Aldermore Bank PLC
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Aldermore Bank PLC - overview
Established
2009
Location
Reading, -, UK
Primary Industry
Financial Services
About
Founded in 2009, Aldermore Group PLC operates primarily in London, UK, providing a range of financial services. The company was acquired by FirstRand Limited in November 2017 for GBP 1. 1 billion. Aldermore has successfully completed 7 deals, with its latest round being a Trade Sale worth GBP 1,100 mn.
Notably, the firm has undergone strategic changes to adapt to market demands but has remained focused on its core mission. Aldermore Bank specializes in providing a diverse range of financial products and services, including mortgages, savings accounts, and business finance solutions. Their core offerings encompass specialist mortgages tailored for individuals with unique lending needs, such as those with non-traditional employment backgrounds or credit histories. Additionally, the bank offers a variety of savings accounts designed to maximize returns for both personal and business clients, underpinned by their commitment to competitive interest rates.
Aldermore also focuses on business finance, providing solutions for cash flow management, asset financing, and property development, aimed at supporting small to medium-sized enterprises across the UK and beyond. Their customer base includes over a quarter of a million individuals and businesses who seek innovative financial solutions, positioning Aldermore as a trusted partner for those looking to achieve their financial ambitions in markets including the UK, with aspirations for growth into additional European markets. The revenue model is structured around the provision of financial products and services catering to both individual and business clients, generating interest income through mortgages and savings accounts. The bank’s pricing strategy is competitive, ensuring that their products appeal to consumers while maintaining a sustainable revenue stream.
Aldermore aims to expand its product offerings, focusing on new financial solutions designed to enhance customer experience. The company is also exploring opportunities to enter additional European markets by 2025.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, Consumer Finance, Mortgage Banking
Website
www.aldermore.co.uk/
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Aldermore Bank PLC - timeline of key events
Aldermore Bank PLC - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 | Jun 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 24,241,000 | 40,819,000 | 58,689,000 | 111,236,000 | 166,601,000 | 224,100,000 | 269,400,000 | - | 466,600,000 | 325,700,000 | 376,100,000 | 443,200,000 | 537,300,000 | - | - | - |
| % Revenue Growth (YoY) | - | 68.4% | 43.8% | 89.5% | 49.8% | 34.5% | 20.2% | - | - | - | 15.5% | 17.8% | 21.2% | - | - | - |
| EBITDA (USD) | (7,539,000) | 885,000 | 3,526,000 | 38,568,000 | 63,776,000 | 110,400,000 | 149,500,000 | - | 222,900,000 | 158,000,000 | 192,100,000 | 221,800,000 | 272,400,000 | - | - | - |
| Operating Income (USD) | (9,029,000) | (1,199,000) | 527,000 | 34,064,000 | 59,875,000 | 105,100,000 | 144,200,000 | - | 214,500,000 | 152,900,000 | 180,000,000 | 209,200,000 | 261,100,000 | - | - | - |
| Operating Margin | (37.2%) | (2.9%) | 0.9% | 30.6% | 35.9% | 46.9% | 53.5% | - | 46.0% | 46.9% | 47.9% | 47.2% | 48.6% | - | - | - |
| % EBITDA Margin | (31.1%) | 2.2% | 6.0% | 34.7% | 38.3% | 49.3% | 55.5% | - | 47.8% | 48.5% | 51.1% | 50.0% | 50.7% | - | - | - |
| NET Income (USD) | (9,029,000) | (1,192,000) | 527,000 | 23,136,000 | 38,434,000 | 78,300,000 | 93,500,000 | - | 138,600,000 | 96,900,000 | 38,600,000 | 124,400,000 | 158,200,000 | - | - | - |
| % Net Margin | (37.2%) | (2.9%) | 0.9% | 20.8% | 23.1% | 34.9% | 34.7% | - | 29.7% | 29.8% | 10.3% | 28.1% | 29.4% | - | - | - |
Aldermore Bank PLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Aldermore Bank PLC | - | ||||||||
| Private Placement/Follow on | Completed | Aldermore Bank PLC | - | ||||||||
| Private Placement/Follow on | Completed | Aldermore Bank PLC | - | ||||||||
| IPO | Completed | Aldermore Bank PLC | - | ||||||||
| Private Debt | Completed | Aldermore Bank PLC | - |
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Aldermore Bank PLC - employee data
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