CLOSE BROTHERS 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

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.

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

1. CLOSE BROTHERS LIMITED · parent
   1. Close Brothers Asset Finance plc · Ireland
   2. Close Brothers Motor Finance Payments Limited · Ireland
   3. Close Finance (CI) Limited · Jersey

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -7.4%

  £724,900,000 → £671,200,000

• Cash

  +21%

  £1,584,000,000 → £1,917,000,000

• Net assets

  -7%

  £1,695,100,000 → £1,576,800,000

• Employees

  -3.9%

  2,855 → 2,743

• Profit before tax

  -138%

  £178,000,000 → -£67,600,000

• Wages

  -5.4%

  £190,500,000 → £180,200,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers