PHILIPPINE NATIONAL BANK (EUROPE) PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-29 (in 1mo)
Last made up 2025-06-15
Watchouts
None on the register
Cash
£136K
+76.6% vs 2023
Net assets
£10M
+1.2% vs 2023
Employees
17
0% vs 2023
Profit before tax
£11K
-95.1% 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 | £1,707,000 | £1,722,000 | |
| Operating profit | £226,000 | £11,000 | |
| Profit before tax | £226,000 | £11,000 | |
| Net profit | £226,000 | £11,000 | |
| Cash | £77,000 | £136,000 | |
| Total assets less current liabilities | £10,341,000 | £10,467,000 | |
| Net assets | £10,341,000 | £10,467,000 | |
| Equity | £10,341,000 | £10,467,000 | |
| Average employees | 17 | 17 | |
| Wages | £495,000 | £544,000 |
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 | 13.2% | 0.6% | |
| Net margin | 13.2% | 0.6% | |
| Return on capital employed | 2.2% | 0.1% | |
| Gearing (liabilities / total assets) | 35.9% | 30.0% |
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
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered that the Bank will be able to continue in operation and meet its liabilities as they fall due over the next three years from financial statements date. The three-year period of assessment was aligned with the latest board-approved Bank's forecast for 2025 to 2027. In reaching this conclusion the directors have considered the Internal Capital Adequacy Assessment Process ("ICAAP") and Internal Liquidity Adequacy Assessment Process ("ILAAP") including stress testing scenarios developed therein, as well as the budgeted and projected results of the business that could impact on the Bank's liquidity and capital requirements over the next twelve months. As the Bank's net assets position at 31 December 2024 as noted in the Statement of Financial Position was £10,467k (2023: £10,341k) and cash reserves were £12,055k (2023: £13,190k), the Directors believe that the Bank has sufficient resources to absorb the current risks and accordingly, the financial statements have been prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 57 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MBG PROFESSIONAL SERVICES LIMITED | Corporate Secretary | 2023-10-01 | — | — |
| CACULITAN, Pywacket Flores | Director | 2026-01-19 | Sep 1965 | Filipino |
| EDWARDS, Christopher Peter | Director | 2020-10-01 | Aug 1956 | British |
| LUY, Chester Yu | Director | 2019-12-19 | Jan 1969 | Filipino |
| NELSON, Christopher James | Director | 2021-08-24 | Apr 1959 | British |
| PASCUAL, Nestor Punzal | Director | 2014-09-12 | Sep 1964 | British |
| UDALE, Simon | Director | 2020-10-06 | Apr 1940 | British |
| VICENTINA, Cristy Mendoza | Director | 2023-12-15 | Apr 1971 | Filipino |
Show 57 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATESON, Anne Rosalind | Nominee Secretary | 1994-06-15 | 1996-09-03 |
| DAVA, Roselyn Tolosa | Secretary | 1996-09-03 | 2012-01-31 |
| PASCUAL, Nestor | Secretary | 2012-03-13 | 2014-12-09 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2014-12-09 | 2023-10-01 |
| ACEVEDO, Eugene | Director | 2010-06-01 | 2011-07-31 |
| AGRASADA, Adonis | Director | 1996-09-03 | 2006-01-01 |
| ANGARA, Edgardo | Director | 1998-07-22 | 1999-06-01 |
| ARANETA, Valentin | Director | 1996-09-03 | 1998-08-26 |
| AYLWARD, Quentin Roger | Director | 2014-09-30 | 2016-06-30 |
| BATESON, Anne Rosalind | Director | 1994-06-15 | 1996-09-03 |
| BLACKMORE, David, Mr. | Director | 2016-07-01 | 2020-09-30 |
| CARHART, Robert Arnold | Director | 1996-09-03 | 1997-04-15 |
| CEBRERO III, Horacio Estolano | Director | 2017-01-30 | 2018-11-05 |
| CHUA, Domingo | Director | 2002-08-01 | 2013-02-09 |
| CHUA, Melesa | Director | 1998-07-22 | 2001-06-30 |
