HSBC ASSET FINANCE (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-18 (in 1y)
Last made up 2026-05-04
Watchouts
None on the register
Cash
£9M
+2,956.4% vs 2023
Net assets
£53M
+3.7% vs 2023
Employees
0
Average over period
Profit before tax
£8M
+1,378.2% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £5,515,000 | £7,706,000 | |
| Operating profit | £514,000 | £7,598,000 | |
| Profit before tax | £514,000 | £7,598,000 | |
| Net profit | £202,000 | £5,699,000 | |
| Cash | £296,000 | £9,047,000 | |
| Total assets less current liabilities | £50,962,000 | £52,861,000 | |
| Net assets | £50,962,000 | £52,861,000 | |
| Equity | £50,962,000 | £52,861,000 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 9.3% | 98.6% | |
| Net margin | 3.7% | 74.0% | |
| Return on capital employed | 1.0% | 14.4% | |
| Gearing (liabilities / total assets) | 66.7% | 39.4% | |
| Current ratio | 1.28x | 1.87x | |
| Interest cover | 0.11x | 2.04x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company had total net current liabilities of £7,535k as at 31 December 2024 (2023: £24,916k). The immediate parent undertaking, HSBC Bank plc, will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due for a period of not less than 12 months from the date of signing the financial statements.”
Group structure
- HSBC ASSET FINANCE (UK) LIMITED · parent
- Assetfinance December (H) Limited 100%
- Assetfinance December (R) Limited 100%
- Assetfinance June (A) Limited 100%
- Assetfinance March (B) Limited 100%
- Assetfinance March (F) Limited 100%
- Assetfinance September (F) Limited 100%
- South Yorkshire Light Rail Limited 100%
Significant events
- “The Company started process of winding up one of its subsidiaries, South Yorkshire Light Rail Limited, in January 2025. No other significant events affecting the Company have occurred since the end of the financial year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HSBC CORPORATE SECRETARY (UK) LIMITED | Corporate Secretary | 2022-06-30 | — | — |
| CROWLEY, Victoria Kathleen | Director | 2022-07-29 | Jun 1972 | British |
| KHELIL, Karim | Director | 2026-01-01 | Feb 1970 | British |
| UWAKWE, Okechukwu | Director | 2017-09-12 | Jun 1969 | Irish |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYER, George William | Secretary | 2008-02-11 | 2008-09-12 |
| CAULFIELD, Charlotte | Secretary | 2016-03-15 | 2016-09-13 |
| DEAN, Katherine | Secretary | 2013-06-26 | 2016-02-29 |
| GOTT, Sarah Caroline | Secretary | 2008-10-01 | 2010-03-30 |
| HALL, Lori Lee, Ms. | Secretary | 2020-10-01 | 2022-02-21 |
| HUGHES, James Richard, Mr. | Secretary | 2019-08-15 | 2020-09-30 |
| LEWIS, Romana | Secretary | 2016-09-13 | 2017-12-01 |
| MCKENZIE, John Hume | Secretary | 1992-05-06 | 2001-07-01 |
| MCQUILLAN, Pauline Louise | Secretary | 2006-04-25 | 2008-02-11 |
| MUSGROVE, Robert Hugh | Secretary | 2001-07-01 | 2002-11-15 |
| NIVEN, Frances Julie | Secretary | 2004-06-11 | 2006-04-25 |
| PEARCE, Mark Vivian | Secretary | 2002-11-15 | 2004-06-11 |
| RANGER, Molly | Secretary | 2018-02-28 | 2019-08-15 |
| SHEPHERD, Hannah Elizabeth | Secretary | 2010-03-30 | 2011-09-28 |
| WOOD, Hollie Rheanna | Secretary | 2011-09-28 | 2013-06-26 |
| ANDERSON, Michael Connelly | Director | 2015-12-16 | 2017-03-22 |
| BAKER, David William | Director | 1998-01-01 | 1999-12-17 |
| BARKER, Nicholas David | Director | 2009-04-06 | 2011-09-09 |
