RELIANCE BANK LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-24 (in 1mo)
Last made up 2025-06-10
Watchouts
None on the register
Cash
£68M
-31.6% vs 2024
Net assets
£25M
+7.5% vs 2024
Employees
65
+3.2% vs 2024
Profit before tax
£1M
-25.4% vs 2024
Name history
Renamed 2 times since incorporation
- RELIANCE BANK LIMITED 1988-03-01 → present
- RELIANCE TRUST LIMITED 1980-12-31 → 1988-03-01
- RELIANCE BANK,LIMITED 1900-12-28 → 1980-12-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £9,090,242 | £9,577,790 | |
| Operating profit | £1,918,412 | £1,431,126 | |
| Profit before tax | £1,918,412 | £1,431,126 | |
| Net profit | £1,850,741 | £1,221,144 | |
| Cash | £99,657,428 | £68,150,991 | |
| Total assets less current liabilities | — | — | |
| Net assets | £22,999,662 | £24,721,622 | |
| Equity | £22,999,662 | £24,721,622 | |
| Average employees | 63 | 65 | |
| Wages | £3,230,739 | £3,678,385 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 21.1% | 14.9% | |
| Net margin | 20.4% | 12.7% | |
| Gearing (liabilities / total assets) | 91.7% | 90.7% | |
| Current ratio | 1.12x | 1.09x | |
| Interest cover | 0.66x | 0.29x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In accordance with their responsibilities, the Board has considered carefully the going concern assümption and believes that the Bank's business model, together with its conservative, robust risk management policies, place the Bank in a position where it can continue to generate positive returns and grow its business despite the challenging market conditions that the industry curren”
Significant events
- “The Bank closed to new mortgages business in September, focussing instead on the core products of SME and Charity business banking and social impact lending.”
- “Nikki Fenton was appointed as the new CEO, having previously been Deputy CEO and CFO.”
- “A significant refurbishment of the Lovat Lane building was undertaken in April to June 2024 successfully, without any business disruptions, including during the move to a temporary office for 12 weeks and back again.”
- “The Bank's shareholder invested an additional £3 million of ordinary share capital in May 2025 and committed to a further £2 million ordinary share capital later in 2025.”
- “In July 2025, the Board approved an additional gift aid payment of £0.4 million to the parent company, making the total gift payment for the financial year 2024/2025 for taxable purposes £0.5 million.”
- “The Bank made the decision to start remunerating its non-executive directors during the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 70 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WITTER, Kelly-Ann Natasha Jane | Secretary | 2024-09-02 | — | — |
| ANDERSON, Michael Connelly | Director | 2025-05-01 | Jun 1962 | British |
| CROFT, Martyn Richard | Director | 2017-09-21 | Feb 1952 | British |
| FENTON, Nicola Louise | Director | 2020-10-05 | May 1974 | British |
| HERRINGTON, Guy James | Director | 2021-05-04 | Mar 1960 | British |
| LISTER, Charles Robert | Director | 2025-03-01 | May 1960 | British |
| PAONE, Elizabeth Jane, Commissioner | Director | 2021-09-01 | Dec 1958 | British |
| SHAH, Megha Jitendra | Director | 2024-09-02 | Jun 1985 | British |
| SMITH, Jan Eileen | Director | 2021-04-01 | Apr 1947 | British |
| STYLIANIDES, George Eugene | Director | 2023-10-01 | Mar 1963 | British |
| VAN WIJNGAARDEN, Justin James | Director | 2019-06-20 | Dec 1967 | British |
Show 70 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHARMAN, Trevor | Secretary | 1992-01-01 | 1998-03-31 |
| DARE, Kevin Robert | Secretary | 2019-02-07 | 2020-10-05 |
| DAWS, Kenneth William, Lieut-Colonel | Secretary | — | 1992-01-01 |
| FENTON, Nicola Louise | Secretary | 2020-10-05 | 2024-09-02 |
| HUNT, Andrew John | Secretary | 2013-09-01 | 2019-02-07 |
| MEADS, Michael Rowland | Secretary | 1998-04-01 | 2008-10-03 |
| UNDERWOOD, Paul Nicholas | Secretary | 2008-10-03 | 2013-08-31 |
| AHUJA, Alka | Director | 2015-03-27 | 2021-09-01 |
| ASHTON, Edward | Director | 2000-05-17 | 2010-09-16 |
| BASSETT, Warren Todd, Comissioner | Director | 2000-09-13 | 2002-10-31 |
| BECKER, Gordon, Colonel | Director | 1992-11-09 | 2001-12-31 |
| BIRD, Patricia Jean, Commissioner | Director | 1994-11-01 | 1998-09-30 |
| BIRD, Patricia Jean | Director | — | 1991-09-03 |
| BIRKETT, Gerald Andrew | Director | 1994-10-01 | 2014-09-18 |
| BOOTHROYD, Nigel Wayne | Director | 2018-01-25 | 2020-12-31 |
| BROWN, Andrew Martin | Director | 2015-08-28 | 2020-09-17 |
| CHUNG, Edmund Liu, Lieut-Colonel | Director | 2008-06-26 | 2009-09-30 |
