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the co-operative bank p.l.c.

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the co-operative bank p.l.c. Company Information

Share THE CO-OPERATIVE BANK P.L.C.
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MatureMegaLow

Company Number

00990937

Website

http://www.co-operativebank.co.uk

Registered Address

po box 101, 1 balloon street, manchester, M60 4EP

Industry

Banks

 

Telephone

03456006000

Next Accounts Due

June 2024

Group Structure

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Directors

Glyn Smith7 Years

Robert Dench6 Years

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Shareholders

undisclosed 87.6%

co-operative group ltd 12.5%

the co-operative bank p.l.c. Estimated Valuation

£1.5b

Pomanda estimates the enterprise value of THE CO-OPERATIVE BANK P.L.C. at £1.5b based on a Turnover of £667.2m and 2.22x industry multiple (adjusted for size and gross margin).

the co-operative bank p.l.c. Estimated Valuation

£2.4b

Pomanda estimates the enterprise value of THE CO-OPERATIVE BANK P.L.C. at £2.4b based on an EBITDA of £174.3m and a 13.65x industry multiple (adjusted for size and gross margin).

the co-operative bank p.l.c. Estimated Valuation

£6.2b

Pomanda estimates the enterprise value of THE CO-OPERATIVE BANK P.L.C. at £6.2b based on Net Assets of £1.3b and 4.74x industry multiple (adjusted for liquidity).

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The Co-operative Bank P.l.c. AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

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The Co-operative Bank P.l.c. Overview

The Co-operative Bank P.l.c. is a live company located in manchester, M60 4EP with a Companies House number of 00990937. It operates in the banks sector, SIC Code 64191. Founded in October 1970, it's largest shareholder is undisclosed with a 87.5% stake. The Co-operative Bank P.l.c. is a mature, mega sized company, Pomanda has estimated its turnover at £667.2m with low growth in recent years.

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The Co-operative Bank P.l.c. Health Check

Pomanda's financial health check has awarded The Co-Operative Bank P.L.C. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

1 Weak

size

Size

annual sales of £667.2m, make it larger than the average company (£54.9m)

£667.2m - The Co-operative Bank P.l.c.

£54.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (2.4%)

3% - The Co-operative Bank P.l.c.

2.4% - Industry AVG

production

Production

with a gross margin of 79.1%, this company has a comparable cost of product (79.1%)

79.1% - The Co-operative Bank P.l.c.

79.1% - Industry AVG

profitability

Profitability

an operating margin of 20.8% make it more profitable than the average company (14.8%)

20.8% - The Co-operative Bank P.l.c.

14.8% - Industry AVG

employees

Employees

with 2677 employees, this is above the industry average (146)

2677 - The Co-operative Bank P.l.c.

146 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.2k, the company has a lower pay structure (£93.9k)

£47.2k - The Co-operative Bank P.l.c.

£93.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £249.2k, this is equally as efficient (£291.2k)

£249.2k - The Co-operative Bank P.l.c.

£291.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12457 days, this is later than average (8627 days)

12457 days - The Co-operative Bank P.l.c.

8627 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 68113 days, this is slower than average (104 days)

68113 days - The Co-operative Bank P.l.c.

104 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Co-operative Bank P.l.c.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (9 weeks)

10 weeks - The Co-operative Bank P.l.c.

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.5%, this is a similar level of debt than the average (90.3%)

95.5% - The Co-operative Bank P.l.c.

90.3% - Industry AVG

the co-operative bank p.l.c. Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the co-operative bank p.l.c.. Get real-time insights into the co-operative bank p.l.c.'s credit score, group structure and payment trends.

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The Co-operative Bank P.l.c. Competitor Analysis

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Perform a competitor analysis for the co-operative bank p.l.c. by selecting its closest rivals and benchmarking them against 12 key performance metrics.

the co-operative bank p.l.c. directors

The Co-Operative Bank P.L.C. currently has 9 directors. The longest serving directors include Mr Glyn Smith (Oct 2016) and Mr Robert Dench (Feb 2018).

officercountryagestartendrole
Mr Glyn SmithUnited Kingdom71 years Oct 2016- Director
Mr Robert Dench74 years Feb 2018- Director
Ms Susan HarrisUnited Kingdom63 years May 2019- Director
Mr Nicholas SlapeUnited Kingdom61 years Dec 2019- Director
Mr Richard SlimmonUnited Kingdom58 years Jan 2021- Director
Ms Louise BritnellUnited Kingdom45 years Mar 2021- Director
Ranjit SinghUnited Kingdom61 years Sep 2022- Director
Mrs Fiona ClutterbuckUnited Kingdom66 years Apr 2023- Director
Mr Mark ParkerUnited Kingdom59 years Sep 2023- Director