| BENCARD, Robin Louis Henning | Director | 2004-09-06 | 2016-08-01 |
| BOTTOMLEY, Stephen Andrew | Director | 2004-07-26 | 2007-07-19 |
| BOTTOMLEY, Stephen Andrew | Director | 1999-04-01 | 2002-12-30 |
| BOX, Steven Richard, Mr. | Director | 2010-12-08 | 2012-12-12 |
| BROOKES, Malcolm James | Director | 2003-12-19 | 2011-06-09 |
| CARVER, Robert Francis | Director | 2012-05-22 | 2018-06-20 |
| CAVANNA, David John | Director | 2015-10-26 | 2015-12-31 |
| DALTON, William Robert Patrick | Director | 1998-04-01 | 2001-07-13 |
| DAVIES, Richard | Director | 2014-10-29 | 2015-11-03 |
| GILMAN, David William | Director | — | 2003-10-31 |
| GODFREY, Kevin Joseph | Director | 2003-10-31 | 2009-04-06 |
| HARRIS, Mark | Director | 2015-10-26 | 2018-06-20 |
| HEWITT, Gavin Paul | Director | 2011-09-28 | 2015-01-23 |
| HOLMES, Timothy Victor | Director | 2004-07-26 | 2005-12-31 |
| HUGHES, Alan Renatus Frederick | Director | 1997-04-01 | 2000-01-31 |
| IRVIN, Crispin Robert John | Director | 2017-03-22 | 2022-07-28 |
| KEIR, Alan Mcalpine | Director | 2003-10-31 | 2008-02-14 |
| KELL, Christopher Raymond | Director | 2002-12-30 | 2003-10-31 |
| KENNY, Mary Bridget | Director | 2007-06-29 | 2010-06-17 |
| KENT, John Richard | Director | 2012-12-06 | 2017-05-31 |
| LANE, Robert David | Director | 2002-12-30 | 2003-10-31 |
| LAWN, Gregory Martin, Mr. | Director | 2020-11-30 | 2022-05-13 |
| LELONG, Richard | Director | 2015-06-24 | 2015-09-30 |
| LONG, Simon Einar | Director | 2016-03-15 | 2020-10-01 |
| LONG, Warwick Alan George | Director | 2012-09-26 | 2015-05-31 |
| MEAD, David Harry | Director | 2003-10-31 | 2007-06-29 |
| OWEN CONWAY, Gareth | Director | 2005-03-14 | 2019-12-06 |
| PICKEN, Graham Edward | Director | — | 2003-07-14 |
| QUINN, Noel Paul | Director | 2007-07-19 | 2011-03-31 |
| RIGBY, Adrian Timothy | Director | 2009-09-10 | 2012-05-22 |
| RUSSELL-BROWN, Michael John | Director | 2006-01-01 | 2015-06-02 |
| SENIOR, Carl Thomas | Director | 2011-12-21 | 2012-06-19 |
| SINGLETON, Kevin Alan, Dr | Director | 2007-02-12 | 2011-11-30 |
| STEIN, Wallace George William | Director | 1993-05-14 | 2000-03-31 |
| SUBRAMANIYAN, Jaya | Director | 2015-10-26 | 2020-12-01 |
| TANG, Rex Man-Hin | Director | 2022-07-29 | 2025-12-31 |
| TURNER, Desmond Richard | Director | 2004-07-26 | 2013-06-20 |
| WHITSON, Keith Roderick, Sir | Director | 1997-04-01 | 1998-03-31 |
| WILKINSON, Nigel John Lewis | Director | 2004-07-26 | 2005-03-14 |
| WYATT, Robert Laurence | Director | — | 1993-05-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hsbc Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-28 | Active |
| Hsbc Asset Finance Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Ceased 2018-02-28 |
Filing timeline
Last 20 of 300 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-21 | CH01 | officers | Change person director company with change date | |
| 2024-08-06 | AA | accounts | Accounts with accounts type full | |
| 2024-06-12 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2022-05-17 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-11-26 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+39.7%
£5,515,000 £7,706,000
-
Cash
+2,956.4%
£296,000 £9,047,000
-
Net assets
+3.7%
£50,962,000 £52,861,000
-
Employees
—
Not reported
-
Operating profit
+1,378.2%
£514,000 £7,598,000
-
Profit before tax
+1,378.2%
£514,000 £7,598,000
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