atom bank plc
atom bank plc Company Information
Company Number
08632552
Next Accounts
Sep 2025
Shareholders
atom holdco limited
Group Structure
View All
Industry
Banks
Registered Address
the rivergreen centre, aykley heads, durham, DH1 5TS
Website
www.atombank.co.ukatom bank plc Estimated Valuation
Pomanda estimates the enterprise value of ATOM BANK PLC at £950.7m based on a Turnover of £429.9m and 2.21x industry multiple (adjusted for size and gross margin).
atom bank plc Estimated Valuation
Pomanda estimates the enterprise value of ATOM BANK PLC at £0 based on an EBITDA of £-143.2m and a 8.49x industry multiple (adjusted for size and gross margin).
atom bank plc Estimated Valuation
Pomanda estimates the enterprise value of ATOM BANK PLC at £1.8b based on Net Assets of £403.8m and 4.44x industry multiple (adjusted for liquidity).
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Atom Bank Plc Overview
Atom Bank Plc is a live company located in durham, DH1 5TS with a Companies House number of 08632552. It operates in the banks sector, SIC Code 64191. Founded in July 2013, it's largest shareholder is atom holdco limited with a 100% stake. Atom Bank Plc is a established, mega sized company, Pomanda has estimated its turnover at £429.9m with rapid growth in recent years.
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Atom Bank Plc Health Check
Pomanda's financial health check has awarded Atom 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
3 Regular
1 Weak
Size
annual sales of £429.9m, make it larger than the average company (£65.4m)
£429.9m - Atom Bank Plc
£65.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 144%, show it is growing at a faster rate (27.2%)
144% - Atom Bank Plc
27.2% - Industry AVG
Production
with a gross margin of 59.7%, this company has a comparable cost of product (59.7%)
59.7% - Atom Bank Plc
59.7% - Industry AVG
Profitability
an operating margin of -36.3% make it less profitable than the average company (13.7%)
-36.3% - Atom Bank Plc
13.7% - Industry AVG
Employees
with 504 employees, this is above the industry average (152)
504 - Atom Bank Plc
152 - Industry AVG
Pay Structure
on an average salary of £64.9k, the company has a lower pay structure (£101.4k)
£64.9k - Atom Bank Plc
£101.4k - Industry AVG
Efficiency
resulting in sales per employee of £853k, this is more efficient (£424.1k)
£853k - Atom Bank Plc
£424.1k - Industry AVG
Debtor Days
it gets paid by customers after 3957 days, this is near the average (4133 days)
3957 days - Atom Bank Plc
4133 days - Industry AVG
Creditor Days
its suppliers are paid after 12104 days, this is slower than average (64 days)
12104 days - Atom Bank Plc
64 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Atom Bank Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (11 weeks)
18 weeks - Atom Bank Plc
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a similar level of debt than the average (89.9%)
94.4% - Atom Bank Plc
89.9% - Industry AVG
ATOM BANK PLC financials
Atom Bank Plc's latest turnover from March 2024 is £429.9 million and the company has net assets of £403.8 million. According to their latest financial statements, Atom Bank Plc has 504 employees and maintains cash reserves of £2.4 billion as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 429,900,000 | 198,800,000 | 81,584,000 | 29,592,000 | 46,643,000 | 36,531,000 | 18,695,000 | 1,110,000 | 46,000 | 13,000 | |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | -56,812,000 | -48,762,000 | -48,380,000 | -38,795,000 | -23,331,000 | -6,342,000 | -816,444 | ||||
| Interest Payable | |||||||||||
| Interest Receivable | 267 | ||||||||||