THE CO-OPERATIVE BANK P.L.C. financials

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The Co-Operative Bank P.L.C.'s latest turnover from December 2022 is £667.2 million and the company has net assets of £1.3 billion. According to their latest financial statements, The Co-Operative Bank P.L.C. has 2,677 employees and maintains cash reserves of £5.3 billion as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover667,200,000510,300,000496,700,000606,700,000558,600,000666,900,000887,300,000953,500,0001,262,100,0001,499,900,0001,628,000,0001,795,700,0001,950,100,0001,284,500,000
Other Income Or Grants00000000000000
Cost Of Sales139,734,055126,587,047141,914,286230,014,958190,287,974223,813,976434,838,702536,486,789815,311,102745,928,090802,318,9661,211,824,011810,984,3120
Gross Profit527,465,945383,712,953354,785,714376,685,042368,312,026443,086,024452,461,298417,013,211446,788,898753,971,910825,681,034583,875,9891,139,115,6880
Admin Expenses388,465,945351,512,953436,885,714531,285,042514,512,026677,186,024929,861,2981,028,313,211711,588,8981,559,571,9101,500,581,034514,275,9891,080,115,688-172,500,000
Operating Profit139,000,00032,200,000-82,100,000-154,600,000-146,200,000-234,100,000-477,400,000-611,300,000-264,800,000-805,600,000-674,900,00069,600,00059,000,000172,500,000
Interest Payable0000000006,175,00010,474,75010,426,00016,825,25010,699,000
Interest Receivable191,927,75011,968,3753,015,65014,989,87522,034,62517,200,7506,908,37518,609,50025,460,25027,129,50030,324,00021,080,5008,606,0004,267,000
Pre-Tax Profit132,600,00031,100,000-103,700,000-152,100,000-140,700,000216,000,000-477,100,000-610,600,000-264,200,000-632,800,000-673,700,00054,200,00048,900,000164,600,000
Tax-110,500,000166,200,0008,000,000-900,00072,000,00016,700,00058,400,000-12,200,00039,000,000-144,500,000165,600,000-4,400,000-13,100,000-51,400,000
Profit After Tax22,100,000197,300,000-95,700,000-153,000,000-68,700,000232,700,000-418,700,000-622,800,000-225,200,000-777,300,000-508,100,00049,800,00035,800,000113,200,000
Dividends Paid00000000100,0000300,000000
Retained Profit22,100,000197,300,000-95,700,000-153,000,000-68,700,000232,700,000-418,700,000-623,300,000-226,700,000-778,200,000-509,400,00048,000,00035,200,000110,300,000
Employee Costs126,400,000129,800,000149,600,000162,600,000189,100,000200,000,000299,300,000287,500,000304,100,000274,600,000266,500,000329,500,000322,200,000226,900,000
Number Of Employees2,6772,6302,8903,3573,5473,9654,7665,7146,4027,5268,1078,3648,7465,993
EBITDA*174,300,00068,800,000-41,900,000-111,800,000-146,200,000-234,100,000-477,400,000-611,300,000-264,800,000-805,600,000-674,900,00069,600,00059,000,000172,500,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets203,100,00083,900,00059,200,00085,700,00076,300,00086,600,00095,700,000116,300,00099,300,000314,900,000455,600,000301,200,000357,500,000354,300,000
Intangible Assets90,000,00068,500,00063,400,00075,300,00072,400,00081,500,000100,100,000142,800,000103,700,000110,700,000263,200,00041,300,00045,700,00046,700,000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets293,100,000152,400,000122,600,000161,000,000148,700,000168,100,000195,800,000259,100,000203,000,000425,600,000718,800,000342,500,000403,200,000401,000,000
Stock & work in progress00000000000000
Trade Debtors22,771,800,00022,643,500,00020,557,100,00020,211,600,00020,346,900,00019,939,400,00024,088,400,00025,825,700,00031,879,000,00036,935,700,00042,952,200,00041,319,300,00043,416,900,00043,887,800,000
Group Debtors00000000000000
Misc Debtors00000000000000
Cash5,270,400,0005,696,900,0003,877,800,0002,153,500,0001,843,800,0004,032,100,0002,848,200,0002,678,500,0004,765,300,0005,418,800,0005,433,000,0006,696,600,0001,735,600,0001,706,800,000
misc current assets21,400,00020,300,00013,200,00021,700,00031,800,00024,700,00028,700,00043,500,00012,200,00016,500,00014,900,00018,700,00016,200,00030,100,000
total current assets28,305,000,00029,268,900,00025,476,900,00023,274,500,00022,954,100,00024,322,000,00027,213,900,00028,769,200,00037,379,900,00042,958,200,00049,054,000,00048,613,100,00045,178,100,00045,737,800,000
total assets28,598,100,00029,421,300,00025,599,500,00023,435,500,00023,102,800,00024,490,100,00027,409,700,00029,028,300,00037,582,900,00043,383,800,00049,772,800,00048,955,600,00045,581,300,00046,138,800,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 26,076,100,00027,015,000,00023,501,100,00021,500,200,00021,047,500,00022,700,100,00025,526,800,00026,436,500,00034,488,500,00040,505,100,00046,065,800,00044,975,800,00041,967,900,00042,483,300,000
Group/Directors Accounts00000000000000
