SECURE TRUST BANK PUBLIC LIMITED COMPANY

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors confirm that the Group and the Company will be able to continue to operate within its available resources for at least 12 months from the date of this report. The Directors therefore consider it appropriate to prepare the annual Financial Statements on a going concern basis of accounting.”

Significant events

• “In October, we rolled out the enhanced capability of our AppToPay proposition in Retail Finance allowing the origination of new Retail Finance loans through Open-Banking. This provides the initial foundations for providing lending services to new customers in an improved digital journey.”
• “The BIFD review resulted in a larger stock of defaulted accounts in the motor finance portfolio and an associated loan impairment provision. The stock of defaulted accounts increased during the second half of the year, and as noted above, market conditions were not only creating headwinds, but also impacting the asset quality within the motor finance sector.”
• “Adjusted² profit before tax for the year ended 31 December 2024 increased by 18.0% to £100.9 million (2023: £85.5 million). Excluding impairment charges, which were impacted by new FCA regulatory expectations, and other exceptional items as explained in the following section, adjusted² profit before tax increased by 18.0% to £100.9 million (2023: £85.5 million).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

8

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +26.6%

  £351,600,000 → £445,000,000

• Net assets

  +1.2%

  £356,300,000 → £360,500,000

• Employees

  +4.7%

  874 → 915

• Operating profit

  +287.9%

  £11,600,000 → £45,000,000

• Profit before tax

  +8.3%

  £36,100,000 → £39,100,000

• Wages

  +6.1%

  £49,500,000 → £52,500,000

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