CLOSE BROTHERS LIMITED
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Cash
£1.9bn
+21% vs 2024
Net assets
£1.6bn
-7% vs 2024
Employees
2,743
-3.9% vs 2024
Profit before tax
-£68m
-138% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-07-31
| Metric | Trend | 2024-07-31 | 2025-07-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £724,900,000 | £671,200,000 | -7.4% | |
| Operating profit | — | — | — | |
| Profit before tax | £178,000,000 | -£67,600,000 | -138% | |
| Net profit | £130,400,000 | -£85,300,000 | -165.4% | |
| Cash | £1,584,000,000 | £1,917,000,000 | +21% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £1,695,100,000 | £1,576,800,000 | -7% | |
| Equity | £1,695,100,000 | £1,576,800,000 | -7% | |
| Average employees | 2,855 | 2,743 | -3.9% | |
| Wages | £190,500,000 | £180,200,000 | -5.4% | |
| Directors' remuneration | £740,643 | — | — | |
| Directors' pension contributions | £0 | £0 | — | |
| Highest paid director | £742,700 | £429,405 | -42.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-07-31 | 2025-07-31 |
|---|---|---|---|
| Net margin | 18.0% | -12.7% | |
| Gearing (liabilities / total assets) | 87.0% | 88.0% |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed whether they consider it appropriate that the company and the group adopt the going concern basis of accounting in preparing the financial statements. For the purposes of going concern, the Directors have reviewed the group’s strategic plan for a period of 15 months (12 months from the date of approval of the financial statements, which is in line with the assessment period (15 months) reviewed as part of the 2024 going concern assessment and is in line with IFRS 1 and UK Corporate Governance Code requirements of at least 12 months. This approach allows remedial action to be implemented at the appropriate time to minimise potential loss and support good and fair customer outcomes.”
Group structure
- CLOSE BROTHERS LIMITED · parent
- Close Brothers Asset Finance plc
- Close Brothers Motor Finance Payments Limited
- Close Finance (CI) Limited
Significant events
- “On 1 August 2025, the Supreme Court published its judgment with respect to the "Hopcraft", "Johnson" and "Wrench" cases in relation to motor commissions.”
- “On 25 October 2024, the Court of Appeal published its judgment in respect of Hopcraft v Close Brothers Credit (CBL).”
- “On 15 July 2025 the Group announced the sale of Close Brewery Rentals Limited ("CBRL") to MML Keystone, a fund managed by MML Capital.”
- “The resolution of Novitas legacy issue was concluded with Novitas and the overall risk profile of the business was no longer compatible with our long-term strategy and risk appetite.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 55 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRILL, Tiffany | Secretary | 2025-01-23 | — | — |
| BIGGS, Michael Nicholas | Director | 2017-03-14 | Aug 1952 | British |
| GRAHAM, Tracey | Director | 2022-03-22 | Jul 1965 | British |
| HALE, Kari Antony | Director | 2023-06-28 | Oct 1964 | British |
| HALLIDAY, Patricia Marie | Director | 2021-08-01 | Sep 1966 | British |
| MCCARTHY, Fiona Louise | Director | 2025-08-29 | Jul 1970 | British |
| MOHINDRA, Tesula | Director | 2021-07-15 | Nov 1966 | British |
| MORGAN, Michael Bartlett | Director | 2010-11-01 | Nov 1965 | British |
| PAIN, Mark Andrew | Director | 2021-01-01 | Jun 1961 | British |
| WILLIAMS, Sally Angela Helen | Director | 2020-01-01 | Jul 1966 | British |
Show 55 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CANSICK, Terence David | Secretary | — | 1995-03-23 |
| HUDSPITH, John | Secretary | 2013-01-18 | 2021-07-09 |
| LEE, Elizabeth Anne | Secretary | 2009-10-30 | 2013-01-18 |
| PEAZER-DAVIES, Sarah Kimberley | Secretary | 2024-01-25 | 2025-01-23 |
| SELLERS, Robin David | Secretary | 2008-11-28 | 2009-10-30 |
| SELLERS, Robin David | Secretary | 1995-03-23 | 1996-08-01 |
