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Shawbrook Bank

General Information

Overview

Shawbrook was founded in 2011 when the then RBS Special Opportunities Fund bought Whiteaway Laidlaw Bank from Manchester Building Society and combined it with Commercial First and Link Loans to create Shawbrook Bank. It listed on the London Stock Exchange before being acquired by a consortium led by BC Partners and Pollen Street Capital in July 2017

Banking Licence

Shawbrook have their own banking licence which isn’t shared with any other banksCompanies House Number: 00388466. Financial Conduct Authority: 204574

Registration Numbers

Companies House Number: 00388466.
Financial Conduct Authority: 204574

Based: Warley, Essex but with offices in Dorking, Glasgow, West Malling and London

Date Launched: January 2011

FSCS Protected? Yes

Branches: Shawbrook does not have any branches

People of Interest

Head of Savings

Julian Hynd (Chief Operating Officer)

Chief Executive

Ian Cowie

Saving Information

No. of Savers

Unknown – estimated at approximately 150,000

Amount of Deposits

£6.1bn as at 31st December 2019

Loan Book

£6.8bn* as at 31st December 2019

Account Opening and Management

How Do I Open a Savings Account

Internet

How Do I Manage a Savings Account

Internet, Telephone

 

Lending Activities

Shawbrook has three main lending divisions:

• Consumer finance – offering personal loans, car and marine finance and loans for weddings, debt consolation and home improvements
• Property finance – bridging loans, second charge mortgages, commercial mortgages and mortgages for professional property investors and landlords
• Business finance – asset finance, working capital finance, structured finance and development finance

Reviews

Savings Guru Verdict

Shawbrook was one of the first wave of new bank to enter the market, after the financial crisis. It has built a diversified range of lending activities , supported by one of the largest savings customer base of the new entrant banks, and made £110m of profit before tax in its last financial year.

The Bank’s easy access account has been a mainstay of our best buy tables, since its launch in August 2017. Although its other products only periodically enter our best buys, we have received positive feedback from savers about Shawbrook’s customer service

Contact Information for Shawbrook Bank

Contact Details

Address: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE

Telephone: 0345 266 6611
Website: www.shawbrook.co.uk
Email: savings@shawbrook.co.uk

Open: Monday to Friday, 9am – 5.30pm.

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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