Close Brothers Limited
Registered name: CLOSE BROTHERS LIMITED
Part of Close Brothers Group PLC groupClose Brothers Limited made £671m revenue and a £85.3m loss in the year to 31 Jul 2025.
Close Brothers Limited’s revenue fell 7% to £671m in the year to 31 Jul 2025, with a loss of £85.3m and 2,165 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 102 yrs · since 1924
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jul 2023 | 31 Jul 2024 | 31 Jul 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £714m | £725m | £671m |
| Operating profit | £121m | £178m | −£67.6m |
| Profit before tax | £121m | £178m | −£67.6m |
| Profit after tax | £89.1m | £130m | −£85.3m |
| Profit (best available) | £89.1m | £130m | −£85.3m |
| Employees (average) | 2,271 | 2,263 | 2,165 |
| Ratios | |||
| Profit margin | 12.5% | 18% | −12.7% |
| Revenue per employee | £315k | £320k | £310k |
| Profit per employee | £39.2k | £57.6k | −£39.4k |
| Growth (year on year) | |||
| Revenue growth | — | ▲1.5% | ▼7.4% |
| Profit growth | — | ▲46.4% | ▼165.4% |
| Headcount growth | — | ▼0.4% | ▼4.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −12.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £310k
- Revenue ÷ average employees.
- Profit per employee
- −£39.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼4%
- Now 2,165
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Close Brothers Group PLCultimate parent75–100%
- Close Brothers Holdings Limited75–100%
- Close Brothers Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (16)
- Air and General Finance LimitedFigures not disclosed
- Arrow Audit Services LimitedFigures not disclosed
- Close Asset Finance LimitedFigures not disclosed
- Close Brothers Finance PLCFigures not disclosed
- Close Brothers Technology Services LimitedFigures not disclosed
- Close Brothers Vehicle Hire LimitedFigures not disclosed
- Close Business Finance LimitedFigures not disclosed
- Close Credit Management (Holdings) LimitedFigures not disclosed
- Close Invoice Finance LimitedFigures not disclosed
- Close Leasing LimitedFigures not disclosed
- Commercial Acceptances LimitedFigures not disclosed
- Commercial Finance Credit LimitedFigures not disclosed
- Finance for Industry LimitedFigures not disclosed
- Kingston Asset Finance LimitedFigures not disclosed
- Novitas Loans LimitedFigures not disclosed
- Surrey Asset Finance LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Jul 2025 (profit −£85.3m), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.