THE CO-OPERATIVE BANK P.L.C.
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
Cash
£3B
+17.4% vs 2024
Net assets
£1B
+6.8% vs 2024
Employees
2,214
-31.3% vs 2024
Profit before tax
£53M
-26% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
a material uncertainty exists that may cast significant doubt about the Bank Group and Company's ability to continue as a going concern, as a result of the Group's potential future transfer of assets and liabilities.
Name history
Renamed 1 time since incorporation
- THE CO-OPERATIVE BANK P.L.C. 1993-01-10 → present
- CO-OPERATIVE BANK PUBLIC LIMITED COMPANY 1970-10-05 → 1993-01-10
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £508,500,000 | £483,300,000 | |
| Operating profit | — | — | |
| Profit before tax | £72,000,000 | £53,300,000 | |
| Net profit | £46,600,000 | £85,700,000 | |
| Cash | £2,586,000,000 | £3,035,200,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £1,270,800,000 | £1,357,600,000 | |
| Equity | £1,270,800,000 | £1,357,600,000 | |
| Average employees | 3,223 | 2,214 | |
| Wages | £153,200,000 | £130,700,000 |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Net margin | 9.2% | 17.7% | |
| Gearing (liabilities / total assets) | 95.0% | 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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“a material uncertainty exists that may cast significant doubt about the Bank Group and Company's ability to continue as a going concern, as a result of the Group's potential future transfer of assets and liabilities.”
Group structure
- THE CO-OPERATIVE BANK P.L.C. · parent
- Mortgage Agency Services Number One Limited 100%
- Mortgage Agency Services Number Two Limited 100%
- Mortgage Agency Services Number Four Limited 100%
- Mortgage Agency Services Number Five Limited 100%
- Mortgage Agency Services Number Six Limited 100%
- Platform Funding Limited 100%
- Second Roodhill Leasing Limited 100%
- Third Roodhill Leasing Limited 100%
- Fourth Roodhill Leasing Limited 100%
- Co-operative Bank Financial Advisers Limited 100%
- Britannia Pension Trustees Limited 100%
- BPS Principal Employer Limited 100%
- The Co-operative Bank Pension Trust Limited 100%
- Britannia New Homes (Scotland) Limited 50%
Significant events
- “During the year, the Company and its subsidiaries became a part of the Coventry Building Society group, following the acquisition of the Company's previous ultimate parent, The Co-operative Bank Holdings p.l.c., on 1 January 2025.”
- “During 2026, the Group expects to start the process to transfer the trade, assets and liabilities¹ of The Co-operative Bank into the Society. Completion is currently anticipated in 2027. While it is the intention of the Directors to proceed with this transfer, it will be subject to legal and regulatory approvals and there is currently no certainty that these approvals will be granted.”
- “Statutory profit before tax decreased due to one-off costs following the acquisition and integration of the Bank Group into the Group.”
- “Following the acquisition of the Company during the year and alignment to Group accounting policies, the 2024 summary income statement has been restated to reclassify certain elements of interest receivable, interest payable, and other income to net gains and losses on derivative financial instruments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 90 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREEN, Catherine Elizabeth | Secretary | 2020-04-06 | — | — |
| AMIRI, Iraj | Director | 2025-01-01 | Feb 1954 | British |
| HUGHES, Stephen James | Director | 2025-08-01 | May 1972 | British |
