oaknorth bank plc
oaknorth bank plc Company Information
Company Number
08595042
Next Accounts
Jun 2025
Shareholders
oaknorth holdings limited
Group Structure
View All
Industry
Banks
Registered Address
3rd floor, 57, broadwick street, soho, london, W1F 9QS
Website
www.oaknorth.comoaknorth bank plc Estimated Valuation
Pomanda estimates the enterprise value of OAKNORTH BANK PLC at £1.1b based on a Turnover of £466.4m and 2.31x industry multiple (adjusted for size and gross margin).
oaknorth bank plc Estimated Valuation
Pomanda estimates the enterprise value of OAKNORTH BANK PLC at £1.9m based on an EBITDA of £218k and a 8.88x industry multiple (adjusted for size and gross margin).
oaknorth bank plc Estimated Valuation
Pomanda estimates the enterprise value of OAKNORTH BANK PLC at £3.9b based on Net Assets of £879.3m and 4.44x industry multiple (adjusted for liquidity).
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Oaknorth Bank Plc Overview
Oaknorth Bank Plc is a live company located in london, W1F 9QS with a Companies House number of 08595042. It operates in the banks sector, SIC Code 64191. Founded in July 2013, it's largest shareholder is oaknorth holdings limited with a 100% stake. Oaknorth Bank Plc is a established, mega sized company, Pomanda has estimated its turnover at £466.4m with rapid growth in recent years.
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Oaknorth Bank Plc Health Check
Pomanda's financial health check has awarded Oaknorth Bank Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
1 Weak
Size
annual sales of £466.4m, make it larger than the average company (£62.6m)
£466.4m - Oaknorth Bank Plc
£62.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 39%, show it is growing at a faster rate (17.1%)
39% - Oaknorth Bank Plc
17.1% - Industry AVG
Production
with a gross margin of 65.5%, this company has a comparable cost of product (65.5%)
65.5% - Oaknorth Bank Plc
65.5% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Oaknorth Bank Plc
- - Industry AVG
Employees
with 228 employees, this is above the industry average (138)
228 - Oaknorth Bank Plc
138 - Industry AVG
Pay Structure
on an average salary of £174.8k, the company has a higher pay structure (£99.1k)
£174.8k - Oaknorth Bank Plc
£99.1k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£377k)
£2m - Oaknorth Bank Plc
£377k - Industry AVG
Debtor Days
it gets paid by customers after 3203 days, this is earlier than average (5182 days)
3203 days - Oaknorth Bank Plc
5182 days - Industry AVG
Creditor Days
its suppliers are paid after 10981 days, this is slower than average (79 days)
10981 days - Oaknorth Bank Plc
79 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Oaknorth Bank Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (11 weeks)
17 weeks - Oaknorth Bank Plc
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.9%, this is a similar level of debt than the average (90.1%)
84.9% - Oaknorth Bank Plc
90.1% - Industry AVG
OAKNORTH BANK PLC financials
Oaknorth Bank Plc's latest turnover from December 2023 is £466.4 million and the company has net assets of £879.3 million. According to their latest financial statements, Oaknorth Bank Plc has 228 employees and maintains cash reserves of £1.6 billion as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 466,443,000 | 269,026,000 | 202,042,000 | 175,447,000 | 139,309,000 | 77,172,000 | 34,565,000 | 9,157,000 | 198,000 | |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 42,000 | |||||||||
| Gross Profit | 156,000 | |||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | 187,333,000 | 152,336,000 | 134,540,000 | 77,583,000 | 65,866,000 | 33,854,000 | 10,580,000 | -2,421,000 | -2,287,000 | -255,000 |
