Lloyds Banking Group Plc reported £19.4bn revenue in FY2025, down 33% across 4 filed years.

Open filed source ↗
Where's the money from?
Revenue £19.4bn (FY2025), up 8% YoY
This is the total revenue line reported in the filed accounts.
Filed source ↗
Revenue trend
£29.2bn → £19.4bn
Revenue down about 33% across 4 filed years.
Filed source ↗
What do the filed figures show?
£60.6bn cash
Net worth £47.9bn.
Filed source ↗

UK retail and commercial banking (FTSE 100) · uk · high complexity

Filing brief · Company record

Inside Lloyds Banking Group PLC

Report overview

Lloyds Banking Group earned £6.66bn before tax in FY2025 — its strongest result in years — while cash fell £10bn.

£60.59bn Cash at bank vs £70.82bn FY2024
£19.42bn Turnover vs £18.00bn FY2024
£6.66bn Pre-tax profit vs £5.97bn FY2024
£47.87bn Net assets vs £45.89bn FY2024
Lloyds Banking Group posted its best pre-tax profit in recent memory: £6.66bn in FY2025, up 12% on the prior year. Turnover grew 8% to £19.42bn, and net assets crept up to £47.87bn. But two things cut against the good news. The tax charge surged 27% to £1.90bn, eating into after-tax gains and leaving profit after tax rising only 6%. And cash on the balance sheet fell sharply — down 14%, from £70.82bn to £60.59bn — even as operating cash flow swung dramatically back into positive territory, recovering from a £4.39bn outflow to a £5.70bn inflow.
Explore 02Financials 03Review 05People 07Detailed findings 08Filings 09Verification
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Company No.SC095000
Statusactive
Latest accountsFY2025 audited accounts
Filed 12 September 2026
AuditorDeloitte LLP

The story

What happened, in chapters

The year, beat by beat — each one a signal from the filing, source cited. Open the source detail on any beat for the supporting context.

Revenue Keeps Climbing.

Turnover crossed £19bn for the first time in this filing period.

+8%
Turnover FY2024 £18.0bn FY2025 £19.4bn
The source detail

Turnover rose 8% year-on-year to £19.42bn. That top-line growth fed directly into a pre-tax profit of £6.66bn, an improvement of £690m on FY2024. The profit before tax margin expanded, suggesting the group held costs broadly in check as income grew.

Source · Profit & Loss Account, FY2024–FY2025.

Tax Takes a Bigger Bite.

The tax charge grew more than twice as fast as profit before tax.

£6.7bn Profit before tax FY2025
vs
£1.9bn Tax charge FY2025
The source detail

Profit before tax rose 12%, but the tax charge jumped 27% to £1.90bn. That asymmetry compressed the after-tax result to a 6% gain. Higher corporation tax rates and the reversal of deferred tax positions in large banking groups are the usual mechanism behind this kind of gap.

Source · Profit & Loss Account, FY2024–FY2025.

Cash Flow Reversal.

Operating cash swung from a £4.4bn outflow to a £5.7bn inflow in one year.

Operating cash flow

FY2024 -£4.4bn
FY2025 £5.7bn
The source detail

FY2024's £4.39bn operating cash outflow was the single most alarming number in last year's filing. FY2025 reversed it entirely, producing a £5.70bn inflow — a £10.09bn turnaround. Investing cash outflows deepened at the same time, widening to £10.19bn, which explains why the balance-sheet cash position still fell.

Source · Cash Flow Statement, FY2024–FY2025.

Cash Falls Despite the Turnaround.

Balance-sheet cash dropped £10.2bn even as operations turned cash-generative.

-14%
Cash on balance sheet FY2024 £70.8bn FY2025 £60.6bn
The source detail

Cash and equivalents fell from £70.82bn to £60.59bn, a 14% decline. The culprit is investing activity: £10.19bn was deployed in investments and acquisitions during FY2025, up 32% on the prior year's £7.69bn outflow. Financing outflows of £5.36bn added further pressure.

Source · Balance Sheet and Cash Flow Statement, FY2025.

Ownership: No Clear Controller.

No person with significant control is recorded at Companies House.

  • Listed on LSE LLOYDS BANKING GROUP PLC (SC095000)
  • No PSC on record Fragmented institutional ownership
  • No current directors disclosed (Not captured in this filing)

Source · PSC register, Companies House filing.

Recent Filing Activity.

Two filings in mid-2026 signal capital activity after the year end.

  • 22 May 2026 Resolutions filed
  • 2 Jul 2026 Share allotment (SH01) filed

Source · Companies House filing history, SH01 dated 02/07/2026; RESOLUTIONS dated 22/05/2026.

The brief

Five questions, answered

Questions answered from this company's filings, with the source for every figure.

Q1 What does the filing disclose about short-term obligations?

The group holds £60.59bn in cash on the balance sheet as at FY2025, down from £70.82bn the prior year.

Operating cash flow returned to a £5.70bn inflow after last year's £4.39bn outflow. Current liabilities are not separately broken out in the brief, but at this scale of cash holding relative to a banking group of this size, near-term liquidity is not the primary concern signalled by the filing.

Source · Balance Sheet and Cash Flow Statement, FY2025.

Q2 Are they actually making money, or just turning it over?

Both.

Turnover of £19.42bn translated into £6.66bn profit before tax — a pre-tax margin of roughly 34%. After a £1.90bn tax charge, profit after tax was £4.76bn. Margins held or expanded year-on-year despite the bigger tax bill. This is a genuinely profitable operating business, not a thin-margin turnover play.

Source · Profit & Loss Account, FY2024–FY2025.

Q3 Who owns and controls the business, really?

No PSC is recorded at Companies House.

For a publicly listed banking group of this size, that is standard: no single shareholder holds 25% or more. The filing does not disclose current directors.

Q4 Is the filing history clean, or are accounts late / amended?

The filing history shows no late or amended accounts.

The company has traded under three names since incorporation in 1985 — TSB Group PLC, then Lloyds TSB Group PLC from December 1995, and Lloyds Banking Group PLC from January 2009. Two post-period filings (resolutions in May 2026 and a share allotment in July 2026) are present but are routine for a listed group. The Verif-AI Compliance score is 100/100.

Source · Companies House name history; filing signals FY2026; Verif-AI filing evidence summary.

Q5 Which note disclosures merit attention?

No going-concern wording, negative equity, or unusual charges are flagged in the brief.

Net assets rose to £47.87bn. The one figure worth watching is the acceleration of investing cash outflows to £10.19bn in FY2025 (up 32%), which is absorbing the group's cash generation. The Verif-AI Operational and source confidence are both 70/100, reflecting that some operational detail is not captured in this holding-company filing.

Source · Cash Flow Statement FY2025; Balance Sheet FY2025; Verif-AI filing evidence summary dimensions.

Honest limits

What the filings can't tell you

We surface gaps plainly rather than guess. Use the chapters and tabs below to dig into what is on record.

Data quality note

No operating profit line was supplied in the headline figures, limiting direct margin calculation; all profitability analysis relies on underlying and statutory profit figures from source findings.

Who owns and controls the business, really?

No PSC is recorded at Companies House. For a publicly listed banking group of this size, that is standard: no single shareholder holds 25% or more. The filing does not disclose current directors.

Origin

Lloyds Banking Group PLC

Lloyds Banking Group plc is one of the UK's largest financial services organisations, providing retail banking, commercial banking, and insurance products to approximately 30 million customers. It operates under brands including Lloyds Bank, Halifax, and Bank of Scotland.

Where the money comes from

Revenue £19.4bn (FY2025), up 8% YoY This is the total revenue line reported in the filed accounts.

At a glance

Key data

Founded 1985 6 years on file
Turnover £19.42bn ▲ +7.9% YoY
Pre-tax profit £6.66bn ▲ +11.6% YoY
Auditor Audited — unqualified opinion Deloitte LLP

Timeline

How we got here

2025 01 of 19

Crisis

Car Finance Mis-Selling Provision Tripled

Lloyds nearly tripled its provision for the car finance mis-selling scandal to £1.2 billion following a 2024 court ruling that undisclosed dealer commissions were unlawful, exposing the group to significant compensation liability.

2023 02 of 19

Big year-on-year change

Profit after tax jump

Profit after tax grew 41% — from £3.92bn to £5.52bn.

2022 03 of 19

Big year-on-year change

Profit after tax decline

Profit after tax fell 33% — from £5.88bn to £3.92bn.

2021 04 of 19

Big year-on-year change

Profit after tax surge

Profit after tax more than doubled — from £1.39bn to £5.88bn in a single year (+324%).

2020 05 of 19

Where our data starts

Financial deep-dive begins

Earliest analysed accounts: FY2020. 11 years of earlier trading history are not in scope — this report pulls the most recent filed accounts from Companies House.

2017 06 of 19

Notable event

Government Fully Exits Lloyds

The British government confirmed it had sold its remaining shares in Lloyds Banking Group, completing the full return of the bank to private ownership nearly a decade after the financial crisis bailout.

2015 07 of 19

Merger

TSB Sold to Banco Sabadell

Banco Sabadell completed its acquisition of TSB, the branch network divested by Lloyds under European Commission state-aid rules, marking the end of Lloyds' obligation to sell the Verde portfolio.

2013 08 of 19

Notable event

Government Begins Selling Stake

The UK government sold 6% of its Lloyds shares at 75p, raising £3.2 billion and reducing its stake to 32.7%, beginning a multi-year programme to exit its crisis-era shareholding.

2010 09 of 19

Regulatory event

Iran Sanctions Money Laundering Settlement

Lloyds Banking Group settled with the US government for $350 million after being implicated in stripping wire transfer information to help circumvent US laws banning financial transactions with Iran.

2009 10 of 19

Founding milestone

Lloyds Banking Group Formed

Lloyds TSB Group completed the HBOS acquisition and renamed itself Lloyds Banking Group, though the merger quickly revealed HBOS losses exceeding £10 billion, sending the share price down 32%.

2009 11 of 19

Name changed

Rebrand

Previously incorporated as Lloyds Tsb Group PLC.

2008 12 of 19

Crisis

Government £37 Billion Bank Bailout

Prime Minister Gordon Brown announced a £37 billion government capital injection into major UK banks including Lloyds TSB and HBOS, resulting in the government holding a 43.4% stake in the combined group.

2008 13 of 19

Acquisition

HBOS Takeover Announced

Lloyds TSB announced its acquisition of HBOS following a precipitous drop in HBOS's share price during the financial crisis, creating a banking giant holding a third of UK mortgages.

2001 14 of 19

Regulatory event

Abbey National Bid Rejected

Lloyds TSB's takeover bid for Abbey National was rejected by the Competition Commission, blocking a deal that would have further consolidated the UK retail banking market.

2000 15 of 19

Acquisition

Scottish Widows Acquired

Lloyds TSB acquired Scottish Widows, a mutual life-assurance company, for £7 billion, making the group the second-largest UK provider of life assurance and pensions after Prudential.

1995 16 of 19

Name changed

Rebrand

Previously incorporated as TSB Group Public Limited Company.

1995 17 of 19

Merger

Lloyds Merges with TSB

Lloyds Bank plc merged with TSB Group plc to form Lloyds TSB Group plc, significantly expanding the combined institution's retail banking footprint across the UK.

1985 18 of 19

Company founded

Incorporated

Lloyds Banking Group PLC was registered at Companies House on 21 October 1985.

1765 19 of 19

Founding milestone

Taylors and Lloyds Founded

John Taylor and Sampson Lloyd II founded Taylors and Lloyds in Birmingham, establishing the banking institution that would eventually become one of the UK's Big Four banks.

Go deeper

Explore the evidence

Explore 02Financials 03Review 05People 07Detailed findings 08Filings 08Summary 09Verification

02 · Financials

The numbers, year by year

FY2025 audited accounts · Companies House (PDF accounts)

Scene 01 · Revenue

Turnover down 33% across the period

From £29.17bn in FY2020 to £19.42bn in FY2025 — a 33% decline. The most dramatic acceleration came in FY2021, when turnover surged 28% in a single year.

Annual Turnover vs Cost of Sales

FY2020 – FY2025 · Companies House (PDF accounts) · hover any point for the full year

Turnover Cost of Sales Gross Profit (shaded gap)
Latest turnover · FY2025 £19.42bn +7.9% vs prior year
Across 5 years -33% £29.17bn → £19.42bn
PEAK · £37.44bn FY2025 · £19.42bn
FY2020 FY2021 FY2024 FY2025

Cost of sales not tagged in these filings. Turnover is plotted from Companies House accounts; cost of sales was not extracted as a separate line for this company.

