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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

Alun Williams (Commercial Director, Savings)

Chief Executive

Marcelino Castrillo

Saving Information

No. of Savers

Unknown – estimated at approximately 250,000

Amount of Deposits

£7.84bn as at 30th June 2021

Loan Book

£8bn as at 30th June 2020

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 £94.4m of profit before tax in its half year results to 30th June 2021.

The Bank’s easy access account has been a mainstay of our best buy tables, since its launch in August 2017. Shawbrook has started 2021 strongly with some very competitive fixed rate savings accounts, ISAs and sits at the top of our business savings tables.

Shawbrook's half yearly results report a 82% net promoter score from its savers

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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