| Tax | -48,863,000 | -39,077,000 | -34,148,000 | -19,049,000 | -15,890,000 | -7,274,000 | -1,106,000 | |||
| Profit After Tax | 138,470,000 | 113,259,000 | 100,392,000 | 58,534,000 | 49,976,000 | 26,580,000 | 9,474,000 | -2,421,000 | -2,287,000 | -255,000 |
| Dividends Paid | ||||||||||
| Retained Profit | 138,470,000 | 113,259,000 | 100,392,000 | 58,534,000 | 49,976,000 | 26,580,000 | 9,474,000 | -2,421,000 | -2,287,000 | -255,000 |
| Employee Costs | 39,858,000 | 28,161,000 | 22,694,000 | 19,792,000 | 16,764,000 | 11,610,000 | 8,415,000 | 5,274,000 | 1,502,000 | 150,000 |
| Number Of Employees | 228 | 146 | 107 | 94 | 86 | 70 | 62 | 50 | 37 | 4 |
| EBITDA* | 218,000 | 284,000 | 378,000 | 1,397,000 | 1,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,554,000 | 1,317,000 | 1,356,000 | 2,116,000 | 1,132,732,000 | 3,816,000 | 3,109,000 | 171,991,000 | 3,914,000 | 782,000 |
| Intangible Assets | 19,544,000 | 18,497,000 | 28,000 | 168,000 | 204,000 | 240,000 | 276,000 | 312,000 | 350,000 | 247,000 |
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 22,098,000 | 19,814,000 | 1,384,000 | 2,284,000 | 1,132,936,000 | 4,056,000 | 3,385,000 | 172,303,000 | 4,264,000 | 1,029,000 |
| Stock & work in progress | ||||||||||
| Trade Debtors | 4,093,478,000 | 3,374,082,000 | 3,108,173,000 | 2,634,834,000 | 1,050,037,000 | 1,408,751,000 | 615,975,000 | 67,865,000 | ||
| Group Debtors | ||||||||||
| Misc Debtors | ||||||||||
| Cash | 1,637,314,000 | 1,235,711,000 | 446,374,000 | 469,459,000 | 540,035,000 | 356,881,000 | 148,376,000 | 51,175,000 | 36,477,000 | 105,000 |
| misc current assets | 4,174,000 | 946,000 | 628,000 | 540,000 | 1,225,000 | 54,030,000 | 3,000 | |||
| total current assets | 5,788,549,000 | 4,637,606,000 | 3,568,927,000 | 3,113,932,000 | 1,596,988,000 | 1,766,751,000 | 765,202,000 | 120,556,000 | 90,507,000 | 108,000 |
| total assets | 5,810,647,000 | 4,657,420,000 | 3,570,311,000 | 3,116,216,000 | 2,729,924,000 | 1,770,807,000 | 768,587,000 | 292,859,000 | 94,771,000 | 1,137,000 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 4,841,999,000 | 3,814,683,000 | 2,843,653,000 | 2,495,424,000 | 2,168,652,000 | 1,367,970,000 | 498,106,000 | 94,644,000 | 834,000 | 154,000 |
| Group/Directors Accounts | ||||||||||
| other short term finances | 30,141,000 | 49,778,000 | 49,678,000 | 49,559,000 | 49,459,000 | 49,358,000 | 10,939,000 | |||
| hp & lease commitments | ||||||||||
| other current liabilities | 47,000 | 58,000 | ||||||||
| total current liabilities | 4,925,517,000 | 3,913,035,000 | 2,940,993,000 | 2,587,252,000 | 2,259,553,000 | 1,440,394,000 | 514,752,000 | 101,511,000 | 11,820,000 | 212,000 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | 5,835,000 | 3,722,000 | 287,000 | 265,000 | 6,000 | 109,987,000 | ||||
| total liabilities | 4,931,352,000 | 3,916,757,000 | 2,940,993,000 | 2,587,539,000 | 2,259,818,000 | 1,440,394,000 | 514,758,000 | 211,498,000 | 11,820,000 | 212,000 |
| net assets | 879,295,000 | 740,663,000 | 629,318,000 | 528,677,000 | 470,106,000 | 330,413,000 | 253,829,000 | 81,361,000 | 82,951,000 | 925,000 |
| total shareholders funds | 879,295,000 | 740,663,000 | 629,318,000 | 528,677,000 | 470,106,000 | 330,413,000 | 253,829,000 | 81,361,000 | 82,951,000 | 925,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 218,000 | 284,000 | 378,000 | 1,397,000 | 1,448,000 | 1,000 | 1,000 | |||
| Amortisation | 10,000 | |||||||||
| Tax | -48,863,000 | -39,077,000 | -34,148,000 | -19,049,000 | -15,890,000 | -7,274,000 | -1,106,000 | |||
| Stock | ||||||||||
