HGH Finance Limited
Registered name: HGH FINANCE LIMITED
Part of Howden Group Holdings Limited groupHGH Finance Limited made £4.2bn revenue and a £933m loss in the year to 31 Dec 2025.
HGH Finance Limited’s revenue was £4.2bn in the year to 31 Dec 2025, with a loss of £933m and 24,027 employees. The company is classified under “activities of financial services holding companies” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 5 yrs · since 2021
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2023 | 30 Sep 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £2.4bn | £2.9bn | £2.9bn | £4.2bn |
| Cost of sales | −£2bn | −£2.5bn | — | — |
| Operating profit | −£40.5m | £78.6m | £78.6m | −£547m |
| Profit before tax | −£376m | −£440m | −£440m | −£955m |
| Profit after tax | −£329m | −£392m | −£392m | −£933m |
| Profit (best available) | −£329m | −£392m | −£392m | −£933m |
| Employees (average) | 14,496 | 17,616 | 17,616 | 24,027 |
| Ratios | ||||
| Profit margin | −14% | −13.7% | −13.7% | −22.1% |
| Revenue per employee | £162k | £163k | £163k | £176k |
| Profit per employee | −£22.7k | −£22.2k | −£22.2k | −£38.8k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲21.9% | — | — |
| Headcount growth | — | ▲21.5% | — | — |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 | Accounts · bulk data Jun 2026 | Accounts · bulk data Jun 2026 |
How the business works
- Profit margin
- −22.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £176k
- Revenue ÷ average employees.
- Profit per employee
- −£38.8k
- 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 24,027
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Howden Group Holdings Limitedultimate parent75–100%
- HGH Midco 1 Limited75–100%
- HGH Midco 2 Limited75–100%
- HGH Finance Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- HGH Midco 3 LimitedFigures not disclosed
- Howden UK Refinance 2 PLCFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£933m), from the Companies House accounts bulk data published Jun 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.