| THORPE, Helen Mary | Secretary | 2021-07-12 | 2024-01-25 |
| WATSON, Simon Donald | Secretary | 1996-08-01 | 2008-11-28 |
| ASHTON, Hubert Gaitskell | Director | — | 1995-11-03 |
| BARLEY, Michael James | Director | 2000-09-15 | 2010-04-01 |
| BISHOP, Sharon Patricia | Director | 2010-07-27 | 2017-03-13 |
| BLAND, Leslie Martin | Director | — | 2004-07-31 |
| CANNOCK, Victor Lancelot | Director | — | 1996-07-31 |
| CANSICK, Terence David | Director | — | 1999-11-03 |
| CORBETT, Oliver Roebling Panton | Director | 2017-03-13 | 2023-11-16 |
| DACK, Martin Ian | Director | 1996-06-11 | 2008-04-01 |
| DUFFY, Peter Bernard | Director | 2019-01-01 | 2024-02-15 |
| DURRELL, Mary Mcnamara | Director | 2010-04-28 | 2013-07-31 |
| GOLDEN, Robert Charles | Director | 1999-11-25 | 2016-10-31 |
| HARDISTY, David Garfield | Director | — | 2003-07-31 |
| HEATH, James Benjamin | Director | 2008-09-26 | 2010-07-13 |
| HODGES, Stephen Richard | Director | — | 2016-11-17 |
| HOOK, Malcolm Paul | Director | 2010-07-16 | 2017-03-13 |
| HOWE, Geoffrey Michael Thomas | Director | 2017-03-13 | 2020-11-19 |
| HOWELL, Jonathan Anton George | Director | 2009-04-29 | 2018-11-15 |
| JONES, Margaret Lesley | Director | 2017-03-13 | 2022-11-17 |
| KELLY, John Anthony Brian | Director | — | 1995-10-31 |
| KENT, Roderick David | Director | — | 2002-10-31 |
| KEOGH, Colin Denis | Director | 2002-06-05 | 2009-04-01 |
| KEOGH, Colin Denis | Director | — | 1995-10-31 |
| LEE, Elizabeth Anne | Director | 2017-03-13 | 2019-07-31 |
| LEWIS, John | Director | — | 2000-07-31 |
| LLOYD, Humphrey Alexander | Director | — | 1995-10-31 |
| MACASKILL, Bridget Ann | Director | 2017-03-13 | 2022-11-17 |
| MACPHERSON, Philip Strone Stewart | Director | 2016-11-17 | 2017-04-30 |
| MOTTERSHEAD, Nigel Anthony | Director | 2008-09-26 | 2009-08-24 |
| MOUNTAIN, Ronald | Director | 1993-09-15 | 2005-01-31 |
| NORMAN, Rodney Hugh | Director | 2000-02-01 | 2007-02-09 |
| ORKIN, Martin Henry | Director | 1998-08-01 | 2010-01-08 |
| PENNAL, Francis David | Director | 2008-09-26 | 2017-03-13 |
| PREBENSEN, Preben | Director | 2009-04-01 | 2020-09-21 |
| PUSINELLI, David Charles | Director | — | 1995-10-31 |
| REEVE, Patrick Harold | Director | 1993-08-09 | 1994-08-30 |
| ROBINSON, Stephen Roger | Director | 1994-08-10 | 2000-05-31 |
| SAINSBURY, Adrian John | Director | 2013-08-15 | 2025-01-06 |
| SELLERS, Robin David | Director | 1995-03-23 | 1996-08-01 |
| STONE, Peter John | Director | — | 1998-07-31 |
| STONE, Roger Harold | Director | 2008-09-26 | 2009-08-24 |
| THOMSON, David Peter | Director | 2008-09-26 | 2009-08-24 |
| THORNTON, Jonathan George Trevelyan | Director | — | 1998-08-31 |
| WILLES, Simon Charles | Director | 1994-12-12 | 1995-10-31 |
| WILLIAMSON, Peter Norman | Director | — | 1996-06-11 |
| WILSON, Janet Clark | Director | 2008-09-26 | 2009-08-24 |
| WINKWORTH, Peter Leslie | Director | — | 2007-07-31 |
| WINTERFLOOD, Brian Martin | Director | 1993-04-29 | 1995-11-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Close Brothers Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-14 | Active |
Filing timeline
Last 20 of 295 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-21 RESOLUTIONS Resolution
- 2026-03-19 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-21 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-19 | MA | incorporation | Memorandum articles | |
| 2025-12-20 | AA | accounts | Accounts with accounts type group | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-04 | MORT MISC | mortgage | Mortgage miscellaneous | |
| 2025-01-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-01-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-09 | AA | accounts | Accounts with accounts type group | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-20 | AA | accounts | Accounts with accounts type group | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-24 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.