NatWest: who owns it, who runs it and what the accounts show
National Westminster Bank Public Limited Company's person with significant control on the Companies House register is Natwest Holdings Limited. In the year to December 2025 National Westminster Bank Public Limited Company reported turnover of £23,714m.
- In the year to December 2025, NatWest had turnover of £23,714m, up 5.8% on the year before.
- It made a pre-tax profit of £5,726m.
- For a bank, the turnover shown here is gross income: interest received plus fees and other income, before the interest it pays out to savers and lenders. Its total income after that interest was £13,620m; its figures include Coutts & Company but not The Royal Bank of Scotland plc, a sister bank in NatWest Group (accounts to 31 December 2025, pp. 1 and 6).
- It employed an average of 54,500 people, with staff costs of £3,392m.
- National Westminster Bank Public Limited Company is controlled by Natwest Holdings Limited, according to the Companies House register.
- These figures are from National Westminster Bank Public Limited Company's group accounts for the year to December 2025, filed at Companies House on 3 June 2026.
- Registered name
- NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY
- Company number
- 00929027
- Status
- Active
- Incorporated
- 18 March 1968
- Registered office area
- East-Central London
- Industry code on the register
- 64191: Financial service activities (excl insurance and pension)
- Accounts
- Group accounts, covering the companies it owns
- Accounts type
- Full group accounts
- Latest accounts
- Year to December 2025, filed 3 June 2026
What does NatWest do?
NatWest is a UK high street bank, providing current accounts, savings, mortgages, credit cards and loans to households, and banking and lending to businesses of all sizes. It earns most of its income from interest, with the rest mainly from fees. These figures are for National Westminster Bank Plc, a ring-fenced bank of NatWest Group, whose group accounts include Coutts and Ulster Bank customers in Northern Ireland but not The Royal Bank of Scotland plc, a separate bank in the same group.
In brief: high street bank · ring-fenced bank · includes Coutts, not RBS · owned by NatWest Group
Source: Spark Intel editorial, checked 6 November 2026. Official website: natwest.com.
Who owns NatWest?
The Companies House register records Natwest Holdings Limited as the person with significant control of National Westminster Bank Public Limited Company, company number 00929027. Natwest Holdings Limited is itself company number 10142224.
That places National Westminster Bank Public Limited Company inside a larger group. Its accounts are group accounts, covering the companies it owns as well.
The full ownership record is on the Companies House register. Control is given in the bands the register uses, not as exact shareholdings.
Who runs NatWest?
The Companies House register lists 17 current officers for National Westminster Bank Public Limited Company.
All 17 current officers
| Officer | Appointed |
|---|---|
| Lena Cooper Wilson | 1 January 2018 |
| Francesca Barnes | 1 May 2018 |
| Patrick Gerard Flynn | 1 June 2018 |
| Katie Murray | 1 January 2019 |
| Roisin Jane Catherine Donnelly | 1 October 2022 |
| Stuart Wilson Lewis | 1 April 2023 |
| John-Paul Thwaite | 25 July 2023 |
| Mark Martin Rennison | 1 September 2023 |
| Richard Neil Haythornthwaite | 8 January 2024 |
| Geeta Gopalan | 1 July 2024 |
| Gillian Rosemary Whitehead | 8 January 2025 |
| Gary Moore | 14 February 2025 |
| Karin Alexandra Cook | 5 May 2025 |
| Joshua Charles Macdonald Critchley | 3 November 2025 |
| Albert Roger Hitchcock | 23 February 2026 |
| Erminia Johannson | 1 July 2026 |
| Cindy Belle Levy | 1 October 2026 |
Every current officer, with appointment dates, is on the Companies House register.
What did NatWest file?
National Westminster Bank Public Limited Company reported turnover of £23,714m in the year to December 2025. That was up 5.8% on £22,407m the year before.
It reported 54,500 employees. The year before it reported 55,700.
It filed a pre-tax profit of £5,726m for the year, against a pre-tax profit of £4,663m the year before.
Staff costs came to £3,392m. That is an average of £62,000 a head. It ended the year with £29,939m at the bank and net assets of £24,121m. It paid dividends of £3,221m.
| Measure | Dec 2025 | Dec 2024 |
|---|---|---|
| Turnover | £23,714m | £22,407m |
| Pre-tax profit | £5,726m (filed) | £4,663m (filed) |
| Employees | 54,500 | 55,700 |
| Staff costs | £3,392m | £3,301m |
| Average staff cost per head | £62,000 | £59,000 |
| Bank and cash | £29,939m | £35,095m |
| Net assets | £24,121m | £23,093m |
| Dividends paid | £3,221m | £2,710m |
| Directors' pay | £13m |
What these figures cover: For a bank, the turnover shown here is gross income: interest received plus fees and other income, before the interest it pays out to savers and lenders. Its total income after that interest was £13,620m; its figures include Coutts & Company but not The Royal Bank of Scotland plc, a sister bank in NatWest Group (accounts to 31 December 2025, pp. 1 and 6).
Read the accounts to December 2025 (PDF, Companies House) · every accounts filing
What do these figures mean? Turnover vs profit · Profit per £100 · Cash vs profit · Net assets · Group accounts
Are there any charges against NatWest?
