69% Micro
22% Small
5% Mid
3% Large
1% Mega
INSIGHTS - OCTOBER 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
37,245
Annual Sales
£600bn +
Employees
1,225,193
Economic Contribution
£218bn
Tags
Location of Banking Services Companies
Banking Services Companies by Size
Largest Banking Services Companies
Turnover
Barclays Plc
£51.3bn
Barclays Bank Plc
£39.1bn
Standard Chartered Plc
£38.3bn
Lloyds Bank Plc
£31.1bn
Hsbc Bank Plc
£24.5bn
Banking Services Companies by Age
30% Young
27% Established
24% Startup
17% Mature
2% New
Oldest Banking Services Companies
Established
Lloyds Bank Plc
1865
Fastest Growing Banking Services Companies
37% Declining
21% Healthy
17% Rapid
13% High
13% Low
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 37,245 active Businesses in the UK with combined annual sales of £600 billion .
The Industry employs around 1,225,192 people and contributes £218 billion to the economy.
The most popular location for Banking Services companies is London with 13,724 and the fewest are located in Northern Ireland with 446.
The largest Banking Services company is Barclays Plc with a turnover of £51.3bn. 69% of the industry is comprised of Micro companies with only 5% Mid companies.
17% of the Banking Services Industry is made up of 17% Mature but the majority are Young businesses (30%) 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 Chubb European Holdings Limited with a 3 year growth rate of 680%. Other fast growing companies include Green Investment Group Investments Limited (576%), Xyz Investment Holding Ltd (414%) and Westfield Specialty Ltd (393%).
The UK Banking Services Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 12.53x, Turnover multiple of 3.60x and a Net Asset multiple of 2.17x.
