NORTHERN BANK LIMITED
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Cash
£3B
-14.2% vs 2024
Net assets
£762M
+2.3% vs 2024
Employees
1,106
+4.7% vs 2024
Profit before tax
£250M
+14.8% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £398,358,000 | £430,522,000 | +8.1% | |
| Operating profit | £222,998,000 | £253,541,000 | +13.7% | |
| Profit before tax | £218,164,000 | £250,494,000 | +14.8% | |
| Net profit | £167,574,000 | £188,947,000 | +12.8% | |
| Cash | £3,468,175,000 | £2,975,769,000 | -14.2% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £745,038,000 | £762,076,000 | +2.3% | |
| Equity | £745,038,000 | £762,076,000 | +2.3% | |
| Average employees | 1,056 | 1,106 | +4.7% | |
| Wages | £55,412,000 | £58,413,000 | +5.4% | |
| Directors' remuneration | £2,120,000 | £2,058,000 | -2.9% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 56.0% | 58.9% | |
| Net margin | 42.1% | 43.9% | |
| Gearing (liabilities / total assets) | 94.9% | 95.2% | |
| Interest cover | 5.79x | 8.72x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Going forward, the Bank will continue to leverage our market leading position to deliver strong profitable growth whilst continuing to broaden our geographic diversification in the rest of the UK on targeted segments and deepen our investment in technology to support an efficient and effective range of propositions. The Directors have made an assessment of the Bank's ability to continue as a going concern and are satisfied that it is appropriate to do so for a period of at least twelve months from the date of approval of these financial statements.”
Group structure
- NORTHERN BANK LIMITED · parent
- Northern Bank Factors Limited 100%
- Northern Bank Pension Trust Limited 100%
- Northern Bank Nominees Limited 100%
- Northern Bank Properties Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 47 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STURGESS, Fiona | Secretary | 2017-10-01 | — | — |
| CALDWELL, William Richard | Director | 2022-09-07 | Feb 1967 | British |
| DAVIES, Victoria Anne | Director | 2016-11-11 | Jul 1975 | British |
| GREY, Astrid Cecile Helene | Director | 2020-02-28 | Nov 1964 | French |
| HAMILTON, Alastair David | Director | 2020-05-04 | Mar 1965 | British |
| KIDD, Michael | Director | 2025-07-01 | Sep 1971 | British |
| MATCHETT, Stephen Howard | Director | 2015-06-08 | Apr 1968 | British |
| STEWART, Martin Alastair | Director | 2020-01-21 | Sep 1966 | British |
| TURMORE, Michele Mavis | Director | 2022-12-05 | Sep 1959 | British |
| VAN DRIE, Michel Paul | Director | 2022-10-19 | Dec 1967 | Dutch |
| WOELDERS, Frans | Director | 2023-03-13 | Aug 1965 | Dutch |
Show 47 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOURKE, Lesley | Secretary | — | 2017-09-30 |
| ANDERSON, Tonny Thierry | Director | 2005-02-28 | 2007-05-02 |
| BEHRING, Berit Irene | Director | 2019-11-11 | 2023-01-16 |
| BLACK, Michael David | Director | 2016-04-18 | 2025-09-30 |
| BORGEN, Thomas Fredrick | Director | 2009-12-14 | 2013-03-01 |
| CHRISTENSEN, Bent Videbaek | Director | 2008-04-30 | 2012-03-29 |
| DEVONPORT, David Grant | Director | — | 1999-12-03 |
| DITMORE, James Martin | Director | 2015-04-30 | 2019-09-05 |
| EGERIIS, Carsten | Director | 2018-09-17 | 2021-01-01 |
| ELLIOTT, Margaret Mary | Director | — | 2004-09-29 |
| ENDERSBY, Robert Duncan | Director | 2012-11-26 | 2014-09-18 |
| ENGELS, Stephan | Director | 2021-02-09 | 2022-06-21 |
| FELL, David, Sir | Director | — | 2005-02-28 |
| GREENE, Eugene | Director | 2000-03-16 | 2005-02-28 |
| GREGORY, Gerald Arthur | Director | 2010-03-24 | 2022-12-31 |
| HALPIN, Philip Anthony | Director | 1999-06-01 | 1999-10-21 |
| HARKNESS, George Douglas Blow | Director | — | 2004-09-29 |
| JONES, Margaret Lesley | Director | 2014-03-26 | 2019-09-26 |
| KINGSTON, Kevin Paul | Director | 2012-12-03 | 2021-12-31 |
| KINNAIRD, Nicola | Director | 2011-08-17 | 2016-06-30 |
| KLEJNSTRUP, Jorgen Michael | Director | 2005-02-28 | 2007-05-02 |
| LYSTBAEK, Sven Erik | Director | 2010-01-28 | 2010-10-11 |
| LYSTBAEK, Sven Erik | Director | 2005-02-28 | 2007-05-02 |
| MALLON, Gerard Martin | Director | 2006-08-21 | 2015-12-17 |
| MCCANN, John | Director | 2005-07-05 | 2014-03-31 |
| MCFERRAN, Arthur John | Director | 2005-08-03 | 2014-03-31 |
| MCKEE, William Scott | Director | 2005-09-21 | 2013-01-26 |
| MCPHERSON, David John | Director | 2000-02-07 | 2003-07-16 |
| MITCHELL, Thomas | Director | 2007-05-02 | 2008-05-08 |
| MURPHY, Anthony Michael | Director | 1999-03-25 | 2000-12-08 |
| MØRCH, Lars Stensgaard | Director | 2012-11-06 | 2018-04-05 |
| O'CONNOR, Stephen | Director | 1999-06-29 | 1999-12-26 |
| PINNEY, Ross Edward | Director | 2003-03-27 | 2004-12-01 |
| PRICE, Donald | Director | — | 2011-06-30 |
| RAMLAU-HANSEN, Henrik | Director | 2016-08-18 | 2016-09-30 |
| ROONEY, Paul Gerald | Director | 2014-01-24 | 2020-03-31 |
| SAVAGE, Grahame Peter | Director | — | 2002-04-12 |
| SCHUBIGER, Georg | Director | 2008-05-08 | 2012-06-13 |
| SKOVHUS, Per Damborg | Director | 2010-01-27 | 2012-06-13 |
| SPAIN, Alexander Jerome | Director | 1999-07-29 | 1999-12-07 |
| STENSGAARD MOERCH, Lars | Director | 2007-05-02 | 2009-12-14 |
| STEWART, John Morrison | Director | 2003-09-03 | 2004-07-06 |
| STRAARUP, Peter | Director | 2005-02-28 | 2010-01-27 |
| TARGETT, Stephen Craig | Director | 2002-04-12 | 2003-02-10 |
| TEGNER, Kim Hendil | Director | 2010-01-28 | 2012-10-23 |
| TRETHOWAN, John | Director | 2001-09-18 | 2005-02-28 |
| VANZUYDEN, Owen Paul | Director | 2000-02-07 | 2001-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Danske Bank A/S | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 495 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-02 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2024-05-13 | CH01 | officers | Change person director company with change date | |
| 2024-05-08 | CH01 | officers | Change person director company with change date | |
| 2024-05-08 | CH01 | officers | Change person director company with change date | |
| 2024-05-08 | CH01 | officers | Change person director company with change date | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-07 | AA | accounts | Accounts with accounts type full | |
| 2023-03-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.