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
DOWNLOADOur 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®.