SCOTTISH WIDOWS SERVICES LIMITED - Profile & Financials

Accounts Submitted 1 Oct 2025

Confirmation Statement Submitted 7 Nov 2025

Net assets £407.29M £17.05M 2023 year on year

Total assets £623.77M £2.61M 2023 year on year

Total Liabilities £216.49M £14.44M 2023 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

The Mound Edinburgh EH1 1YZ United Kingdom

Office (Edinburgh)

69 Morrison St, Edinburgh EH3 1HL

Telephone

0345 300 2244

p4lservicing@scottishwidows.co.uk

Website

scottishwidows.co.uk

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2014–2023)

Cash in Bank

£201.30M

Decreased by £34.45M (-15%)

Net Assets

£407.29M

Decreased by £17.05M (-4%)

Total Liabilities

£216.49M

Increased by £14.44M (+7%)

Turnover

£982.67M

Decreased by £7.95M (-1%)

Employees

1911

Increased by 38 (+2%)

Debt Ratio

35%

Increased by 3 (+9%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

3 active 41 resigned

Show resigned officers

						Status
Donald Mackechnie	Director	British	United Kingdom	53	1 Oct 2020	Active
Karen Joanne Mckay	Secretary	Unknown	Unknown	—	24 Sept 2018	Active
Rachel Anne Messenger	Director	British	United Kingdom	43	31 Dec 2022	Active

Shareholders

Shareholders (2)


Lloyds Bank Plc	100.0%	81,000,000	Ordinary	1 May 2019
Scottish Widows Limited	0.0%	0	Ordinary	1 May 2019

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Lloyds Bank Plc

United Kingdom

Active

Notified 2 May 2018

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Scottish Widows Limited

Ceased 2 May 2018

Ceased

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Group Structure

LLOYDS BANK PLC united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

LLOYDS BANKING GROUP PLC united kingdom

SCOTTISH WIDOWS SERVICES LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
10 Dec 2025	Officers	Change to director Ms Tara Freeman on 2025-11-20	View(2 pages)
1 Dec 2025	Officers	Appointment of Ms Tara Freeman as director on 2025-11-20	View(2 pages)
7 Nov 2025	Confirmation Statement	Confirmation statement made on 2025-11-07 with no updates	View(3 pages)
1 Oct 2025	Accounts	Annual accounts made up to 2024-12-31	View(43 pages)
5 Mar 2025	Confirmation Statement	Confirmation statement made on 2025-03-05 with no updates	View(3 pages)