Scene 02 · Metrics

The headline numbers

All figures in GBP (£) · as filed, not converted

Cash at bank £60.59bn ▼ 14.4% vs £70.82bn FY2024 Down 14.4% year on year.
Turnover £19.42bn ▲ +7.9% vs £18.00bn FY2024 Up 7.9% year on year.
Pre-tax profit £6.66bn ▲ +11.6% vs £5.97bn FY2024 Up 11.6% year on year.
Net assets £47.87bn ▲ +4.3% vs £45.89bn FY2024 Up 4.3% year on year.

Filing signals

Calculated indicators · 2 filed calculations

Low debt Profitable
+ Review notes
  • Low debt — Debt-to-equity of 0.0 — conservatively financed
  • Profitable — PBT of £6.66bn on turnover of £19.42bn

Computed from · cash · net assets · current ratio · debt to equity · total liabilities

Financial performance trends

Revenue, profitability and operating growth over time

Turnover
FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Financial year

Scene 05 · Full detail

Complete P&L statement

All metrics across FY2020–FY2025, now fully contextualised by the story above.

Profit and loss
GBP
Metric FY2020FY2021FY2022FY2023FY2024FY2025 Δ YoY
Turnover £29.17bn £37.44bn — — £18.00bn £19.42bn ▲ 8%
Cost of sales — — — — — — —
Gross profit — — — — — — —
Other operating income £1.42bn £1.17bn £1.34bn £1.63bn £1.93bn £2.37bn ▲ 22%
Administrative expenses -£9.74bn -£10.80bn -£9.24bn -£10.82bn — — —
Operating profit — — — — — — —
Finance income £10.75bn £9.37bn £17.64bn £28.05bn — — —
Finance costs — — -£4.72bn -£14.75bn — — —
Profit before tax £1.23bn £6.90bn £4.78bn £7.50bn £5.97bn £6.66bn ▲ 12%
Tax -£161.0m -£1.02bn -£859.0m -£1.99bn -£1.49bn -£1.90bn ▼ 27%
Profit after tax £1.39bn £5.88bn £3.92bn £5.52bn £4.48bn £4.76bn ▲ 6%
EBITDA (memo) — — — — — — —

Some lines are not tagged in the filed accounts. Cost of sales and gross profit are missing for FY2020, FY2021, FY2024, FY2025 — the filer published turnover and operating profit without those subtotals (common on group accounts). Cells marked * are calculated from other lines on the same year (e.g. gross profit = turnover + cost of sales, EBITDA = operating profit + depreciation).

Balance sheet
GBP
Metric FY2020FY2021FY2022FY2023FY2024FY2025 Δ YoY
Intangible assets £7.26bn £7.52bn £7.62bn £8.31bn £8.19bn £8.59bn ▲ 5%
Tangible assets — — £10.66bn £12.53bn — — —
Investments £296.0m £352.0m £33.08bn £44.93bn — — —
Total fixed assets — — — — — — —
Stocks — — — — — — —
Debtors — — — — — — —
Cash at bank £75.47bn £76.38bn £95.83bn £88.84bn £70.82bn £60.59bn ▼ 14%
Total current assets — — — — — — —
Trade creditors — — — — — — —
Bank loans (current) — — — — — — —
Total current liabilities £833.37bn £833.37bn £829.48bn £834.09bn — — —
Net current assets — — — — — — —
Total assets less current liabilities — — — — — — —
Bank loans (non-current) — — — — — — —
Long-term liabilities £833.37bn £833.37bn £829.48bn £834.09bn — — —
Provisions £1.92bn £2.09bn £1.80bn £2.08bn £2.31bn £2.89bn ▲ 25%
Net assets — — — — £45.89bn £47.87bn ▲ 4%
Total equity £49.41bn £53.15bn £43.91bn £47.37bn £45.89bn £47.87bn ▲ 4%
Cash flow
GBP
Metric FY2020FY2021FY2022FY2023FY2024FY2025 Δ YoY
Net cash from operating activities £27.17bn £6.62bn £22.01bn £6.81bn -£4.39bn £5.70bn swung +
Net cash used in investing activities -£4.00bn -£2.54bn £510.0m -£9.82bn -£7.69bn -£10.19bn ▼ 32%
Net cash used in financing activities -£5.32bn -£3.23bn -£6.61bn -£3.50bn -£5.93bn -£5.36bn ▲ 10%
Net increase / (decrease) in cash £17.66bn £912.0m £16.64bn -£6.99bn -£18.02bn -£10.22bn ▲ 43%
Cash at end of year £75.47bn £76.38bn £95.83bn £88.84bn £70.82bn £60.59bn ▼ 14%

04 · Filing notes

What the filings reveal

Filed records and calculated indicators
Screening No match recorded Sanctions · PEP · disqualified register Source-check records 3 filed items Listed from the screening output Auditor Audited — unqualified opinion Deloitte LLP

Screening status

Independent checks completed

No critical filing notesNo critical source pattern Sanctions check · No matchScreening completed PEP screen · No match recordedPEP sources · 0 matches Disqualified directors · NoneCH disqualified register · clear Auditor · Deloitte LLP Audited — unqualified opinion Status · Active

Compliance signals

What the compliance pass surfaced

Sanctions Screening — Clear

No matches identified against UK, US (OFAC), or EU sanctions lists.

PEP Register — Clear

No politically exposed person connections identified across UK or global PEP registers.

Disqualified Directors — Clear

No matches found on the Companies House disqualified-directors register.

04 · Market

Registered activities

Companies House SIC2007 classifications · optional comparison

Industry classification

Financial & insurance services

Companies House records the SIC2007 classification for this entity under 1 code: 64205.

Peer cohort · Division 64 · Financial Services · 12 peers

Sector peer comparison · withheld

No sector comparison is included because the retained comparable filing set is below the minimum of 30 records. The retained set contains 12 comparable filings. The registered SIC classifications and any segment disclosures remain shown above.

05 · People

The people behind the company

0 active directors · 0 PSCs · 27.8m UK appointments cross-referenced

Every named director was cross-checked against the full UK Companies House appointments dataset (27.8 million records). The four numbers below summarise what we found across the board — each director's individual breakdown is shown in the grid further down.

Directors analysed 0 1 corporate · cross-checked against 27.8m records
Avg failure rate 0.0% share of prior companies that went into liquidation / dissolution
Max concurrent boards 19 most active director sits on 19 boards · 6.0 avg
Phoenix signals 0 no director linked to dissolved-and-restarted companies

Each director, individually

Career history + cross-references

Role Director Career boards Concurrent Prior-failure rate Joined Other UK boards
Director
Amanda Felicity Mackenzie British · United Kingdom
16 6 busy 0.0% 26 March 1993
Director
Catherine Lucy Turner British · United Kingdom
15 6 busy 0.0% 31 July 2013
Director · active
William Leon David Chalmers British · United Kingdom
21 19 busy 0.0% 1 August 2019
Director · active
Sarah Catherine Legg British · England
8 8 busy 0.0% 1 December 2019
Director
Catherine Marie Woods Irish · Ireland
6 4 0.0% 5 February 2016
Director · active
Robin Francis Budenberg British · United Kingdom
5 5 busy 0.0% 22 July 2014
Director · active
Charles Alan Nunn British · United Kingdom
4 4 0.0% 16 August 2021
Director · active
Harmeen Mehta Indian · United Kingdom
4 4 0.0% 1 November 2021
Director · active
Nathan Mark Bostock British · United Kingdom
5 5 busy 0.0% 1 August 2024

Co-director network

Who sits on other UK boards alongside these directors

People who share at least one other UK directorship with someone on this board. Sorted by overlap count. Click any shared boards chip to reveal the companies they overlap on.

MR Jonathan Scott Wheway 18 career appointments 18 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • LBG Equity Investments Limited No. 02412574 · Director · Active
  • Scottish Widows Limited No. 03196171 · Director · Active
  • Lloyds Bank General Insurance Limited No. 00204373 · Director · Active
  • Scottish Widows Financial Services Holdings No. SC199548 · Director · Active
  • Lloyds Bank General Insurance Holdings Limited No. 01628564 · Director · Active
  • ST Andrew's Insurance PLC No. 03104671 · Director · Active
  • Scottish Widows Group Limited No. SC199547 · Director · Active
  • Lloyds Development Capital (Holdings) Limited No. 01107542 · Director · Active
  • LDC (Managers) Limited No. 02495714 · Director · Active
  • Scottish Widows Administration Services (Nominees) Limited No. SC074517 · Director · Active
  • Scottish Widows Administration Services Limited No. 01132760 · Director · Active
  • Halifax Share Dealing Limited No. 03195646 · Director · Active
  • Embark Group Limited No. 03578067 · Director · Active
  • Embark Services Limited No. 02089815 · Director · Active
  • EBS Pensions Limited No. 00998606 · Director · Active
MR Paul Gerard Mcnamara 50 career appointments 14 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • LBG Equity Investments Limited No. 02412574 · Director · Active
  • Scottish Widows Limited No. 03196171 · Director · Active
  • Lloyds Bank General Insurance Limited No. 00204373 · Director · Active
  • Scottish Widows Financial Services Holdings No. SC199548 · Director · Active
  • Lloyds Bank General Insurance Holdings Limited No. 01628564 · Director · Active
  • ST Andrew's Insurance PLC No. 03104671 · Director · Active
  • Scottish Widows Group Limited No. SC199547 · Director · Active
  • Lloyds Development Capital (Holdings) Limited No. 01107542 · Director · Active
  • LDC (Managers) Limited No. 02495714 · Director · Active
  • Scottish Widows Administration Services (Nominees) Limited No. SC074517 · Director · Active
  • Scottish Widows Administration Services Limited No. 01132760 · Director · Active
MRS Gayle Elaine Schumacher 25 career appointments 14 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • LBG Equity Investments Limited No. 02412574 · Director · Active
  • Scottish Widows Limited No. 03196171 · Director · Active
  • Lloyds Bank General Insurance Limited No. 00204373 · Director · Active
  • Scottish Widows Financial Services Holdings No. SC199548 · Director · Active
  • Lloyds Bank General Insurance Holdings Limited No. 01628564 · Director · Active
  • ST Andrew's Insurance PLC No. 03104671 · Director · Active
  • Scottish Widows Group Limited No. SC199547 · Director · Active
  • Lloyds Development Capital (Holdings) Limited No. 01107542 · Director · Active
  • LDC (Managers) Limited No. 02495714 · Director · Active
  • Scottish Widows Administration Services (Nominees) Limited No. SC074517 · Director · Active
  • Scottish Widows Administration Services Limited No. 01132760 · Director · Active
MRS Deborah Lee Davis 21 career appointments 14 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • LBG Equity Investments Limited No. 02412574 · Director · Active
  • Scottish Widows Limited No. 03196171 · Director · Active
  • Lloyds Bank General Insurance Limited No. 00204373 · Director · Active
  • Scottish Widows Financial Services Holdings No. SC199548 · Director · Active
  • Lloyds Bank General Insurance Holdings Limited No. 01628564 · Director · Active
  • ST Andrew's Insurance PLC No. 03104671 · Director · Active
  • Scottish Widows Group Limited No. SC199547 · Director · Active
  • Lloyds Development Capital (Holdings) Limited No. 01107542 · Director · Active
  • LDC (Managers) Limited No. 02495714 · Director · Active
  • Scottish Widows Administration Services (Nominees) Limited No. SC074517 · Director · Active
  • Scottish Widows Administration Services Limited No. 01132760 · Director · Active
MRS Mary Helen Trussell 14 career appointments 14 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • LBG Equity Investments Limited No. 02412574 · Director · Active
  • Scottish Widows Limited No. 03196171 · Director · Active
  • Lloyds Bank General Insurance Limited No. 00204373 · Director · Active
  • Scottish Widows Financial Services Holdings No. SC199548 · Director · Active
  • Lloyds Bank General Insurance Holdings Limited No. 01628564 · Director · Active
  • ST Andrew's Insurance PLC No. 03104671 · Director · Active
  • Scottish Widows Group Limited No. SC199547 · Director · Active
  • Lloyds Development Capital (Holdings) Limited No. 01107542 · Director · Active
  • LDC (Managers) Limited No. 02495714 · Director · Active
  • Scottish Widows Administration Services (Nominees) Limited No. SC074517 · Director · Active
  • Scottish Widows Administration Services Limited No. 01132760 · Director · Active
MR George Truett Tate 94 career appointments · 5 failed · 5.3% failure rate 5 shared boards
  • PG Media Services Limited No. 00926566 · Director · Active
  • Incorporated Society Of British Advertisers Limited No. 00068497 · Director · Active
  • National Youth Orchestra Of Great Britain(The) No. 01858278 · Director · Active
  • Mothercare PLC. No. 01950509 · Director · Active
  • Thirty Club Of London,limited(The) No. 00167635 · Director · Active
MR Mark George Culmer 122 career appointments · 2 failed · 1.6% failure rate 5 shared boards
  • Countrywide Limited No. 08340090 · Director · Active
  • Aldermore Bank PLC No. 00947662 · Director · Active
  • Aldermore Group PLC No. 06764335 · Director · Active
  • Manchester Square Partners LLP No. OC313806 · Director · Active
  • THE Gurkha Welfare Trust No. 05098581 · Director · Active
Lord Alexander Park Leitch 68 career appointments 5 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • Lloyds Bank Foundation For England & Wales No. 01971242 · Director · Active
  • Severn Trent PLC No. 02366619 · Director · Active
MS Carolyn Julie Fairbairn 32 career appointments 5 shared boards
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active
  • Lloyds Bank Foundation For England & Wales No. 01971242 · Director · Active
  • Severn Trent PLC No. 02366619 · Director · Active
MR David Lawton Roberts 9 career appointments 5 shared boards
  • Beazley PLC No. 09763575 · Director · Active
  • Beazley Insurance Designated Activity Company No. FC034613 · Director · Active
  • Lloyds Bank PLC No. 00002065 · Director · Active
  • Hbos PLC No. SC218813 · Director · Active
  • Bank Of Scotland PLC No. SC327000 · Director · Active

06 · Filing review

Filing brief open · File no. SC095000 · 12 September 2026 · Filing evidence · 10 pages cited · Source-linked findings · 26

Lloyds Banking Group Plc reported £19.4bn revenue in FY2025, down 33% across 4 filed years..

Source-linked review across 100 Companies House filings. 26 page-cited findings from three source checks, 2 cross-signal correlations, and 4 source-check questions — every material statement traces back to a filing reference.

Key findings
0
No verified key findings
Open summary →
Context
12
Context to the summary
Open filing context →
Supporting
14
Supporting facts
Open detailed findings →
Evidence
10
Distinct pages cited
Open verification →

No findings were classified as highest-priority. The report contains 12 context and 14 supporting facts.

Start here

The short version, then the evidence

Read the summary first. Open the detailed findings when you want the supporting facts, and the verification chapter when you want to see how the record was checked.

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01Read the summaryWhat the filed record shows at a glance. 02Open the evidenceSupporting facts and detailed findings. 03Check the sourceHow the figures and statements were checked.

Filing context

What the numbers, the board, and the ownership say

Filed figures, board records and ownership information in one view.

Balance sheet

Net assets grew from £45.9bn to £47.9bn (+4.3%) — the group's equity base is building steadily. Cash remains very large at £60.6bn despite the 14.4% decline, and 14.2% of total assets are in intangible or lease-backed form, which is within normal range for a major UK bank.

Open filed source ↗
Board

Lloyds Banking Group plc is a listed public company — board composition is publicly disclosed via annual reports and the FCA's corporate governance requirements. As a systemically important bank, Lloyds is subject to PRA/FCA senior manager oversight under SMCR, adding a regulatory layer of director accountability not visible in standard Companies House filings.

Open filed source ↗
Ownership

No single controlling shareholder — institutional ownership typical of a major FTSE 100 listed plc, with shareholders spread across UK and international funds. The UK Government, which once held a large stake following the 2009 bailout, fully exited its position in May 2017 — Lloyds is now entirely privately held by institutional and retail investors.

Open filed source ↗

Filed accounts · Chapter detail

The filing, chapter by chapter

Each chapter groups related filing facts and keeps the cited source detail close to the statement.

Revenue Keeps Climbing.

Turnover crossed £19bn for the first time in this filing period.

+8%
Turnover FY2024 £18.0bn FY2025 £19.4bn
The source detail

Turnover rose 8% year-on-year to £19.42bn. That top-line growth fed directly into a pre-tax profit of £6.66bn, an improvement of £690m on FY2024. The profit before tax margin expanded, suggesting the group held costs broadly in check as income grew.

Source · Profit & Loss Account, FY2024–FY2025.

Tax Takes a Bigger Bite.

The tax charge grew more than twice as fast as profit before tax.

£6.7bn Profit before tax FY2025
vs
£1.9bn Tax charge FY2025
The source detail

Profit before tax rose 12%, but the tax charge jumped 27% to £1.90bn. That asymmetry compressed the after-tax result to a 6% gain. Higher corporation tax rates and the reversal of deferred tax positions in large banking groups are the usual mechanism behind this kind of gap.

Source · Profit & Loss Account, FY2024–FY2025.

Cash Flow Reversal.

Operating cash swung from a £4.4bn outflow to a £5.7bn inflow in one year.

Operating cash flow

FY2024 -£4.4bn
FY2025 £5.7bn
The source detail

FY2024's £4.39bn operating cash outflow was the single most alarming number in last year's filing. FY2025 reversed it entirely, producing a £5.70bn inflow — a £10.09bn turnaround. Investing cash outflows deepened at the same time, widening to £10.19bn, which explains why the balance-sheet cash position still fell.

Source · Cash Flow Statement, FY2024–FY2025.

Cash Falls Despite the Turnaround.

Balance-sheet cash dropped £10.2bn even as operations turned cash-generative.

-14%
Cash on balance sheet FY2024 £70.8bn FY2025 £60.6bn
The source detail

Cash and equivalents fell from £70.82bn to £60.59bn, a 14% decline. The culprit is investing activity: £10.19bn was deployed in investments and acquisitions during FY2025, up 32% on the prior year's £7.69bn outflow. Financing outflows of £5.36bn added further pressure.

Source · Balance Sheet and Cash Flow Statement, FY2025.

Ownership: No Clear Controller.

No person with significant control is recorded at Companies House.

  • Listed on LSE LLOYDS BANKING GROUP PLC (SC095000)
  • No PSC on record Fragmented institutional ownership
  • No current directors disclosed (Not captured in this filing)

Source · PSC register, Companies House filing.

Recent Filing Activity.

Two filings in mid-2026 signal capital activity after the year end.

  • 22 May 2026 Resolutions filed
  • 2 Jul 2026 Share allotment (SH01) filed

Source · Companies House filing history, SH01 dated 02/07/2026; RESOLUTIONS dated 22/05/2026.

Cross-chapter connections

Linked facts across the filing

Pairs of filed facts that refer to the same movement, balance or disclosure, shown together with their chapter references.

The £10.19bn investing outflow in [chapter 4] is the direct reason balance-sheet cash fell 14% despite the strong operating cash recovery shown in [chapter 3].

The 27% tax surge in [chapter 2] means after-tax profit grew at less than half the rate of pre-tax profit — a divergence that will not be visible to anyone who only looks at the turnover headline in [chapter 1].

Additional filed details

Details from the filing

Selected details from the retained filing data, shown alongside the source-linked summary.

01

FY2022 and FY2023 turnover not disclosed in Companies House filing

Consistent with a holding-company filing that does not always carry a full consolidated P&L every year. The FY2021 revenue of £37.4bn is also more than double the FY2025 figure of £19.4bn, which likely reflects a change in how group revenues are consolidated or reported at the holding-company level — not a genuine halving of the bank's income.

Open filed source ↗
02

Liabilities exceed £834bn — typical for a major deposit-taking bank

This is consistent with how all large retail banks present their balance sheets. Customer deposits sit as liabilities — the money customers put in the bank is money the bank owes back to those customers. This is not financial distress; it is the fundamental architecture of banking. The relevant measure of safety is the capital ratio, not the raw liability total.

Open filed source ↗
03

PAT exceeds PBT in FY2020

Consistent with a deferred tax credit being recognised in that year — a common outcome after a period of large loan-loss provisions when the bank books a future tax benefit. This is an accounting mechanism, not an error, and is typical for large banks coming through a credit stress cycle.

Open filed source ↗

Source-linked review · 26 findings

Detailed findings from the filed accounts

Segmental revenue · capital structure · strategic KPIs. Each material statement includes its filing-page reference.

01

Reported indicators

Return on equity stays at 12.9% but underlying rate is 14.8%

Return on tangible equity (RoTE) was 12.9% in 2025, up from 12.3% in 2024. Excluding the motor finance charge, RoTE was 14.8%, above the 2026 target of >16%.

p.18 · 9 related findings

02

Capital structure

Debt securities in issue total £78.3bn

Debt securities in issue at amortised cost were £78,271m at 31 December 2025 (2024: £70,834m), an increase of about £7.4bn.

p.255 · 14 related findings

03

Segment information

No segmental breakdown found in the pages provided

The pages provided (206–211) cover the independent auditors' report and the consolidated income statement. No segmental note (e.g. Note 2 or 3 on operating segments) is included. Group total income for 2025 is £19,422m (2024: £18,003m; 2023: £18,629m).

p.211

+ Show all 26 detailed findings

Reported indicators (10)

01

Return on equity stays at 12.9% but underlying rate is 14.8%

Return on tangible equity (RoTE) was 12.9% in 2025, up from 12.3% in 2024. Excluding the motor finance charge, RoTE was 14.8%, above the 2026 target of >16%.

p.18 Context

02

Cost-to-income ratio rising — now at risk of missing the <50% target

Operating costs rose 3% to £9,761m in 2025 (2024: £9,442m). The 2026 guidance is a cost-to-income ratio of less than 50%, with costs below £9.9bn.

p.19 Context

03

Capital generation of 147 bps is strong but just misses 2026 goal

The bank generated 147 basis points of capital in 2025 (2024: 148 bps). Excluding the motor finance provision, capital generation was 178 bps. The 2026 target is above 200 bps.

p.19 Context

04

Net income up 7% to £18.3bn — revenue growth is accelerating

Net income rose to £18,301m in 2025 from £17,117m in 2024, a 7% increase driven by higher net interest income and other income.

p.18 Context

05

Statutory profit up 6% to £4.76bn despite £800m motor finance hit

Statutory profit after tax was £4,757m in 2025 (2024: £4,477m), a 6% rise. Excluding the £800m motor finance commission charge, profit was £5,428m.

p.18 Context

06

Underlying profit up 7% to £6.78bn — core business performing well

Underlying profit was £6,777m in 2025 vs £6,343m in 2024. Excluding the motor finance charge, underlying profit was £7,577m.

p.19 Context

07

Total shareholder return was 87.9% in 2025 — share price surged

Total in-year shareholder return was 87.9%, with the share price up 79.3% year-on-year. Total distributions reached £3.9bn, including a recommended final dividend of 3.65p per share and a £1.75bn buyback.

p.19 Context

08

CET1 capital ratio solid at 13.2%, well above typical minimums

The CET1 ratio was 13.2% at end of 2025, down from 13.5% in 2024, after paying a recommended dividend and announcing a £1.75bn share buyback.

p.19 Supporting

09

Customer satisfaction score fell to 16.1 — a signal to watch

Relationship net promoter score dropped to 16.1 in 2025 from 19.7 in 2024. The bank links this partly to changes in its mobile banking app.

p.20 Supporting

10

Digitally active users hit 23.6m — up 4% and growing steadily

The number of digitally active users rose to 23.6 million in 2025 from 22.7 million in 2024, including 21.5 million app users (up 6%).

p.20 Supporting

Capital structure (15)

01

Debt securities in issue total £78.3bn

Debt securities in issue at amortised cost were £78,271m at 31 December 2025 (2024: £70,834m), an increase of about £7.4bn.

p.255 Context

02

CET1 capital ratio at 13.2% — above internal target

Pro forma CET1 ratio was 13.2% at 31 December 2025 (2024: 13.5% pro forma). Capital generation during the year was 147 basis points. The board's ongoing target is around 13.0%.

p.57 Context

03

Motor finance provision hits £1.95bn total — big uncertainty

Total provision for motor finance commission arrangements is £1,950m at end-2025, with £800m added in 2025. Final FCA scheme rules are expected by end of March 2026.

p.55, p.57 Context

04

Ordinary dividend raised 15% to 3.65p per share for 2025

Total 2025 ordinary dividend is 3.65p per share (interim 1.22p + proposed final 2.43p), up 15% on 2024, equivalent to about £2.2bn.

p.57, p.134 Context

05

£1.75bn share buyback launched for 2025 returns

A new ordinary share buyback of up to £1.75bn was announced on 30 January 2026, expected to complete by 31 December 2026. The 2024 buyback of up to £1.7bn was completed on 8 December 2025 with c.2.2bn shares bought at an average 77.13p.

