bank of georgia group plc
bank of georgia group plc Company Information
Company Number
10917019
Next Accounts
Jun 2025
Shareholders
undisclosed
Group Structure
View All
Industry
Banks
+1Registered Address
29 farm street, london, W1J 5RL
Website
bankofgeorgiagroup.combank of georgia group plc Estimated Valuation
Pomanda estimates the enterprise value of BANK OF GEORGIA GROUP PLC at £2b based on a Turnover of £1.1b and 1.71x industry multiple (adjusted for size and gross margin).
bank of georgia group plc Estimated Valuation
Pomanda estimates the enterprise value of BANK OF GEORGIA GROUP PLC at £3.2b based on an EBITDA of £345.2m and a 9.14x industry multiple (adjusted for size and gross margin).
bank of georgia group plc Estimated Valuation
Pomanda estimates the enterprise value of BANK OF GEORGIA GROUP PLC at £4.7b based on Net Assets of £1.4b and 3.28x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Bank Of Georgia Group Plc Overview
Bank Of Georgia Group Plc is a live company located in london, W1J 5RL with a Companies House number of 10917019. It operates in the banks sector, SIC Code 64191. Founded in August 2017, it's largest shareholder is undisclosed with a 100% stake. Bank Of Georgia Group Plc is a young, mega sized company, Pomanda has estimated its turnover at £1.1b with rapid growth in recent years.
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Bank Of Georgia Group Plc Health Check
Pomanda's financial health check has awarded Bank Of Georgia Group Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £1.1b, make it larger than the average company (£41.4m)
£1.1b - Bank Of Georgia Group Plc
£41.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 56%, show it is growing at a faster rate (12.2%)
56% - Bank Of Georgia Group Plc
12.2% - Industry AVG
Production
with a gross margin of 49.6%, this company has a comparable cost of product (49.6%)
49.6% - Bank Of Georgia Group Plc
49.6% - Industry AVG
Profitability
an operating margin of 28.9% make it more profitable than the average company (10.1%)
28.9% - Bank Of Georgia Group Plc
10.1% - Industry AVG
Employees
with 8855 employees, this is above the industry average (124)
8855 - Bank Of Georgia Group Plc
124 - Industry AVG
Pay Structure
on an average salary of £13.6k, the company has a lower pay structure (£74.4k)
£13.6k - Bank Of Georgia Group Plc
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £128.7k, this is less efficient (£291.3k)
£128.7k - Bank Of Georgia Group Plc
£291.3k - Industry AVG
Debtor Days
it gets paid by customers after 1869 days, this is earlier than average (2613 days)
1869 days - Bank Of Georgia Group Plc
2613 days - Industry AVG
Creditor Days
its suppliers are paid after 3828 days, this is slower than average (60 days)
3828 days - Bank Of Georgia Group Plc
60 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bank Of Georgia Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (13 weeks)
6 weeks - Bank Of Georgia Group Plc
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.3%, this is a higher level of debt than the average (72.8%)
84.3% - Bank Of Georgia Group Plc
72.8% - Industry AVG
BANK OF GEORGIA GROUP PLC financials
Bank Of Georgia Group Plc's latest turnover from December 2023 is £1.1 billion and the company has net assets of £1.4 billion. According to their latest financial statements, Bank Of Georgia Group Plc has 8,855 employees and maintains cash reserves of £893.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Dec 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,140,018,717 | 1,632,905,369 | 374,229,852 | 298,868,002 | 390,642,123 | 656,455,253 | 0 | 0 | 521,770,817 |
| Other Income Or Grants | 0 | ||||||||
| Cost Of Sales | 0 | ||||||||
| Gross Profit | 0 | ||||||||
| Admin Expenses | 0 | ||||||||
