NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-04 (in 9mo)
Last made up 2026-01-21
Watchouts
None on the register
Cash
£35B
-27.3% vs 2023
Net assets
£23B
+7.9% vs 2023
Employees
54,800
-3.2% vs 2023
Profit before tax
£4B
+1% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £10,640,000,000 | £10,262,000,000 | |
| Operating profit | £3,293,000,000 | £3,010,000,000 | |
| Profit before tax | £3,509,000,000 | £3,545,000,000 | |
| Net profit | £3,509,000,000 | £3,425,000,000 | |
| Cash | £48,259,000,000 | £35,095,000,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £21,430,000,000 | £23,118,000,000 | |
| Equity | £21,430,000,000 | £23,118,000,000 | |
| Average employees | 56,600 | 54,800 | |
| Wages | £2,407,000,000 | £2,598,000,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 30.9% | 29.3% | |
| Net margin | 33.0% | 33.4% | |
| Gearing (liabilities / total assets) | 94.8% | 94.6% |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In concluding on the appropriateness of the Group’s use of the going concern basis of accounting and, related disclosures, we considered the relevant facts and circumstances known to us...”
Group structure
- NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY · parent
- Merrles Ventures Ltd
- National Westminster Home Loans Ltd
- NatWest Group Plc
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 85 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOORE, Gary | Secretary | 2025-02-14 | — | — |
| BARNES, Francesca | Director | 2018-05-01 | Aug 1958 | British |
| COOK, Karin Alexandra | Director | 2025-05-05 | Aug 1966 | British |
| CRITCHLEY, Joshua Charles Macdonald | Director | 2025-11-03 | Sep 1970 | British |
| DONNELLY, Roisin Jane Catherine | Director | 2022-10-01 | Jun 1961 | British |
| FLYNN, Patrick Gerard | Director | 2018-06-01 | Dec 1960 | Irish |
| GOPALAN, Geeta | Director | 2024-07-01 | Jul 1964 | British |
| HAYTHORNTHWAITE, Richard Neil | Director | 2024-01-08 | Dec 1956 | British |
| HITCHCOCK, Albert Roger | Director | 2026-02-23 | Jan 1965 | British |
| LEWIS, Stuart Wilson | Director | 2023-04-01 | Oct 1965 | British |
| MURRAY, Katie | Director | 2019-01-01 | Jul 1969 | British |
| RENNISON, Mark Martin | Director | 2023-09-01 | Aug 1960 | British |
| THWAITE, John-Paul | Director | 2023-07-25 | Sep 1971 | British |
| WHITEHEAD, Gillian Rosemary | Director | 2025-01-08 | Mar 1977 | British |
| WILSON, Lena Cooper | Director | 2018-01-01 | Feb 1964 | British |
Show 85 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHWORTH, Mark Heddle | Secretary | 1995-01-10 | 1995-05-01 |
| CARGILL, Jan | Secretary | 2019-08-05 | 2025-02-14 |
| EARL, Jane | Secretary | 1993-05-11 | 1994-05-01 |
| GONSALVES, Patrick Anthony | Secretary | 1993-01-19 | 1993-05-01 |
| HAMMONDS, Peter James Scott | Secretary | — | 2000-05-04 |
| MCLEAN, Miller Roy | Secretary | 2000-03-06 | 2010-04-30 |
| STAPLES, Graham | Secretary | 1994-05-10 | 1994-05-01 |
| TAYLOR, Aileen Norma | Secretary | 2010-04-30 | 2019-08-05 |
| ALEXANDER OF WEEDON, Robert Scott, Lord | Director | — | 1999-04-20 |
| ANGUS, Michael Richardson, Sir | Director | — | 2000-03-06 |
| BANHAM, John Michael Middlecott, Sir | Director | 1992-07-01 | 1998-04-21 |
| BEALE, Graham John | Director | 2018-05-01 | 2023-08-31 |
| BIRLEY, Susan Joyce, Professor | Director | 1996-03-01 | 2000-03-06 |
| BLYTH OF ROWINGTON, James, Lord | Director | 1998-04-15 | 2000-03-06 |
| BOSTOCK, Nathan Mark | Director | 2013-10-01 | 2014-05-28 |
| BOTIN, Emilio Botin Sanz De Sautuola Y Garcia De Los Rios | Director | 2000-03-06 | 2004-11-12 |
| BUCHAN, Colin Alexander Mason | Director | 2002-06-01 | 2011-08-05 |
| BUTLER, Richard Clive, Sir | Director | — | 1996-04-23 |
| CAMERON, John Alastair Nigel | Director | 2006-03-01 | 2008-10-13 |
| CHILD, Denis Marsden | Director | — | 1996-04-23 |
| CORMACK, Ian Donald | Director | 2018-05-01 | 2025-05-04 |
| CROMBIE, Alexander Maxwell, Sir | Director | 2009-06-01 | 2018-01-01 |
| CURRIE, James Mcgill, Dr | Director | 2001-11-28 | 2009-02-06 |
| DANGEARD, Franck Emmanuel | Director | 2016-05-16 | 2018-04-30 |
| DAVIES, Howard John | Director | 2015-07-14 | 2024-04-15 |
| DAVIS, Alison | Director | 2011-08-01 | 2020-03-31 |
| DELBRIDGE, Richard | Director | 1996-10-01 | 2000-04-30 |
| DI IORIO, Anthony | Director | 2011-09-01 | 2014-03-26 |
| EVANS, Richard Harry | Director | 1998-10-01 | 2000-03-06 |
| FAULCONER HEATHCOAT GRANT, Ian | Director | 2000-03-06 | 2000-12-02 |
