LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY
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Cash
£53m
-25.4% vs 2024
Net assets
£80m
-23.8% lowest in 3 filed years
Employees
356
-4.6% lowest in 3 filed years
Profit before tax
£105m
-19.2% lowest in 3 filed years
Watch the reel
Our short-form breakdown of LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY's latest filing
Lombard posts a £605m top line, but as a NatWest subsidiary, the rest of the P&L stays hidden. 🏦
Net assets
3-year trend · vs Financials median
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY·Financials median
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY·Financials median
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY·Financials median
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY·Financials median
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY·Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £557,000,000 | £624,000,000 | £605,000,000 | -3% | |
| Operating profit | £370,000,000 | £426,000,000 | £461,000,000 | +8.2% | |
| Profit before tax | £219,000,000 | £130,000,000 | £105,000,000 | -19.2% | |
| Net profit | £178,000,000 | £100,000,000 | £75,000,000 | -25% | |
| Cash | £41,000,000 | £71,000,000 | £53,000,000 | -25.4% | |
| Total assets less current liabilities | £3,576,000,000 | £3,278,000,000 | £3,361,000,000 | +2.5% | |
| Net assets | £182,000,000 | £105,000,000 | £80,000,000 | -23.8% | |
| Equity | £182,000,000 | £105,000,000 | £80,000,000 | -23.8% | |
| Average employees | 379 | 373 | 356 | -4.6% | |
| Wages | £29,000,000 | £29,000,000 | £26,000,000 | -10.3% | |
| Directors' remuneration | — | — | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 66.4% | 68.3% | 76.2% | |
| Net margin | 32.0% | 16.0% | 12.4% | |
| Return on capital employed | 10.3% | 13.0% | 13.7% | |
| Gearing (liabilities / total assets) | 98.4% | 99.1% | 99.3% | |
| Current ratio | 0.91x | 0.87x | 0.90x | |
| Interest cover | 1.01x | 0.90x | 1.04x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of twelve months from when the financial statements are authorised for issue.”
Group structure
- LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY · parent
- Caledonian Sleepers Rail Leasing Limited 100%
- Jaguar Cars Finance Limited 50.1%
- JCB Finance Limited 75%
- JCB, Finance Pension Limited 50%
- Lombard Business Leasing Limited 100%
- Lombard Discount Limited 100%
- Lombard Finance Limited 100%
- Lombard Ireland Group Holdings Unlimited Company 100%
- Lombard Leasing Contracts Limited 100%
- Lombard Lessors Limited 100%
- Lombard Maritime Limited 100%
- Lombard North Central Leasing Limited 100%
- Lombard Property Facilities Limited 100%
- Lombard & Ulster Limited 100%
- Lombard Technology Services Limited 100%
- Royal Bank Leasing Limited 100%
- Royscot Trust plc 100%
Significant events
- “A dividend of £100 million was paid on 24 December 2025 (2024: £177 million).”
- “On 19 December 2025 a decision was made to pay an interim dividend to the Company's sole shareholder.”
- “PricewaterhouseCoopers LLP ("PwC") was appointed as auditor at the NatWest Group plc Annual General Meeting in April 2026 and is appointed as NatWest Group's auditor for the financial period ending 31 December 2026. Ernst & Young LLP is currently undertaking the audit of the Company for 2025, which will be EY's last period of audit.”
- “One of the Company's subsidiary undertakings, Jaguar Cars Finance Limited was dissolved on 24th Feb 2026 with no profit or loss arising upon dissolution.”
- “Lombard North Central plc recognised a provision of £22 million (2024: £nil) in relation to the potential impact of motor finance commission arrangements, following the Financial Conduct Authority's (FCA) announcement in October 2025 of its intention to implement a redress scheme.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 75 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NATWEST GROUP SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2013-11-20 | — | — |
| EDWARDS, Paul Andrew | Director | 2024-09-19 | Apr 1975 | British |
| GRAY, Andrew Stephen, Mr. | Director | 2023-10-03 | Mar 1968 | British |
| ROMERO RAMIREZ, Carolina | Director | 2025-02-03 | Jul 1987 | Mexican |
Show 75 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASHWORTH, Mark Heddle | Secretary | 1998-05-08 | 1999-02-19 |
| EVANS, Margaret Janet | Secretary | — | 1998-05-08 |
| LEWIS, Derek John | Secretary | 1999-02-19 | 2008-06-30 |
| MACARTHUR, Neil Clark | Secretary | 2008-08-01 | 2010-09-16 |