| Operating Profit | 219,913,956 | 98,048,667 | 192,490,661 | 0 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | 476,934,462 | 512,381,281 | 219,752,281 | 86,728,414 | 116,720,999 | 170,250,973 | 10,100,389 | 1,167 | 152,238,521 |
| Tax | -74,571,239 | -59,759,584 | -20,503,658 | -5,906,612 | -11,843,507 | -22,048,638 | 0 | 0 | -10,347,082 |
| Profit After Tax | 402,363,223 | 452,621,697 | 199,248,623 | 80,821,801 | 104,877,491 | 148,202,335 | 10,100,389 | 1,167 | 141,891,440 |
| Dividends Paid | 0 | 61,597,342 | 0 | 0 | 26,023,075 | 47,548,249 | 0 | 0 | 39,494,553 |
| Retained Profit | 286,411,541 | 389,616,337 | 198,341,052 | 80,449,401 | 78,374,659 | 134,940,467 | 10,100,389 | 1,167 | 140,835,798 |
| Employee Costs | 120,782,654 | 113,474,908 | 51,154,814 | 83,564,591 | 0 | 0 | 76,262,257 | ||
| Number Of Employees | 8,855 | 8,019 | 7,388 | 7,235 | 6,722 | ||||
| EBITDA* | 257,914,394 | 132,126,983 | 206,073,541 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Dec 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,639,397,604 | 223,558,286 | 1,428,464,911 | 1,442,112,734 | 126,944,199 | 2,620,872,762 | 1,935,646,693 | 0 | 964,364,980 |
| Intangible Assets | 100,152,615 | 57,296,179 | 48,667,416 | 43,613,022 | 29,293,266 | 45,415,175 | 0 | 0 | 45,235,798 |
| Investments & Other | 0 | 0 | 1,302,689,008 | 1,313,030,717 | 0 | 0 | 1,935,646,692 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,739,550,218 | 280,854,465 | 1,477,132,326 | 1,485,725,755 | 156,237,465 | 2,666,287,937 | 1,935,646,692 | 0 | 1,009,600,778 |
| Stock & work in progress | 0 | 0 | 3,155,125 | 2,833,420 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,839,749,769 | 7,411,360,373 | 0 | 0 | 3,217,356,408 | 2,553,562,645 | 0 | 0 | 3,601,291,439 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 62,645 | 68,093 | 0 |
| Misc Debtors | 0 | 0 | 11,201,600 | 7,561,176 | 0 | 0 | 5,723,735 | 0 | 0 |
| Cash | 893,176,687 | 1,123,669,561 | 416,672,238 | 540,091,250 | 451,777,638 | 473,073,541 | 0 | 0 | 615,733,463 |
| misc current assets | 10,801,371 | 13,670,188 | 4,499,383,443 | 3,978,980,078 | 8,943,151 | 17,235,019 | 0 | 0 | 58,193,774 |
| total current assets | 7,405,104,814 | 8,778,450,302 | 4,943,297,893 | 4,552,670,649 | 3,739,188,797 | 3,091,806,614 | 5,786,381 | 68,093 | 4,892,605,058 |
| total assets | 9,144,655,032 | 9,059,304,767 | 6,420,430,219 | 6,038,396,404 | 3,895,426,262 | 5,758,094,551 | 1,941,433,073 | 68,093 | 5,902,205,836 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,030,896,682 | 7,577,349,465 | 0 | 0 | 3,403,720,998 | 3,688,128,404 | 0 | 0 | 3,276,900,389 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 5,446,286,137 | 5,190,507,768 | 0 | 0 | 551,750,583 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 24,021,593 | 26,206,395 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 102,587,892 | 122,941,384 | 0 | 0 | 4,782,489 | 0 | 0 |
| total current liabilities | 7,699,182,791 | 7,727,510,892 | 5,572,895,624 | 5,339,655,550 | 3,444,218,376 | 3,736,662,645 | 556,533,074 | 0 | 4,839,026,848 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 6,080,108 | 5,406,701 | 0 | -1 | 1,994,336 | 1,324,790,272 | 0 | 0 | 121,310,505 |
| total liabilities | 7,705,262,900 | 7,732,917,593 | 5,572,895,624 | 5,339,655,549 | 3,446,212,712 | 5,061,452,918 | 556,533,074 | 0 | 4,960,337,354 |
| net assets | 1,439,392,133 | 1,326,387,173 | 843,730,578 | 695,625,737 | 449,213,551 | 696,641,634 | 1,384,899,999 | 68,093 | 941,868,482 |
| total shareholders funds | 1,439,392,133 | 1,326,387,174 | 843,730,578 | 695,625,736 | 449,213,551 | 696,641,634 | 1,384,900,000 | 68,093 | 941,868,482 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2018 | Dec 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 219,913,956 | 98,048,667 | 192,490,661 | 0 | |||||
| Depreciation | 16,293,481 | 24,502,711 | 25,653,687 | 22,726,824 | 8,259,073 | 13,582,879 | 0 | 0 | |
| Amortisation | 12,346,751 | 11,351,492 | 0 | 0 | |||||