| Pre-Tax Profit | 6,700,000 | -10,000,000 | -17,280,000 | -62,326,000 | -66,460,000 | -80,239,000 | -79,857,000 | -42,212,000 | -23,935,000 | -6,485,000 | -816,177 |
| Tax | 5,600,000 | 4,400,000 | 5,353,000 | 43,000 | 1,420,000 | 614,000 | |||||
| Profit After Tax | 12,300,000 | -5,600,000 | -11,927,000 | -62,326,000 | -66,460,000 | -80,239,000 | -79,857,000 | -42,169,000 | -22,515,000 | -5,871,000 | -816,177 |
| Dividends Paid | |||||||||||
| Retained Profit | 12,300,000 | -5,600,000 | -11,927,000 | -62,326,000 | -66,460,000 | -80,239,000 | -79,857,000 | -42,169,000 | -22,515,000 | -5,871,000 | -816,177 |
| Employee Costs | 32,700,000 | 31,300,000 | 25,882,000 | 24,183,000 | 20,554,000 | 23,026,000 | 21,814,000 | 19,321,000 | 11,580,000 | 3,177,000 | 397,956 |
| Number Of Employees | 504 | 452 | 424 | 403 | 357 | 330 | 303 | 216 | 94 | 31 | 1 |
| EBITDA* | -55,835,000 | -48,488,000 | -48,380,000 | -38,795,000 | -23,331,000 | -6,342,000 | -813,801 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,200,000 | 13,000,000 | 9,421,000 | 4,865,000 | 5,638,000 | 562,000 | 539,000 | 722,000 | 1,904,000 | 971,000 | 66,174 |
| Intangible Assets | 41,600,000 | 37,800,000 | 36,129,000 | 35,889,000 | 36,646,000 | 29,720,000 | 34,109,000 | 30,546,000 | 19,341,000 | 3,695,000 | 458,286 |
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 58,800,000 | 50,800,000 | 45,550,000 | 40,754,000 | 42,284,000 | 30,282,000 | 34,648,000 | 31,268,000 | 21,245,000 | 4,666,000 | 524,460 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 4,661,000,000 | 3,509,900,000 | 3,012,524,000 | 2,443,464,000 | 2,371,598,000 | 2,498,933,000 | 1,549,725,000 | 186,458,000 | 6,559,000 | 37,000 | |
| Group Debtors | |||||||||||
| Misc Debtors | 37,529 | ||||||||||
| Cash | 2,405,000,000 | 4,177,500,000 | 1,453,596,000 | 344,184,000 | 368,268,000 | 252,109,000 | 364,309,000 | 419,765,000 | 7,240,000 | 5,182,000 | 2,297,634 |
| misc current assets | |||||||||||
| total current assets | 7,166,100,000 | 7,750,600,000 | 4,512,965,000 | 2,812,273,000 | 2,759,216,000 | 2,767,927,000 | 1,922,202,000 | 617,569,000 | 16,244,000 | 7,425,000 | 2,335,163 |
| total assets | 7,224,900,000 | 7,801,400,000 | 4,558,515,000 | 2,853,027,000 | 2,801,500,000 | 2,798,209,000 | 1,956,850,000 | 648,837,000 | 37,489,000 | 12,091,000 | 2,859,623 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 5,747,300,000 | 6,551,300,000 | 4,249,509,000 | 2,678,291,000 | 2,569,195,000 | 2,526,435,000 | 1,795,008,000 | 538,184,000 | 10,000 | 241,838 | |
| Group/Directors Accounts | |||||||||||
| other short term finances | 8,200,000 | 8,192,000 | 8,180,000 | 8,166,000 | 8,149,000 | 8,134,000 | |||||
| hp & lease commitments | |||||||||||
| other current liabilities | 275,423 | ||||||||||
| total current liabilities | 6,820,300,000 | 7,516,500,000 | 4,307,111,000 | 2,715,807,000 | 2,602,605,000 | 2,583,188,000 | 1,822,296,000 | 544,759,000 | 8,193,000 | 3,068,000 | 517,261 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 800,000 | 400,000 | 310,000 | 197,000 | 2,752,000 | 3,585,000 | 64,000 | 132,000 | |||
| total liabilities | 6,821,100,000 | 7,516,900,000 | 4,307,421,000 | 2,716,004,000 | 2,605,357,000 | 2,586,773,000 | 1,822,360,000 | 544,891,000 | 8,193,000 | 3,068,000 | 517,261 |
| net assets | 403,800,000 | 284,500,000 | 251,094,000 | 137,023,000 | 196,143,000 | 211,436,000 | 134,490,000 | 103,946,000 | 29,296,000 | 9,023,000 | 2,342,362 |
| total shareholders funds | 403,800,000 | 284,500,000 | 251,094,000 | 137,023,000 | 196,143,000 | 211,436,000 | 134,490,000 | 103,946,000 | 29,296,000 | 9,023,000 | 2,342,362 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -56,812,000 | -48,762,000 | -48,380,000 | -38,795,000 | -23,331,000 | -6,342,000 | -816,444 | ||||