| NICHOLSON, Andrew James | Secretary | 2011-10-14 | 2013-11-20 |
| WALLACE, Barbara Charlotte | Secretary | 2010-09-16 | 2011-10-14 |
| ALLEN, Peter Richard | Director | 2000-11-24 | 2003-11-21 |
| BALDOCK, Alexander David | Director | 2008-08-08 | 2012-08-31 |
| BARNARD, Andrew David | Director | 2010-02-01 | 2015-07-31 |
| BEESTON, Alistair John | Director | 1991-12-01 | 1998-10-31 |
| BIDDLE, Paul Richard | Director | 1999-02-22 | 1999-10-31 |
| BOSTOCK, Nathan Mark | Director | 2001-10-01 | 2001-10-25 |
| BRIAN, Michael | Director | 1994-07-06 | 1999-01-01 |
| BRODIE, Robert Duncan | Director | 2000-10-01 | 2004-02-29 |
| BROWN, Howard Roger | Director | 1998-02-05 | 2000-04-28 |
| BURNSIDE, Howard James | Director | 2003-01-30 | 2004-10-29 |
| CAMERON, John Alastair Nigel | Director | 2000-07-01 | 2004-10-20 |
| CARTE, Brian Addison | Director | — | 1997-10-09 |
| CHILD, Denis Marsden | Director | — | 1996-06-05 |
| CLEMETT, Graham Colin | Director | 2002-09-02 | 2007-06-15 |
| CLIBBENS, Nigel Timothy John | Director | 2002-05-16 | 2015-02-27 |
| COLEMAN, Nicholas Charles | Director | 2000-07-01 | 2000-11-24 |
| COWIE, Ian Duncan | Director | 2015-02-27 | 2016-10-31 |
| COWIE, Ian Duncan | Director | 2007-01-09 | 2013-06-07 |
| CROME, Trevor Douglas | Director | 2015-02-27 | 2016-06-30 |
| CROTTY, Richard George | Director | — | 1993-06-30 |
| DICKINSON, Alan Peter | Director | 2004-06-21 | 2010-06-09 |
| FINNERTY, Colin William | Director | — | 1995-03-31 |
| FITCH, John Derek | Director | 1991-06-03 | 1996-09-30 |
| FLEMINGTON, Roger | Director | — | 1994-09-13 |
| FLINT, Eion Arthur Mcmorran | Director | 2000-10-01 | 2004-12-01 |
| FORNI, Anthony Luigi | Director | 1995-10-01 | 1999-01-01 |
| GADSBY, Andrew Paul | Director | 2013-05-31 | 2015-05-11 |
| GRAY, Martin Hamish Vincent | Director | 1997-03-13 | 1999-10-31 |
| GREEN, Christopher William | Director | 2018-10-11 | 2019-10-04 |
| HALL, David Ian | Director | 2001-03-16 | 2002-12-31 |
| HART, Andrew Stuart | Director | 2010-09-16 | 2013-05-31 |
| HEMSLEY, Richard Andrew | Director | 2013-09-02 | 2015-01-02 |
| HIGGINS, Peter | Director | 1999-06-04 | 2000-03-31 |
| HOLDEN, Adam | Director | 2015-05-11 | 2016-07-01 |
| HORN, Bernard Philip | Director | 1992-03-03 | 1997-03-18 |
| ISAAC, Ian John | Director | 2015-02-27 | 2024-09-30 |
| JOHNSON, Jeffrey | Director | 1995-01-01 | 1999-11-08 |
| JONES, Samuel Robert | Director | 1993-08-04 | 1995-09-19 |
| KAPUR, Neeraj | Director | 2009-09-16 | 2010-02-01 |
| KELLETT, Brian Smith, Sir | Director | — | 1994-01-30 |
| KNOWLES, Christopher George | Director | 2000-07-01 | 2004-02-29 |
| LEAHY, Gerald Whieldon | Director | 1994-09-07 | 1997-10-24 |
| LEGG, Robin Stewart | Director | 1996-04-01 | 1999-02-24 |
| LYNAM, Paul Anthony | Director | 2004-10-06 | 2008-08-08 |
| MABERLY, Michael Alan | Director | — | 1994-12-31 |
| MACDONALD, James Thomas | Director | 2003-01-28 | 2004-02-29 |
| MAPPLEBECK, John Richard | Director | 1996-04-01 | 2000-06-30 |
| MARROW, Paul | Director | 2004-05-27 | 2006-09-30 |
| MARSHALL FOSTER, Wenche | Director | 1997-02-01 | 1997-10-31 |
| MEAD, Paul Richard | Director | 1992-09-02 | 1993-10-18 |
| MELBOURN, John William | Director | 1996-04-03 | 1997-10-31 |
| MORGAN, John Michael | Director | — | 1996-09-30 |
| OWENS, Gareth Mervyn | Director | 1998-01-01 | 1999-06-30 |
| PARRY, Alan David | Director | 2018-10-11 | 2019-10-04 |
| PATTARA, Joseph Alexander | Director | 2017-03-16 | 2019-10-04 |
| PEARCE, Nigel | Director | 1999-06-04 | 2004-12-17 |
| POWELL, Martin Edward | Director | 1998-07-31 | 1999-05-28 |
| PRIESTMAN, Richard Mark | Director | 2006-10-20 | 2010-06-25 |
| PURDY, John Douglas | Director | — | 1996-12-31 |
| ROOME, Harry Mccrea | Director | 1996-10-01 | 1999-03-19 |
| SHAW, Hugh Anthony | Director | 1999-02-15 | 2000-04-30 |
| STEDALL, Robert Henry | Director | 1992-01-01 | 1996-07-31 |
| SULLIVAN, Christopher Paul | Director | 1999-11-01 | 2004-08-02 |
| THWAITE, John Paul | Director | 2019-10-04 | 2023-10-03 |
| WHALEN, Geoffrey Henry, Sir | Director | 1995-01-01 | 1997-10-28 |
| WOOD, John Hamer | Director | 2016-08-08 | 2017-06-30 |
| WOODHOUSE, John Graham | Director | — | 1996-08-31 |
| WORKMAN, John Donald Black | Director | 2002-11-05 | 2004-10-29 |
| YOUNG, Ronald James | Director | — | 1995-07-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Westminster Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2017-01-01 | Active |
Filing timeline
Last 20 of 437 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.