REVOLUT BANK UK LTD
Operating as the licensed UK banking entity of Revolut Group Holdings Ltd, the company provides app-based digital banking, currency exchange, consumer credit, and peer-to-peer payment services.
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Cash
—
Latest balance sheet
Net assets
£21M
+8.7% highest in 3 filed years
Employees
90
+150% highest in 3 filed years
Profit before tax
£0
Period ending 2025-12-31
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Net interest income | — | £31,000 | £784,000 | +2,429% | |
| Fee & commission income | — | -£1,000 | -£323,000 | -32,200% | |
| Operating income | — | £2,930,000 | £16,434,000 | +460.9% | |
| Impairment losses | — | — | — | — | |
| Profit before tax | — | £0 | £0 | — | |
| Net profit | — | -£57,000 | -£513,000 | -800% | |
| Loans & advances to customers | — | — | — | — | |
| Customer deposits | — | £2,000 | £2,000 | 0% | |
| Total assets | £2,234,000 | £21,805,000 | £24,773,000 | +13.6% | |
| Total liabilities | — | £2,786,000 | £4,098,000 | +47.1% | |
| Equity | £1,749,000 | £19,019,000 | £20,675,000 | +8.7% | |
| Average employees | 26 | 36 | 90 | +150% |
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 | 2025-12-31 |
|---|---|---|---|---|
| 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 Bank 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 Bank 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 Bank 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 Banking Licence").”
- “On 11 March 2026, the Bank received regulatory approval from the Prudential Regulation Authority to exit the 'mobilisation' phase.”
- “On 12 March 2026, the Bank was renamed from Revolut NewCo UK Ltd to Revolut Bank UK Ltd.”
- “On 16 March 2026, Revolut Bank UK Ltd was launched and started onboarding new UK based customers of Revolut.”
- “On 6 March 2026, additional capital of £115m was received in cash from the parent company by way of issuance of 115 million ordinary shares at par.”
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 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-13 MA Memorandum articles
- 2026-05-13 RESOLUTIONS 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 | |
|---|---|---|---|---|
| 2026-05-13 | MA | incorporation | Memorandum articles | |
| 2026-05-13 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-09 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 2
- 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.