hsbc innovation bank limited
hsbc innovation bank limited Company Information
Company Number
12546585
Next Accounts
Sep 2025
Shareholders
hsbc uk bank plc
Group Structure
View All
Industry
Banks
Registered Address
alphabeta 14-18 finsbury square, london, EC2A 1BR
Website
svb.comhsbc innovation bank limited Estimated Valuation
Pomanda estimates the enterprise value of HSBC INNOVATION BANK LIMITED at £764.5k based on a Turnover of £603.4k and 1.27x industry multiple (adjusted for size and gross margin).
hsbc innovation bank limited Estimated Valuation
Pomanda estimates the enterprise value of HSBC INNOVATION BANK LIMITED at £208k based on an EBITDA of £37.7k and a 5.52x industry multiple (adjusted for size and gross margin).
hsbc innovation bank limited Estimated Valuation
Pomanda estimates the enterprise value of HSBC INNOVATION BANK LIMITED at £6m based on Net Assets of £1.4m and 4.45x industry multiple (adjusted for liquidity).
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Hsbc Innovation Bank Limited Overview
Hsbc Innovation Bank Limited is a live company located in london, EC2A 1BR with a Companies House number of 12546585. It operates in the banks sector, SIC Code 64191. Founded in April 2020, it's largest shareholder is hsbc uk bank plc with a 100% stake. Hsbc Innovation Bank Limited is a young, small sized company, Pomanda has estimated its turnover at £603.4k with unknown growth in recent years.
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Hsbc Innovation Bank Limited Health Check
Pomanda's financial health check has awarded Hsbc Innovation Bank Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £603.4k, make it smaller than the average company (£62.6m)
£603.4k - Hsbc Innovation Bank Limited
£62.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Hsbc Innovation Bank Limited
- - Industry AVG
Production
with a gross margin of 65.5%, this company has a comparable cost of product (65.5%)
65.5% - Hsbc Innovation Bank Limited
65.5% - Industry AVG
Profitability
an operating margin of 6.1% make it less profitable than the average company (14.4%)
6.1% - Hsbc Innovation Bank Limited
14.4% - Industry AVG
Employees
with 646 employees, this is above the industry average (138)
646 - Hsbc Innovation Bank Limited
138 - Industry AVG
Pay Structure
on an average salary of £170.1, the company has a lower pay structure (£99.1k)
£170.1 - Hsbc Innovation Bank Limited
£99.1k - Industry AVG
Efficiency
resulting in sales per employee of £934, this is less efficient (£377k)
£934 - Hsbc Innovation Bank Limited
£377k - Industry AVG
Debtor Days
it gets paid by customers after 5321 days, this is near the average (5182 days)
5321 days - Hsbc Innovation Bank Limited
5182 days - Industry AVG
Creditor Days
its suppliers are paid after 4472 days, this is slower than average (86 days)
4472 days - Hsbc Innovation Bank Limited
86 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hsbc Innovation Bank Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hsbc Innovation Bank Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.8%, this is a similar level of debt than the average (90.1%)
84.8% - Hsbc Innovation Bank Limited
90.1% - Industry AVG
HSBC INNOVATION BANK LIMITED financials
Hsbc Innovation Bank Limited's latest turnover from December 2023 is £603.4 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Hsbc Innovation Bank Limited has 646 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | May 2022 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 603,351 | 147,269 | -5 | |
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | 36,833 | |||
| Interest Payable | 0 | 0 | ||
| Interest Receivable | 0 | 0 | ||
| Pre-Tax Profit | 36,833 | 88,072 | -477 | |
| Tax | -54,178 | -27,067 | 0 | |
| Profit After Tax | -17,345 | 61,005 | -477 | |
| Dividends Paid | 0 | 0 | 0 | |
| Retained Profit | -17,345 | 61,005 | -477 | |
| Employee Costs | 109,914 | 36,846 | 455 | |
| Number Of Employees | 646 | 251 | 7 | |
| EBITDA* | 37,668 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | May 2022 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 2,057 | 10,258,700 | 45 | 0 |
