 | |
| Company type | Limited company |
|---|---|
| LSE: SHAW | |
| Industry | Financial services |
| Founded | 1988 |
| Headquarters | , |
Key people | John Callender (Chairman) Marcelino Castrillo (CEO) |
| Products | Banking |
| Revenue |  £590.9 million (2024) [1] |
| £609.8 million (2024) [1] | |
| £219.9 million (2024) [1] | |
| Website | www |
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.
The bank has its origins in a department store chain, Whiteaway Laidlaw, which operated mainly in Asia and was established in 1877. [2] Great Universal Stores bought the store chain in 1957. [3]
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. [4]
Home Retail Group inherited the bank on its demerger from GUS in July 2006 [5] and then sold it to Manchester Building Society in March 2007. [6]
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. [7] Whiteaway Laidlaw Bank rebranded as Shawbrook Bank in October 2011. [8]
Singers Asset Finance was acquired in March 2012 and then rebranded as Shawbrook Asset Finance in March 2013. [9] The bank acquired asset based lender Centric Commercial Finance in June 2014 and subsequently rebranded it as Shawbrook Business Credit. [10] The bank was the subject of an initial public offering in April 2015, [11] raising £90 million of cash to support the capital position and future growth. [12]
A consortium led by BC Partners and Pollen Street Capital acquired the business for £868 million in July 2017. [13]
In June 2023, Shawbrook completed the acquisition of specialist lender Bluestone Mortgages Limited (BML) from Bluestone Investment Holdings. [14]
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. [15] At the same time it was also revealed that Shawbrook had made an offer for Co-op Bank. [16] Co-op Bank had reportedly been looking for a buyer since April 2023, with a deadline set for early October 2023. [17]
In October 2025, Shawbrook announced plans to list a minimum of £200 million worth of shares on the London Stock Exchange. [18] It was the subject of a new initial public offering on the London Stock Exchange on 30 October 2025. [19]
The bank offers loans to small and medium-sized businesses that are unable to obtain finance from the main commercial banks. [11]
