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Company No. SC218813 · Incorporated 3 May 2001

Hbos PLC

Registered name: HBOS PLC

Part of Lloyds Banking Group PLC group

Hbos PLC made £5.6bn revenue and £1.5bn profit in the year to 31 Dec 2025.

Hbos PLC’s revenue grew 25% to £5.6bn in the year to 31 Dec 2025, with £1.5bn profit. The company is classified under “activities of financial services holding companies”; we hold 3 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64205Activities of financial services holding companies
Status
Active
Location
Scotland
Age
25 yrs · since 2001
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

Operating leverage
Revenue
£5.6bn
Growth ▲25%
Profit
£1.5bn
Growth ▲73.5%
Profit margin
26.2%
 
Employees
—
Change —
Profit / employee
—
 
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)£3.6bn£4.5bn£5.6bn
Operating profit£691m£1.1bn£1.9bn
Profit before tax£691m£1.1bn£1.9bn
Profit after tax£644m£853m£1.5bn
Profit (best available)£644m£853m£1.5bn
Employees (average)———
Ratios
Profit margin17.7%18.9%26.2%
Growth (year on year)
Revenue growth—▲24%▲25%
Profit growth—▲32.5%▲73.5%
Balance sheet — indirect signals, not revenue
Net assets———
SourceAccounts · bulk data Apr 2025Accounts · bulk data Apr 2025Accounts · bulk data Mar 2026
Derived from the latest filing

How the business works

Profit margin
26.2%
Profit ÷ revenue.
Gross margin
—
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.
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
—
Now —
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Lloyds Banking Group PLCultimate parent75–100%
  2. Lloyds Bank PLC75–100%
  3. Hbos PLCthis company

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

Subsidiaries (2)

Sister companies (31)

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 £1.5bn), 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.