, Charles Murray | Director | 1996-01-24 | 2002-04-25 |
| SUTHERLAND, Peter Denis | Director | 2001-01-31 | 2009-02-06 |
| THOMPSON, Kenneth | Director | 1991-01-23 | 1993-06-12 |
| THOMSON, Adam, Sir | Director | — | 1991-07-07 |
| VALLANCE OF TUMMEL, The Lord | Director | 1993-01-14 | 2005-04-20 |
| VAN SAUN, Bruce Winfield | Director | 2009-10-01 | 2013-09-30 |
| WATT, Frederick Inglis | Director | 2000-09-04 | 2006-01-31 |
| WHITTAKER, Guy Robert | Director | 2006-02-01 | 2009-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Natwest Group Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 847 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-31 | CH01 | officers | Change person director company with change date | |
| 2025-03-03 | AA | accounts | Accounts with accounts type group | |
| 2025-01-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-22 | AA | accounts | Accounts with accounts type group | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.