HSBC UK: who owns it, who runs it and what the accounts show
HSBC UK Bank PLC's person with significant control on the Companies House register is Hsbc Holdings Plc. In the year to December 2025 HSBC UK Bank PLC reported turnover of £16,474m.
- In the year to December 2025, HSBC UK had turnover of £16,474m, down 1.2% on the year before.
- It made a pre-tax profit of £5,619m.
- For a bank, the turnover shown here is gross income: interest received plus fees and other income, before the interest it pays out to savers and lenders. Its revenue after that interest was £10,468m, including first direct and M&S Bank (accounts to 31 December 2025, pp. 3 and 11).
- It employed an average of 19,841 people, with staff costs of £1,205m.
- HSBC UK Bank PLC is controlled by Hsbc Holdings Plc, according to the Companies House register.
- These figures are from HSBC UK Bank PLC's group accounts for the year to December 2025, filed at Companies House on 14 May 2026.
- Registered name
- HSBC UK BANK PLC
- Company number
- 09928412
- Status
- Active
- Incorporated
- 23 December 2015
- Registered office area
- Birmingham
- Industry code on the register
- 64191: Financial service activities (excl insurance and pension)
- Accounts
- Group accounts, covering the companies it owns
- Accounts type
- Full group accounts
- Latest accounts
- Year to December 2025, filed 14 May 2026
What does HSBC UK do?
HSBC UK is HSBC's high street bank in Britain, headquartered in Birmingham, serving personal customers under the HSBC UK, first direct and M&S Bank brands and providing banking and lending to businesses. It earns most of its income from interest, with the rest mainly from fees. These figures are for HSBC UK Bank plc, the ring-fenced bank of HSBC Holdings, which runs first direct as a division and owns Marks and Spencer Financial Services, the company behind M&S Bank; it is separate from HSBC Bank plc, the group's corporate and investment bank, which Spark Intel profiles on its own.
In brief: high street bank · ring-fenced bank · includes first direct and M&S Bank · owned by HSBC Holdings
Source: Spark Intel editorial, checked 6 November 2026. Official website: hsbc.co.uk.
Who owns HSBC UK?
The Companies House register records Hsbc Holdings Plc as the person with significant control of HSBC UK Bank PLC, company number 09928412. Hsbc Holdings Plc is itself company number 00617987.
That places HSBC UK Bank PLC inside a larger group. Its accounts are group accounts, covering the companies it owns as well.
The full ownership record is on the Companies House register. Control is given in the bands the register uses, not as exact shareholdings.
Who runs HSBC UK?
The Companies House register lists 11 current officers for HSBC UK Bank PLC.
All 11 current officers
| Officer | Appointed |
|---|---|
| Ms. Mridul Hegde | 7 February 2018 |
| Jenny Fiona Goldie-Scot | 19 July 2022 |
| Janet Bernadette Henry | 1 November 2022 |
| Simon John Calver | 1 April 2023 |
| Oliver Roebling Panton Corbett | 1 January 2024 |
| Fiona Mary Mackay | 1 October 2024 |
| Carolyn Adele Dittmeier | 1 October 2024 |
| Abimbola Olubunmi Edet Afolami | 9 January 2025 |
| David Robert Lindberg | 8 December 2025 |
| Jonathan Bingham | 8 April 2026 |
| Dame Carolyn Julie Fairbairn | 13 April 2026 |
Every current officer, with appointment dates, is on the Companies House register.
What did HSBC UK file?
HSBC UK Bank PLC reported turnover of £16,474m in the year to December 2025. That was down 1.2% on £16,666m the year before.
It reported 19,841 employees. The year before it reported 20,034.
It filed a pre-tax profit of £5,619m for the year, against a pre-tax profit of £5,647m the year before.
Staff costs came to £1,205m. That is an average of £61,000 a head. It ended the year with £40,369m at the bank and net assets of £28,241m.
| Measure | Dec 2025 | Dec 2024 |
|---|---|---|
| Turnover | £16,474m | £16,666m |
| Pre-tax profit | £5,619m (filed) | £5,647m (filed) |
| Employees | 19,841 | 20,034 |
| Staff costs | £1,205m | £1,128m |
| Average staff cost per head | £61,000 | £56,000 |
| Bank and cash | £40,369m | £52,276m |
| Net assets | £28,241m | £25,911m |
| Directors' pay | £8m |
What these figures cover: For a bank, the turnover shown here is gross income: interest received plus fees and other income, before the interest it pays out to savers and lenders. Its revenue after that interest was £10,468m, including first direct and M&S Bank (accounts to 31 December 2025, pp. 3 and 11).
