MBNA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-31 (in 8mo)
Last made up 2026-01-17
Watchouts
None on the register
Cash
£40M
-3% vs 2023
Net assets
£436M
+31.1% vs 2023
Employees
180
-39% vs 2023
Profit before tax
£263M
+31.1% vs 2023
Name history
Renamed 5 times since incorporation
- MBNA LIMITED 2012-11-22 → present
- MBNA EUROPE BANK LIMITED 2001-03-01 → 2012-11-22
- MBNA INTERNATIONAL BANK LIMITED 1993-08-16 → 2001-03-01
- MBNA INTERNATIONAL LIMITED 1993-03-17 → 1993-08-16
- MBNA LIMITED 1993-03-03 → 1993-03-17
- AYIOS LIMITED 1993-01-25 → 1993-03-03
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 | £699,364,000 | £713,363,000 | |
| Operating profit | — | — | |
| Profit before tax | £200,264,000 | £262,527,000 | |
| Net profit | £152,390,000 | £196,914,000 | |
| Cash | £41,057,000 | £39,808,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £332,317,000 | £435,609,000 | |
| Equity | £332,317,000 | £435,609,000 | |
| Average employees | 295 | 180 | |
| Wages | £8,981,000 | £6,697,000 |
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 |
|---|---|---|---|
| Net margin | 21.8% | 27.6% | |
| Gearing (liabilities / total assets) | 94.8% | 92.9% | |
| Current ratio | 3.47x | 7.09x |
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
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of the accounts. Thus they continue to adopt the going concern basis of accounting in preparing the Annual Report and Accounts.”
Group structure
- MBNA LIMITED · parent
- Loans.co.uk Limited 100%
Significant events
- “The Company's Gross loans and advances to customers have decreased by £335,842,000 (2023: decrease of £14,423,000), ending the year on £6,021,897,000 (2023: £6,357,739,000).”
- “Overall profit before tax increased in the year due to a decrease in impairment losses (including the release of judgemental adjustments - see page 18) partially offset by higher funding costs.”
- “The Company's competitive product offerings have resulted in 227,000 new accounts being acquired in 2024 (2023: 271,000).”
- “The current financial year has been a year of change and economic uncertainty, with the cost of living crisis, rising geopolitical tensions and an ongoing climate emergency.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 77 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MULHOLLAND, Alison Elizabeth | Secretary | 2008-01-01 | — | British |
| CAMPBELL, Melanie Candice | Director | 2023-09-29 | May 1974 | South African,British |
| GOGOI, Hiral | Director | 2026-03-31 | Aug 1979 | British |
| HIND, Annabel Christine | Director | 2023-06-15 | Jul 1973 | British |
| NAPIER, Richard Stewart | Director | 2025-04-30 | May 1969 | British |
| NORTH, Alan Mark | Director | 2025-07-28 | Oct 1977 | British |
Show 77 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PUMFREY, Donna Wendy | Secretary | 2005-04-01 | 2008-01-01 |
| RUSSELL, Robin | Secretary | — | 2005-04-01 |
| CMH SECRETARIES LIMITED | Corporate Nominee Secretary | 1993-01-25 | 1993-12-03 |
| AMBANI, Anish Bipin | Director | 2023-03-10 | 2023-09-29 |
| ARNUM, Dennis | Director | 2008-11-13 | 2010-06-21 |
| BARNES, Annette Marie | Director | 2007-09-26 | 2010-08-13 |
| BERICK, James | Director | 1993-09-16 | 2006-01-01 |
| BLEWETT, Patrick Michael | Director | 1996-01-01 | 1997-12-31 |
| BORKAKOTY, Amitav | Director | 2022-11-04 | 2025-04-30 |
| CASTON, Bobby | Director | 2012-11-29 | 2017-06-01 |
| CAWLEY, Charles | Director | 1993-09-16 | 2002-04-24 |
| CAWLEY, Michael | Director | 2001-02-05 | 2003-11-30 |
| CHATER, Hugh Leathley | Director | 2006-01-01 | 2007-08-31 |
| CIVILETTI, Benjamin | Director | 1993-09-16 | 2006-01-01 |
| CORFIELD, Elyn Jane | Director | 2013-10-11 | 2026-03-31 |
| DAIGER, William Hammett | Director | 1998-02-16 | 2001-02-05 |
| DAIGER, William H | Director | 1996-03-07 | 1997-04-01 |
| DE ANGELO, Salvatore Andrew | Director | 2004-03-22 | 2006-01-01 |
| DIMSEY, Peter Swaine Peel | Director | 1997-04-01 | 1998-01-16 |
| ENLOW, Fred Clark | Director | 1994-11-01 | 1996-01-26 |
| EVERETT, Robert Edward Kemp | Director | 2011-03-03 | 2012-05-24 |
| FALL, William Moray Newton | Director | 2006-01-01 | 2006-06-29 |
| FARTHING, Stephen Frederick Godfrey | Director | 2002-12-12 | 2006-02-28 |
| FLYNN, Shane Grahame | Director | 2004-03-22 | 2006-01-01 |
