Bupa Finance PLC.
Registered name: BUPA FINANCE PLC.
Part of British United Provident Association Limited(The) groupBupa Finance PLC. made £18.2bn revenue and £859m profit in the year to 31 Dec 2025.
Bupa Finance PLC.’s revenue grew 7% to £18.2bn in the year to 31 Dec 2025, with £859m profit and 103,849 employees. The company is classified under “activities of financial services holding companies” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 33 yrs · since 1993
- Type
- Public 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 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £15.1bn | £16.9bn | £18.2bn |
| Cost of sales | −£10.3bn | −£11.6bn | −£12.3bn |
| Operating profit | £607m | £951m | £985m |
| Profit before tax | £717m | £1.2bn | £1.1bn |
| Profit after tax | £540m | £855m | £859m |
| Profit (best available) | £540m | £855m | £859m |
| Employees (average) | 84,682 | 97,565 | 103,849 |
| Ratios | |||
| Profit margin | 3.6% | 5.1% | 4.7% |
| Revenue per employee | £179k | £173k | £175k |
| Profit per employee | £6.4k | £8.8k | £8.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲12% | ▲7.3% |
| Profit growth | — | ▲58.3% | ▲0.5% |
| Headcount growth | — | ▲15.2% | ▲6.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 4.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £175k
- Revenue ÷ average employees.
- Profit per employee
- £8.3k
- 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
- ▲6%
- Now 103,849
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- British United Provident Association Limited(The)ultimate parent75–100%
- Bupa Finance PLC.this company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (16)
- The Oasis Healthcare Group LimitedRev. £570m · Profit £1.4m
- Bupa Care Homes (CFG) LimitedRev. £450m · Profit −£9.5m
- Ans 2003 LimitedFigures not disclosed
- Bridge Health Investments LimitedFigures not disclosed
- Bupa Care Homes (Holdings) LimitedFigures not disclosed
- Bupa Care Services LimitedFigures not disclosed
- Bupa Healthcare Services LimitedFigures not disclosed
- Bupa Home Healthcare Pension Scheme Trustee LimitedFigures not disclosed
- Bupa Insurance LimitedFigures not disclosed
- Bupa Insurance Services LimitedFigures not disclosed
- Bupa Investments LimitedFigures not disclosed
- Bupa Investments Overseas LimitedFigures not disclosed
- Bupa Pension Scheme Trustees LimitedFigures not disclosed
- Cromwell Health Group LimitedFigures not disclosed
- Cromwell Hospital Retirement Plan Trustee LimitedFigures not disclosed
- Richmond Care Villages Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £859m), from the Companies House accounts bulk data published Mar 2026. 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.