| CUA, Santiago Jr. | Director | 2003-09-08 | 2006-06-30 |
| DE ASIS, Benjamin D, Attorney At Law | Director | 2004-10-20 | 2006-06-30 |
| DE GUZMAN, Renato M | Director | 2001-06-30 | 2002-07-15 |
| DEZA JR, Inocencio | Director | 1997-09-10 | 1998-08-21 |
| DIZON, Francisco Aguilar | Director | 2002-08-01 | 2005-06-02 |
| FAVILA, Peter | Director | 1996-09-03 | 1998-07-22 |
| FELICIANO JR, Miranda | Director | 2000-05-10 | 2002-07-15 |
| HONG, Samuel Min Shen | Director | 1997-07-31 | 2002-07-15 |
| LAI, Poh Lim | Nominee Director | 1994-06-15 | 1996-09-03 |
| LICUP, Jose German Mendoza | Director | 2024-08-07 | 2025-06-23 |
| MACLANG, Reynaldo Asinas | Director | 2014-10-28 | 2017-01-30 |
| MAGSAJO, Francisco Jr. | Director | 1996-09-03 | 1998-07-31 |
| MANALASTAS WATANABE, Isabelita Tiopianco | Director | 2006-08-24 | 2010-06-30 |
| MIER, Omar Byron Tagorda | Director | 2012-11-26 | 2014-06-13 |
| MIER, Omar Byron Tagorda | Director | 2005-04-22 | 2010-06-01 |
| MILAN, Alex | Director | 2009-06-01 | 2011-04-22 |
| NARVASA, Andres | Director | 1999-08-06 | 2001-06-30 |
| NAZARENO, Norberto | Director | 2002-06-01 | 2004-04-13 |
| OLIVA, Benjamin Santos | Director | 2013-07-11 | 2018-01-12 |
| PALILED, Fe | Director | 2004-04-13 | 2004-10-08 |
| PALMA GIL, Benjamin | Director | 1998-07-22 | 2000-01-21 |
| PARKER, Anthony | Director | 1996-09-03 | 2011-12-01 |
| PEDROSA, Carlos | Director | 2011-06-16 | 2013-02-09 |
| PENNY, Graham | Director | 2014-05-31 | 2017-09-30 |
| RAMOS, Roberto Esquivel | Director | 2011-09-12 | 2014-06-13 |
| RECTO, Eric | Director | 2005-06-02 | 2009-05-29 |
| REYES, Nelson Carlos | Director | 2018-01-08 | 2021-05-27 |
| REYNO JR, Alfonso, Atty | Director | 1998-07-22 | 2000-05-10 |
| SANTOS, Cesar Jr Cordero | Director | 2011-11-24 | 2012-06-26 |
| SAUNDERS, Crispin Nicolas | Director | 2010-12-16 | 2011-09-15 |
| SEBASTIAN, Teresita Uy | Director | 2023-08-18 | 2023-12-20 |
| SIPAT, Ronald Omel | Director | 2006-01-12 | 2009-06-01 |
| SMITH, Matthew Paul | Director | 2017-10-01 | 2020-09-30 |
| SOLIVEN, Manuel | Director | 1996-09-03 | 1997-09-10 |
| TAN, Lorenzo | Director | 2002-08-01 | 2005-04-10 |
| TAN, Lucio Jr | Director | 2007-10-19 | 2013-04-16 |
| TAN, Ricardo | Director | 2006-07-01 | 2007-06-28 |
| TAN CLIMACO, Gloria | Director | 2009-05-29 | 2011-04-12 |
| TARRIELA, Florencia | Director | 2011-08-04 | 2014-07-01 |
| TE, Macario Uy | Director | 2000-05-10 | 2003-09-01 |
| VILLACORTA, Ernesto | Director | 2011-12-01 | 2024-02-06 |
| VISTAN, Deogracias | Director | 2013-10-09 | 2014-06-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lucio Tan | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2022-06-28 |
Filing timeline
Last 20 of 225 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-14 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CH01 | officers | Change person director company with change date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-17 | AD02 | address | Change sail address company with old address new address | |
| 2023-10-16 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-10-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-02 | AA | accounts | Accounts with accounts type full | |
| 2022-10-27 | AUD | auditors | Auditors resignation company | |
| 2022-07-04 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-07-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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
+0.9%
£1,707,000 £1,722,000
-
Cash
+76.6%
£77,000 £136,000
-
Net assets
+1.2%
£10,341,000 £10,467,000
-
Employees
0%
17 17
-
Operating profit
-95.1%
£226,000 £11,000
-
Profit before tax
-95.1%
£226,000 £11,000
-
Wages
+9.9%
£495,000 £544,000
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