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Aldermore Bank

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Financial Servicesbanksmortgages

Aldermore Bank is a retail bank which provides financial services to small and medium-sized businesses. Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages. The Bank offers lending across the following areas: asset finance, invoice finance, SME commercial mortgages, buy-to-let mortgages and residential mortgages. Its lending activity is largely funded by the deposits it receives from business and personal savers. Aldermore has no branch network but serves customers and intermediary partners online, by phone and face to face through its regional offices. It was also the first bank to offer this service and publishes this customer feedback unedited on its website.

Revenue(FY, 2018)
£652 M

Employee Rating

3.6More
TypeSubsidiary
Parent CompanyFirstRand
HQPeterborough, GB
Founded2009
Websitealdermore.co.uk
Cybersecurity ratingBMore
Aldermore Bank was founded in 2009 and is headquartered in Peterborough, GB

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Key People/Management at Aldermore Bank

Phillip Monks

Phillip Monks

Chief Executive Officer, Director
Danuta Gray

Danuta Gray

Senior Independent Director
Tim Boag

Tim Boag

Group Managing Director – Business Finance
Rob Divall

Rob Divall

Chief People & Transformation Officer
Des Crowley

Des Crowley

Independent Non-Executive Director
John Hitchins

John Hitchins

Independent Non-Executive Director
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Aldermore Bank Office Locations

Aldermore Bank has offices in Peterborough, London, Manchester, Reading and in 3 other locations
Peterborough, GB (HQ)
Aldermore 1st floor, Block B Western House Lynch Wood
London, GB
6 The Monument Building, Monument St, Bridge
Manchester, GB
4th floor, Tootal House, 40 Spring Gardens
Reading, GB
4th Floor, Block D, Apex Plaza, 3 Forbury Road
Wallsend, GB
PO Box 762
Wilmslow, GB
Norcliffe House, Station Rd
Show all (7)

Aldermore Bank Financials and Metrics

Summary Metrics

Founding Date

2009

Total Funding

$60.6 m

Investors

Toscafund Asset Management, Lansdowne Partners
Aldermore Bank is a subsidiary of FirstRand

Aldermore Bank Revenue

Aldermore Bank's revenue was reported to be £652 m in FY, 2018
GBPFY, 1996FY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Revenue

237.0k7.1m6.9m7.7m43.8m79.9m132.3m191.7m266.6m332.2m392.8m652.0m

Revenue growth, %

39%25%18%

Cost of goods sold

2.9m

Gross profit

4.0m
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GBPFY, 1996FY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Cash

84.0k187.0k125.0k1.7m192.8m79.6m105.3m116.4m508.8m

Accounts Receivable

50.3m58.9m363.1m518.3m748.9m4.0b1.3b1.5b8.2b9.9b

Current Assets

10.5m11.9m14.5m16.8m19.0m19.9m25.9m31.1m32.8m41.5m51.4m50.6m71.1m59.6m373.2m545.6m794.8m4.2b1.3b1.6b8.4b10.5b

PP&E

1.6m1.8m1.2m1.8m1.4m1.3m2.1m2.7m1.8m1.6m2.3m1.9m1.7m1.1m3.8m7.4m11.4m2.9m2.8m3.4m3.1m3.7m
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GBPFY, 1996FY, 1997FY, 1998FY, 1999FY, 2000FY, 2001FY, 2002FY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Net Income

667.0k751.0k1.3m982.0k1.0m1.3m1.4m1.5m1.8m1.4m1.6m1.7m1.2m(852.0k)(8.8m)(892.0k)1.5m25.7m39.7m80.1m92.3m155.9m

Cash From Operating Activities

649.0k335.0k432.0k1.0m1.1m1.4m443.0k1.9m671.0k3.3m4.1m1.1m2.9m296.4m(205.7m)49.3m632.6m

Dividends Paid

50.0k77.0k87.0k87.0k400.0k400.0k450.0k450.0k500.0k500.0k500.0k500.0k

Cash From Financing Activities

300.0k327.0k56.4m69.1m65.5m45.3m(88.4m)
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GBPFY, 1996

Financial Leverage

2 x
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Aldermore Bank Operating Metrics

FY, 2015FY, 2016

Customers

195.06 k222.92 k
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Aldermore Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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Aldermore Bank Online and Social Media Presence

Aldermore Bank's Trends

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 Aldermore Bank Frequently Asked Questions

  • When was Aldermore Bank founded?

    Aldermore Bank was founded in 2009.

  • Who are Aldermore Bank key executives?

    Aldermore Bank's key executives are Phillip Monks, Danuta Gray and Tim Boag.

  • How many employees does Aldermore Bank have?

    Aldermore Bank has 1,125 employees.

  • What is Aldermore Bank revenue?

    Latest Aldermore Bank annual revenue is £652 m.

  • What is Aldermore Bank revenue per employee?

    Latest Aldermore Bank revenue per employee is £579.6 k.

  • Who are Aldermore Bank competitors?

    Competitors of Aldermore Bank include Ebury, First Financial Northwest and First Internet Bancorp.

  • Where is Aldermore Bank headquarters?

    Aldermore Bank headquarters is located at Aldermore 1st floor, Block B Western House Lynch Wood, Peterborough.

  • Where are Aldermore Bank offices?

    Aldermore Bank has offices in Peterborough, London, Manchester, Reading and in 3 other locations.

  • How many offices does Aldermore Bank have?

    Aldermore Bank has 7 offices.