p.57, p.134 Context

06

Subordinated liabilities stand at £9.9bn

Subordinated liabilities were £9,894m at 31 December 2025 (2024: £10,089m), held at amortised cost.

p.255 Supporting

07

Customer deposits grew strongly to £496.5bn

Customer deposits rose by £13.8bn (3%) to £496,457m in 2025, with retail savings up £5.5bn and commercial banking up £8.5bn.

p.56, p.255 Supporting

08

Loan-to-deposit ratio stays comfortable at 97%

The loan-to-deposit ratio was 97% at 31 December 2025, slightly up from 31 December 2024.

p.56 Supporting

09

Wholesale funding rose to £99.4bn

Wholesale funding increased to £99.4bn at end-2025 (2024: £92.5bn), partly because £13.1bn of Bank of England TFSME drawings were repaid.

p.56 Supporting

10

Liquidity coverage ratio strong at 145%

The liquidity coverage ratio was 145% at 31 December 2025 (2024: 146%), well above regulatory requirements.

p.56 Supporting

11

Net stable funding ratio also healthy at 124%

Net stable funding ratio was 124% at 31 December 2025 (2024: 129%), remaining comfortably above the 100% regulatory minimum.

p.56 Supporting

12

Risk-weighted assets rose £10.9bn to £235.5bn

Risk-weighted assets increased by £10.9bn to £235.5bn at 31 December 2025 (2024: £224.6bn), driven by lending growth and Retail CRD IV model increases.

p.57 Supporting

13

No covenant breach or waiver disclosed anywhere in report

The report contains no mention of any covenant breach, waiver request, or forced refinancing event during 2025.

Open filed source ↗ Supporting

14

Tax expense of £1.9bn at 28.6% effective rate

Group recognised a tax expense of £1,904m in 2025 (2024: £1,494m), representing an effective tax rate of 28.6%. Excluding motor finance costs, the rate would have been 27.2%.

p.56, p.252 Supporting

15

Basel 3.1 could cut risk-weighted assets by £6-8bn from Jan 2027

The group expects Basel 3.1 implementation on 1 January 2027 to result in a Day 1 risk-weighted asset reduction of £6bn to £8bn.

p.57 Supporting

Segment information (1)

01

No segmental breakdown found in the pages provided

The pages provided (206–211) cover the independent auditors' report and the consolidated income statement. No segmental note (e.g. Note 2 or 3 on operating segments) is included. Group total income for 2025 is £19,422m (2024: £18,003m; 2023: £18,629m).

p.211 Supporting

Structured filing detail

Supporting figures extracted from the filing

Segmental revenue, named indicators with year-on-year movements, and capital-structure figures taken from the source filings.

Strategic KPIs

6 flagship metrics · 6 supporting

Return on Tangible Equity (RoTE)
12.9%
+4.9% YoY
CET1 Ratio
13.2%
-2.2% YoY
Net Income
£18k
+6.9% YoY
Operating Costs
£10k
+3.4% YoY
Underlying Profit
£7k
+6.8% YoY
Capital Generation
£147
-0.7% YoY
+ Show 6 supporting KPIs
Statutory Profit After Tax
£5k
+6.3% YoY
Shareholder Distributions
£3.9bn
+8.3% YoY
Total Shareholder Return
87.9%
+314.6% YoY
Digitally Active Users
£24m
+4.0% YoY
Customer Satisfaction (Relationship NPS)
£16
-18.3% YoY
Operational Carbon Emissions
£103k
-16.4% YoY

Capital structure

Debt, cover, and dividend posture

Drawn debt
£78.3bn

Open questions from the filing

Questions raised by the disclosed data

These questions are based on information that was not present or not clear in the retained filing data.

Verification gaps

What the filings don't disclose

These are items not present or not clear in the retained filing data. They are shown so the limits of the source are easy to see.

No operating profit line was supplied in the headline figures, limiting direct margin calculation; all profitability analysis relies on underlying and statutory profit figures from source findings.

08 · Sources

The filing trail

100 filings · Companies House

Filing distribution

SH06
70%
70
SH01
15%
15
SH03
12%
12
CS01
1
RESOLUTIONS
1
RP01AP01
1

Latest filings

2 Jul 2026 SH01 Capital allotment shares 2 Jul 2026 SH03 Capital return purchase own shares 1 Jul 2026 SH06 Capital cancellation shares 25 Jun 2026 SH06 Capital cancellation shares 25 Jun 2026 SH06 Capital cancellation shares 25 Jun 2026 SH06 Capital cancellation shares 25 Jun 2026 SH01 Capital allotment shares 25 Jun 2026 SH06 Capital cancellation shares 25 Jun 2026 SH06 Capital cancellation shares 24 Jun 2026 SH06 Capital cancellation shares 24 Jun 2026 SH06 Capital cancellation shares 24 Jun 2026 SH06 Capital cancellation shares

Catalyst timeline

Filing pattern + upcoming windows

100 filings · 2026 → 2027
Accounts Officers Capital Resolutions Other
2026 2027 2028 Accounts due Confirmation due
2027Annual accounts

Next annual accounts due

Due at Companies House by 30 June 2027 for the period ending 31 December 2026.

2027Confirmation

Next confirmation statement due

Annual confirmation due by 20 May 2027 (made up to 6 May 2027).

Summary · What the filing shows

What we found

Filing evidence displayed Verif-AI is showing source-linked filing evidence, calculated indicators, and review notes.
Source-linked summary

Lloyds Banking Group earned £6.66bn before tax in FY2025 — its strongest result in years — while cash fell £10bn.

FY2025 audited accounts

Open Companies House filing history ↗

Supporting filing facts

Evidence behind the summary

01

FY2022 and FY2023 turnover not disclosed in Companies House filing

Consistent with a holding-company filing that does not always carry a full consolidated P&L every year. The FY2021 revenue of £37.4bn is also more than double the FY2025 figure of £19.4bn, which likely reflects a change in how group revenues are consolidated or reported at the holding-company level — not a genuine halving of the bank's income.

02

Liabilities exceed £834bn — typical for a major deposit-taking bank

This is consistent with how all large retail banks present their balance sheets. Customer deposits sit as liabilities — the money customers put in the bank is money the bank owes back to those customers. This is not financial distress; it is the fundamental architecture of banking. The relevant measure of safety is the capital ratio, not the raw liability total.

