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Shawbrook Bank

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Shawbrook
Company typeLimited company
LSE: SHAW
IndustryFinancial services
Founded1988
Headquarters
Brentwood, Essex
,
England, UK
Key people
John Callender (Chairman)
Marcelino Castrillo
(CEO)
ProductsBanking
RevenueIncrease £590.9 million (2024)[1]
Increase £609.8 million (2024)[1]
Increase £219.9 million (2024)[1]
Websitewww.shawbrook.co.uk

Shawbrook Bank Limited is a British retail and commercial bank based in the United Kingdom. Its parent company, Shawbrook Group plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]

History

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The bank has its origins in a department store chain, Whiteaway Laidlaw, which operated mainly in Asia and was established in 1877.[3] Great Universal Stores bought the store chain in 1957.[4]

The store chain included several finance arms including Whiteaway Laidlaw Bank which offered banking facilities to small businesses and personal customers and was incorporated as a separate company in February 1988.[5]

Home Retail Group inherited the bank on its demerger from GUS in July 2006[6] and then sold it to Manchester Building Society in March 2007.[7]

In February 2011, private investors led by RBS Equity Finance, which was later spun off from the Royal Bank of Scotland Group and became Pollen Street Capital, bought Whiteaway Laidlaw Bank.[8] Whiteaway Laidlaw Bank rebranded as Shawbrook Bank in October 2011.[9]

Singers Asset Finance was acquired in March 2012 and then rebranded as Shawbrook Asset Finance in March 2013.[10] The bank acquired asset based lender Centric Commercial Finance in June 2014 and subsequently rebranded it as Shawbrook Business Credit.[11] The bank was the subject of an initial public offering in April 2015,[12] raising £90 million of cash to support the capital position and future growth.[13]

A consortium led by BC Partners and Pollen Street Capital acquired the business for £868 million in July 2017.[14]

In June 2023, Shawbrook completed the acquisition of specialist lender Bluestone Mortgages Limited (BML) from Bluestone Investment Holdings.[15]

In October 2023, it was revealed that Shawbrook had made a number of unsuccessful takeover offers for Metro Bank prior to that bank's successful capital raise on 8 October.[16] At the same time it was also revealed that Shawbrook had made an offer for Co-op Bank.[17] Co-op Bank had reportedly been looking for a buyer since April 2023, with a deadline set for early October 2023.[18]

In October 2025, Shawbrook announced plans to list a minimum of £200 million worth of shares on the London Stock Exchange.[19] It was the subject of a new initial public offering on the London Stock Exchange on 30 October 2025.[20]

Operations

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The bank offers loans to small and medium-sized businesses that are unable to obtain finance from the main commercial banks.[12]

References

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  1. ^ a b c "Historical Financial Information" (PDF). Shawbrook Bank. p. 171. Retrieved 14 October 2025.
  2. ^ "FTSE UK Index Series: Quarterly Review December 2025". FTSE Russell. 3 December 2025. Retrieved 19 December 2025.
  3. ^ "Whiteaway, Laidlaw & Co Ltd". hawleysheffieldknives.com. Retrieved 25 April 2024.
  4. ^ Trotman-Dickenson, D. I (17 May 2014). Economic Workbook and Data: A Tutorial Volume for Students. Elsevier. p. 157. ISBN 9781483158112.
  5. ^ "Shawbrook Bank". Companies House. Retrieved 7 October 2025.
  6. ^ "GUS reveals demerger plans". Investors Chronicle. Retrieved 28 March 2015.
  7. ^ "Manchester BS buys Whiteaway Bank". Money Marketing. 1 March 2007. Retrieved 7 October 2025.
  8. ^ "RBS deal for Whiteaway Laidlaw bank 'deeply worrying', says Chuka Umunna MP". The Telegraph. 1 February 2011. Retrieved 13 June 2015.
  9. ^ "Whiteaway Laidlaw Bank rebrands to Shawbrook Bank". Mortgage Strategy. 17 October 2011. Retrieved 5 October 2014.
  10. ^ "Singers rebranded as Shawbrook Asset Finance". Mortgage Introducer. 4 March 2013. Retrieved 20 May 2016.
  11. ^ "Shawbrook buys Centric Commercial Finance". Insider Media. 5 June 2014. Retrieved 20 May 2016.
  12. ^ a b "Challenger bank Shawbrook fetches £725m valuation on IPO". The Telegraph. 1 April 2015. Retrieved 13 June 2015.
  13. ^ "Challenger Bank Shawbrook raises £90m from IPO". FT. 1 April 2015. Retrieved 20 May 2016.
  14. ^ "Victorious private equity consortium wins shareholder approval to take over Shawbrook bank". City AM. 19 June 2017.
  15. ^ Fowler, Ryan (1 June 2023). "Shawbrook Group finalises acquisition of Bluestone Mortgages". The Intermediary - Latest UK mortgage news. Retrieved 1 June 2023.
  16. ^ Fowler, Ryan (8 October 2023). "Metro Bank knocks back Shawbrook offer while JPMorgan Chase declines to bid, reports". The Intermediary - Latest UK mortgage news. Retrieved 9 October 2023.
  17. ^ Fowler, Ryan (8 October 2023). "Shawbrook Bank makes bid for Co-op Bank while considering new Metro Bank offer, reports". The Intermediary - Latest UK mortgage news. Retrieved 9 October 2023.
  18. ^ Cerqueiro, Pablo Mayo; Gonzalez, Andres; Cerqueiro, Pablo Mayo; Gonzalez, Andres (14 September 2023). "Co-op Bank kicks off sale with early October bid deadline, sources say". Reuters. Retrieved 9 October 2023.
  19. ^ Hosking, Patrick (6 October 2025). "Shawbrook confirms plans for £2bn London float". www.thetimes.com. Retrieved 6 October 2025.
  20. ^ "Shawbrook shares jump after biggest UK company IPO on LSE in two years". Reuters. 30 October 2025. Retrieved 31 October 2025.
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