SMBC LEASING (UK) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -17.5%

  £24,151,936 → £19,916,948

• Cash

  -67.9%

  £193,913,208 → £62,271,615

• Net assets

  -2.1%

  £39,153,655 → £38,331,856

• Employees

  +10%

  30 → 33

• Operating profit

  -142.1%

  £10,979,243 → -£4,625,405

• Profit before tax

  -117.8%

  £14,482,409 → -£2,576,377

• Wages

  +3.7%

  £5,702,223 → £5,914,102

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. SMBC LEASING (UK) LIMITED 2001-09-07 → present
2. SB LEASING (UK) LIMITED 1997-01-15 → 2001-09-07
3. SB GENERAL LEASING (UK) LIMITED 1986-06-27 → 1997-01-15
4. HASBROOK LIMITED 1986-05-16 → 1986-06-27

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. Notwithstanding the loss made in the year the financial statements have been prepared on a going concern basis as no material source of uncertainty about the ability of the Company to meet its liabilities as they fall due for a period of not less than 12 months has been identified by the Directors.”

Group structure

1. SMBC LEASING (UK) LIMITED · parent
   1. Mithras Leasing (No.1) Ltd · England and Wales · Lease finance
   2. Mithras Rail Holdings Limited 50% · England and Wales · Lease finance
   3. Mithras Leasing (No.3) Limited 100% · England and Wales · Lease finance
   4. QW Rail Leasing Limited 50% · England and Wales · Lease finance
   5. SMBC Leasing & Finance UK No.1 Limited 100% · England and Wales · Lease finance
   6. Mithras Leasing (No.4) Limited 100% · England and Wales · Lease finance
   7. Madrid Leasing (2019) Limited 100% · England and Wales · Lease finance
   8. Leeloo No. 1 GmbH 100% · Germany · Lease finance

Significant events

• “In 2024 the Company benefited from profits generated from the restructuring and sale of 50% of the shares it held in Rail-related investments. This transaction generated a profit on sale of investments held of £4,258,476 and crystalised a portion of the related derivative assets that were on the balance sheet, which increased the cash reserves of the Company at 31 March 2024.”
• “In 2025 the cash reserves generated from the restructure and sale were used to repay borrowings reducing total borrowings from £409,977,633 at 31 March 2024 to £269,912,917 at 31 March 2025.”
• “In the prior year the company restructured the majority of its rail related investments by setting up a new entity, Mithras Rail Holdings Limited, and novating the associated loans receivable to this new entity. Following the restructure, on 14 March 2024, 50% of Mithras Rail Holdings was sold.”
• “The Frankfurt branch was closed on 20 December 2024 and the assets written down to nil.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.