| FISH, Lawrence Kingsbaker | Director | 2000-03-06 | 2008-12-31 |
| FISHER, Mark Andrew | Director | 2006-03-01 | 2008-11-21 |
| FLEMINGTON, Roger | Director | — | 1992-05-31 |
| FRIEDRICH, William Michael | Director | 2006-03-01 | 2009-02-06 |
| FRIIS, Morten Nicolai | Director | 2014-04-10 | 2023-07-31 |
| FROST, Thomas Pearson | Director | — | 1993-08-31 |
| GILLESPIE, Robert Andrew Joseph | Director | 2013-12-02 | 2022-12-15 |
| GOELTZ, Richard Karl | Director | — | 1996-09-03 |
| GOODWIN, Frederick Anderson, Sir | Director | 2000-03-06 | 2008-11-21 |
| GRAY, Martin Hamish Vincent | Director | 1993-05-11 | 1993-05-01 |
| GRAY, Martin Hamish Vincent | Director | — | 1999-10-31 |
| GROSSART, Angus Mcfarlane Mcleod, Sir | Director | 2000-03-06 | 2005-04-20 |
| HABGOOD, Anthony John | Director | 1998-04-15 | 2000-03-06 |
| HAMPTON, Philip Roy, Sir | Director | 2009-01-19 | 2015-08-31 |
| HARRIS, Martin Richard | Director | — | 1993-04-27 |
| HESTER, Stephen Alan Michael | Director | 2008-10-01 | 2013-09-30 |
| HORN, Bernard Philip | Director | 1995-10-10 | 2000-03-06 |
| HUGHES, John Edward | Director | 2017-06-21 | 2017-09-01 |
| HUGHES, Penelope Lesley | Director | 2010-01-01 | 2018-05-30 |
| HUNTER, Archibald Sinclair | Director | 2004-09-01 | 2010-04-28 |
| JETHA, Yasmin | Director | 2017-06-21 | 2026-03-31 |
| KENT, Pendarell Hugh | Director | 1997-09-01 | 2000-03-06 |
| KOCH, Charles John | Director | 2004-09-29 | 2009-02-06 |
| KONG, Janis Carol | Director | 2006-01-01 | 2009-02-06 |
| LIPWORTH, Sydney, Sir | Director | 1993-10-12 | 2000-03-06 |
| LITTLER, James Geoffrey, Sir | Director | — | 1992-08-04 |
| LORD HURD OF WESTWELL, Rt Hon | Director | 1995-10-10 | 1999-04-20 |
| MACHALE, Joseph Patrick | Director | 2004-09-01 | 2013-05-14 |
| MACKAY, Eileen Alison | Director | 2000-03-06 | 2005-12-31 |
| MACLAURIN, Ian Charter, Lord | Director | — | 1997-02-13 |
| MATHEWSON, George Ross, Sir | Director | 2000-03-06 | 2006-04-28 |
| MCEWAN, Ross Maxwell | Director | 2013-10-01 | 2019-10-31 |
| MCFARLANE, John | Director | 2008-10-01 | 2012-03-31 |
| MCKILLOP, Thomas Fulton Wilson, Sir | Director | 2005-09-01 | 2009-02-03 |
| MCLATCHIE, Cameron | Director | 2000-03-06 | 2002-04-25 |
| MCLUSKIE, Norman Cardie | Director | 2000-03-06 | 2004-08-23 |
| MELBOURN, John William | Director | — | 1997-10-31 |
| MORRIS, Albert | Director | — | 1994-10-31 |
| MYNERS, Paul | Director | 1997-08-05 | 2000-03-06 |
| NELSON, Brendan Robert | Director | 2010-04-01 | 2018-12-31 |
| NIXON, Edwin Ronald, Sir | Director | — | 1996-04-23 |
| NOAKES, Sheila Valerie, Baroness | Director | 2011-08-01 | 2020-07-31 |
| OWEN, John Martin, Doctor | Director | 1992-06-15 | 1997-06-16 |
| PELL, Gordon Francis | Director | 2000-02-01 | 2010-03-31 |
| PILKINGTON, Anthony Richard, Sir | Director | — | 1994-04-26 |
| PITCHER, Desmond Henry, Sir | Director | 1994-06-01 | 1998-02-20 |
| POWELL, Charles David, Lord | Director | — | 1993-04-01 |
| POWELL OF BAYSWATER, Charles, Lord | Director | — | 2000-03-06 |
| QUIGLEY, William George Henry, Sir | Director | — | 1999-04-20 |
| ROBERTSON, Iain Samuel | Director | 2000-03-06 | 2005-04-20 |
| ROBSON, Stephen Arthur, Sir | Director | 2001-07-25 | 2009-02-06 |
| RODRIGUEZ INCIARTE, Juan | Director | 2000-03-06 | 2004-11-12 |
| ROGERS, Michael John | Director | 2016-01-26 | 2023-04-25 |
| ROSE-SLADE, Alison Marie | Director | 2018-12-03 | 2023-07-25 |
| ROWLAND, John David, Sir | Director | 1998-04-15 | 2000-03-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Natwest Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-01-01 | Active |
Filing timeline
Last 20 of 3045 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type group | |
| 2025-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-14 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-02-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-20 | AA | accounts | Accounts with accounts type group | |
| 2024-05-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-16 | TM01 | officers | Termination director company | |
| 2024-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-3.6%
£10,640,000,000 £10,262,000,000
-
Cash
-27.3%
£48,259,000,000 £35,095,000,000
-
Net assets
+7.9%
£21,430,000,000 £23,118,000,000
-
Employees
-3.2%
56,600 54,800
-
Operating profit
-8.6%
£3,293,000,000 £3,010,000,000
-
Profit before tax
+1%
£3,509,000,000 £3,545,000,000
-
Wages
+7.9%
£2,407,000,000 £2,598,000,000
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