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Company No. 02895722 · Incorporated 8 Feb 1994

Mercantile Leasing Company (No.132) Limited

Registered name: MERCANTILE LEASING COMPANY (NO.132) LIMITED

Part of Barclays PLC group

Mercantile Leasing Company (No.132) Limited made £161m revenue and £143k profit in the year to 31 Dec 2024.

Mercantile Leasing Company (No.132) Limited’s revenue grew 4% to £161m in the year to 31 Dec 2024, with £143k profit. The company is classified under “financial leasing” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 64910Financial leasing
Status
Active
Location
London
Age
32 yrs · since 1994
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

Revenue
£161m
Growth ▲3.9%
Profit
£143k
Growth ▲2.9%
Profit margin
0.1%
Gross 0.1%
Employees
—
Change —
Profit / employee
—
 
Profitable streak
2yrs
Consecutive profitable years in our data
2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2024
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£155m£161m
Cost of sales−£155m−£161m
Gross profit£182k£190k
Operating profit£182k£190k
Profit before tax£182k£190k
Profit after tax£139k£143k
Profit (best available)£139k£143k
Employees (average)——
Ratios
Profit margin0.1%0.1%
Gross margin0.1%0.1%
Growth (year on year)
Revenue growth—▲3.9%
Profit growth—▲2.9%
Balance sheet — indirect signals, not revenue
Net assets——
SourceAccounts · bulk data Sep 2025Accounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
0.1%
Profit ÷ revenue.
Gross margin
0.1%
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
—
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.
Indirect — not revenue

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 —
Deferred income
—
Now —
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Barclays PLCultimate parent75–100%
  2. Barclays Bank PLC75–100%
  3. Mercantile Leasing Company (No.132) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (59)

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £143k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Updated from Companies House on 20 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.