PERENNA BANK PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-02 (in 10mo)
Last made up 2026-02-16
Watchouts
Cash
£12M
+1,176.7% highest in 3 filed years
Net assets
£45M
+195.7% highest in 3 filed years
Employees
65
+38.3% highest in 3 filed years
Profit before tax
-£15M
-48.2% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- PERENNA BANK PLC 2022-09-30 → present
- PERENNA FFL PLC 2020-12-16 → 2022-09-30
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · latest reflected 2023-12-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2023-12-31.
| Metric | Trend | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£5,797,708 | — | — | — | |
| Profit before tax | — | — | -£10,396,474 | -£15,409,172 | |
| Net profit | -£5,797,708 | — | -£10,396,474 | -£15,409,172 | |
| Cash | £359,627 | — | £913,033 | £11,656,289 | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | -£5,747,708 | — | £15,183,390 | £44,901,589 | |
| Equity | -£5,747,708 | -£5,747,708 | £45,550,170 | — | |
| Average employees | 30 | — | 47 | 65 | |
| Wages | £3,701,676 | — | £5,590,583 | £6,953,937 |
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 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | — | — | 7.8% | 5.3% |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board acknowledges that the Company's strategy has evolved and that it requires additional regulatory permissions to execute this strategy. The board has therefore concluded that the Company remains a going concern but that a material uncertainty exists in respect of obtaining retail deposit permissions and on the subsequent execution of the revised business model of the bank. Should the Retail Deposit Variation of Permission be unsuccessful, the Directors will consider all necessary actions.”
Group structure
- PERENNA BANK PLC · parent
- Paddington Funding 1 Limited
Significant events
- “After becoming a fully authorised bank in September 2023, Perenna launched Long Term Fixed Rate Mortgages (LTFRM).”
- “2024 was the first full year of operation since receiving full authorisation from the PRA and FCA in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REEVE, Claire Elizabeth | Secretary | 2026-03-27 | — | — |
| ASPINALL, Nicholas | Director | 2025-10-02 | Aug 1964 | British |
| CLIST, Angela Helen | Director | 2022-08-03 | Jun 1967 | New Zealander |
| DE LEEUW, Werner Victor | Director | 2021-07-12 | Dec 1968 | British |
| FLAHERTY, Kevin Michael | Director | 2022-08-03 | Oct 1965 | British |
| HENDERSON, Ian Arthur | Director | 2025-11-28 | Jun 1960 | British |
| JONES, Scott Christopher | Director | 2025-11-28 | Jun 1960 | American |
| MCCARTHY, David James | Director | 2025-06-02 | May 1965 | British |
| VEITCH, Sally Jane | Director | 2022-08-03 | Apr 1973 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LINDSAY-BAYLEY, Kate | Secretary | 2020-12-16 | 2026-03-27 |
| BARNETT, Eric Edmund | Director | 2022-08-03 | 2025-10-31 |
| CUPPAGE, Alex Francis Burke | Director | 2022-08-09 | 2025-10-02 |
| LINDSAY-BAYLEY, Kate | Director | 2020-12-16 | 2021-07-12 |
| MEEKS, Alfred Barrington | Director | 2022-08-03 | 2025-05-29 |
| VERBEEK, Wilhelmus | Director | 2020-12-16 | 2025-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Perenna Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-16 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-27 | CH01 | officers | Change person director company with change date | |
| 2026-03-03 | SH01 | capital | Capital allotment shares | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2026-02-16 | CH01 | officers | Change person director company with change date | |
| 2025-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | SH01 | capital | Capital allotment shares | |
| 2025-09-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-03 | SH01 | capital | Capital allotment shares | |
| 2025-07-01 | AA | accounts | Accounts with accounts type group | |
| 2025-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-01 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 4
- Officers appointed
- 5
- Officers resigned
- 4
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
—
Not reported
-
Cash
+1,176.7%
£913,033 £11,656,289
highest in 3 filed years
-
Net assets
+195.7%
£15,183,390 £44,901,589
highest in 3 filed years
-
Employees
+38.3%
47 65
highest in 3 filed years
-
Profit before tax
-48.2%
-£10,396,474 -£15,409,172
-
Wages
+24.4%
£5,590,583 £6,953,937
highest in 3 filed years
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