| CHUNG, Edmund Liu, Major | Director | 2001-05-09 | 2005-06-30 |
| COCHRANE, William, Commissioner | Director | 2006-09-21 | 2015-11-27 |
| COOPER, Robert David, Colonel | Director | 2000-01-12 | 2006-01-01 |
| COOPER, Robert David | Director | — | 1992-11-09 |
| COUPE, Ernest Chadwick, Lieut Colonel | Director | 1997-05-22 | 2001-06-30 |
| CROUCHER, Paul William | Director | 2018-02-08 | 2024-09-02 |
| DARE, Karen Yvonne | Director | 2012-08-01 | 2016-01-28 |
| DARE, Kevin Robert | Director | 2008-10-03 | 2020-10-16 |
| DAWS, Kenneth William, Lieut-Colonel | Director | — | 1994-10-31 |
| DEER, Philip Whitney | Director | 2000-03-08 | 2014-07-23 |
| EDWARDS, Alfred Kenneth | Director | 1992-10-01 | 2006-09-21 |
| FEATHERSTONE, Simon Andrew | Director | 2018-01-25 | 2021-03-31 |
| FLETT, John | Director | 1991-10-09 | 2000-01-12 |
| FOALE, Robin Douglas Anthony | Director | 2019-05-01 | 2025-02-28 |
| FUGE, Walter Jackman, Lt. Colonel | Director | 2010-02-18 | 2012-05-24 |
| GAUDION, Andrew Mark, Major | Director | 2011-06-01 | 2012-07-18 |
| HAWKINS, Peter Frederick | Director | — | 1994-10-31 |
| HAYES, Malcolm Sydney | Director | 2021-05-04 | 2024-05-04 |
| HINTON, David Paul | Director | 2005-09-22 | 2014-11-30 |
| HOUGHTON, Raymond Arthur, Colonel | Director | 2002-11-13 | 2006-06-30 |
| MALCOLM, Russell Owen | Director | 2020-08-01 | 2022-01-31 |
| MEADS, Michael Rowland | Director | 1997-11-19 | 2008-10-03 |
| NICHOLSON, Julie | Director | 2015-08-28 | 2021-12-31 |
| OWEN, John Martin, Doctor | Director | 1992-04-01 | 2000-01-12 |
| PEDDLE, Brian Donald, Colonel | Director | 2009-06-29 | 2011-06-30 |
| POKE, Allan Victor, Lieut Colonel | Director | 2003-11-14 | 2006-07-31 |
| PRICE, David Robert | Director | 2015-08-28 | 2017-12-01 |
| PROUTY, James Lawrence | Director | 2021-05-04 | 2023-03-31 |
| RAFFÉ, Victoria Genevieve | Director | 2015-08-28 | 2019-02-01 |
| READ, Alan, Lieut-Colonel | Director | 2008-03-20 | 2017-09-21 |
| RICH, Ivor William Wesley | Director | — | 1993-04-05 |
| RIVERS, William | Director | — | 1994-01-01 |
| ROBERTS, William Arthur, Commissioner | Director | 2005-02-01 | 2008-03-01 |
| ROWLANES, John Edmund, Lieut-Colonel | Director | 1993-12-08 | 2001-03-07 |
| SCOTT, Ian | Director | 2011-05-19 | 2018-01-25 |
| SHARP, Gordon Alan | Director | — | 1991-09-01 |
| SMITH, Trevor John | Director | 2006-06-08 | 2013-08-31 |
| STREET, Robert, Commissioner | Director | 2006-09-21 | 2009-06-01 |
| SUNDERLAND HAY, Claire Rosemary | Director | 2024-05-04 | 2025-02-28 |
| SWYERS, Baxter Gordon, Commissioner | Director | 1998-01-15 | 2000-08-31 |
| TAYLOR, Brian Eric, Commissioner | Director | 1998-10-01 | 2004-10-12 |
| TELFER, Ivor Stanley, Lieut-Colonel | Director | 2011-07-01 | 2014-03-31 |
| THOMPSON, Arthur Trounce, Dr | Director | 1994-01-04 | 1997-12-31 |
| TRIBBLE, Norman Reginald | Director | — | 1992-10-14 |
| UNDERWOOD, Paul Nicholas | Director | 2013-12-13 | 2018-02-28 |
| WAINWRIGHT, John Douglas, Commissioner | Director | 2013-05-01 | 2021-09-01 |
| WAINWRIGHT, John Douglas, Major | Director | 2003-11-14 | 2008-02-29 |
| WARNER, John Harold, Major | Director | 2012-06-21 | 2015-11-27 |
| WELANDER, Knud David, Colonel | Director | 2019-07-22 | 2020-05-31 |
| WILLS, Jeffrey Gilbert | Director | 2001-07-11 | 2011-06-01 |
| WOOD, Peter James, Lieut-Colonel | Director | 2002-01-23 | 2003-11-03 |
| WOODALL, Ann Margaret, Commissioner | Director | 2006-01-12 | 2013-04-30 |
| WOODALL, Ann Margaret | Director | 1991-10-09 | 1997-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Salvation Army Trustee Company | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2018-11-01 |
| The Salvation Army International Trustee Company | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 276 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-27 | SH01 | capital | Capital allotment shares | |
| 2025-07-28 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-06 | SH01 | capital | Capital allotment shares | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-03 | AUD | auditors | Auditors resignation company | |
| 2024-09-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-06-10 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+5.4%
£9,090,242 £9,577,790
-
Cash
-31.6%
£99,657,428 £68,150,991
-
Net assets
+7.5%
£22,999,662 £24,721,622
-
Employees
+3.2%
63 65
-
Operating profit
-25.4%
£1,918,412 £1,431,126
-
Profit before tax
-25.4%
£1,918,412 £1,431,126
-
Wages
+13.9%
£3,230,739 £3,678,385
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers