Financial Performance
Our financial performance
With over 1,400 employees, £5.9bn of net earning assets, over 1.4 million customers across five business units and generating £129.4m profit before tax in 2019/20, 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 2019/20
DOWNLOADOur 2019/20 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:
£129.4m profit in 2019/20
5.1% growth in profit 2019/20
£5.9bn net earning assets
£4.0bn volume of new business
| Year ending 31 March | |||
| 2020 | 2019 | 2018 | |
| Profit before tax (PBT) | £129.4m | £123.1m | £116.4m |
| PBT growth | 5.1% | 5.8% | 7.1% |
| New Business Volume | £4.0bn | £4.0bn | £3.5bn |
| Net Earning Assets | £5.9bn | £5.6bn | £4.8bn |
| Pre-tax Return on Net Earning Assets | 2.2% | 2.2% | 2.4% |
| Bad Debt ratio | 0.8% | 0.7% | 0.6% |
| Cost income ratio | 46.3% | 47.4% | 47.0% |
| Number of employees | 1,425 | 1,365 | 1,238 |
| Effective tax rate | 20.4% | 19.0% | 20.2% |
| Post-tax return on equity | 14.4% | 15.7% | 15.7% |
Further resources
News and media
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®.
GRIDSERVE opens UK’s first Electric Forecourt® to support mass market EV charging and make EVs less expensive than petrol or diesel alternatives
Dec 2020
GRIDSERVE today announces that the UK’s first Electric Forecourt® near Braintree, Essex, is open for business, representing a major breakthrough for massive expansion of electric vehicle (EV) charging infrastructure in the UK. The Braintree site will be the first of over 100 sites to be built by GRIDSERVE in the next five years, as part of a £1bn programme part funded by Hitachi Capital UK which will revolutionise the EV experience.
Financial Results For Year Ended 31 March 2020
Jun 2020
Hitachi Capital (UK) PLC today announces its latest set of financial results that demonstrates significant growth for the eleventh consecutive year.
Hitachi Capital UK And GRIDSERVE Join Forces To Accelerate Sustainable Energy And Electric Vehicle Charging Revolution
Apr 2020
Hitachi Capital (UK) PLC and GRIDSERVE Sustainable Energy Ltd today announce a partnership which aims to revolutionise the UK’s approach to solar energy and create the infrastructure to accelerate the adoption of electric vehicles.