HSBC GLOBAL SERVICES (UK) LIMITED
Operating as a subsidiary of the London-listed financial services group HSBC Holdings plc, the company provides internal administrative and strategic cost management services to the wider banking network.
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Cash
£1.3B
+23.6% vs 2023
Net assets
£833M
+13% vs 2023
Employees
5,610
-3.9% vs 2023
Profit before tax
£265M
+16% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £3,866,079,000 | £4,361,631,000 | +12.8% | |
| Operating profit | — | — | — | |
| Profit before tax | £228,405,000 | £264,844,000 | +16% | |
| Net profit | £157,177,000 | £165,468,000 | +5.3% | |
| Cash | £1,052,206,000 | £1,300,081,000 | +23.6% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £737,020,000 | £833,176,000 | +13% | |
| Equity | £737,020,000 | £833,176,000 | +13% | |
| Average employees | 5,836 | 5,610 | -3.9% | |
| Wages | £566,607,000 | £592,257,000 | +4.5% | |
| Directors' remuneration | £0 | £0 | — |
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 |
|---|---|---|---|
| Net margin | 4.1% | 3.8% | |
| Gearing (liabilities / total assets) | 80.8% | 80.0% | |
| Current ratio | 3.58x | 3.94x |
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
- HSBC GLOBAL SERVICES (UK) LIMITED 2014-09-30 → present
- HSBC MENA HOLDINGS (UK) LIMITED 2010-06-03 → 2014-09-30
Audit & accounting basis
- 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
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HEWITT, Catherine | Secretary | 2025-11-19 | — | — |
| ELDER, James Stuart | Director | 2020-09-21 | Aug 1968 | British |
| FORD, Josephine Joyce Eleanor | Director | 2024-05-17 | Mar 1969 | British |
| RAY, Jasmine | Director | 2025-11-18 | Mar 1964 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Christopher John | Secretary | 2022-11-19 | 2025-11-18 |
| BEATER, Jonathan | Secretary | 2019-08-29 | 2020-05-28 |
| MISTRY, Devina | Secretary | 2017-06-05 | 2017-08-14 |
| RAISTRICK, Alex, Mr. | Secretary | 2020-05-28 | 2022-11-18 |
| SHEPHERD, Hannah Elizabeth | Secretary | 2010-06-03 | 2017-06-05 |
| WILLIAMS, Rhys | Secretary | 2017-09-08 | 2019-06-13 |
| BARBER, Ralph Gordon | Director | 2010-06-03 | 2014-04-17 |
| BENNETT, Richard Ernest Tulloch | Director | 2011-09-16 | 2012-07-31 |
| COLIN, Maria Andrea | Director | 2017-06-16 | 2020-11-25 |
| FIELDING, Joanna | Director | 2016-07-22 | 2017-06-16 |
| FLINT, Douglas Jardine | Director | 2010-06-03 | 2011-01-10 |
| HACKETT, John Bannister | Director | 2015-07-31 | 2016-07-22 |
| HENLEY, Michael Stewart | Director | 2018-04-16 | 2020-11-13 |
| HENNITY, Richard John | Director | 2016-07-22 | 2019-05-22 |
| HENNITY, Richard John | Director | 2012-07-31 | 2015-07-31 |
| MACKAY, Iain James | Director | 2011-02-09 | 2014-09-05 |
| MACKINNON, Iain Francis | Director | 2011-09-16 | 2014-09-05 |
| MAGUIRE, Andrew Mitchell | Director | 2015-07-31 | 2020-01-31 |
| MATHEWS, Benedict John Spurway | Director | 2013-07-08 | 2014-09-05 |
| MUSGROVE, Robert Hugh | Director | 2014-09-05 | 2015-07-31 |
| PARSONS, Simon John | Director | 2020-11-25 | 2025-09-30 |
| PHILLIPS, Gary | Director | 2016-07-22 | 2018-04-16 |
| REID, Peter John | Director | 2015-07-31 | 2016-07-22 |
| SPOONER, Christopher David | Director | 2010-06-03 | 2011-09-30 |
| THIEM, Karsten Olaf | Director | 2020-11-25 | 2021-09-22 |
| WATTS, David Michael, Mr. | Director | 2016-04-27 | 2016-07-22 |
| WHITE, Edward Robert | Director | 2021-09-22 | 2024-05-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hsbc Global Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-26 | Active |
Filing timeline
Last 20 of 110 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-25 | AA | accounts | Accounts with accounts type full | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-04 | ANNOTATION | miscellaneous | Legacy | |
| 2023-10-19 | SH20 | capital | Legacy | |
| 2023-10-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-10-19 | CAP-SS | insolvency | Legacy | |
| 2023-10-19 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-22 | CH01 | officers | Change person director company with change date | |
| 2023-08-15 | AA | accounts | Accounts with accounts type full | |
| 2023-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-12-02 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.