Onesavings Bank

One Savings Bank plc floated on the London Stock Exchange main market on 5 June 2014. The Group, which is headquartered in Chatham, Kent, is a specialist lending and retail savings group serving the UK, Jersey and Guernsey, and is authorised by the PRA, part of the Bank of England, and regulated by the FCA.
The Group focuses its specialist lending activities on selected sub-sectors of the lending market in which it has an established presence and expertise. The Group’s specialist segments include Residential and Buy-to-Let/SME Mortgages. The Group’s other specialist segment is Personal Loans. The Group originates almost all of its organic lending through specialist intermediaries. One Savings Bank lends through the Kent Reliance and associated Channel Islands brands, InterBay Commercial, Prestige Finance and Reliance Property Loans brands.
The Group is predominantly funded by retail savings originated through online and direct channels, as well as through a Kent Reliance branded network of six branches and three third party-operated agencies in the South East of England. The majority of the Group’s administrative support functions are performed by its wholly owned operations in Bangalore, India.

Type
Public
HQ
Chatham, GB
Founded
2011
Size (employees)
520 (est)
Website
osb.co.uk
Onesavings Bank was founded in 2011 and is headquartered in Chatham, GB

Onesavings Bank Office Locations

Onesavings Bank has an office in Chatham
Chatham, GB (HQ)
Reliance House Sun Pier

Onesavings Bank Data and Metrics

Onesavings Bank Financial Metrics

Onesavings Bank's revenue was reported to be £305.1 m in FY, 2016 which is a 31% decrease from the previous period.
GBP

Revenue (FY, 2016)

305.1 m

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

(31%)

Net income (FY, 2016)

120.9 m

Market capitalization (24-Jul-2017)

941.2 m

Closing share price (24-Jul-2017)

3.8

Cash (31-Dec-2016)

400 k
Onesavings Bank's current market capitalization is £941.2 m.
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

221.1 m336.3 m439.1 m305.1 m

Revenue growth, %

52%31%(31%)

Pre tax profit

31.4 m63.7 m105.3 m163.1 m

Net Income

26.8 m51.5 m84.1 m120.9 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash

267 k288 k400 k400 k

Accounts Receivable

3.7 b4.8 b5.9 b6.5 b

Current Assets

3.7 b4.9 b6 b6.6 b

PP&E

15.9 m6.7 m13 m16.5 m

Goodwill

1.1 m2.3 m3.1 m4.7 m

Total Assets

3.8 b4.9 b6 b6.6 b

Accounts Payable

3.6 b4.4 b5.4 b6 b

Current Liabilities

3.6 b4.4 b5.5 b6.1 b

Total Liabilities

3.6 b4.7 b5.7 b6.2 b

Retained Earnings

26.8 m51.5 m69.8 m97.6 m

Total Equity

155.2 m249.6 m319.3 m418.4 m

Financial Leverage

24.3 x19.8 x18.7 x15.7 x
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash From Operating Activities

(268.8 m)295.6 m(79.3 m)(315.2 m)

Cash From Financing Activities

287.3 m(265 k)(88.8 m)54 m

Income Taxes Paid

(4.6 m)(12.2 m)(21.2 m)(42.2 m)
Y, 2016

Financial Leverage

15.7 x

Onesavings Bank Market Value History

Traffic Overview of Onesavings Bank

Onesavings Bank News and Updates

OneSavings Bank hails "professionalism of the buy-to-let market"

Challenger OneSavings Bank today said it experienced "exceptionally strong levels of new mortgage applications" in the first three months of 2017 as its loan book swelled by £283m. Analysts praised the lender's first-quarter figures but the market took a more dim view, with shares falling 1.8 per…

Virgin Money set to table a bid for troubled Co-op Bank

Virgin Money is among the names thought to be putting in an offer for struggling Co-op Bank as it is due to close its first round of bidding later this month. Co-op Bank announced in February it was putting itself up for sale. Up until this point, it had embarked on an ambitious turnaround plan, …

OneSavings Bank shares fall after cornerstone backer ditches shareholding

Shares in challenger OneSavings Bank slipped nearly six per cent this morning after one of its cornerstone investors flooded the market by selling a 10 per cent slice of the firm. US private equity behemoth JC Flowers sold 24.3m shares at 395p each, returning £96m to the fund. Shares in OneSav…

Co-op Bank crosses fingers rescue plans will take shape

Co-op Bank is likely hoping a deal for a buyer can be secure soon, as its back-up plans to save the challenger bank appear to be at risk of falling through. The bank, which announced there was a £1.5bn black hole in its balance sheet in 2013, announced in February it was putting itself up for sal…

Bank of England steps up to push along Co-op Bank rescue plans

The Bank of England's regulatory team has began making plans of its own for Co-op Bank, as they become increasingly impatient with the trouble lender's sale. The Co-op Bank, which is currently 20 per cent owned by the wider Co-operative Group, revealed last month it was looking for a buyer for th…

OneSavings boss: If Co-op Bank sale fails we'll pick up the pieces

Challenger OneSavings Bank will reignite its interest in buying part of Co-op Bank because it expects the beleaguered lender’s sale of itself to fall through. Co-op Bank previously opened its books to OneSavings, which today reported better than expected annual results. Negotiations were put o…
Show more

Onesavings Bank Company Life and Culture

You may also be interested in