VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED
Operating as the UK financial services division of Volkswagen AG, the company provides vehicle finance, leasing, insurance, and fleet management solutions for the group's automotive brands.
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Cash
£30m
+10.9% highest in 3 filed years
Net assets
£2.7bn
-11.7% lowest in 3 filed years
Employees
1,002
-0.2% vs 2024
Profit before tax
-£486m
-457.1% lowest in 3 filed years
Watch the reel
Our short-form breakdown of VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED's latest filing
Volkswagen's UK finance arm just filed a £486m pre-tax loss — driven entirely by a £725m provision for the FCA motor finance commission scandal. BMW, Renault and Lloyds' Black Horse have booked theirs too. But with the scheme partly on hold pending a tribunal, will drivers actually see the cash? 🚗💷
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £2,882,745,000 | £3,142,098,000 | £3,412,702,000 | +8.6% | |
| Operating profit | £310,102,000 | £178,687,000 | -£484,529,000 | -371.2% | |
| Profit before tax | £374,120,000 | £136,079,000 | -£485,882,000 | -457.1% | |
| Net profit | £276,002,000 | £110,326,000 | -£352,909,000 | -419.9% | |
| Cash | £127,000 | £26,730,000 | £29,650,000 | +10.9% | |
| Total assets less current liabilities | £18,032,451,000 | £17,377,432,000 | £19,536,791,000 | +12.4% | |
| Net assets | £2,963,873,000 | £3,074,741,000 | £2,716,162,000 | -11.7% | |
| Equity | £2,963,873,000 | £3,074,741,000 | £2,716,162,000 | -11.7% | |
| Average employees | 993 | 1,004 | 1,002 | -0.2% | |
| Wages | £56,372,000 | £56,290,000 | £56,722,000 | +0.8% | |
| Directors' remuneration | £755,000 | £867,000 | £666,000 | -23.2% | |
| Directors' pension contributions | £8,000 | £60,000 | £56,000 | -6.7% | |
| Highest paid director | £390,000 | £410,000 | £314,000 | -23.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.8% | 5.7% | -14.2% | |
| Net margin | 9.6% | 3.5% | -10.3% | |
| Return on capital employed | 1.7% | 1.0% | -2.5% | |
| Gearing (liabilities / total assets) | 86.1% | 86.4% | 88.7% | |
| Current ratio | 1.46x | 0.97x | 1.24x | |
| Interest cover | — | 4.19x | — |
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.
Name history
Renamed 1 time since incorporation
- VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED 1993-11-11 → present
- KELLENS LIMITED 1993-07-12 → 1993-11-11
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making these assessments, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- VOLKSWAGEN FINANCIAL SERVICES (UK) LIMITED · parent
- Volkswagen Insurance Service (Great Britain) Limited 100%
- Volkswagen Financial Services DS (UK) Limited 100%
Significant events
- “The company has recognised a provision of £725m at the year ended 31 December 2025 for the costs expected to be incurred in line with the rules published on 30 March 2026 within policy statement PS26/3 FCA Motor Finance Consumer Redress Scheme.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARTOELKE, Ingrun Ulla, Doctor | Director | 2025-07-01 | Oct 1967 | German |
| HEIMBERG, Gerrit Otto Walter | Director | 2025-07-01 | Sep 1974 | German |
| SMITH, Jean Michelle | Director | 2019-04-01 | Jan 1964 | British |
| TODD, Michael John | Director | 2018-09-28 | May 1966 | British |
| VERBIST, Thierry | Director | 2024-04-24 | Apr 1971 | Belgian |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DALY, Gerald James | Secretary | 1994-05-31 | 2001-03-15 |
