MARKS AND SPENCER FINANCIAL SERVICES PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-02 (in 3mo)
Last made up 2025-07-19
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
738
-11.4% vs 2023
Profit before tax
£52M
-5.7% vs 2023
Name history
Renamed 3 times since incorporation
- MARKS AND SPENCER FINANCIAL SERVICES PLC 2002-08-01 → present
- MARKS AND SPENCER FINANCIAL SERVICES LIMITED 1988-02-01 → 2002-08-01
- ST. MICHAEL FINANCIAL SERVICES LIMITED 1984-04-27 → 1988-02-01
- BRICKFLAG LIMITED 1983-11-24 → 1984-04-27
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £326,883,000 | £378,038,000 | |
| Operating profit | £55,021,000 | £51,896,000 | |
| Profit before tax | £55,021,000 | £51,896,000 | |
| Net profit | £43,454,000 | £38,866,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | — | — | |
| Average employees | 833 | 738 | |
| Wages | £29,850,000 | £27,028,000 |
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 | 16.8% | 13.7% | |
| Net margin | 13.3% | 10.3% |
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 financial statements are prepared on a going concern basis, as the Directors are satisfied that the Entity have the resources to continue in business for the foreseeable future. In making this assessment, the Directors have considered a wide range of information relating to present and future conditions, including future projections of profitability, cash flows, capital requirements and capital resources.”
Significant events
- “A new 7 year relationship agreement was signed during the year with M&S plc... following the sale of the cash foreign exchange ('FX') business to M&S plc.”
- “During the year the entity sold the cash FX business to M&S plc. This has been disclosed as discontinued operations in accordance with IFRS 5.”
- “A dividend in respect of the year ended 31 December 2024 of £16.9m (£0.07 per share) is recommended by the Directors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 67 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALDERSON, Alex | Secretary | 2020-02-11 | — | — |
| CALVER, Simon John | Director | 2023-04-01 | Jul 1964 | British |
| GOLDIE-SCOT, Jenny Fiona | Director | 2024-04-25 | Nov 1955 | British |
| O'FLAHERTY, Colin | Director | 2024-12-03 | Sep 1978 | British |
| SCOTT, Phillip William | Director | 2009-11-09 | Oct 1976 | British |
Show 67 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GREEN, Peter Harvey | Secretary | 1999-08-24 | 2005-06-16 |
| HARVEY, Peter James | Secretary | 2005-06-16 | 2008-07-23 |
| HUDSON, Kate Elizabeth | Secretary | 2010-09-22 | 2013-09-26 |
| IVENS, Robert John | Secretary | 1991-10-18 | 1999-08-24 |
| LEWIS, Katie, Ms. | Secretary | 2019-03-22 | 2020-02-11 |
| MCNALTY, Mary Josephine Margaret | Secretary | 2013-09-26 | 2014-12-11 |
| MCQUILLAN, Pauline Louise | Secretary | 2008-07-23 | 2009-09-24 |
| MEEHAN, Christopher | Secretary | 2018-07-03 | 2019-03-22 |
| MUSGROVE, Robert Hugh | Secretary | 2009-09-24 | 2010-09-22 |
| OAKLEY, Graham John | Secretary | — | 1991-10-18 |
| OLLITE, Syeeda | Secretary | 2014-12-11 | 2018-07-03 |
| BENFIELD, James Richard | Director | 1999-03-26 | 1999-12-31 |
| BRADSHAW, Paul Richard | Director | 2003-05-28 | 2005-05-31 |
| BUDD, David Charles | Director | 2005-09-22 | 2007-10-01 |
| COHEN, Sally Anne | Director | 2012-02-09 | 2013-02-28 |
| COLVILL, Robert William Chaigneau | Director | — | 2002-08-31 |
| COOK, Brendan Alistair | Director | 2004-12-09 | 2009-01-01 |
| CORDWELL, Ian Derek | Director | 1999-02-22 | 1999-04-30 |
| COYLE, James | Director | 2016-01-11 | 2024-04-24 |
| CULLEY, Kenneth | Director | 2000-09-22 | 2013-12-12 |
| DUNBAR, Margaret | Director | 1999-02-22 | 2002-01-04 |
| FENNELL, Peter Simon | Director | 1999-02-22 | 2002-04-30 |
| FOX, Suzanne | Director | 2014-05-22 | 2019-01-31 |
