HSBC GLOBAL SERVICES (UK) LIMITED

1. HSBC GLOBAL SERVICES (UK) LIMITED 2014-09-30 → present
2. HSBC MENA HOLDINGS (UK) LIMITED 2010-06-03 → 2014-09-30

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

UK-adopted International Accounting Standards

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 Company 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, liquidity, capital requirements and capital resources. These considerations include stressed scenarios that reflect the uncertainty in the macroeconomic environment following uncertain inflation, rapidly changing interest rates, and disrupted supply chains as a result of the Russia-Ukraine war; and conflict in the Middle East. They also included other top and emerging risks, including climate change, as well as the related impacts on profitability, capital and liquidity.”

Significant events

• “In October 2024, the HSBC Group announced a new, simplified organisational structure to accelerate delivery against strategic priorities. Effective 1 January 2025, the Group operates through four new businesses: Hong Kong, UK, Corporate and Institutional Banking and International, Wealth and Premier Banking. The Group's functions are being realigned to support the four businesses.”
• “The operations of the Company's Malta branch ceased in Oct24. The de-registration application was filed with the Malta business registry and the branch was deregistered from 310ct24.”

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

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +12.8%

  £3,866,079,000 → £4,361,631,000

• Cash

  +23.6%

  £1,052,206,000 → £1,300,081,000

• Net assets

  +13%

  £737,020,000 → £833,176,000

• Employees

  -3.9%

  5,836 → 5,610

• Profit before tax

  +16%

  £228,405,000 → £264,844,000

• Wages

  +4.5%

  £566,607,000 → £592,257,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers