Financial Performance

Our financial performance

With over 1,500 employees, £5.9bn of net earning assets, over 1.3 million customers across five business units and generating £104.0m profit before tax in 2020/21, Hitachi Capital (UK) PLC is one of the UK’s leading financial services companies.

From 1 April 2021 we became a wholly owned subsidiary of Mitsubishi HC Capital Inc. strengthening our relationship with one of the world's largest and most diverse financial groups.

Here you will find information about our financial performance, current and previous annual results, Hitachi Capital (UK) PLC news, as well annual reports and investor presentations to download.

Annual Report 2020/21

Our 2020/21 financial results

You can find out more information about our financial performance in our latest Annual Report. Our financial performance and Key Performance Indicators for the past three financial years are as below: 

£104.0m profit in 2020/21

19.7% fall in profit 2020/21

£5.9bn net earning assets

£3.3bn volume of new business

  Year ending 31 March
  2021 2020 2019
Profit before tax (PBT) £104.0m £129.4m £123.1m
PBT growth (19.7%) 5.1% 5.8%
New Business Volume £3.3bn £4.0bn £4.0bn
Net Earning Assets £5.9bn £5.9bn £5.6bn
Pre-tax Return on Net Earning Assets 1.8% 2.2% 2.2%
Bad Debt ratio 0.9% 0.8% 0.7%
Cost income ratio 49.2% 46.3% 47.4%
Number of employees 1,550 1,425 1,365
Effective tax rate 20.4% 20.4% 19.0%
Post-tax return on equity 10.5% 14.4% 15.7%

Further resources
News and media

Strong Results For Hitachi Capital (UK) PLC Amid Challenging Market Conditions

Jun 2021

Hitachi Capital (UK) PLC today announces strong full year financial results, in a year marked by the heightened uncertainty and unprecedented impact of COVID-19 leading to supressed consumer lending. With a well-diversified business across commercial and consumer sectors, Hitachi Capital (UK) PLC reports profit before tax (PBT) of £104m for the 2020/21 financial year.

Hitachi Capital Business Finance Appoints New Managing Director

May 2021

Geoff Maleham has been appointed as Managing Director of Hitachi Capital Business Finance (subject to FCA approval). Geoff has jointly led the business since the sad passing of Gavin Wraith-Carter in September 2020.

Finland Branch To Be Launched By Hitachi Capital European Vendor Solutions

Mar 2021

Hitachi Capital European Vendor Solutions has announced that it will open a direct operation in Finland by spring 2021.

Hitachi Capital UK Takes Multi Million Share In Leading UK Green Energy Firm GRIDSERVE

Jan 2021

Hitachi Capital (UK) PLC today announces a £10m investment in GRIDSERVE Holdings Limited, the parent company of GRIDSERVE Sustainable Energy Ltd as the firms strengthen their partnership following the successful launch of the UK’s first ultra-fast Electric Forecourt®.