Challenger banks
March 2025
1st in cohort
Aldermore Bank
March 2025 debenture analysis for Aldermore Bank. Challenger banks cohort, ranked 1st.
March 2025 Debenture Activity
Year-over-year comparison of debenture registrations for March 2025
| Year | 2022 | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|---|
| Debentures | 217 | 126 | 468 | 696 | +33% |
Borrower Profile
Average borrower characteristics compared to cohort for March 2025
| Avg age (yrs) | Avg net assets | |
|---|---|---|
| Aldermore Bank | 5.4 | £338k |
| Cohort average | 6.5 | £636k |
Top Sectors
| Sector | Count |
|---|---|
| Real estate | 632 |
| Building construction | 21 |
| Financial services | 7 |
| Office & business support | 5 |
| IT programming / consulting | 4 |
Top Regions
| Region | Count |
|---|---|
| South East | 134 |
| London | 102 |
| North West | 96 |
| Midlands | 78 |
| Scotland | 66 |
Notable New Debentures
Significant new debenture registrations in March 2025
| Date | Business | Bus. age | Region | Sector | Financials |
|---|---|---|---|---|---|
| 19/03/2025 | KEXGILL LIMITED | 46.5 yrs | Yorkshire / | Real estate | Jun-2024, Turnover: £17.6m, Trade Debtors: £837k, Debts: £114.6m |
| 25/03/2025 | PHOTOLEASE LIMITED | 9.1 yrs | Northern Ireland | - | Sep-2024, Trade Debtors: £9.5m, Debts: £1.9m, Net Assets: £4.6m, Staff: 11 |
| 19/03/2025 | KEXGILL (NOTTINGHAM) | 23.3 yrs | Yorkshire / | Real estate | Jun-2024, Trade Debtors: £53k, Debts: £19.4m, Net Assets: £9.3m, Staff: 10 |
| 19/03/2025 | KEXGILL (CRANBROOK) | 6.7 yrs | Yorkshire / | Real estate | Jun-2024, Trade Debtors: £131k, Debts: £15.4m, Net Assets: £6.8m, Staff: 7 |
| 10/03/2025 | CRYSTALIGHT LIMITED | 28.3 yrs | Midlands | Real estate | Aug-2024, Net Assets: £4.4m, Staff: 5, Est PBT: £1.1m |
| 19/03/2025 | KEXGILL (COTTINGHAM) | 2 yrs | 8.7 Yorkshire / | - | Jun-2024, Trade Debtors: £153k, Debts: £13.9m, Net Assets: £7.0m, Staff: 3 |
| 27/03/2025 | MSH HEALTHCARE LTD | 6.4 yrs | North West | Human health | Apr-2025, Net Assets: £387k, Staff: 147, Est PBT: £35k |
| 17/03/2025 | THOMAS ESTATES LLP | 7 yrs | South East | Unknown | Mar-2025, Trade Debtors: £47k, Debts: £5.2m, Net Assets: £9.1m, Est PBT: £-611k |
| 20/03/2025 | A&R FAMILY PROPERTIES | 4.8 yrs | London | Real estate | Apr-2025, Net Assets: £10.6m, Staff: 4, Est PBT: £166k |
| 19/03/2025 | KEXGILL (SALFORD) LIMITED | 21.2 yrs | Yorkshire / | - | Jun-2024, Trade Debtors: £32k, Debts: £6.7m, Net Assets: £6.5m, Staff: 9 |