Aldermore Bank

Financial Services banks lending mortgages

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, 2016)

£392.8 M

Market capitalization(2017-10-31)

£1 B

Customers(FY, 2016)

222.9 K

Type

Public

Peterborough, GB

Founded

2009

Size (employees)

900 (est)+7%

Website

aldermore.co.uk

Aldermore Bank was founded in 2009 and is headquartered in Peterborough, GB

Report incorrect company information

Key People/Management at Aldermore Bank

Phillip Monks

Chief Executive Officer

James Mack

Chief Financial Officer

Carl DAmmassa

Group Managing Director – Business Finance

Rob Divall

Group HR Director

Christine Palmer

Chief Risk Officer

Report incorrect company information

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

Show all (5)

Report incorrect company information

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.

Summary

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.

Income Statement

GBP	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	6.9 m	7.7 m	43.8 m	79.9 m	132.3 m	191.7 m	266.6 m	332.2 m	392.8 m
Revenue growth, %							39%	25%	18%
Cost of goods sold	2.9 m
Gross profit	4 m

show all

Balance Sheet

GBP	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash				125 k	1.7 m	192.8 m	79.6 m	105.3 m	116.4 m
Accounts Receivable		58.9 m	363.1 m	518.3 m	748.9 m	4 b	1.3 b	1.5 b	8.2 b
Current Assets	71.1 m	59.6 m	373.2 m	545.6 m	794.8 m	4.2 b	1.3 b	1.6 b	8.4 b
PP&E	1.7 m	1.1 m	3.8 m	7.4 m	11.4 m	2.9 m	2.8 m	3.4 m	3.1 m

show all

Cash Flow

GBP	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	1.2 m	(852 k)	(8.8 m)	(892 k)	1.5 m	25.7 m	39.7 m	80.1 m	92.3 m
Cash From Operating Activities	2.9 m					296.4 m	(205.7 m)	49.3 m
Dividends Paid	500 k
Cash From Financing Activities						56.4 m	69.1 m	65.5 m	45.3 m