HSBC Equipment Finance (UK) Limited
Registered name: HSBC EQUIPMENT FINANCE (UK) LIMITED
Part of HSBC Holdings PLC groupHSBC Equipment Finance (UK) Limited made £294m revenue and £67.3m profit in the year to 31 Dec 2024.
HSBC Equipment Finance (UK) Limited’s revenue grew 19% to £294m in the year to 31 Dec 2024, with £67.3m profit. The company is classified under “financial intermediation not elsewhere classified” and is based in Birmingham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Birmingham
- Age
- 46 yrs · since 1980
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £137m | £247m | £294m |
| Cost of sales | −£58.4m | −£150m | −£187m |
| Gross profit | £78.9m | £97.1m | £107m |
| Operating profit | £60.1m | £72.4m | £90.7m |
| Profit before tax | £60.1m | £72.4m | £90.7m |
| Profit after tax | £48.7m | £54.1m | £67.3m |
| Profit (best available) | £48.7m | £54.1m | £67.3m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 35.4% | 21.9% | 22.9% |
| Gross margin | 57.4% | 39.3% | 36.5% |
| Growth (year on year) | |||
| Revenue growth | — | ▲80% | ▲18.9% |
| Profit growth | — | ▲11.1% | ▲24.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 22.9%
- Profit ÷ revenue.
- Gross margin
- 36.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- 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
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- HSBC Holdings PLCultimate parent75–100%
- HSBC UK Bank PLC75–100%
- HSBC Equipment Finance (UK) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Assetfinance December (F) LimitedFigures not disclosed
- Assetfinance March (D) LimitedLiquidationFigures not disclosed
Sister companies (14)
- Canada Square Nominees (UK) LimitedFigures not disclosed
- HSBC Bank Pension Trust (UK) LimitedFigures not disclosed
- HSBC Branch Nominee (UK) LimitedFigures not disclosed
- HSBC Innovation Bank LimitedFigures not disclosed
- HSBC Invoice Finance (UK) LimitedFigures not disclosed
- HSBC Private Bank (UK) LimitedFigures not disclosed
- HSBC UK Client Nominee LimitedFigures not disclosed
- HSBC Wealth Client Nominee LimitedFigures not disclosed
- Marks and Spencer Financial Services LimitedFigures not disclosed
- Marks and Spencer Unit Trust Management LimitedFigures not disclosed
- Midland Bank (Branch Nominees) LimitedFigures not disclosed
- Midland Nominees LimitedFigures not disclosed
- ST Cross Trustees LimitedFigures not disclosed
- Turnsonic (Nominees) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £67.3m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.