CLYDESDALE BANK PLC
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Cash
£11B
Latest balance sheet
Net assets
-£5.6B
Equity attributable
Employees
7,305
Average over period
Profit before tax
£186M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-09-30 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £665,000,000 | £615,000,000 | — | |
| Profit before tax | £356,000,000 | £186,000,000 | — | |
| Net profit | £238,000,000 | £150,000,000 | — | |
| Cash | £11,282,000,000 | £10,882,000,000 | — | |
| Total assets less current liabilities | — | — | — | |
| Net assets | — | — | — | |
| Equity | -£5,334,000,000 | -£5,609,000,000 | — | |
| Average employees | 7,166 | 7,305 | — | |
| Wages | £297,000,000 | £492,000,000 | — | |
| Directors' remuneration | £5,000,000 | £8,000,000 | — |
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 18 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2025-03-31 |
|---|---|---|---|
| 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 1 time since incorporation
- CLYDESDALE BANK PLC 2005-12-16 → present
- 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 Group's Directors have made an assessment of the Group's ability to continue as a going concern and are satisfied that the Group has the resources to continue in business for the foreseeable future.”
Group structure
- CLYDESDALE BANK PLC · parent
- Virgin Money Limited 100%
- Virgin Money Financial Service Limited 100%
- Virgin Money Giving Limited 100%
- Virgin Money Nominees Limited 100%
- Virgin Money Trustee Limited 100%
Significant events
- “The Group delivered a robust financial performance during the 18-month period to 31 March 2025, which included the acquisition of Virgin Money by Nationwide on 1 October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 86 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| 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 86 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 |
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 567 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2026-01-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | 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
- 12
- Officers resigned
- 6
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.