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Company No. 09928412 · Incorporated 23 Dec 2015

HSBC UK Bank PLC

Registered name: HSBC UK BANK PLC

Part of HSBC Holdings PLC group

HSBC UK Bank PLC made £10.5bn revenue and £4.1bn profit in the year to 31 Dec 2025.

HSBC UK Bank PLC’s revenue grew 5% to £10.5bn in the year to 31 Dec 2025, with £4.1bn profit and 19,841 employees. The company is classified under “banks” and is based in Birmingham; we hold 3 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64191Banks
Status
Active
Location
Birmingham, West Midlands
Age
10 yrs · since 2015
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.

Latest accounts · year to 31 Dec 2025

Key figures

Doing more with less
Revenue
£10.5bn
Growth ▲4.9%
Profit
£4.1bn
Growth ▼0.9%
Profit margin
39.2%
 
Employees
19,841
Change ▼1%
Profit / employee
£207k
Revenue/employee £528k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£10.8bn£10bn£10.5bn
Operating profit£6.7bn£5.6bn£5.6bn
Profit before tax£6.7bn£5.6bn£5.6bn
Profit after tax£5.3bn£4.1bn£4.1bn
Profit (best available)£5.3bn£4.1bn£4.1bn
Employees (average)20,41520,03419,841
Ratios
Profit margin48.6%41.5%39.2%
Revenue per employee£529k£498k£528k
Profit per employee£257k£207k£207k
Growth (year on year)
Revenue growth—▼7.7%▲4.9%
Profit growth—▼21.2%▼0.9%
Headcount growth—▼1.9%▼1%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data May 2025Accounts · bulk data May 2025Accounts · bulk data May 2026
Derived from the latest filing

How the business works

Profit margin
39.2%
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£528k
Revenue ÷ average employees.
Profit per employee
£207k
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.
Indirect — not revenue

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
▼1%
Now 19,841
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. HSBC Holdings PLCultimate parent75–100%
  2. HSBC UK Bank PLCthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (15)

Sister companies (23)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £4.1bn), from the Companies House accounts bulk data published May 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.