Financial Information
Our strategy is focused on the long term. We aim to build strong, lasting relationships with our customers and broker partners and grow sustainable and profitable businesses in underserved sectors of the finance market.
2025 Key Performance Indicators
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£176m
Operating income
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£78.7m
Profit before tax
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47.7%
Cost income ratio
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£1,975m
Gross new lending
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435
Staff numbers
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£3,895m
Loan book
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£3,928m
Funding 1
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14.1%
Return on equity 2
1 Includes Bank of England funding schemes
2 Return on Equity is calculated net of the coupon paid on contingent convertible securities
“In 2025, the Bank achieved 12% growth in loan book and 5% growth in operating profit before impairment charges to £92.3m in a competitive and slower market. Profit before tax was £78.7m due to higher impairment charges reflecting weaknesses in the UK economy. The Bank further strengthened its capital position and welcomed Warburg Pincus as a new minority shareholder of the group. UTB continues to invest in technology, talent and product innovation, positioning the Bank to enhance customer experience, scale efficiently and continue to target specialist market segments.”
Richard Murley – Chair
Business Overview
UTB operates within the UK and its primary activity is the provision of a range of secured funding facilities for individuals and businesses and fixed, notice and easy access deposit accounts for individuals, businesses and charities.
The Bank provides short to medium-term property loans supporting SME housebuilders in the development of residential and residential led mixed use housing schemes, bridging and structured finance facilities for individuals, companies and property investors and regulated first and second charge mortgage products.
UTB also provides UK SMEs with a variety of funding options for the acquisition and refinance of assets including wheeled and tracked vehicles and plant, haulage tractors and trailers, CNC machinery and high value and classic cars.
All UTB’s lending is funded by the Bank’s capital base, limited drawings from Bank of England schemes and deposits.
Pillar 3 disclosure
The purpose of the Pillar 3 document is to provide information and disclosure to the Bank’s stakeholders in relation to the internal procedures and policies adopted by the Bank to manage and mitigate its key risks.