Starling Bank Limited
Registered name: STARLING BANK LIMITED
Part of Starling Group Holdings Limited groupStarling Bank Limited made £647m revenue and £220m profit in the year to 31 Mar 2024.
Starling Bank Limited’s revenue grew 56% to £647m in the year to 31 Mar 2024, with £220m profit and 3,231 employees. The company is classified under “banks” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 12 yrs · since 2014
- Type
- Private 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 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £97.6m | £188m | £415m | £647m |
| Profit before tax | −£31.5m | £32.1m | £195m | £301m |
| Profit after tax | −£23.3m | £44.9m | £143m | £220m |
| Profit (best available) | −£23.3m | £44.9m | £143m | £220m |
| Employees (average) | 981 | 1,751 | 2,308 | 3,231 |
| Ratios | ||||
| Profit margin | −23.9% | 23.9% | 34.4% | 34% |
| Revenue per employee | £99.5k | £107k | £180k | £200k |
| Profit per employee | −£23.8k | £25.7k | £61.9k | £68.1k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲92.7% | ▲120.6% | ▲56% |
| Profit growth | — | — | ▲217.9% | ▲54% |
| Headcount growth | — | ▲78.5% | ▲31.8% | ▲40% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Aug 2022 | Accounts · bulk data Aug 2022 | Accounts · bulk data Jul 2024 | Accounts · bulk data Jul 2024 |
How the business works
- Profit margin
- 34%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £200k
- Revenue ÷ average employees.
- Profit per employee
- £68.1k
- 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
- ▲40%
- Now 3,231
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Starling Group Holdings Limitedultimate parent75–100%
- Starling Intermediate Holdings Limited75–100%
- Starling Bank Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Ember by Starling LimitedFigures not disclosed
- Fleet Mortgages LimitedFigures not disclosed
Sister companies (2)
- Murmur Financial Services LimitedFigures not disclosed
- Starling FS Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2024 (profit £220m), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.
Updated from Companies House on 11 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.