| KENRICK, Joanne Louise | Director | 2025-01-01 | Sep 1966 | British |
| MARSH, Caroline Suzanne | Director | 2025-01-01 | Dec 1963 | British |
| MELVILLE, Andrea | Director | 2025-06-02 | Nov 1976 | British |
| O'CONNOR, Brendan John | Director | 2025-01-01 | Jun 1965 | Irish |
| PARKER, Mark Ashley | Director | 2023-09-01 | Mar 1965 | British |
| RAYBOULD, Lee John | Director | 2026-03-23 | Mar 1973 | British |
| STEWART, Martin Alastair | Director | 2025-01-01 | Sep 1966 | British |
Show 90 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAGLEY, David William John | Secretary | 2017-10-06 | 2020-04-05 |
| BANCROFT, Kathrine Jane | Secretary | 2013-10-09 | 2013-12-02 |
| JONES, Roger Kenneth | Secretary | — | 1996-04-04 |
| LEES, Moira Ann | Secretary | 1996-04-04 | 2013-10-09 |
| MCKEOWN, Brona Rose | Secretary | 2013-12-02 | 2017-10-06 |
| AGAR, Tom | Director | — | 1996-05-19 |
| ANDERSON, David | Director | 2005-06-01 | 2009-07-31 |
| ARLOW, Alexander | Director | — | 1993-05-16 |
| ASHER, Alistair Hugh | Director | 2016-09-12 | 2017-09-01 |
| ASHER, Alistair Hugh | Director | 2013-12-31 | 2014-03-24 |
| BAINES, John Duncan | Director | 2014-10-01 | 2016-10-11 |
| BAKER-BATES, Rodney Pennington | Director | 2009-08-01 | 2012-07-31 |
| BEAUMONT, Martin Dudley | Director | 1996-05-22 | 2007-07-31 |
| BENNETT, Graham Roy | Director | — | 2009-06-06 |
| BESTER, Andrew John Milton | Director | 2018-07-09 | 2020-10-31 |
| BIRKETT, Aidan | Director | 2015-07-01 | 2018-03-14 |
| BLANCHETT, Christopher Brian | Director | 1996-05-22 | 2003-05-16 |
| BOOKER, Niall | Director | 2013-06-11 | 2016-12-31 |
| BOWDLER, Duncan Harvey | Director | 2009-07-08 | 2013-10-09 |
| BRALVER, Charles Norman | Director | 2015-04-23 | 2018-08-31 |
| BRITNELL, Louise Jeanette | Director | 2021-03-01 | 2025-03-31 |
| BULMER, Rodney Jensen | Director | 2013-05-18 | 2014-02-28 |
| BULMER, Rodney Jensen | Director | 2009-08-01 | 2011-06-16 |
| BURLTON, Robert Henry | Director | 2004-03-30 | 2010-04-15 |
| BURLTON, Robert Henry | Director | 1993-06-15 | 1993-06-01 |
| BURLTON, Robert Henry | Director | — | 2001-11-08 |
| BUTLER, Simon John | Director | 2003-01-28 | 2009-06-06 |
| CARSTENSEN, Laura Martine | Director | 2014-05-27 | 2018-12-31 |
| CLUTTERBUCK, Fiona Jane | Director | 2023-04-17 | 2025-03-07 |
| COATES, Richard | Director | 2013-01-16 | 2016-10-26 |
| COLEMAN, Liam John | Director | 2016-07-11 | 2018-07-20 |
| CONWAY, David Martin | Director | 1999-11-02 | 2001-03-28 |
| COPLEY, Paul David | Director | 2018-09-01 | 2019-12-31 |
| DARWIN, Keith William | Director | 2000-06-07 | 2004-05-23 |
| DAVIES, David Wyndham | Director | 2003-06-03 | 2013-06-12 |
| DAVIS, Christopher David | Director | 2019-07-23 | 2021-10-31 |
| DENCH, Robert Graham | Director | 2018-02-01 | 2025-01-01 |
| FIRTH, Michael Anthony | Director | — | 2002-12-12 |
| FLOWERS, Paul John, Rev | Director | 2009-06-08 | 2013-06-05 |
| FRANKLIN, Timothy Alan | Director | 2009-08-01 | 2011-06-16 |
| FYFE, George Lennox | Director | — | 2000-06-07 |
| GLOVER, Bryce Paul | Director | 2003-01-10 | 2003-05-30 |
| GODDARD, Richard Thomas | Director | 2002-11-08 | 2006-01-14 |
| GORVIN, Roger John | Director | — | 1993-10-05 |
| GRIGG, Edward Sebastian | Director | 2021-01-11 | 2025-01-01 |
| GUNTHER, Anne Margaret | Director | 2011-09-06 | 2014-05-30 |
| HARDIE, Richard Graeme Barclay | Director | 2013-05-01 | 2016-06-21 |
| HARRIS, Susan Elizabeth | Director | 2019-05-07 | 2025-01-01 |
| HARVEY, Peter John | Director | 2009-08-01 | 2013-10-09 |
| HEWITT, Paul William | Director | 2003-05-16 | 2012-09-21 |
| HIBBERD, Sally-Ann | Director | 2019-08-01 | 2022-07-31 |
