THE CO-OPERATIVE BANK HOLDINGS P.L.C.
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-08-17 (in 3mo)
Last made up 2025-08-03
Watchouts
Cash
£3B
+17.4% vs 2024
Net assets
£1B
+6.9% vs 2024
Employees
2,214
-31.3% vs 2024
Profit before tax
£54M
-26.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements are prepared on a going concern basis, but a material uncertainty exists that may cast significant doubt about the Holdings 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 2 times since incorporation
- THE CO-OPERATIVE BANK HOLDINGS P.L.C. 2024-05-13 → present
- THE CO-OPERATIVE BANK HOLDINGS LIMITED 2017-09-01 → 2024-05-13
- BALLOON STREET HOLDINGS LIMITED 2017-07-13 → 2017-09-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £1,159,600,000 | £1,016,200,000 | |
| Operating profit | — | — | |
| Profit before tax | £72,900,000 | £53,700,000 | |
| Net profit | £47,300,000 | £86,100,000 | |
| Cash | £2,586,000,000 | £3,035,200,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £1,264,600,000 | £1,351,800,000 | |
| Equity | £1,264,600,000 | £1,351,800,000 | |
| 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 | 4.1% | 8.5% | |
| 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
“The financial statements are prepared on a going concern basis, but a material uncertainty exists that may cast significant doubt about the Holdings 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 HOLDINGS P.L.C. · parent
- The Co-operative Bank Finance p.l.c. 100%
- The Co-operative Bank p.l.c. 100%
- 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%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 27 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 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAGLEY, David William John | Secretary | 2017-10-06 | 2020-04-05 |
| BESTER, Andrew John Milton | Director | 2018-07-09 | 2020-10-31 |
| BIRKETT, Aidan | Director | 2017-09-01 | 2018-03-14 |
| BRALVER, Charles Norman | Director | 2017-09-01 | 2018-08-31 |
| BRITNELL, Louise Jeanette | Director | 2021-03-01 | 2025-03-31 |
| CARSTENSEN, Laura Martine | Director | 2017-09-01 | 2018-12-31 |
| CLUTTERBUCK, Fiona Jane | Director | 2023-04-17 | 2025-03-07 |
| COLEMAN, Liam John | Director | 2017-07-13 | 2018-07-20 |
| COPLEY, Paul David | Director | 2018-09-01 | 2019-12-31 |
| DAVIS, Christopher David | Director | 2019-07-23 | 2021-10-31 |
| DENCH, Robert Graham | Director | 2018-02-01 | 2025-01-01 |
| GRIGG, Edward Sebastian | Director | 2021-01-11 | 2025-01-01 |
| HARRIS, Susan Elizabeth | Director | 2019-05-07 | 2025-01-01 |
| HIBBERD, Sally-Ann | Director | 2019-08-01 | 2022-07-31 |
| HIOM, Richard Michael | Director | 2025-04-01 | 2026-04-13 |
| HOLT, Dennis | Director | 2017-09-01 | 2018-03-14 |
| HUGHES, Stephen James | Director | 2025-01-01 | 2025-06-02 |
| MAHJOUR, Morteza | Director | 2019-12-12 | 2020-12-31 |
| SINGH, Ranjit | Director | 2022-09-12 | 2025-01-01 |
| SLAPE, Nicholas Stuart | Director | 2019-12-09 | 2025-02-13 |
| SLIMMON, Richard James | Director | 2021-01-11 | 2025-01-01 |
| SMITH, Glyn Michael | Director | 2017-09-01 | 2025-01-01 |
| THOMAS, William Gennydd, Sir | Director | 2017-09-01 | 2023-10-27 |
| VOGELZANG, Christiaan Franciscus Henricus Herman | Director | 2018-09-01 | 2019-06-18 |
| WEIR, Derek James | Director | 2017-09-01 | 2023-07-31 |
| WOOD, Thomas Francis | Director | 2017-07-13 | 2018-10-09 |
| WORTH, John | Director | 2017-09-01 | 2017-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Coventry Building Society | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-01-01 | Active |
Filing timeline
Last 20 of 167 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-25 MA Memorandum articles
- 2025-02-25 RESOLUTIONS Resolution
| 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 | |
| 2026-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | 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 | MA | incorporation | Memorandum articles | |
| 2025-02-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-29 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2025-01-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-15 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 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
- 7
- Capital events
- 1
- 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
-12.4%
£1,159,600,000 £1,016,200,000
-
Cash
+17.4%
£2,586,000,000 £3,035,200,000
-
Net assets
+6.9%
£1,264,600,000 £1,351,800,000
-
Employees
-31.3%
3,223 2,214
-
Profit before tax
-26.3%
£72,900,000 £53,700,000
-
Wages
-14.7%
£153,200,000 £130,700,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers