Lloyds Bank Asset Finance Limited
Registered name: LLOYDS BANK ASSET FINANCE LIMITED
Part of Lloyds Banking Group PLC groupLloyds Bank Asset Finance Limited made £30.9m revenue and £6.7m profit in the year to 31 Dec 2024.
Lloyds Bank Asset Finance Limited’s revenue was £30.9m in the year to 31 Dec 2024, with £6.7m profit and 1,434 employees. The company is classified under “activities of financial services holding companies”.
- Status
- Active
- Age
- 67 yrs · since 1958
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2024 |
|---|---|
| Disclosure | Full P&L |
| Profit & loss | |
| Revenue (turnover) | £30.9m |
| Cost of sales | −£19.5m |
| Gross profit | £11.4m |
| Operating profit | £9.4m |
| Profit before tax | £9.4m |
| Profit after tax | £6.7m |
| Profit (best available) | £6.7m |
| Employees (average) | 1,434 |
| Ratios | |
| Profit margin | 21.8% |
| Gross margin | 36.8% |
| Revenue per employee | £21.5k |
| Profit per employee | £4.7k |
| Balance sheet — indirect signals, not revenue | |
| Net assets | — |
| Source | Accounts · bulk data Jul 2025 |
How the business works
- Profit margin
- 21.8%
- Profit ÷ revenue.
- Gross margin
- 36.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £21.5k
- Revenue ÷ average employees.
- Profit per employee
- £4.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 1,434
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Lloyds Banking Group PLCultimate parent75–100%
- Lloyds Bank PLC75–100%
- Lloyds Bank Asset Finance Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (11)
- A.c.l. LimitedFigures not disclosed
- Acl Autolease Holdings LimitedLiquidationFigures not disclosed
- Black Horse Finance Holdings LimitedFigures not disclosed
- Black Horse Group LimitedFigures not disclosed
- Hamsard 3352 LimitedLiquidationFigures not disclosed
- HVF LimitedFigures not disclosed
- Lex Autolease (CH) LimitedFigures not disclosed
- Lex Autolease (VC) LimitedFigures not disclosed
- Lex Autolease Carselect LimitedFigures not disclosed
- Lex Autolease LimitedFigures not disclosed
- Tuskerdirect LimitedFigures not disclosed
Sister companies (31)
- Hbos PLCRev. £5.6bn · Profit £1.5bn
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- Aquilus LimitedLiquidationFigures not disclosed
- Boltro Nominees LimitedFigures not disclosed
- Cardnet Merchant Services LimitedFigures not disclosed
- Cheltenham & Gloucester PLCFigures not disclosed
- Corbiere Asset Investments LtdFigures not disclosed
- Curve Os Holding LimitedFigures not disclosed
- Dunstan Investments (UK) LimitedFigures not disclosed
- Gresham Nominee 1 LimitedFigures not disclosed
- Gresham Nominee 2 LimitedFigures not disclosed
- Hill Samuel Leasing Co. LimitedFigures not disclosed
- LB Healthcare Trustee LimitedFigures not disclosed
- Lloyds Bank (Colonial & Foreign) Nominees LimitedFigures not disclosed
- Lloyds Bank (I.d.) Nominees LimitedFigures not disclosed
- Lloyds Bank Commercial Finance LimitedFigures not disclosed
- Lloyds Bank Financial Services (Holdings) LimitedFigures not disclosed
- Lloyds Bank Leasing LimitedFigures not disclosed
- Lloyds Bank Nominees LimitedFigures not disclosed
- Lloyds Bank Pension Abcs (No 1) LLPFigures not disclosed
- Lloyds Bank Pension Abcs (No 2) LLPFigures not disclosed
- Lloyds Bank Subsidiaries LimitedFigures not disclosed
- Lloyds Bank Trustee Services LimitedFigures not disclosed
- Lloyds Banking Group Pensions Trustees LimitedFigures not disclosed
- Perry Nominees LimitedFigures not disclosed
- Pips Asset Investments LimitedFigures not disclosed
- R.F. Spencer and Company LimitedFigures not disclosed
- Ranelagh Nominees LimitedFigures not disclosed
- Scottish Widows Services LimitedFigures not disclosed
- The Agricultural Mortgage Corporation PLCFigures not disclosed
- Ward Nominees (Abingdon) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £6.7m), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.