| HIOM, Richard Michael | Director | 2025-04-01 | 2026-04-13 |
| HOLLAS, David Stuart | Director | 1997-12-10 | 2002-11-08 |
| HOLT, Dennis | Director | 2014-02-03 | 2018-03-14 |
| HUGHES, Dennis Trevor | Director | — | 1996-05-19 |
| HUGHES, Stephen James | Director | 2025-01-01 | 2025-06-02 |
| JACKSON, David James | Director | 1996-11-05 | 2003-05-16 |
| JONES, Brian Dolby | Director | — | 1993-04-30 |
| JONES, Christopher William | Director | 2009-08-01 | 2011-08-31 |
| KINGSLEY, Stephen Michael | Director | 2009-08-01 | 2011-06-16 |
| LANCASTER, Antony Philip Dawson | Director | 2004-05-27 | 2007-06-13 |
| LANDAU, Dennis Marcus, Sir | Director | — | 1993-06-01 |
| LAURIE, Maureen | Director | 2014-06-30 | 2017-09-01 |
| LEE, Phillip Andrew | Director | 2009-08-01 | 2011-06-16 |
| LEWIS, Kenneth John | Director | 1993-05-18 | 2002-11-12 |
| LOWTHER, Merlyn Vivienne | Director | 2011-09-07 | 2014-05-30 |
| MACDONALD, Sheila Paula Barbara | Director | 1999-11-02 | 2006-01-14 |
| MAHJOUR, Morteza | Director | 2019-12-12 | 2020-12-31 |
| MARKS, Peter Vincent | Director | 2009-06-09 | 2013-05-16 |
| MARPER, William John | Director | — | 2006-01-14 |
| MELMOTH, Graham John, Sir | Director | — | 2003-05-16 |
| MORTON, Terence | Director | 2006-02-02 | 2009-06-06 |
| NEWTON, Robert | Director | 2007-08-01 | 2013-10-09 |
| PARKHOUSE, Richard Kevin | Director | 2008-08-22 | 2009-07-31 |
| PATER, George Stephan, Mr. | Director | 2006-01-15 | 2008-08-22 |
| PEDELTY, Mervyn Kay, Sir | Director | 1997-09-08 | 2004-12-15 |
| PENNELL, Gerard Patrick | Director | 2008-08-22 | 2008-10-03 |
| PRESCOTT, William Alan | Director | — | 2000-04-19 |
| PYM, Richard | Director | 2013-06-11 | 2014-10-01 |
| REID, Bennett Lyle Edward | Director | 2009-06-08 | 2013-12-31 |
| REIZENSTEIN, Anthony Jonathan | Director | 2004-09-14 | 2010-12-07 |
| RICHARDSON, Neville Brian | Director | 2009-08-01 | 2011-07-22 |
| SHANNON, Craig Neil | Director | 2004-09-14 | 2007-08-20 |
| SINGH, Ranjit | Director | 2022-09-12 | 2025-01-01 |
| SKINNER, David | Director | 1992-07-14 | 1996-11-03 |
| SLAPE, Nicholas Stuart | Director | 2019-12-09 | 2025-02-13 |
| SLIMMON, Richard James | Director | 2021-01-11 | 2025-01-01 |
| SMITH, Glyn Michael | Director | 2016-10-10 | 2025-01-01 |
| SMITH, Kathryn Anne | Director | 2001-11-08 | 2009-06-06 |
| STOW, Graham Harold | Director | 2003-03-04 | 2009-06-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Co-Operative Bank Finance P.L.C | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-02-11 | Active |
| The Co-Operative Bank Holdings Limited | Corporate entity | Shares 75–100%, Voting 25–50%, Appoints directors | 2017-09-01 | Ceased 2019-02-11 |
Filing timeline
Last 20 of 575 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-25 RESOLUTIONS Resolution
- 2025-02-25 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-04 | AA | accounts | Accounts with accounts type group | |
| 2026-04-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-15 | ANNOTATION | miscellaneous | Legacy | |
| 2025-08-15 | ANNOTATION | miscellaneous | Legacy | |
| 2025-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-19 | AA | accounts | Accounts with accounts type group | |
| 2025-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-25 | MA | incorporation | Memorandum articles | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
-5%
£508,500,000 £483,300,000
-
Cash
+17.4%
£2,586,000,000 £3,035,200,000
-
Net assets
+6.8%
£1,270,800,000 £1,357,600,000
-
Employees
-31.3%
3,223 2,214
-
Profit before tax
-26%
£72,000,000 £53,300,000
-
Wages
-14.7%
£153,200,000 £130,700,000
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