Read the accounts to December 2025 (PDF, Companies House) · every accounts filing
What do these figures mean? Turnover vs profit · Profit per £100 · Cash vs profit · Net assets · Group accounts
Are there any charges against HSBC UK?
HSBC UK Bank PLC has registered 15 charges at Companies House, of which 9 are still outstanding. A charge is security a lender takes over a company's assets; one is satisfied when the lending behind it is repaid or released.
All 9 outstanding charges
| Charge holder | Created |
|---|---|
| Hsbc UK Bank PLC | 24 November 2025 |
| Hsbc UK Bank PLC | 26 September 2025 |
| The Governor and Company of the Bank of England as Security Trustee for the Security Beneficiaries | 19 June 2019 |
| The Governor and Company of the Bank of England as Security Trustee | 14 March 2019 |
| The Governor and Company of the Bank of England as Security Trustee | 13 March 2019 |
| The Governor and Company of the Bank of England | 14 September 2018 |
| Goldman Sachs International | 9 July 2018 |
| Deutsche Bank A.G. | 5 July 2018 |
| Euroclear Bank Sa/Nv | 29 June 2018 |
Each charge, with its holder and dates, is on the Companies House register.
How HSBC UK compares
Of the 7 high street banks, HSBC UK is 3rd on turnover, 1st on profit margin and 4th on growth.
| Rank | High street banks | Turnover | Profit per £100 |
|---|---|---|---|
| 1st | Lloyds Bank | £34,528m | £15.85 |
| 3rd | HSBC UK | £16,474m | £34.11 |
| + 5 more high street banks ranked |
Ranked by turnover. Profit per £100 is pre-tax profit for every £100 of turnover, shown only where the profit is filed.
HSBC UK files as HSBC UK Bank PLC, whose person with significant control is Hsbc Holdings Plc, with turnover of £16,474m in its latest filed year.
Questions about HSBC UK
What does HSBC UK do?
HSBC UK is HSBC's high street bank in Britain, headquartered in Birmingham, serving personal customers under the HSBC UK, first direct and M&S Bank brands and providing banking and lending to businesses. It earns most of its income from interest, with the rest mainly from fees. These figures are for HSBC UK Bank plc, the ring-fenced bank of HSBC Holdings, which runs first direct as a division and owns Marks and Spencer Financial Services, the company behind M&S Bank; it is separate from HSBC Bank plc, the group's corporate and investment bank, which Spark Intel profiles on its own.
Is HSBC UK bigger than Barclays UK?
Yes, by turnover. HSBC UK reported £16,474m in its latest accounts, against £14,664m at Barclays UK. Our Barclays v HSBC page compares the two on profit, margin, growth and staff. Barclays v HSBC →
How does HSBC UK compare with its rivals?
By turnover, HSBC UK is 3rd of the 7 companies in our battle of the high street banks, behind Lloyds Bank. The battle ranks them on turnover, pre-tax profit, margin, growth and net assets. The battle of the high street banks →
Who owns HSBC UK?
The Companies House register records Hsbc Holdings Plc as the person with significant control of HSBC UK Bank PLC.
How much does HSBC UK make?
HSBC UK Bank PLC reported turnover of £16,474m in the year to December 2025. It filed a pre-tax profit of £5,619m.
How many people work at HSBC UK?
HSBC UK Bank PLC reported 19,841 employees in the year to December 2025.
Who runs HSBC UK?
The Companies House register lists 11 current officers for HSBC UK Bank PLC. The full list, with appointment dates, is on the Companies House register.
- Figures come from HSBC UK Bank PLC's filings at Companies House, company number 09928412, for the period shown at the top of the page.
- These are group accounts: they include the companies it owns.
- Pre-tax profit is the figure the company filed, for both years.
- A figure the filing does not disclose is shown as n/d. A zero in the filing is treated as not disclosed, never as nil.
- Rounding: below £0.1m in thousands, from £0.1m to £2m to one decimal place, from £2m to the nearest million.
- Ownership is shown in the control bands the register of people with significant control uses, not as exact shareholdings.
- Officers' names and appointment dates come from the Companies House register. Job titles come from the company's own website. The description of what the company does comes from its website, or is marked Spark Intel editorial where it is written from stable, checked facts, with the date either way.
Spark Intel, “HSBC UK: who owns it, who runs it and what the accounts show”, updated 6 November 2026. https://www.spark-intel.co.uk/companies/hsbc-uk/. Figures from Companies House filings for HSBC UK BANK PLC (09928412).
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