HSBC UK BANK PLC
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Cash
—
Latest balance sheet
Net assets
£26M
-99.9% lowest in 3 filed years
Employees
19,841
-1% lowest in 3 filed years
Profit before tax
£5.6M
-0.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs 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 |
|---|---|---|---|---|---|
| Net interest income | — | £8,084,000 | £8,650,000 | +7% | |
| Fee & commission income | — | £1,308,000 | £1,286,000 | -1.7% | |
| Operating income | — | £9,525,000 | £10,038,000 | +5.4% | |
| Impairment losses | — | £315,000 | £539,000 | +71.1% | |
| Profit before tax | £6,679,000,000 | £5,647,000 | £5,619,000 | -0.5% | |
| Net profit | £5,254,000,000 | £4,134,000 | £4,097,000 | -0.9% | |
| Loans & advances to customers | — | £217,604,000 | £231,223,000 | +6.3% | |
| Customer deposits | — | £280,366,000 | £288,756,000 | +3% | |
| Total assets | £332,976,000,000 | — | £355,930,000 | — | |
| Total liabilities | — | £314,906,000 | £327,669,000 | +4.1% | |
| Equity | £26,070,000,000 | £25,911,000 | £26,261,000 | +1.4% | |
| Average employees | 20,415 | 20,034 | 19,841 | -1% |
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 | 61.8% | 56.6% | — | |
| Net margin | 48.6% | 0.0% | — | |
| Gearing (liabilities / total assets) | 92.2% | — | — | |
| Interest cover | 6.45x | 5.45x | — |
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.
Name history
Renamed 2 times since incorporation
- HSBC UK BANK PLC 2017-08-21 → present
- HSBC UK RFB PLC 2017-08-08 → 2017-08-21
- HSBC UK RFB LIMITED 2015-12-23 → 2017-08-08
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the group has adequate resources to continue operations for a period of at least 12 months from the date of this report, and it is, therefore, continues to adopt the going concern basis in preparing the financial statements.”
Group structure
- HSBC UK BANK PLC · parent
- HSBC Equipment Finance (UK) Limited 100%
- Marks and Spencer Financial Services plc 100%
- HSBC Invoice Finance (UK) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACKAY, Fiona Mary | Secretary | 2024-10-01 | — | — |
| AFOLAMI, Abimbola Olubunmi Edet | Director | 2025-01-09 | Feb 1986 | British |
| BINGHAM, Jonathan | Director | 2026-04-08 | Jan 1975 | British |
| CALVER, Simon John | Director | 2023-04-01 | Jul 1964 | British |
| CORBETT, Oliver Roebling Panton | Director | 2024-01-01 | Jan 1965 | British |
| DITTMEIER, Carolyn Adele | Director | 2024-10-01 | Nov 1956 | Italian |
| FAIRBAIRN, Dame Carolyn Julie | Director | 2026-04-13 | Dec 1960 | British |
| GOLDIE-SCOT, Jenny Fiona | Director | 2022-07-19 | Nov 1955 | British |
| HEGDE, Mridul, Ms. | Director | 2018-02-07 | Mar 1967 | British |
| HENRY, Janet Bernadette | Director | 2022-11-01 | Feb 1969 | British |
| KNIGHT, Zoe Andrea | Director | 2024-01-01 | Oct 1974 | British |
| LINDBERG, David Robert | Director | 2025-12-08 | Mar 1975 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLACK, Nicola Suzanne | Secretary | 2017-05-30 | 2024-09-30 |
| MUSGROVE, Robert Hugh | Secretary | 2015-12-23 | 2016-03-23 |
| BAIRD, Marie Claire | Director | 2022-01-06 | 2026-03-27 |
| CALLADINE, Jonathan James | Director | 2017-10-02 | 2021-05-26 |
| COYLE, James | Director | 2018-05-01 | 2024-07-31 |
| FURSE, Clara Hedwig Frances, Dame | Director | 2017-04-01 | 2026-04-30 |
| HENNITY, Richard John | Director | 2015-12-23 | 2017-09-19 |
| HOLT, Denise Mary, Dame | Director | 2018-05-01 | 2021-04-20 |
| KEIR, Alan Mcalpine | Director | 2018-02-01 | 2021-12-31 |
| LEITH, Rosemary Blaire | Director | 2018-02-01 | 2022-02-16 |
| LISTER, David William | Director | 2018-05-01 | 2024-04-24 |
| MUSGROVE, Robert Hugh | Director | 2015-12-23 | 2016-03-23 |
| NELSON, Brendan Robert | Director | 2025-01-09 | 2026-04-29 |
| PLATONOVA, Ekaterina | Director | 2022-10-19 | 2023-04-17 |
| STUART, John David | Director | 2017-05-30 | 2026-01-12 |
| VAN DE WALLE, Philippe Leslie | Director | 2018-02-01 | 2023-04-26 |
| WATTS, David Michael, Mr. | Director | 2017-10-02 | 2021-12-14 |
| WOTTON, Stephen James | Director | 2016-03-23 | 2017-09-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hsbc Holdings Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-06-21 | Active |
| Hsbc Uk Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-21 | Ceased 2021-06-21 |
| Hsbc Holdings Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Ceased 2017-03-21 |
Filing timeline
Last 20 of 134 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-14 | AA | accounts | Accounts with accounts type group | |
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-23 | MORT MISC | mortgage | Mortgage miscellaneous | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-30 | MORT MISC | mortgage | Mortgage miscellaneous | |
| 2025-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type group | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-12 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-12-12 | CERT17 | capital | Certificate capital reduction issued capital share premium cancellation share premiumn | |
| 2024-12-12 | OC138 | capital | Legacy | |
| 2024-11-18 | SH01 | capital | Capital allotment shares | |
| 2024-10-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 4
- Officers appointed
- 3
- Officers resigned
- 4
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.