other short term finances0000000000190,000,000132,300,000188,500,000329,200,000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities27,265,900,00027,635,500,00024,040,400,00021,692,500,00021,210,200,00022,826,100,00026,160,600,00027,118,000,00034,866,900,00040,962,600,00047,638,500,00046,580,500,00043,452,400,00044,209,900,000
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities33,200,00033,900,00084,700,000131,100,000142,500,000158,400,000290,600,000547,000,000736,000,000686,300,000317,500,000135,400,00087,400,00086,400,000
total liabilities27,299,100,00027,669,400,00024,125,100,00021,823,600,00021,352,700,00022,984,500,00026,451,200,00027,665,000,00035,602,900,00041,648,900,00047,956,000,00046,715,900,00043,539,800,00044,296,300,000
net assets1,299,000,0001,751,900,0001,474,400,0001,611,900,0001,750,100,0001,505,600,000958,500,0001,363,300,0001,980,000,0001,734,900,0001,816,800,0002,239,700,0002,041,500,0001,842,500,000
total shareholders funds1,299,000,0001,751,900,0001,474,400,0001,611,900,0001,750,100,0001,505,600,000958,500,0001,363,300,0001,980,000,0001,734,900,0001,816,800,0002,239,700,0002,041,500,0001,842,500,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit139,000,00032,200,000-82,100,000-154,600,000-146,200,000-234,100,000-477,400,000-611,300,000-264,800,000-805,600,000-674,900,00069,600,00059,000,000172,500,000
Depreciation35,300,00036,600,00040,200,00042,800,0000000000000
Amortisation00000000000000
Tax-110,500,000166,200,0008,000,000-900,00072,000,00016,700,00058,400,000-12,200,00039,000,000-144,500,000165,600,000-4,400,000-13,100,000-51,400,000
Stock00000000000000
Debtors128,300,0002,086,400,000345,500,000-135,300,000407,500,000-4,149,000,000-1,737,300,000-6,053,300,000-5,056,700,000-6,016,500,0001,632,900,000-2,097,600,000-470,900,00043,887,800,000
Creditors-938,900,0003,513,900,0002,000,900,000452,700,000-1,652,600,000-2,826,700,000-909,700,000-8,052,000,000-6,016,600,000-5,560,700,0001,090,000,0003,007,900,000-515,400,00042,483,300,000
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-1,003,400,0001,662,500,0001,621,500,000475,300,000-2,134,300,0001,104,900,000408,600,000-2,622,200,000-1,185,700,000-494,300,000-1,052,200,0005,170,700,0001,400,000-1,283,400,000
Investing Activities
capital expenditure-176,000,000-66,400,000-1,800,000-55,100,00019,400,00027,700,00063,300,000-56,100,000222,600,000293,200,000-376,300,00060,700,000-2,200,000-401,000,000
Change in Investments00000000000000
cash flow from investments-176,000,000-66,400,000-1,800,000-55,100,00019,400,00027,700,00063,300,000-56,100,000222,600,000293,200,000-376,300,00060,700,000-2,200,000-401,000,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 000000000-190,000,00057,700,000-56,200,000-140,700,000329,200,000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue-475,000,00080,200,000-41,800,00014,800,000313,200,000314,400,00013,900,0006,600,000471,800,000696,300,00086,500,000150,200,000163,800,0001,732,200,000
interest191,927,75011,968,3753,015,65014,989,87522,034,62517,200,7506,908,37518,609,50025,460,25020,954,50019,849,25010,654,500-8,219,250-6,432,000
cash flow from financing-283,072,25092,168,375-38,784,35029,789,875335,234,625331,600,75020,808,37525,209,500497,260,250527,254,500164,049,250104,654,50014,880,7502,054,968,000
cash and cash equivalents
cash-426,500,0001,819,100,0001,724,300,000309,700,000-2,188,300,0001,183,900,000169,700,000-2,086,800,000-653,500,000-14,200,000-1,263,600,0004,961,000,00028,800,0001,706,800,000
overdraft00000000000000
change in cash-426,500,0001,819,100,0001,724,300,000309,700,000-2,188,300,0001,183,900,000169,700,000-2,086,800,000-653,500,000-14,200,000-1,263,600,0004,961,000,00028,800,0001,706,800,000

P&L

December 2022

turnover

667.2m

+31%

operating profit

139m

+332%

gross margin

79.1%

+5.14%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

1.3b

-0.26%

total assets

28.6b

-0.03%

cash

5.3b

-0.07%

net assets

Total assets minus all liabilities

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the co-operative bank p.l.c. company details

company number

00990937

Type

Public limited with Share Capital

industry

64191 - Banks

incorporation date

October 1970

age

54

accounts

Group

ultimate parent company

THE CO-OPERATIVE BANK HOLDINGS P.L.C.

previous names

co-operative bank public limited company (January 1993)

incorporated

UK

address

po box 101, 1 balloon street, manchester, M60 4EP

last accounts submitted

December 2022

the co-operative bank p.l.c. Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 27 charges/mortgages relating to the co-operative bank p.l.c.. Currently there are 22 open charges and 5 have been satisfied in the past.

charges

the co-operative bank p.l.c. Companies House Filings - See Documents

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