| Intangible Assets | 0 | 11,080 | 0 | 0 |
| Investments & Other | 0 | 10,258,700 | 45 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,057 | 10,269,780 | 45 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,796,778 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 166,756 | 0 | 0 |
| Cash | 0 | 2,064,343 | 0 | 1 |
| misc current assets | 131,863 | 0 | 0 | 0 |
| total current assets | 8,928,641 | 2,231,560 | 0 | 1 |
| total assets | 8,930,698 | 12,501,340 | 45 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,550,898 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 74,354 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 11,124,027 | 522 | 0 |
| total current liabilities | 7,532,029 | 11,124,027 | 522 | 0 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 4,658 | 0 | 0 |
| total long term liabilities | 42,208 | 2,329 | 0 | 0 |
| total liabilities | 7,574,237 | 11,126,356 | 522 | 0 |
| net assets | 1,356,461 | 1,374,984 | -477 | 1 |
| total shareholders funds | 1,356,461 | 1,374,984 | -477 | 1 |
| Dec 2023 | Dec 2022 | May 2022 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 36,833 | |||
| Depreciation | 835 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | |
| Tax | -54,178 | -27,067 | 0 | |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 8,630,022 | 166,756 | 0 | 0 |
| Creditors | 2,550,898 | 0 | 0 | 0 |
| Accruals and Deferred Income | -11,124,027 | 11,124,027 | 522 | 0 |
| Deferred Taxes & Provisions | -4,658 | 4,658 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -10,258,700 | 10,258,700 | 45 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 74,354 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | 0 | 0 | ||
| cash flow from financing | 1,313,979 | 0 | ||
| cash and cash equivalents | ||||
| cash | -2,064,343 | 2,064,343 | 0 | 1 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -2,064,343 | 2,064,343 | 0 | 1 |
hsbc innovation bank limited Credit Report and Business Information
Hsbc Innovation Bank Limited Competitor Analysis
Perform a competitor analysis for hsbc innovation bank limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
hsbc innovation bank limited Ownership
HSBC INNOVATION BANK LIMITED group structure
Hsbc Innovation Bank Limited has no subsidiary companies.
Ultimate parent company
HSBC INNOVATION BANK LIMITED
12546585
hsbc innovation bank limited directors
Hsbc Innovation Bank Limited currently has 6 directors. The longest serving directors include Mrs Erin Platts (Apr 2020) and Mrs Astrid Grey (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Erin Platts | England | 43 years | Apr 2020 | - | Director |
| Mrs Astrid Grey | United Kingdom | 60 years | Feb 2021 | - | Director |
| Ms Helen Heslop | Scotland | 55 years | Feb 2021 | - | Director |
| Mr Stuart Tait | England | 62 years | Jun 2023 | - | Director |
| Ms Mridul Hegde | United Kingdom | 57 years | Jun 2023 | - | Director |
| Mr Thomas Wolfenden | United Kingdom | 48 years | Aug 2023 | - | Director |
P&L
December 2023turnover
603.4k
+310%
operating profit
36.8k
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
1.4m
-0.01%
total assets
8.9m
-0.29%
cash
0
-1%
net assets
Total assets minus all liabilities
Similar Companies
hsbc innovation bank limited company details
company number
12546585
Type
Private limited with Share Capital
industry
64191 - Banks
incorporation date
April 2020
age
5
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
silicon valley bank uk limited (June 2023)
svbuk ltd (July 2022)
accountant
-
auditor
HAMISH ANDERSON
address
alphabeta 14-18 finsbury square, london, EC2A 1BR
Bank
-
Legal Advisor
-
hsbc innovation bank limited 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 hsbc innovation bank limited.
hsbc innovation bank limited 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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hsbc innovation bank limited Companies House Filings - See Documents
| date | description | view/download |
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