Aldermore Bank
Financials
Estimates*
GBP | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 259m | 440m | 308m | 286m | 314m | 379m | - |
% growth | 3 % | - | (30 %) | (7 %) | 10 % | 20 % | - |
EBITDA | 143m | 232m | 159m | 163m | 149m | 173m | 228m |
% EBITDA margin | 55 % | 53 % | 52 % | 57 % | 47 % | 46 % | - |
Profit | 89.8m | 146m | 96.7m | 58.6m | 86.8m | 115m | - |
% profit margin | 35 % | 33 % | 31 % | 21 % | 28 % | 30 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | £40.0m Valuation: £40.0m 1.1x EV/LTM EBITDA | Buyout | |
N/A | N/A | IPO | |
Total Funding | - |
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Recent News about Aldermore Bank
EditAldermore is a British bank established in 2009, known for its robust and resilient financial services. The bank operates primarily in the UK market and serves a diverse range of clients, including business owners, homeowners, landlords, and vehicle buyers. Aldermore's business model focuses on providing specialized financial products that cater to the needs of individuals and businesses often overlooked by traditional banks.
The company operates through two main entities: Aldermore Bank PLC and MotoNovo Finance Limited. Aldermore Bank offers a variety of financial products, including invoice finance, commercial mortgages, property development loans, buy-to-let mortgages, and asset finance. These products are designed to help clients build businesses, buy property, and purchase vehicles. Notably, some of these lending activities are not regulated by the Financial Conduct Authority (FCA) or the Prudential Regulation Authority (PRA), which means they operate under different regulatory standards.
MotoNovo Finance specializes in helping individuals purchase vehicles such as cars, vans, and motorcycles. This subsidiary provides tailored financing solutions that make vehicle ownership more accessible to a broader audience.
Aldermore makes money by charging interest on the loans and mortgages it provides, as well as through fees associated with its various financial products. The bank also supports savers by offering competitive interest rates on savings accounts, thereby attracting deposits that can be used to fund its lending activities.
Aldermore is committed to championing equality and supporting those who may not receive adequate attention from larger, traditional banks. This customer-centric approach has earned the bank a trusted reputation among over a quarter of a million customers.
Keywords: British bank, business finance, property loans, vehicle finance, savers, equality, non-traditional banking, robust, resilient, customer-centric.