| FRASER, Robert John Alexander | Director | 1997-06-12 | 1997-12-31 |
| FUCCI, Richard | Director | 2006-01-01 | 2006-12-01 |
| GORDON, Paul Andrew | Director | 2017-06-28 | 2019-09-17 |
| GREENE, Michele Sylvia | Director | 2006-01-31 | 2013-07-04 |
| GUNTHER, Anne Margaret | Director | 2013-01-07 | 2017-06-01 |
| HAMMONDS, Bruce | Director | 1993-09-16 | 2002-04-24 |
| HEALY, Bernadine Patricia | Director | 2002-04-24 | 2002-11-12 |
| HECK, Frederick | Director | 2007-03-08 | 2007-07-31 |
| KEEGAN, Peter | Director | 2011-04-05 | 2017-06-01 |
| KENYON, Simon James, Dr | Director | 2019-12-09 | 2023-04-12 |
| KINNEY, Alexandra Brigid | Director | 2012-01-24 | 2017-06-01 |
| KRULAK, Charles | Director | 2001-02-05 | 2004-03-19 |
| LAMANTIA, Robert William | Director | 2006-01-01 | 2010-04-28 |
| LERNER, Alfred | Director | 1993-09-16 | 2002-04-24 |
| LERNER, Norma | Director | 2003-03-11 | 2006-01-01 |
| LERNER, Randolph David | Director | 2001-03-16 | 2002-12-12 |
| LIEN, Marc | Director | 2023-01-11 | 2024-10-31 |
| LINSZ, Mark Douglas | Director | 2006-01-01 | 2008-06-26 |
| LORENZ, William Richard | Director | 2007-03-08 | 2008-11-13 |
| MACKINLAY, Adele Margaret | Director | 2005-05-25 | 2006-02-28 |
| MARRONE, Janine Denise | Director | 1997-04-01 | 1998-01-23 |
| MCENTEE, Kathleen Brooks | Director | 1994-11-01 | 1997-09-26 |
| MCGINLEY, Thomas Patrick | Director | — | 1999-06-22 |
| MEREDITH JONES, Daniel | Director | 2017-06-28 | 2017-11-01 |
| MOON, Peter Geoffrey | Director | 2004-03-22 | 2007-09-26 |
| MOULDS, Jonathan Paul | Director | 2006-06-29 | 2012-08-31 |
| MURDEN, Vanessa Ann | Director | 2019-09-17 | 2022-02-04 |
| NATION, Douglas Percy Coddrington | Director | 1994-02-25 | 2001-09-02 |
| O'DOHERTY, Ian | Director | 2007-09-26 | 2017-06-30 |
| O'DWYER, Patrick John | Director | 2000-09-25 | 2006-01-01 |
| ODWYER, Patrick John | Director | 1996-06-13 | 1997-04-05 |
| OKEN, Marc Denis | Director | 2006-01-01 | 2007-09-26 |
| OMAN, David | Director | 2011-03-16 | 2012-04-25 |
| OTENASEK, Francis Heath | Director | 2003-03-11 | 2006-01-01 |
| OTENASEK, Francis Heath | Director | 1998-02-16 | 1999-07-05 |
| PEREZ, Israel Santos | Director | 2018-09-21 | 2023-02-24 |
| PIKE, Rod | Director | 2007-09-26 | 2008-05-31 |
| RHODES, Michael | Director | 2006-01-01 | 2007-10-01 |
| RUSSELL, Robin | Director | 1993-10-18 | 2005-04-01 |
| SANGSTER, Gordon James | Director | 2011-03-04 | 2012-11-06 |
| SARLES, Harvey Jay | Director | 2006-01-01 | 2007-09-26 |
| SINGH, Jasjyot | Director | 2025-02-17 | 2025-04-30 |
| SISTERNAS MARTIN, Miguel Angel | Director | 2007-09-26 | 2009-11-23 |
| STETSON, Lynn Walter | Director | 2008-06-26 | 2010-06-11 |
| STRUTHERS, Richard Kenneth | Director | 2002-12-12 | 2006-01-01 |
| STRUTHERS, Richard Kenneth | Director | 1998-02-16 | 2001-08-31 |
| VECCAIONE, Kenneth | Director | 2005-03-16 | 2006-01-01 |
| WEAVER, Lance Loring | Director | 2006-01-01 | 2008-05-31 |
| WEAVER, Todd Tully | Director | 1999-07-05 | 2000-09-04 |
| WILMOT-SITWELL, Alexander Sacheverell | Director | 2012-09-13 | 2017-06-01 |
| WRIGHT, Vernon Hugh Carroll | Director | 2002-04-24 | 2004-12-15 |
| CMH DIRECTORS LIMITED | Corporate Nominee Director | 1993-01-25 | 1994-01-25 |
| CMH SECRETARIES LIMITED | Corporate Nominee Director | 1993-01-25 | 1994-01-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bank Of Scotland Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-30 | Active |
| Lloyds Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-06-01 | Ceased 2022-11-30 |
| Fia Uk Funding Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2017-06-01 |
Filing timeline
Last 20 of 333 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-13 | CH03 | officers | Change person secretary company with change date | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-15 | 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
- 2
- Officers resigned
- 1
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
+2%
£699,364,000 £713,363,000
-
Cash
-3%
£41,057,000 £39,808,000
-
Net assets
+31.1%
£332,317,000 £435,609,000
-
Employees
-39%
295 180
-
Profit before tax
+31.1%
£200,264,000 £262,527,000
-
Wages
-25.4%
£8,981,000 £6,697,000
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