| Tax | -74,571,239 | -59,759,584 | -20,503,658 | -5,906,612 | -11,843,507 | -22,048,638 | 0 | 0 | -10,347,082 |
| Stock | 0 | -3,155,125 | 321,705 | 2,833,420 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,571,610,604 | 7,400,158,773 | 3,640,424 | -3,209,795,232 | 663,793,763 | 2,553,494,552 | 5,718,288 | 68,093 | 3,601,291,439 |
| Creditors | -1,546,452,783 | 7,577,349,465 | 0 | -3,403,720,998 | -284,407,406 | 3,688,128,404 | 0 | 0 | 3,276,900,389 |
| Accruals and Deferred Income | 0 | -102,587,892 | -20,353,492 | 122,941,384 | 0 | 0 | 4,782,489 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 213,095,115 | 52,402,569 | -68,093 | ||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | -1,302,689,008 | -10,341,709 | 1,313,030,717 | 0 | 0 | 1,935,646,692 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -5,446,286,137 | 255,778,369 | 5,190,507,768 | 0 | 0 | 551,750,583 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -24,021,593 | -2,184,802 | 26,206,395 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 0 | 0 | |||||
| cash flow from financing | 203,357,357 | 5,382,676,947 | 1,926,482,101 | 66,926 | |||||
| cash and cash equivalents | |||||||||
| cash | -230,492,873 | 706,997,323 | -123,419,012 | 88,313,612 | -21,295,903 | 473,073,541 | 0 | 0 | 615,733,463 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -230,492,873 | 706,997,323 | -123,419,012 | 88,313,612 | -21,295,903 | 473,073,541 | 0 | 0 | 615,733,463 |
bank of georgia group plc Credit Report and Business Information
Bank Of Georgia Group Plc Competitor Analysis
Perform a competitor analysis for bank of georgia group plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in W1J area or any other competitors across 12 key performance metrics.
bank of georgia group plc Ownership
BANK OF GEORGIA GROUP PLC group structure
Bank Of Georgia Group Plc has 1 subsidiary company.
Ultimate parent company
BANK OF GEORGIA GROUP PLC
10917019
1 subsidiary
bank of georgia group plc directors
Bank Of Georgia Group Plc currently has 11 directors. The longest serving directors include Tamaz Georgadze (Feb 2018) and Mr Jonathan Muir (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Tamaz Georgadze | United Kingdom | 46 years | Feb 2018 | - | Director |
| Mr Jonathan Muir | Luxembourg | 62 years | Feb 2018 | - | Director |
| Mr Cecil Quillen | United Kingdom | 61 years | Feb 2018 | - | Director |
| Hanna-Leena Loikkanen | United Kingdom | 55 years | Feb 2018 | - | Director |
| Mrs Veronique McCarroll | United Kingdom | 60 years | Oct 2018 | - | Director |
| Mr Archil Gachechiladze | United Kingdom | 45 years | Jan 2019 | - | Director |
| Mrs. Mariam Megvinetukhutsesi | United Kingdom | 55 years | Mar 2021 | - | Director |
| Mr Mel Carvill | United Kingdom | 62 years | Mar 2022 | - | Director |
| Mr Mel Carvill | 62 years | Mar 2022 | - | Director | |
| Mr Andrew McIntyre | Wales | 68 years | Mar 2024 | - | Director |
P&L
December 2023turnover
1.1b
-30%
operating profit
328.9m
0%
gross margin
49.6%
-9.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4b
+0.09%
total assets
9.1b
+0.01%
cash
893.2m
-0.21%
net assets
Total assets minus all liabilities
bank of georgia group plc company details
company number
10917019
Type
Public limited with Share Capital
industry
64191 - Banks
70100 - Activities of head offices
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
bank of georgia group limited (February 2018)
accountant
-
auditor
ERNST & YOUNG LLP
address
29 farm street, london, W1J 5RL
Bank
-
Legal Advisor
-
bank of georgia group 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 bank of georgia group plc.
bank of georgia group 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.
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bank of georgia group plc Companies House Filings - See Documents
| date | description | view/download |
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