Close Brothers Group plc Overview
Pro stress-test →Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. The company employs 3,700 employees across 50+ UK offices and specializes in providing financial services to small businesses and individuals across multiple segments.
Strategic Profile
Pro stress-test →The company operates through five segments: Commercial, Retail, Property, Asset Management, and Securities, offering debt factoring, invoice discounting, asset-based lending, and financing for SMEs, residential housing, transport, and renewable energy. Recent strategic moves include selling the Asset Management division to Oaktree and acquiring motor finance operations in Ireland, with cost-saving plans and technology investments shaping future growth.
Competitive Landscape
Pro stress-test →Close Brothers operates as a merchant banking company serving small businesses and individuals in the UK, competing with major UK retail banks, specialized lenders like Paragon Banking Group, and newer fintech SME lending platforms. The company's niche focus on specialist lending to underserved segments provides differentiation.
Industry Context
Close Brothers Group plc operates in Specialist Banking & Financial Services.
Key facts
Founded: 1863 · Headquarters: London, United Kingdom · Employees: 3,700 · Revenue: null · Market cap: £746.36m