National Westminster Bank Public Limited Company
Registered name: NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
Part of Natwest Group PLC groupNational Westminster Bank Public Limited Company made £13.6bn revenue and £4.2bn profit in the year to 31 Dec 2025.
National Westminster Bank Public Limited Company’s revenue grew 14% to £13.6bn in the year to 31 Dec 2025, with £4.2bn profit and 54,500 employees. The company is classified under “banks” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 58 yrs · since 1968
- Type
- Public Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £12.1bn | £12bn | £13.6bn |
| Operating profit | £4.8bn | £4.7bn | £5.7bn |
| Profit before tax | £4.8bn | £4.7bn | £5.7bn |
| Profit after tax | £3.5bn | £3.4bn | £4.2bn |
| Profit (best available) | £3.5bn | £3.4bn | £4.2bn |
| Employees (average) | 55,900 | 55,700 | 54,500 |
| Ratios | |||
| Profit margin | 29% | 28.6% | 30.8% |
| Revenue per employee | £216k | £215k | £250k |
| Profit per employee | £62.8k | £61.5k | £77k |
| Growth (year on year) | |||
| Revenue growth | — | ▼0.9% | ▲13.8% |
| Profit growth | — | ▼2.4% | ▲22.6% |
| Headcount growth | — | ▼0.4% | ▼2.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data May 2025 | Accounts · bulk data May 2025 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 30.8%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £250k
- Revenue ÷ average employees.
- Profit per employee
- £77k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼2%
- Now 54,500
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Natwest Group PLCultimate parent75–100%
- Natwest Holdings Limited75–100%
- National Westminster Bank Public Limited Companythis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (33)
- Auchencarroch Energy LimitedFigures not disclosed
- Cathkin Energy LimitedFigures not disclosed
- Coutts & CompanyFigures not disclosed
- Epr Scotland LimitedFigures not disclosed
- Equitix GP 5 W&B Valley 2 Holdings LtdFigures not disclosed
- Equitix GP 5 W&B Cambrian 2 Holdings LtdFigures not disclosed
- Equitix GP 5 W&B Cambrian 1 Holdings LtdFigures not disclosed
- Equitix GP 5 W&B Valley 1 Holdings LtdFigures not disclosed
- Evelyn Partners Group LimitedFigures not disclosed
- Garlaff Energy LimitedFigures not disclosed
- Kuc Properties LimitedFigures not disclosed
- Land Options (West) LimitedFigures not disclosed
- Lombard North Central Public Limited CompanyFigures not disclosed
- Mettle Ventures LimitedFigures not disclosed
- National Westminster Home Loans LimitedFigures not disclosed
- Natwest Boxed LimitedFigures not disclosed
- Natwest Fis Nominees LimitedFigures not disclosed
- Natwest Group Retirement Savings Trustee LimitedFigures not disclosed
- Natwest Group Secretarial Services LimitedFigures not disclosed
- Natwest Pension Trustee LimitedFigures not disclosed
- Natwest Pep Nominees LimitedFigures not disclosed
- Natwest Property Investments LimitedFigures not disclosed
- Natwest RT Holdings LimitedFigures not disclosed
- RBS Invoice Finance LimitedFigures not disclosed
- Silvermere Holdings LimitedFigures not disclosed
- Stoneyhill Energy LimitedFigures not disclosed
- Summerston Energy LimitedFigures not disclosed
- Syndicate Nominees LimitedFigures not disclosed
- The Royal Bank of Scotland Group Independent Financial Services LimitedFigures not disclosed
- The Royal Bank of Scotland Group LimitedFigures not disclosed
- Ulster Bank Pension Trustees LimitedFigures not disclosed
- Ulster Bank, LimitedFigures not disclosed
- World Learning LimitedFigures not disclosed
Sister companies (2)
- ITB1 LimitedFigures not disclosed
- The Royal Bank of Scotland Public Limited CompanyFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £4.2bn), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.