DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-01 (in 4mo)
Last made up 2025-08-18
Watchouts
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Accounts
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, at the time of approving the financial statements, have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, which reflects a period of at least 12 months from the date of approval of the financial statements and have concluded that there are no material uncertainties relating to going concern.”
Group structure
- DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY · parent
- DBW Holdings Limited 100%
- DBW Services Limited 100%
- DBW Managers Limited 100%
- 1st Choice Auto Body Group UK Ltd 100%
- Afferent Medical Solutions Ltd 100%
- Against International Ltd 100%
Significant events
- “2024/25 saw our team help 502 businesses to create and safeguard 6,185 jobs across Wales, with debt and equity funding totalling £152 million.”
- “The Group recorded a £22.3 million profit before tax, compared with a £40.8 million profit before tax for the previous year. The reduction in profit before tax is primarily driven by a £7.4 million reduction in European Regional Development Fund (‘ERDF’) grant release and an £18.9 million increase in equity book fair value losses.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HITCHINGS, Elizabeth Anne | Secretary | 2022-12-01 | — | — |
| BRIDGELAND, Sally | Director | 2024-09-25 | Nov 1964 | British |
| EVANS, Iestyn David | Director | 2022-03-01 | Apr 1975 | British |
| JONES, Daniel Rhys | Director | 2020-03-01 | Nov 1983 | British |
| METHUEN-LEY, Kate Ann | Director | 2021-04-06 | Mar 1976 | British |
| OLDHAM, Paul | Director | 2025-07-17 | Feb 1964 | British |
| ROPAR, Annie | Director | 2025-07-01 | Apr 1972 | Canadian |
| STAZIKER, David James | Director | 2018-04-01 | Sep 1969 | British |
| THORLEY, Giles Alexander | Director | 2016-04-04 | Jun 1967 | British |
| WALKER, Dianne Gillian Davies | Director | 2022-03-01 | Mar 1965 | Welsh |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Michael James | Secretary | 2005-06-24 | 2010-11-17 |
| INGHAM, Norman Leonard | Secretary | 2002-10-07 | 2005-06-24 |
| OATES, Judi May | Secretary | 2008-09-30 | 2022-12-01 |
| THOMAS, Roy John | Secretary | 2000-08-18 | 2002-10-04 |
| AKTERUZZAMAN, Mohammed | Director | 2001-01-16 | 2004-03-31 |
| ALLEN, John, Sir | Director | 2000-08-18 | 2001-01-16 |
| AMIRI, Iraj | Director | 2016-09-01 | 2025-08-31 |
| BALSOM, Susan Carol | Director | 2001-01-16 | 2002-01-31 |
| BELL, Carol, Dr | Director | 2014-10-01 | 2023-09-30 |
| BELLIS, Karen Margaret Rich | Director | 2001-01-16 | 2004-03-31 |
| BULLOCK, Gareth Richard | Director | 2015-09-23 | 2024-09-25 |
| CLAYTON, Jane Elizabeth | Director | 2006-06-01 | 2011-05-31 |
| DRURY, Sheila | Director | 2003-04-01 | 2003-09-10 |
| GREY, Ivar Andreas Robert John | Director | 2006-06-01 | 2016-09-30 |
| HOWES, Brian John | Director | 2001-01-16 | 2007-12-31 |
| JENKINS, Timothy Joseph | Director | 2004-04-01 | 2006-03-31 |
| JEYNES, Roger David | Director | 2016-11-01 | 2025-10-31 |
| JOHN, Ian Clive | Director | 2006-06-01 | 2016-11-30 |
| JOHNSON, Ian Roy | Director | 2008-03-15 | 2015-09-30 |
| JONES, Graham Michael Thelwall | Director | 2001-01-16 | 2011-05-31 |
| JONES, Sian Lloyd | Director | 2005-02-03 | 2015-09-30 |
| JONES, Trefor Glyn | Director | 2000-08-18 | 2005-03-31 |
| JONES-EVANS, Dylan, Professor | Director | 2001-01-16 | 2006-06-30 |
| KILLICK, Michael David | Director | 2006-06-01 | 2013-05-31 |
| LAMB, Robert Alun | Director | 2021-04-06 | 2025-09-09 |
| LLEWELLYN, Margaret Jennifer | Director | 2012-09-01 | 2021-08-31 |
| MORGAN, Robert Huw | Director | 2013-11-18 | 2022-11-17 |
| O'LEARY, Kevin Patrick | Director | 2010-11-17 | 2018-03-31 |
| OWEN, Michael | Director | 2015-10-01 | 2016-04-04 |
| RADCLIFFE, Peter Greig | Director | 2006-06-01 | 2011-05-31 |
| ROWLANDS, Christopher Paul | Director | 2010-04-01 | 2014-09-30 |
| THOMAS, Meirion | Director | 2001-01-16 | 2005-03-31 |
| WILLIAMS, David Brynle | Director | 2002-02-01 | 2004-12-31 |
| WILLOTT, William Brian, Dr | Director | 2000-08-18 | 2001-01-16 |
| WOODALL, Frederick Peter | Director | 2004-04-01 | 2008-02-26 |
| WRIGHT, Peter | Director | 2001-01-16 | 2004-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Welsh Ministers | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-30 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-13 | MA | incorporation | Memorandum articles | |
| 2025-05-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type group | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-13 | AA | accounts | Accounts with accounts type group | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-04 | AA | accounts | Accounts with accounts type group | |
| 2023-02-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-09 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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
Latest filed period vs the prior one