National Westminster Bank Public Limited Company has registered 27 charges at Companies House, of which 20 are still outstanding. A charge is security a lender takes over a company's assets; one is satisfied when the lending behind it is repaid or released.
All 20 outstanding charges
| Charge holder | Created |
|---|---|
| National Westminster Bank PLC | 20 October 2026 |
| Natwest Markets N.V. (And Its Successors in Title and Permitted Transferees) | 22 October 2025 |
| The Governor and Company of the Bank of England (Security Trustee for the Security Beneficiary) | 12 March 2021 |
| The Governor and Company of the Bank of England as Security Trustee for the Security Beneficiaries | 19 June 2019 |
| The Governor and Company of the Bank of England as Security Trustee | 15 March 2019 |
| The Governor and Company of the Bank of England as Security Trustee | 13 March 2019 |
| Goldman Sachs International | 10 September 2018 |
| Deutsche Bank Aktiengesellschaft | 21 August 2018 |
| J.P.Morgan Securities Llc | 13 August 2018 |
| Bnp Paribas | 25 May 2018 |
| Bildurn (Properties) Limited | 12 March 2018 |
| Marston's PLC | 1 February 2018 |
| Euroclear Bank Sa/Nv | 25 September 2017 |
| Arcos Capital Partners Ab as Security Trustee | 30 November 2016 |
| Mediterranean Bank PLC | 19 December 2014 |
| The Governor and Company of the Bank of England (As Security Trustee) | 5 September 2013 |
| The Governor and Company of the Bank of England (As Security Trustee for the Security Beneficiaries) | 10 January 2013 |
| The Royal Bank of Scotland PLC | 22 October 2012 |
| The Governor and Company of the Bank of England (As Security Trustee for the Security Beneficiaries) | 3 July 2012 |
| The Governor and Company of the Bank of England (As Security Trustee for the Security Beneficiaries) | 27 June 2012 |
Each charge, with its holder and dates, is on the Companies House register.
How NatWest compares
Of the 7 high street banks, NatWest is 2nd on turnover, 2nd on profit margin and 1st on growth. HSBC UK keeps the most of every £100 of sales: £34.11.
| Rank | High street banks | Turnover | Profit per £100 |
|---|---|---|---|
| 1st | Lloyds Bank | £34,528m | £15.85 |
| 2nd | NatWest | £23,714m | £24.15 |
| + 5 more high street banks ranked |
Ranked by turnover. Profit per £100 is pre-tax profit for every £100 of turnover, shown only where the profit is filed.
NatWest files as National Westminster Bank Public Limited Company, whose person with significant control is Natwest Holdings Limited, with turnover of £23,714m in its latest filed year.
Questions about NatWest
What does NatWest do?
NatWest is a UK high street bank, providing current accounts, savings, mortgages, credit cards and loans to households, and banking and lending to businesses of all sizes. It earns most of its income from interest, with the rest mainly from fees. These figures are for National Westminster Bank Plc, a ring-fenced bank of NatWest Group, whose group accounts include Coutts and Ulster Bank customers in Northern Ireland but not The Royal Bank of Scotland plc, a separate bank in the same group.
Is NatWest bigger than Lloyds Bank?
No, by turnover. NatWest reported £23,714m in its latest accounts, against £34,528m at Lloyds Bank. Our Lloyds v NatWest page compares the two on profit, margin, growth and staff. Lloyds v NatWest →
How does NatWest compare with its rivals?
By turnover, NatWest is 2nd of the 7 companies in our battle of the high street banks, behind Lloyds Bank. The battle ranks them on turnover, pre-tax profit, margin, growth and net assets. The battle of the high street banks →
Who owns NatWest?
The Companies House register records Natwest Holdings Limited as the person with significant control of National Westminster Bank Public Limited Company.
How much does NatWest make?
National Westminster Bank Public Limited Company reported turnover of £23,714m in the year to December 2025. It filed a pre-tax profit of £5,726m.
How many people work at NatWest?
National Westminster Bank Public Limited Company reported 54,500 employees in the year to December 2025.
Who runs NatWest?
The Companies House register lists 17 current officers for National Westminster Bank Public Limited Company. The full list, with appointment dates, is on the Companies House register.
- Figures come from National Westminster Bank Public Limited Company's filings at Companies House, company number 00929027, for the period shown at the top of the page.
- These are group accounts: they include the companies it owns.
- Pre-tax profit is the figure the company filed, for both years.
- A figure the filing does not disclose is shown as n/d. A zero in the filing is treated as not disclosed, never as nil.
- Rounding: below £0.1m in thousands, from £0.1m to £2m to one decimal place, from £2m to the nearest million.
- Ownership is shown in the control bands the register of people with significant control uses, not as exact shareholdings.
- Officers' names and appointment dates come from the Companies House register. Job titles come from the company's own website. The description of what the company does comes from its website, or is marked Spark Intel editorial where it is written from stable, checked facts, with the date either way.
Spark Intel, “NatWest: who owns it, who runs it and what the accounts show”, updated 6 November 2026. https://www.spark-intel.co.uk/companies/natwest/. Figures from Companies House filings for NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY (00929027).
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