DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY

Active
Company number 04055414Public limited companyIncorporated 2000

Key figures

£473,337,000+124.0%
Net assets 2025/26
+124.0%
Average annual growth 2024/25–2025/26
0200 m400 m600 m2024/252025/26

† DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2025/26

Sector comparison

SIC 64999

Where the company stands among the 29,051 active companies whose first SIC code is 64999 (Financial intermediation not elsewhere classified).

Turnover£42,669,000
Higher than 85% · median £3,116,595 among 1,351 that publish turnover
Net assets£473,337,000
Higher than 99% · median £26,303
Total assets£909,091,000
Higher than 99% · median £100,766
Cash£1,209,000
Higher than 85% · median £55,678
Employees286
Higher than 99% · median 1
Company age26.2 years
Older than 91% · median 8.8 years
Largest in this sector by net assets
  1. 3I GROUP PLC£30.9bn
  2. VR FINANCE COMPANY£7.2bn
  3. F&C INVESTMENT TRUST PLC£6.2bn
  4. B.A.T. INTERNATIONAL FINANCE P.L.C.£5.9bn
  5. BARCLAYS ALDERSGATE INVESTMENTS LIMITED£3.6bn
  6. BARCLAYS INVESTMENT MANAGEMENT LIMITED£3.3bn
  7. GLQ HOLDINGS (UK) LTD£2.9bn
  8. ICG PLC£2.7bn
  9. ICG GLOBAL INVESTMENT UK LIMITED£2.6bn
  10. HGCAPITAL TRUST PLC£2.6bn

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 29,051. The line on each bar marks the median.

Summary: DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY

What kind of company is it?

DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY is a public limited company registered with Companies House under company number 04055414. It was incorporated on 18 Aug 2000. Its status is active. The registered office is in Wrexham (LL13). Its nature of business (SIC 2007) is financial intermediation not elsewhere classified (64999).

How is the company doing financially?

The latest accounts in the database are for 2025/26 (period ending 31 Mar 2026); the company files group accounts. Turnover was £42,669,000. Profit for the year was £45,609,000. Net assets were £473,337,000, up 124% on the previous year. Cash at bank and in hand was £1,209,000. Total assets were £909,091,000 and total liabilities £442,154,000. The company had an average of 286 employees. Figures are available for 2 financial years (2024/25–2025/26).

How does it compare with similar companies?

Compared with 29,051 active companies whose first SIC code is 64999: By turnover it ranks higher than 85% of the 1,351 that publish turnover (median £3,116,595). By net assets it ranks higher than 99% of them (median £26,303). By total assets it ranks higher than 99% of them (median £100,766). By cash it ranks higher than 85% of them (median £55,678). By number of employees it ranks higher than 99% of them (median 1). It is older than 91% of them (median age 8.8 years).

What do public registers and reports show?

Its gender pay gap report for 2026/27 shows median hourly pay for women 28% lower than for men.

Who runs and controls the company?

One person with significant control is registered.

When are its next filings due?

The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 1 Sep 2027.

Filed accounts2024/25–2025/26
2024/25 †2025/26 †
Turnover38,750,00042,669,000
Profit for the year18,992,00045,609,000
Cash at bank and in hand1,007,0001,209,000
Total assets907,008,000909,091,000
Total liabilities700,907,000442,154,000
Net assets / total equity211,271,000473,337,000
Average number of employees283286

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Statutory reporting

Gender pay gap2026/27
Median hourly pay
women 28% lower
Mean hourly pay
women 23% lower
Median bonus pay
women 31% lower
Employer size
250 to 499 employees
Lower pay quarter73% womenLower middle66% womenUpper middle37% womenUpper pay quarter38% women
Earlier years (3)
Year
Median hourly pay
Mean hourly pay
2025/26
women 32% lower
women 25% lower
2024/25
women 29% lower
women 25% lower
2023/24
women 27% lower
women 23% lower

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. View on the Gender pay gap service

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

History

5 events
  1. Financial year 2025/26 endedAccounts: turnover £42.7m, net assets £473.3m, 286 employees
  2. Financial year 2024/25 endedAccounts: turnover £38.8m, net assets £211.3m, 283 employees
  3. Name changed to DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANYPreviously FINANCE WALES PUBLIC LIMITED COMPANY
  4. Welsh Ministers registered as a person with significant control
  5. Company incorporatedPublic limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current persons with significant control, and the end of each financial year with figures in the database. Former persons with significant control are not listed.