HSBC EQUIPMENT FINANCE (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-11 (in 3mo)
Last made up 2025-07-28
Watchouts
None on the register
Cash
£47M
+3,393.6% vs 2023
Net assets
£166M
+10.1% vs 2023
Employees
0
Average over period
Profit before tax
£91M
+25.3% 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 | £247,189,000 | £293,791,000 | |
| Operating profit | £72,387,000 | £90,695,000 | |
| Profit before tax | £72,387,000 | £90,695,000 | |
| Net profit | £54,083,000 | £67,300,000 | |
| Cash | £1,334,000 | £46,605,000 | |
| Total assets less current liabilities | £1,716,991,000 | £1,743,094,000 | |
| Net assets | £150,749,000 | £166,049,000 | |
| Equity | £150,749,000 | £166,049,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 | 29.3% | 30.9% | |
| Net margin | 21.9% | 22.9% | |
| Return on capital employed | 4.2% | 5.2% | |
| Gearing (liabilities / total assets) | 96.7% | 96.6% |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company had net current liabilities of £1,420,986k as at 31 December 2024. The parent undertaking, HSBC UK 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 EQUIPMENT FINANCE (UK) LIMITED · parent
- Assetfinance December (F) Limited 100%
- Assetfinance June (D) Limited 100%
- Assetfinance March (D) Limited 100%
- Assetfinance September (G) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MIAH, Ruzina | Secretary | 2026-04-02 | — | — |
| BALACHANDRAN, Sacha | Director | 2021-12-15 | Mar 1971 | British |
| OSBORNE, Matthew James | Director | 2023-01-01 | Oct 1974 | British |
| RAO, Jodi Emma, Ms. | Director | 2026-04-02 | Nov 1981 | British |
| RUS, Ramona, Ms. | Director | 2023-01-01 | Nov 1985 | Romanian |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYER, George William | Secretary | 2008-02-21 | 2008-09-12 |
| CANTY, Jennifer, Ms. | Secretary | 2019-11-06 | 2021-07-16 |
| DEAN, Katherine | Secretary | 2013-07-24 | 2016-01-26 |
| GENTLES, Jacqueline Marie | Secretary | 2021-09-27 | 2023-12-31 |
| GOTT, Sarah Caroline | Secretary | 2008-10-28 | 2010-09-24 |
| KENT, Christopher William Jackson | Secretary | 2024-01-01 | 2025-05-16 |
| MCKENZIE, John Hume | Secretary | 1992-05-06 | 2001-07-01 |
| MCQUILLAN, Pauline Louise | Secretary | 2006-04-25 | 2008-02-21 |
| MUSGROVE, Robert Hugh | Secretary | 2001-07-01 | 2002-11-15 |
| NIVEN, Frances Julie | Secretary | 2003-12-08 | 2006-04-25 |
| PEARCE, Mark Vivian | Secretary | 2002-11-15 | 2003-12-08 |
| RANGER, Molly | Secretary | 2018-02-28 | 2019-03-20 |
| TAYLOR, Leianne, Mrs. | Secretary | 2019-03-20 | 2019-10-18 |
| WILSON, Larissa | Secretary | 2016-01-26 | 2017-06-28 |
| WOOD, Hollie Rheanna | Secretary | 2010-09-24 | 2013-07-24 |
| YOUSSOUF, Lorna | Secretary | 2017-06-28 | 2018-02-28 |
| ADCOCK, John Kenneth | Director | 1992-07-01 | 1993-01-31 |
| BAKER, David William | Director | 1993-01-01 | 1998-11-13 |
| BOTTOMLEY, Stephen Andrew | Director | 2004-07-26 | 2007-07-19 |
| BOX, Steven Richard, Mr. | Director | 2010-12-08 | 2014-02-10 |
| BROOKES, Malcolm James | Director | 2003-12-19 | 2011-06-09 |
| BULFORD, Bryan | Director | 2015-05-26 | 2019-04-25 |
| CARNEY, Brian | Director | 1999-03-01 | 2002-12-30 |
| CARTER, Richard Andrew | Director | 2011-11-11 | 2015-06-30 |
