Knowledge (XXG)

Aldermore

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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.
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Aldermore provides financial services to small and medium-sized businesses as well as personal customers. Its services include retail and business savings and asset and invoice finance, as well as commercial and residential mortgages.
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The acquisition of Ruffler Bank in May 2009 provided Aldermore with its banking licence and an asset finance business which was combined with the commercial mortgage business of Base Commercial Mortgages, a small mothballed operation.
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Aldermore is the sponsor of the National Association of Commercial Finance Brokers (NACFB), and a member of the Council of Mortgage Lenders. Aldermore is a member of the following bodies: the
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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.
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is a retail bank which provides financial services to small and medium-sized businesses and personal customers. It was founded in 2009 and listed on the
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In October 2017 it was announced that Aldermore had agreed to be acquired by South African banking conglomerate
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The company's board has been chaired by Pat Butler since January 2018. Non-executive directors are
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In 2012 the bank reached its first full year of profits in its third year of operations.
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The bank offers lending across the following areas: asset finance, invoice finance,
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in March 2015, with an opening market capitalisation of approximately £651 million.
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It raised £62 million of further investment from a consortium of funds managed by
71: 828: 802: 1173: 1144: 1095: 1060: 610: 1490: 1373: 1323: 931: 167: 1313: 1223: 356:"Aldermore Bank plc overview - Find and update company information - GOV.UK" 289: 264: 222: 186: 417:"Aldermore: How the bank formed in the depths of the crisis found success" 1279: 1016: 1007: 116: 1115: 253: 85: 25: 1167: 679:"Aldermore Business Banking Explained – Savings, Fees & Reviews" 611:"Aldermore agrees takeover by South Africa's FirstRand - BBC News" 589:"Aldermore Raises $ 340 Million in London Initial Public Offering" 561:"Cable and Osborne on a Collision Course Over Small-Business Bank" 537:"Challenger Bank Aldermore Boosts SME and Consumer Lending by 60%" 462:"Cattles Invoice Finance rebranded for the second time in a year" 1243: 1034: 256:
PLC in 2009, and in 2010 the division became part of Aldermore.
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when it issued a £36 million subordinated bond in May 2012.
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until it was acquired by South African banking conglomerate
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The deal valued Aldermore at £1.1bn. 568:from the original on 12 September 2012 1558:Companies based in Reading, Berkshire 1548:British companies established in 2009 825:"Directory of Members and Associates" 587:Partington, Richard (10 March 2015). 492:"Goldman Sachs takes Aldermore stake" 411: 409: 7: 677:Leggett, Joseph (24 February 2023). 558:Grice, Andrew (12 September 2012). 494:. The Telegraph. 24 September 2011 468:. 6 September 2010. Archived from 14: 39:Lordsvale Finance plc (1969–1996) 1196:National Savings and Investments 934: 774:"Board of Directors | Aldermore" 749:"Board of Directors | Aldermore" 727:"Intro – Aldermore Bank Reviews" 564:. London: The Independent (UK). 535:Croucher, Shane (31 July 2013). 333:Finance and Leasing Association 799:"NACFB - Working with Lenders" 539:. International Business Times 419:. The Telegraph. 15 March 2015 277:Aldermore was recognised as a 261:Goldman Sachs Asset Management 1: 1455:Cambridge & Counties Bank 999:Banking in the United Kingdom 921:. Retrieved 14 February 2017. 909:. Retrieved 14 February 2017. 890:. Retrieved 14 February 2017. 871:. Retrieved 14 February 2017. 778:www.investors.aldermore.co.uk 753:www.investors.aldermore.co.uk 438:Cave, Andrew (30 July 2011). 239:AnaCap Financial Partners LLP 852:. Retrieved 14 February 2017 703:Hurley, James (6 May 2012). 632:Hurley, James (6 May 2012). 