| Debtors | 719,396,000 | 265,909,000 | 473,339,000 | 1,584,797,000 | -358,714,000 | 792,776,000 | 548,110,000 | 67,865,000 | ||
| Creditors | 1,027,316,000 | 971,030,000 | 348,229,000 | 326,772,000 | 800,682,000 | 869,864,000 | 403,462,000 | 93,810,000 | 680,000 | 154,000 |
| Accruals and Deferred Income | -47,000 | -11,000 | 58,000 | |||||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | 213,000 | |||||||||
| Investing Activities | ||||||||||
| capital expenditure | -56,499,000 | |||||||||
| Change in Investments | ||||||||||
| cash flow from investments | -56,499,000 | |||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | -19,637,000 | 100,000 | 119,000 | 100,000 | 101,000 | 49,358,000 | -10,939,000 | 10,939,000 | ||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | 95,252,000 | 1,180,000 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | 401,603,000 | 789,337,000 | -23,085,000 | -70,576,000 | 183,154,000 | 208,505,000 | 97,201,000 | 14,698,000 | 36,372,000 | 105,000 |
| overdraft | ||||||||||
| change in cash | 401,603,000 | 789,337,000 | -23,085,000 | -70,576,000 | 183,154,000 | 208,505,000 | 97,201,000 | 14,698,000 | 36,372,000 | 105,000 |
oaknorth bank plc Credit Report and Business Information
Oaknorth Bank Plc Competitor Analysis
Perform a competitor analysis for oaknorth bank plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in W1F area or any other competitors across 12 key performance metrics.
oaknorth bank plc Ownership
OAKNORTH BANK PLC group structure
Oaknorth Bank Plc has 2 subsidiary companies.
Ultimate parent company
OAKNORTH HOLDINGS LTD
#0076329
1 parent
OAKNORTH BANK PLC
08595042
2 subsidiaries
oaknorth bank plc directors
Oaknorth Bank Plc currently has 10 directors. The longest serving directors include Mr Joel Perlman Azout (Dec 2013) and Mr Rishi Khosla (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joel Perlman Azout | England | 50 years | Dec 2013 | - | Director |
| Mr Rishi Khosla | 49 years | Dec 2013 | - | Director | |
| Mr Robert Burgess | England | 59 years | Jan 2015 | - | Director |
| Mr Edward Berk | England | 51 years | May 2017 | - | Director |
| Ms Katarzyna Robinski | England | 63 years | Nov 2020 | - | Director |
| Mr Rajesh Gupta | 55 years | Feb 2021 | - | Director | |
| Ms Carolyn Schuetz | England | 62 years | Jun 2021 | - | Director |
| Mr Timo Boldt | England | 40 years | Aug 2022 | - | Director |
| Lord Jonathan Turner | United Kingdom | 69 years | Jan 2024 | - | Director |
| Mr Nilan Peiris | England | 48 years | Sep 2024 | - | Director |
P&L
December 2023turnover
466.4m
+73%
operating profit
0
0%
gross margin
65.5%
-14.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
879.3m
+0.19%
total assets
5.8b
+0.25%
cash
1.6b
+0.32%
net assets
Total assets minus all liabilities
oaknorth bank plc company details
company number
08595042
Type
Public limited with Share Capital
industry
64191 - Banks
incorporation date
July 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
oaknorth bank limited (April 2018)
oaknorth limited (March 2015)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
3rd floor, 57, broadwick street, soho, london, W1F 9QS
Bank
-
Legal Advisor
-
oaknorth bank plc 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 did not find charges/mortgages relating to oaknorth bank plc.
oaknorth bank plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for OAKNORTH BANK PLC. This can take several minutes, an email will notify you when this has completed.
oaknorth bank plc Companies House Filings - See Documents
| date | description | view/download |
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