Banner for Our Financial Performance

Our Financial Performance

Financial performance and reporting

With over 2,250 employees, £8.2bn of net earning assets, over 1.3 million customers across our business units and generating £126.0m profit before tax in 2023/24, Mitsubishi HC 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 a three year summary of our financial performance, (including Key Performance Indicators under our previous trading name Hitachi Capital (UK) PLC).

Our 2023/24 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: 

Key Highlights

£126.0m profit in 2023/24

8% rise in profit 2023/24

£8.2bn net earning assets

£4.5bn volume of new business

Year ending March 31202420232022
Profit before tax (PBT)£126.0m£160.8m£130.0m
PBT growth8%24%25%
New Business Volume£4.5bn£4.5bn£4.1bn
Net Earning Assets£8.2bn£7.6bn£6.5bn
Pre-tax Return on Net Earning Assets1.6%2.2%2.1%
Bad debt charge as a percentage of total assets0.30%0.26%0.4%
Admin costs / Gross profit ratio61.0%61.3%50.5%
Number of employees2,2502,2001,600
Effective tax rate26.5%25.5%21.0%
Post-tax return on equity8.6%11.1%11.1%