| GARNER, Johnson Daniel | Director | 2006-02-09 | 2011-02-02 |
| GOLBY, Marcus John Joseph Reynolds | Director | 2008-07-28 | 2011-03-25 |
| HAIRE, Stuart Arthur | Director | 2017-12-01 | 2020-06-18 |
| HANDLEY, Matthew Alexander Granger | Director | 2015-11-01 | 2020-05-25 |
| HASLAM, Christine Dora | Director | 2009-11-09 | 2011-02-28 |
| HINSHELWOOD, Nigel Grant | Director | 2011-09-28 | 2018-05-30 |
| HOLMES, Roger Anthony | Director | 2003-10-03 | 2004-05-31 |
| HOLT, Denise Mary, Dame | Director | 2013-08-01 | 2019-09-19 |
| JOHN, Dyfrig Dafydd Joseff | Director | 2005-04-25 | 2006-02-09 |
| JOHNSON, Michael Adrian | Director | — | 1993-03-31 |
| KERSLEY, Colin Martin | Director | 2009-02-11 | 2014-05-22 |
| KNUTSON, Kelley Craig | Director | 2002-03-21 | 2009-12-31 |
| LISTER, David William | Director | 2019-09-20 | 2024-04-24 |
| LYNOTT, Gev | Director | 2000-11-24 | 2002-07-19 |
| MACKAY, David Johnstone | Director | 2005-07-28 | 2006-08-21 |
| MCCRACKEN, Philip Guy | Director | — | 1999-02-22 |
| MCWALTER, Alan James | Director | 2000-01-28 | 2002-07-10 |
| MIELCZAREK, Andrew Ray | Director | 2005-04-21 | 2007-02-20 |
| MILNE, Alistair Graham | Director | 2002-04-25 | 2005-02-04 |
| NOTT, Edward Brian | Director | 2002-08-01 | 2007-12-10 |
| O'SULLIVAN, Sean Patrick | Director | 2007-11-15 | 2011-01-31 |
| OATES, John Keith | Director | — | 1999-01-31 |
| POWERS-FREELING, Laurel Claire | Director | 2001-11-06 | 2004-11-07 |
| PRENTICE, Crawford Peter | Director | 2010-03-04 | 2014-12-11 |
| RANSON, Roy Henry | Director | 1999-02-22 | 2003-05-28 |
| RICHARDSON, Neville Brian | Director | 2012-02-09 | 2013-06-18 |
| RIPLEY, Andrew John | Director | 2008-02-20 | 2009-09-24 |
| RUSHTON, Simon Leslie | Director | 1999-09-23 | 2000-11-24 |
| SALSBURY, Peter Leslie | Director | 1993-03-31 | 1999-02-22 |
| SELLWOOD, Philip Henry George | Director | 1999-02-22 | 2000-10-31 |
| SEWARD, Paul Kenneth | Director | 2016-11-11 | 2017-11-30 |
| SHAWYER, Peter Michael | Director | 2013-08-01 | 2015-03-04 |
| SPENCER, Paul Michael | Director | 2019-02-01 | 2024-12-05 |
| SPENCER, Paul Michael | Director | 2008-02-20 | 2009-09-07 |
| STEWART, David | Director | 2014-07-01 | 2020-05-13 |
| THUNDERCLIFFE, Mark John | Director | 2012-05-17 | 2016-06-22 |
| TOWELL, David Malcolm | Director | — | 2001-12-31 |
| VAN DEN AARDWEG, Andrew Douglas | Director | 2015-07-17 | 2020-06-18 |
| VANDEVELDE, Luc Emile | Director | 2002-09-01 | 2003-10-03 |
| WALTON, John Allan | Director | 1999-09-14 | 2004-11-07 |
| WAUGH, Richard Ian | Director | 2005-07-28 | 2007-12-10 |
| WAUGH, Richard Ian | Director | 1999-02-22 | 1999-08-20 |
| WELLS, Barrie John | Director | 2000-01-04 | 2009-12-31 |
| WOOLLARD, Keith | Director | 2011-12-01 | 2015-12-08 |
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 | 2018-03-21 | Ceased 2018-07-01 |
| Marks And Spencer Retail Financial Services Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Ceased 2018-03-21 |
Filing timeline
Last 20 of 300 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-08 | SH01 | capital | Capital allotment shares | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-23 | AA | accounts | Accounts with accounts type full | |
| 2021-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-16 | AA | accounts | Accounts with accounts type full | |
| 2020-09-01 | AA | accounts | Accounts with accounts type full | |
| 2020-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-30 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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
+15.6%
£326,883,000 £378,038,000
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
-11.4%
833 738
-
Operating profit
-5.7%
£55,021,000 £51,896,000
-
Profit before tax
-5.7%
£55,021,000 £51,896,000
-
Wages
-9.5%
£29,850,000 £27,028,000
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