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.

Type
Public
HQ
Peterborough, GB
Founded
2009
Size (employees)
900 (est)+7%
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
James Mack

James Mack

Chief Financial Officer
Carl DAmmassa

Carl DAmmassa

Group Managing Director – Business Finance
Rob Divall

Rob Divall

Group HR Director
Christine Palmer

Christine Palmer

Chief Risk Officer

Aldermore Bank Office Locations

Aldermore Bank has offices in London, Reading, Peterborough, Manchester and in 1 other location
Peterborough, GB (HQ)
Aldermore 1st floor, Block B Western House Lynch Wood
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Aldermore Bank Financials and Metrics

Aldermore Bank Financials

Aldermore Bank's revenue was reported to be £392.80 m in FY, 2016 which is a 18.2% increase from the previous period.
GBP

Revenue (FY, 2016)

392.8 m

Revenue growth (FY, 2015 - FY, 2016), %

18.2%

Net income (FY, 2016)

92.3 m

EBIT (FY, 2016)

142.8 m

Market capitalization (31-Oct-2017)

1 b

Closing share price (31-Oct-2017)

3

Cash (31-Dec-2016)

116.4 m
Aldermore Bank's current market capitalization is £1 b.
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

6.9 m7.7 m43.8 m79.9 m132.3 m191.7 m266.6 m332.2 m392.8 m

Revenue growth, %

39%25%18%

Cost of goods sold

2.9 m

Gross profit

4 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

125 k1.7 m192.8 m79.6 m105.3 m116.4 m

Accounts Receivable

58.9 m363.1 m518.3 m748.9 m4 b1.3 b1.5 b8.2 b

Current Assets

71.1 m59.6 m373.2 m545.6 m794.8 m4.2 b1.3 b1.6 b8.4 b

PP&E

1.7 m1.1 m3.8 m7.4 m11.4 m2.9 m2.8 m3.4 m3.1 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.2 m(852 k)(8.8 m)(892 k)1.5 m25.7 m39.7 m80.1 m92.3 m

Cash From Operating Activities

2.9 m296.4 m(205.7 m)49.3 m

Dividends Paid

500 k

Cash From Financing Activities

56.4 m69.1 m65.5 m45.3 m
GBPY, 2016

Financial Leverage

13.6 x
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Aldermore Bank Operating Metrics

Aldermore Bank's Customers was reported to be 222.9 k in FY, 2016.
FY, 2015FY, 2016

Customers

195.06 k222.92 k
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