TSB: who owns it, who runs it and what the accounts show
TSB Bank PLC's person with significant control on the Companies House register is Tsb Banking Group Plc. In the year to December 2025 TSB Bank PLC reported turnover of £2,130m.
- In the year to December 2025, TSB had turnover of £2,130m, down 5.9% on the year before.
- It made a pre-tax profit of £339m.
- 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 £1,172m; these accounts were prepared while TSB was owned by Banco de Sabadell, and Santander UK became its owner in 2026 (accounts to 31 December 2025, pp. 2 and 7).
- It employed an average of 4,733 people, with staff costs of £319m.
- TSB Bank PLC is controlled by Tsb Banking Group Plc, according to the Companies House register.
- These figures are from TSB Bank PLC's group accounts for the year to December 2025, filed at Companies House on 20 February 2026.
- Registered name
- TSB BANK PLC
- Company number
- SC095237
- Status
- Active
- Incorporated
- 24 September 1985
- Registered office area
- Edinburgh
- 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 20 February 2026
What does TSB do?
TSB is a UK high street bank, providing current accounts, savings, mortgages, loans and credit cards to personal customers, and banking services to businesses, through branches, online and its app. It earns most of its income from interest. These figures are for TSB Bank plc, which holds TSB's banking business; it was owned by Spain's Banco Sabadell until Santander UK bought it in 2026, and it still runs as a separate bank under its own brand.
In brief: high street bank · the whole TSB bank · owned by Santander UK since 2026 · previously Banco Sabadell
Source: Spark Intel editorial, checked 6 November 2026. Official website: tsb.co.uk.
Who owns TSB?
The Companies House register records Tsb Banking Group Plc as the person with significant control of TSB Bank PLC, company number SC095237. Tsb Banking Group Plc is itself company number 08871766.
That places TSB Bank PLC 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 TSB?
The Companies House register lists 11 current officers for TSB Bank PLC.
All 11 current officers
| Officer | Appointed |
|---|---|
| Keith Graham Hawkins | 1 January 2019 |
| Elizabeth Grace Chambers | 1 October 2020 |
| Judith Elizabeth Eden | 1 January 2024 |
| Morten Nicolai Friis | 1 April 2024 |
| Jose Francisco Doncel Razola | 30 April 2026 |
| Michelle Anne Hinchliffe | 30 April 2026 |
| David James Stanley Oldfield | 30 April 2026 |
| Nicola Carole Bannister | 30 April 2026 |
| Alison Jane Webdale | 30 April 2026 |
| Mahesh Chatta Aditya | 30 April 2026 |
| Alison Mary Straszewski | 30 April 2026 |
Every current officer, with appointment dates, is on the Companies House register.
What did TSB file?
TSB Bank PLC reported turnover of £2,130m in the year to December 2025. That was down 5.9% on £2,264m the year before.
It reported 4,733 employees. The year before it reported 5,047.
It filed a pre-tax profit of £339m for the year, against a pre-tax profit of £285m the year before.
Staff costs came to £319m. That is an average of £67,000 a head. It ended the year with £4,202m at the bank and net assets of £2,338m.
| Measure | Dec 2025 | Dec 2024 |
|---|---|---|
| Turnover | £2,130m | £2,264m |
| Pre-tax profit | £339m (filed) | £285m (filed) |
| Employees | 4,733 | 5,047 |
| Staff costs | £319m | £320m |
| Average staff cost per head | £67,000 | £63,000 |
| Bank and cash | £4,202m | £4,824m |
| Net assets | £2,338m | £2,121m |
| Directors' pay | £4m |
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 £1,172m; these accounts were prepared while TSB was owned by Banco de Sabadell, and Santander UK became its owner in 2026 (accounts to 31 December 2025, pp. 2 and 7).
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 TSB?
TSB Bank PLC has registered 13 charges at Companies House, of which 4 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 4 outstanding charges
| Charge holder | Created |
|---|---|
| The Governor and Company of the Bank of England | 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 |
| Lch. Clearnet Limited | 16 January 2015 |
Each charge, with its holder and dates, is on the Companies House register.
How TSB compares
Of the 7 high street banks, TSB is 6th on turnover, 4th on profit margin and 5th 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 |
| 6th | TSB | £2,130m | £15.94 |
| + 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.
TSB files as TSB Bank PLC, whose person with significant control is Tsb Banking Group Plc, with turnover of £2,130m in its latest filed year.
Questions about TSB
What does TSB do?
TSB is a UK high street bank, providing current accounts, savings, mortgages, loans and credit cards to personal customers, and banking services to businesses, through branches, online and its app. It earns most of its income from interest. These figures are for TSB Bank plc, which holds TSB's banking business; it was owned by Spain's Banco Sabadell until Santander UK bought it in 2026, and it still runs as a separate bank under its own brand.
How does TSB compare with its rivals?
By turnover, TSB is 6th 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 TSB?
The Companies House register records Tsb Banking Group Plc as the person with significant control of TSB Bank PLC.
How much does TSB make?
TSB Bank PLC reported turnover of £2,130m in the year to December 2025. It filed a pre-tax profit of £339m.
How many people work at TSB?
TSB Bank PLC reported 4,733 employees in the year to December 2025.
Who runs TSB?
The Companies House register lists 11 current officers for TSB Bank PLC. The full list, with appointment dates, is on the Companies House register.
- Figures come from TSB Bank PLC's filings at Companies House, company number SC095237, 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, “TSB: who owns it, who runs it and what the accounts show”, updated 6 November 2026. https://www.spark-intel.co.uk/companies/tsb/. Figures from Companies House filings for TSB BANK PLC (SC095237).
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