613:. Bbc.co.uk. 6 November 2017 329:British Bankers' Association 265:Honeywell Capital Management 42:Ruffler Bank plc (1996–2009) 1543:Banks of the United Kingdom 337:Council of Mortgage Lenders 1574: 1553:Banks established in 2009 1522:UK Government Investments 1499: 1429:Arbuthnot Latham & Co 1201:UK Government Investments 996: 729:. Advisory HQ. 9 May 2016 23: 1140:Holt's Military Banking 801:. NACFB. Archived from 636:. London: The Telegraph 283:initial public offering 1275:Allied Irish Bank (GB) 1128:Royal Bank of Scotland 516:. City AM. 14 May 2012 1297:The Co-operative Bank 442:. The Daily Telegraph 389:"Annual Results 2016" 269:Centerbridge Partners 215:London Stock Exchange 1460:Close Brothers Group 1086:Birmingham Midshires 1072:Lloyds Banking Group 900:Directory of members 658:. Aldermore Bank PLC 161:144.2 million (2016) 146:358.2 million (2016) 1520:Partially owned by 1485:Rothschild & Co 1206:UK Asset Resolution 472:on 26 February 2017 176:93.5 million (2016) 20: 1369:Standard Chartered 1189:Wholly state-owned 905:2017-02-15 at the 886:2017-02-15 at the 867:2017-02-15 at the 831:on 24 October 2012 805:on 24 October 2012 364:. 10 February 1969 211:Aldermore Bank plc 134:Financial services 104:Reading, Berkshire 76:FTSE 250 Component 19:Aldermore Bank plc 1530: 1529: 1478:Kleinwort Hambros 1449:C. Hoare & Co 1420:Other commercial 1354:Secure Trust Bank 1055:HSBC Private Bank 683:Business Financed 241:, in early 2009. 208: 207: 1565: 1442:Butterfield Bank 1435:Bank and Clients 1389:Unity Trust Bank 1359:Sainsbury's Bank 1216:Challenger banks 1150:Isle of Man Bank 1134:Messrs. Drummond 1122:Coutts & Co. 1081:Bank of Scotland 983: 976: 969: 960: 955: 954: 952:Official website 944: 939: 938: 937: 922: 916: 910: 897: 891: 878: 872: 859: 853: 847: 841: 840: 838: 836: 821: 815: 814: 812: 810: 795: 789: 788: 786: 784: 770: 764: 763: 761: 759: 745: 739: 738: 736: 734: 723: 717: 716: 714: 712: 700: 694: 693: 691: 689: 674: 668: 667: 665: 663: 652: 646: 645: 643: 641: 629: 623: 622: 620: 618: 607: 601: 600: 598: 596: 584: 578: 577: 575: 573: 563: 555: 549: 548: 546: 544: 532: 526: 525: 523: 521: 510: 504: 503: 501: 499: 488: 482: 481: 479: 477: 458: 452: 451: 449: 447: 435: 429: 428: 426: 424: 413: 404: 403: 401: 399: 393: 385: 374: 373: 371: 369: 352: 204: 201: 199: 153:Operating income 28: 21: 1573: 1572: 1568: 1567: 1566: 1564: 1563: 1562: 1533: 1532: 1531: 1526: 1495: 1421: 1415: 1399:Clydesdale Bank 1287:Bank of Ireland 1248: 1210: 1184: 1160:Santander Group 1154: 1100: 1065: 1028: 1023:Barclays Wealth 1001: 992: 987: 950: 949: 940: 935: 933: 930: 925: 917: 913: 907:Wayback Machine 898: 894: 888:Wayback Machine 881:List of Members 879: 875: 869:Wayback Machine 860: 856: 848: 844: 834: 832: 823: 822: 818: 808: 806: 797: 796: 792: 782: 780: 772: 771: 767: 757: 755: 747: 746: 742: 732: 730: 725: 724: 720: 710: 708: 707:. 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Aldermore 368:11 February 1537:Categories 1508:underlined 1491:Weatherbys 1374:Tesco Bank 1339:Metro Bank 1324:Hodge Bank 835:16 October 809:16 October 733:3 February 711:3 February 662:21 January 640:21 January 617:13 January 572:21 January 543:15 October 343:References 296:Operations 168:Net income 111:Key people 1314:easyMoney 1265:Aldermore 1224:Atom Bank 862:Directory 290:FirstRand 250:factoring 237:company, 223:FirstRand 198:aldermore 187:FirstRand 62:Traded as 1384:TSB Bank 1280:AIB (NI) 1008:Barclays 903:Archived 884:Archived 865:Archived 566:Archived 446:29 April 398:14 March 130:Products 117:Chairman 82:Industry 33:Formerly 1516:italics 1344:Paragon 1116:NatWest 1091:Halifax 520:13 June 498:13 June 423:13 June 254:Cattles 229:History 193:Website 140:Revenue 92:Founded 86:Finance 70::  1168:Cahoot 331:, the 182:Parent 54:Public 1302:Smile 1292:Chase 1229:Monzo 595:1 May 392:(PDF) 1510:and 1506:are 1244:Zopa 837:2012 811:2012 785:2022 760:2022 735:2017 713:2017 690:2023 664:2013 642:2013 619:2018 597:2015 574:2013 545:2015 522:2015 500:2015 478:2017 448:2015 425:2015 400:2017 370:2024 95:2009 306:SME 202:.uk 200:.co 123:CEO 72:ALD 68:LSE 1539:: 776:. 751:. 681:. 464:. 408:^ 378:^ 358:. 263:, 982:e 975:t 968:v 839:. 813:. 787:. 762:. 737:. 715:. 692:. 666:. 644:. 621:. 599:. 576:. 547:. 524:. 502:. 480:. 450:. 427:. 402:. 372:. 174:£ 159:£ 144:£ 125:) 119:)

Index


Public
Traded as
LSE
ALD
FTSE 250 Component
Finance
Reading, Berkshire
Chairman
CEO
Financial services
£
Operating income
£
Net income
£
Parent
FirstRand
aldermore.co.uk
London Stock Exchange
FTSE 250 Index
FirstRand
private equity
AnaCap Financial Partners LLP
factoring
Cattles
Goldman Sachs Asset Management
Honeywell Capital Management
Centerbridge Partners
challenger bank

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