| GIBBARD, Wayne David | Secretary | 2007-10-01 | 2008-06-20 |
| GIBBARD, Wayne David | Secretary | 2001-03-15 | 2002-04-16 |
| KECMAN, Vera | Secretary | 1993-12-30 | 1994-05-31 |
| MOSELEY, Dexter Graham | Secretary | 1993-11-02 | 1993-12-30 |
| SHIELDS, Alistair | Secretary | 2002-04-16 | 2007-10-01 |
| STONEMAN, Susan Elizabeth | Nominee Secretary | 1993-07-12 | 1993-11-02 |
| BANDMANN, Anthony George | Director | 2021-10-01 | 2022-08-12 |
| BANKS, Geoffrey Nicholas | Director | 2002-09-04 | 2004-10-11 |
| BENZ, Michael | Director | 1999-09-01 | 2002-09-04 |
| CLINCH, Rodney David | Director | 1993-11-02 | 1994-03-16 |
| DAHLHEIM, Christian, Dr | Director | 2009-02-01 | 2012-09-01 |
| EBERT, Jan | Director | 2020-07-01 | 2024-01-31 |
| HESSKE, Harald | Director | 2017-09-02 | 2019-03-29 |
| HILL, Malcolm Gerald | Director | 1994-03-16 | 1999-06-30 |
| HOFFMANN, Uwe Rudolf | Director | 2000-09-01 | 2005-07-25 |
| IBACH, Juergen Wilhelm | Director | 2009-02-01 | 2012-03-31 |
| IDE, Richard Birkett | Director | 1994-03-16 | 1999-12-13 |
| JAMES, Kevin Lloyd | Director | 1998-07-17 | 2001-03-31 |
| LEGENBAUER, Jens | Director | 2022-08-12 | 2024-06-30 |
| LEGENBAUER, Jens | Director | 2012-09-01 | 2019-06-30 |
| LEWINGTON, Keith Edward | Nominee Director | 1993-07-12 | 1993-11-02 |
| LUETZENKIRCHEN, Hans-Peter, Dr | Director | 2004-08-09 | 2005-11-18 |
| MALONEY, David | Director | 2016-06-01 | 2018-08-01 |
| MARCUS, Bryan | Director | 2001-04-01 | 2009-06-01 |
| MASSFELLER, Norbert Matthais | Director | 1994-03-16 | 2004-10-11 |
| MIELKE, Rainer | Director | 1994-03-16 | 1997-07-31 |
| MUND, Stephan Bernhard Wilhelm | Director | 2012-07-10 | 2014-12-31 |
| REICHHARDT, Volker | Director | 2005-11-18 | 2012-09-01 |
| REINHART, Michael Eberhard, Dr | Director | 2017-09-02 | 2019-03-29 |
| SCHNEIDER, Peter Max | Director | 1993-12-22 | 2000-02-17 |
| SCHUERMANN, Klaus-Dieter | Director | 2000-02-17 | 2005-03-24 |
| SCOLA, Ingolf | Director | 1997-08-01 | 1999-08-31 |
| SHIELDS, Alistair | Director | 2007-10-01 | 2011-06-30 |
| SMITH, Jean Michelle | Director | 2015-06-02 | 2015-11-23 |
| STACEY, Lisa Maree | Director | 2011-07-01 | 2014-06-30 |
| THOMAS, Simon Peter | Director | 2011-09-01 | 2013-08-31 |
| TODD, Michael John | Director | 2015-06-02 | 2016-07-31 |
| VAN DEN BERGH, Albertus Antonius Maria | Director | 2014-07-01 | 2019-03-31 |
| VOGLER, Kai Günther | Director | 2019-07-01 | 2021-09-30 |
| WELTER, Patrick Ortwin | Director | 2012-08-01 | 2020-06-30 |
| WHEELER, Graham | Director | 2004-09-01 | 2016-06-30 |
| WOOLCOCK, Robin Arthur John | Director | 1999-12-13 | 2011-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Volkswagen Aktiengesellschaft | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 201 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type full | |
| 2026-07-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-23 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-25 | AA | accounts | Accounts with accounts type full | |
| 2024-07-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2022-09-21 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-21 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-30 | AA | accounts | Accounts with accounts type full | |
| 2022-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-19 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-19 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-17 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.