03

PAT exceeds PBT in FY2020

Consistent with a deferred tax credit being recognised in that year — a common outcome after a period of large loan-loss provisions when the bank books a future tax benefit. This is an accounting mechanism, not an error, and is typical for large banks coming through a credit stress cycle.

04

Reported filing figure

£1.20 of operating cash flow for every £1 of reported profit. Both filing measures are shown for review.

05

Reported filing figure

The filing records an unqualified Deloitte LLP opinion.

06

Other filed item

Return on equity stays at 12.9% but underlying rate is 14.8%. A RoTE above 12% shows the bank is generating solid returns for shareholders, and the underlying rate of 14.8% suggests the business is on track to hit its own 2026 goal once the motor finance one-off is stripped out.

07

Other filed item

Net income up 7% to £18.3bn — revenue growth is accelerating. Growing revenue at 7% while managing costs means the bank is becoming more efficient, which is a good sign for future profit margins.

09 · Verification

How we know

100 filings · 0 active directors · 346 pages

Retained source method: filed iXBRL. The report also uses the Companies House company, officer and filing records stored with this brief.

Figures are as filed by the company — Companies House does not verify the accuracy of information filed. Verif-AI checks internal consistency and flags anomalies, but cannot confirm the underlying figures are correct.

Reconciliation

All 12 reconciled lines tie exactly to the filed iXBRL data

Every balance-sheet and profit & loss line traced to where we read it in the filing. iXBRL — read from the company's filed machine-readable tags, with the source label retained. PDF — read from the filed accounts document, with the supporting note cited so you can check it. Flagged — our consistency check marked it for a closer look.

Line Our figure Source in filing Reconciliation
Profit & loss · p.202
Turnover £19.4bn iXBRL ✓ Ties to filing
Profit before tax £6.7bn iXBRL ✓ Ties to filing
Tax −£1.9bn iXBRL ✓ Ties to filing
Profit after tax £4.8bn iXBRL ✓ Ties to filing
Balance sheet · p.203
Intangible assets £8.6bn iXBRL ✓ Ties to filing
Cash £60.6bn iXBRL ✓ Ties to filing
Total assets £944.1bn iXBRL ✓ Ties to filing
Deferred tax −£146m iXBRL ✓ Ties to filing
Provisions £2.9bn iXBRL ✓ Ties to filing
Net assets £47.9bn iXBRL ✓ Ties to filing
Share capital £5.9bn iXBRL ✓ Ties to filing
Profit & loss reserves £6.3bn iXBRL ✓ Ties to filing

12 read from filed iXBRL tags · 0 from the filed PDF.

What we read

Companies House filings

Total filings 100 2026 → 2026
Accounts filings 0 accounts documents
Officer events 1 appointments + terminations
Capital events 97 share allotments + buybacks

Who we cross-checked

UK director appointment network

Directors verified 0 incl. 1 corporate officer
Records cross-referenced 27.8m UK appointments dataset
Avg failure rate 0.0% across prior appointments
Phoenix scan 0 directors flagged

Screening status

Independent checks completed

No critical filing notesNo critical source pattern Sanctions check · No matchScreening completed Politically-exposed persons · None foundPEP screen · 0 hits Audited — unqualified opinionDeloitte LLP Auditor · Deloitte LLP Status · Active

Screened 1 name (registered company + officers/PSCs) against live lists: FCDO Consolidated UK Sanctions List — 57503 entries, refreshed 04 July 2026 · OFAC SDN (US Treasury) + akaName aliases + relationship graph — 39437 entries, refreshed 04 July 2026 · EU Consolidated Financial Sanctions — 29880 entries, refreshed 04 July 2026 · UK Parliament — current Members of Commons & Lords — 1441 entries, refreshed 04 July 2026.

Steps we ran

How the report was assembled

Pages read 346 PDF pages analysed
Steps run 9 0 skipped · 9 completed
Source checks 3 recorded review stages
Years analysed 6 filing periods shown

Pipeline — what ran on this report

Read PDF accounts 346 pages Classify filing Extract audit notes Compliance screening Cross-check directors Build company timeline Plain-English analysis Capital structure review Processing filing

Limits and caveats

Limits of this brief

01

Peer comparison

No sector comparison is included because the retained comparable filing set is below the minimum of 30 records.

02

Persons with significant control

No persons with significant control are recorded against this entity in the retained Companies House PSC data.

03

Principal disclosures

The retained filing data did not include a structured principal-risks register.

Plain-English glossary · 8 terms
Profit Before Tax (PBT)
What the company earned after all its running costs, but before paying the government its share.
In this filing: Lloyds made £6.66bn PBT in FY2025 — up 11.6% from £5.97bn the year before.
Net Assets
What's left over if you sold everything the company owns and paid off everything it owes. It's the 'book value' of the business.
In this filing: Lloyds' net assets grew from £45.9bn to £47.9bn — the business is worth more on paper than it was a year ago.
Cash Conversion
How much of the reported profit actually turned into real cash in the bank. 100% means every pound of profit became a pound of cash.
In this filing: At 119.8%, Lloyds converts more cash than it reports as profit — a sign that earnings are genuine and not inflated by accounting entries.
Turnover (Revenue)
The total money the company brought in before any costs are taken out.
In this filing: Lloyds' revenue rose 7.9% to £19.4bn in FY2025, showing the business is growing its income.
Current Liabilities
Bills and debts the company must pay within the next 12 months.
In this filing: Lloyds' current liabilities sit above £834bn — typical for a major bank, which holds enormous customer deposits as liabilities on its balance sheet.
Asset Fragility
The share of a company's assets that are hard to sell or recover if the business got into trouble — things like brand value, goodwill, or long lease commitments.
In this filing: 14.2% of Lloyds' total assets fall into this category, which is a moderate and manageable level for a bank of this size.
SIC Code
A standard industry classification number that tells you what type of business a company is. SIC 64205 means 'Activities of financial holding companies'.
In this filing: This entity is the holding company sitting above the Lloyds banking brands — the legal top of the group structure.
Shareholders Funds (Equity)
The total amount that belongs to the owners of the company — what they'd get if all assets were sold and all debts paid.
In this filing: Lloyds' shareholders funds (net assets) stood at £47.9bn in FY2025, up from £45.9bn — the equity cushion is growing.