Lloyds Banking Group PLC
Registered name: LLOYDS BANKING GROUP PLC
Lloyds Banking Group PLC made £35.4bn revenue and £5.5bn profit in the year to 31 Dec 2023.
Lloyds Banking Group PLC’s revenue was £35.4bn in the year to 31 Dec 2023, with £5.5bn profit and 62,569 employees. The company is classified under “activities of financial services holding companies” and is based in Edinburgh; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Edinburgh, Scotland
- Age
- 40 yrs · since 1985
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | −£5.3bn | £35.4bn |
| Operating profit | £4.8bn | £7.5bn |
| Profit before tax | £4.8bn | £7.5bn |
| Profit after tax | £3.9bn | £5.5bn |
| Profit (best available) | £3.9bn | £5.5bn |
| Employees (average) | — | 62,569 |
| Ratios | ||
| Profit margin | −73.4% | 15.6% |
| Revenue per employee | — | £566k |
| Profit per employee | — | £88.2k |
| Growth (year on year) | ||
| Profit growth | — | ▲40.7% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 |
How the business works
- Profit margin
- 15.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £566k
- Revenue ÷ average employees.
- Profit per employee
- £88.2k
- 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 62,569
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (3)
- Lloyds Bank PLCRev. £18.4bn · Profit £3.9bn
- LBG Equity Investments LimitedFigures not disclosed
- Scottish Widows Group LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit £5.5bn), from the Companies House accounts bulk data published Apr 2024. 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.