HW Financial Services Limited
Registered name: HW FINANCIAL SERVICES LIMITED
Part of Natwest Group PLC groupHW Financial Services Limited made £3.2m revenue and £376k profit in the year to 31 Dec 2025.
HW Financial Services Limited’s revenue fell 19% to £3.2m in the year to 31 Dec 2025, with £376k profit and 0 employees. The company is classified under “activities auxiliary to financial intermediation” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 40 yrs · since 1986
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Bestinvest (Holdings) Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £5.2m | £5m | £3.9m | £3.2m |
| Cost of sales | £372k | £0 | — | — |
| Gross profit | £4.8m | £5m | — | — |
| Operating profit | £593k | £663k | £433k | £477k |
| Profit before tax | £613k | £711k | £464k | £502k |
| Profit after tax | £499k | £544k | £348k | £376k |
| Profit (best available) | £499k | £544k | £348k | £376k |
| Employees (average) | 0 | 0 | 0 | 0 |
| Ratios | ||||
| Profit margin | 9.7% | 10.8% | 8.8% | 11.7% |
| Gross margin | 92.8% | 100% | — | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼2.8% | ▼21.3% | ▼18.8% |
| Profit growth | — | ▲9% | ▼36% | ▲8.1% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £2.2m | £1.3m | £1.2m | £1.2m |
| Net assets | £1.7m | £1.3m | £1.1m | £1m |
| Fixed assets | £9k | £9k | £6k | £5k |
| Current assets | £2.5m | £2m | £1.9m | £1.7m |
| Debtors | £330k | £710k | £640k | £555k |
| Deferred income | £232k | £0 | — | — |
| Source | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Aug 2026 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 11.7%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 17.3%
- 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
- ▼9%
- Now £1m
- Cash at bank
- ▼7%
- Now £1.2m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- ▼17%
- Now £5k
Group structure
Ownership chain
- Natwest Group PLCultimate parent75–100%
- Natwest Holdings Limited75–100%
- National Westminster Bank Public Limited Company75–100%
- Evelyn Partners Group Limited75–100%
- Bestinvest (Holdings) Limited75–100%
- HW Financial Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Evelyn Partners Investment Management Services LimitedRev. £132m · Profit £11.7m
- Bestinvest (Consultants) LimitedLiquidationRev. £0 · Profit £19k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £376k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.