Development Bank of Wales Public Limited Company
Registered name: DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY
Part of Welsh Ministers groupDevelopment Bank of Wales Public Limited Company made £42.7m revenue and £45.6m profit in the year to 31 Mar 2026.
Development Bank of Wales Public Limited Company’s revenue grew 10% to £42.7m in the year to 31 Mar 2026, with £45.6m profit and 286 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Wrexham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wrexham, Wales
- Age
- 26 yrs · since 2000
- 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
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £32.2m | £38.8m | £42.7m |
| Operating profit | £44.6m | £3.6m | £28.9m |
| Profit before tax | £40.8m | £22.3m | £46.8m |
| Profit after tax | £38m | £19m | £45.6m |
| Profit (best available) | £38m | £19m | £45.6m |
| Employees (average) | 281 | 283 | 286 |
| Ratios | |||
| Profit margin | 118.1% | 49% | 106.9% |
| Revenue per employee | £114k | £137k | £149k |
| Profit per employee | £135k | £67.1k | £159k |
| Growth (year on year) | |||
| Revenue growth | — | ▲20.5% | ▲10.1% |
| Profit growth | — | ▼50% | ▲140.2% |
| Headcount growth | — | ▲0.7% | ▲1.1% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 106.9%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £149k
- Revenue ÷ average employees.
- Profit per employee
- £159k
- 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
- ▲1%
- Now 286
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Welsh Ministers (registered outside the UK register)ultimate parent75–100%
- Development Bank of Wales Public Limited Companythis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (4)
- DBW Holdings LimitedFigures not disclosed
- DBW Managers LimitedFigures not disclosed
- DBW Services LimitedFigures not disclosed
- FWC Tfif GP LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2026 (profit £45.6m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.