| CARVER, Robert Francis | Director | 2012-05-22 | 2018-11-22 |
| COATES, Alexa Jane | Director | 2015-02-19 | 2017-08-03 |
| DAVIES, Richard | Director | 2014-10-29 | 2017-07-10 |
| DICKINSON, Joanne Marie | Director | 2024-01-01 | 2025-07-31 |
| EVANS, Geoffrey William | Director | — | 1998-03-16 |
| GILMAN, David William | Director | — | 2003-10-31 |
| HAMPTON, Nicholas David | Director | 2014-02-12 | 2014-11-04 |
| HARRIS, Christopher David | Director | 1995-03-01 | 1997-02-06 |
| HARRIS, Mark | Director | 2015-10-26 | 2022-12-31 |
| HEWITT, Gavin Paul | Director | 2011-08-11 | 2015-01-23 |
| HOLMES, Timothy Victor | Director | 2004-07-26 | 2005-12-31 |
| HOLMES, Timothy Victor | Director | 1997-02-06 | 2002-12-30 |
| KELL, Christopher Raymond | Director | 2002-12-30 | 2004-09-01 |
| LACEY, Gayle Helen, Ms. | Director | 2018-09-14 | 2020-03-17 |
| LANE, Robert David | Director | 2002-12-30 | 2004-09-01 |
| LEECH, Ian Robert | Director | 1993-12-15 | 1995-03-01 |
| LELONG, Richard | Director | 2014-06-23 | 2015-09-30 |
| LESTER, Edward Paul | Director | — | 1992-07-01 |
| LONG, Warwick Alan George | Director | 2012-11-13 | 2015-05-31 |
| MCELROY, Robert Ian | Director | 2017-05-08 | 2019-03-29 |
| NAIR, Sanjay Sankaran | Director | 2018-05-03 | 2021-08-31 |
| PICKEN, Graham Edward | Director | — | 2002-12-30 |
| QUINN, Noel Paul | Director | 2007-07-19 | 2011-03-31 |
| QUINN, Noel Paul | Director | 1997-02-06 | 2000-03-31 |
| RAO, Jodi Emma, Ms. | Director | 2019-11-11 | 2023-12-31 |
| RIGBY, Adrian Timothy | Director | 2009-06-09 | 2012-05-22 |
| ROTHBURY, Miles Edward | Director | 2019-11-25 | 2021-06-30 |
| ROYLE, James Peter | Director | 2019-07-30 | 2022-12-31 |
| RUSSELL-BROWN, Michael John | Director | 2006-01-01 | 2015-06-02 |
| SIMPSON, Stephen Walter | Director | 1995-03-01 | 1996-01-15 |
| SMITHSON, Keith Victor | Director | 1997-09-30 | 1999-07-30 |
| STEIN, Wallace George William | Director | 1992-07-01 | 2000-03-31 |
| SUBRAMANIAN, Nivedita | Director | 2015-10-26 | 2017-06-28 |
| TURNER, Will | Director | 2022-07-26 | 2024-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hsbc Uk Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-01 | Active |
| Hsbc Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-28 | Ceased 2018-07-01 |
| Hsbc Asset Finance Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Ceased 2018-02-28 |
| Hsbc Equipment Finance (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 1980-06-24 | Ceased 1980-06-24 |
Filing timeline
Last 20 of 276 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-04-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-29 | AA | accounts | Accounts with accounts type full | |
| 2024-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-07 | CH01 | officers | Change person director company with change date | |
| 2024-01-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
+18.9%
£247,189,000 £293,791,000
-
Cash
+3,393.6%
£1,334,000 £46,605,000
-
Net assets
+10.1%
£150,749,000 £166,049,000
-
Employees
—
Not reported
-
Operating profit
+25.3%
£72,387,000 £90,695,000
-
Profit before tax
+25.3%
£72,387,000 £90,695,000
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