| Depreciation | 12,700,000 | 11,300,000 | 1,064,000 | 1,045,000 | 977,000 | 274,000 | 2,643 | ||||
| Amortisation | |||||||||||
| Tax | 5,600,000 | 4,400,000 | 5,353,000 | 43,000 | 1,420,000 | 614,000 | |||||
| Stock | |||||||||||
| Debtors | 1,151,100,000 | 497,376,000 | 569,060,000 | 71,866,000 | -127,335,000 | 949,208,000 | 1,363,267,000 | 179,899,000 | 6,522,000 | -529 | 37,529 |
| Creditors | -804,000,000 | 2,301,791,000 | 1,571,218,000 | 109,096,000 | 42,760,000 | 731,427,000 | 1,256,824,000 | 538,174,000 | 10,000 | -241,838 | 241,838 |
| Accruals and Deferred Income | -275,423 | 275,423 | |||||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -334,069 | ||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | -8,200,000 | 8,000 | 12,000 | 14,000 | 17,000 | 15,000 | 8,134,000 | ||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | 267 | ||||||||||
| cash flow from financing | 3,158,806 | ||||||||||
| cash and cash equivalents | |||||||||||
| cash | -1,772,500,000 | 2,723,904,000 | 1,109,412,000 | -24,084,000 | 116,159,000 | -112,200,000 | -55,456,000 | 412,525,000 | 2,058,000 | 2,884,366 | 2,297,634 |
| overdraft | |||||||||||
| change in cash | -1,772,500,000 | 2,723,904,000 | 1,109,412,000 | -24,084,000 | 116,159,000 | -112,200,000 | -55,456,000 | 412,525,000 | 2,058,000 | 2,884,366 | 2,297,634 |
atom bank plc Credit Report and Business Information
Atom Bank Plc Competitor Analysis
Perform a competitor analysis for atom bank plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in DH1 area or any other competitors across 12 key performance metrics.
atom bank plc Ownership
ATOM BANK PLC group structure
Atom Bank Plc has no subsidiary companies.
atom bank plc directors
Atom Bank Plc currently has 11 directors. The longest serving directors include Mr Mark Mullen (Sep 2014) and Mr Sait Ozen (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Mullen | United Kingdom | 57 years | Sep 2014 | - | Director |
| Mr Sait Ozen | United Kingdom | 64 years | Apr 2016 | - | Director |
| Mr David Roper | England | 63 years | Jul 2018 | - | Director |
| Ms Cheryl Millington | United Kingdom | 58 years | Nov 2018 | - | Director |
| Mr Gonzalo Romera Lobo | England | 48 years | Mar 2019 | - | Director |
| Mr Laurence Hollingworth | England | 66 years | Sep 2021 | - | Director |
| Ms Christine Coe | England | 71 years | Oct 2021 | - | Director |
| Mr Andrew Marshall | England | 44 years | Nov 2022 | - | Director |
| Mr Lee Rochford | United Kingdom | 58 years | May 2023 | - | Director |
| Mr Murat Kalkan | United Kingdom | 37 years | Jan 2025 | - | Director |
P&L
March 2024turnover
429.9m
+116%
operating profit
-155.9m
0%
gross margin
59.7%
-22.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
403.8m
+0.42%
total assets
7.2b
-0.07%
cash
2.4b
-0.42%
net assets
Total assets minus all liabilities
atom bank plc company details
company number
08632552
Type
Public limited with Share Capital
industry
64191 - Banks
incorporation date
July 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
crossco (1337) plc (August 2015)
crossco (1337) limited (March 2014)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
the rivergreen centre, aykley heads, durham, DH1 5TS
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
atom 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 found 7 charges/mortgages relating to atom bank plc. Currently there are 2 open charges and 5 have been satisfied in the past.
atom 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 ATOM BANK PLC. This can take several minutes, an email will notify you when this has completed.
atom bank plc Companies House Filings - See Documents
| date | description | view/download |
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