69% Micro
22% Small
5% Mid
3% Large
1% Mega
INSIGHTS - DECEMBER 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
37,054
Annual Sales
£600bn +
Employees
1,269,297
Economic Contribution
£215bn
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
33% Young
29% Established
19% Mature
19% Startup
0% New
Oldest Banking Services Companies
Established
Lloyds Bank Plc
1865
Fastest Growing Banking Services Companies
36% Declining
22% Healthy
17% Rapid
13% High
12% 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 37,054 active Businesses in the UK with combined annual sales of £600 billion .
The Industry employs around 1,269,297 people and contributes £215 billion to the economy.
The most popular location for Banking Services companies is London with 13,501 and the fewest are located in Northern Ireland with 437.
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.
19% of the Banking Services Industry is made up of 19% Startup but the majority are Young businesses (33%) 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 Snacks International Development Uk Limited (593%), Westfield Specialty Ltd (393%) and Citadel Securities Finance (Uk) Limited (343%).
The UK Banking Services Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 11.61x, Turnover multiple of 3.47x and a Net Asset multiple of 2.11x.
