January 28, 2015 4:35 AM ET

Banks

Company Overview of Shawbrook Bank Limited

Company Overview

Shawbrook Bank Limited provides personal and business banking services. It offers personal, business, charity, and trust accounts; fixed rate bonds; notice accounts; and hire purchase and leasing for commercial vehicles. The company provides finance for various healthcare related businesses; funding for new and used taxis, including hire purchase, lease purchase, finance lease, driver to driver finance, and license plate finance; wholesale finance solutions for the specialty finance market; and block discounting for independent finance companies. Additionally, it offers short term finance and refurbishment, specialist buy-to-let options, commercial investments, personal loans, and business c...

Lutea House

Warley Hill Business Park

The Drive

Great Warley

Brentwood,  CM13 3BE

United Kingdom

Founded in 1944

Phone:

44 84 5266 6611

Fax:

44 84 5266 6651

Key Executives for Shawbrook Bank Limited

Chief Executive Officer and Executive Director
Chief Financial Officer and Executive Director
Age: 42
Managing Director of Secured Lending
Managing Director of Commercial Mortgages
Managing Director of Consumer Lending
Compensation as of Fiscal Year 2014.

Shawbrook Bank Limited Key Developments

Shawbrook Bank Reportedly Mulls IPO

Shawbrook Bank Limited is planning to launch an initial public offering (IPO), reported Sky News. Sky News has learnt that Shawbrook has appointed Bank of America Merrill Lynch and Goldman Sachs to prepare a public flotation. The listing is expected to take place during the course of 2015, and could see Sir George Mathewson, the former Chairman and Chief Executive Officer of Shawbrook, return to the helm of Shawbrook. Shawbrook is expected to be valued at several hundred million pounds if it goes public, which would potentially coincide with share offerings by a number of other so-called 'challenger banks'. Shawbrook declined to comment on the appointment of BAML and Goldman.

Shawbrook Bank Limited Appoints Simon Furnell as its New MD, Savings and Outsourced Services

Shawbrook Bank Limited has announced the appointment of Simon Furnell as its new MD, Savings and Outsourced Services. Furnell reportedly has significant experience in establishing and leading outsourced service provision, customer services and operational improvement initiatives across a range of banks and financial institutions. He joins Shawbrook after working with Barclays and Barclaycard. Previous roles include Call centre director, customer services director and change director in various divisions of the Lloyds Banking Group.

Shawbrook Denies IPO Plans

Shawbrook Bank Limited said that it does not have any plans for initial public offering (IPO) in the immediate future. Stephen Johnson, Managing Director of Commercial Lending, has quashed rumours that the bank intends to launch an IPO. Stephen Johnson said, "We have no current plans. For now we will just stick to the business plan to grow."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 4, 2014
Shawbrook Business Credit
 

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