69% Micro
22% Small
5% Mid
3% Large
1% Mega
INSIGHTS - APRIL 2024
UK Banking Services Industry
UK Banking Services Industry Information
The financial services industry involves the receiving and distribution of funds by entities such as banks, building societies, postal savings but also includes holding companies, investment funds, financial leasing and property funds.
Active Businesses
36,541
Annual Sales
£490bn +
Employees
1,140,651
Economic Contribution
£205bn
Tags
Location of Banking Services Companies
Banking Services Companies by Size
Largest Banking Services Companies
Turnover
Barclays Plc
£36.5bn
Lloyds Bank Plc
£31.1bn
Barclays Bank Plc
£27.3bn
Standard Chartered Plc
£20.1bn
Banking Services Companies by Age
31% Young
28% Established
23% Startup
18% Mature
0% New
Oldest Banking Services Companies
Established
Lloyds Bank Plc
1865
Fastest Growing Banking Services Companies
38% Declining
20% Healthy
17% Rapid
13% Low
12% High
Fastest Growing Banking Services Companies
3yr CAGR
Banking Services Industry Competitive Environment - New Entrants vs Leavers
Banking Services Industry Valuation
EBITDA Multiple
Banking Services Industry Valuation
Turnover Multiple
Banking Services Industry Valuation
Net Asset Multiple
Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Financial service activities, except insurance and pension funding Industry Insights
There are 36,541 active Businesses in the UK with combined annual sales of £490 billion .
The Industry employs around 1,140,651 people and contributes £205 billion to the economy.
The most popular location for Banking Services companies is London with 13,412 and the fewest are located in Northern Ireland with 421.
The largest Banking Services company is Barclays Plc with a turnover of £36.5bn. 69% of the industry is comprised of Micro companies with only 5% Mid companies.
18% of the Banking Services Industry is made up of 18% Mature but the majority are Young businesses (31%) the oldest company is Gresham House Limited founded in 1857.
Banking Services industry has a number of high growth companies (13%), the fastest growing company is Vantage Solar Uk Limited with a 3 year growth rate of 935%. Other fast growing companies include Citadel Securities Finance (Uk) Limited (648%), Green Investment Group Investments Limited (576%) and Black Horse Limited (472%).
The UK Banking Services Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 13.33x, Turnover multiple of 3.58x and a Net Asset multiple of 2.12x.
