Close Brothers Group plc (CBGPY) Research
Close Brothers Group plc operates as a prominent merchant bank, delivering a comprehensive array of financial solutions to small and medium-sized enterprises (SMEs) and individuals across the United Kingdom. Its operations are structured into five distinct divisions: Commercial, Retail, Property, Asset Management, and Securities. For depositors, the firm offers a variety of savings instruments, encompassing personal and business savings accounts, as well as pension deposits. Beyond savings, Close Brothers extends a broad suite of credit and lending facilities. This includes asset finance, asset-based lending, commercial vehicle hire, short-term bridging loans, insurance premium funding, invoice discounting, factoring, and property-backed finance. The company further specializes in bespoke financing for niche sectors. It provides capital for general aviation aircraft and diverse marine vessels, alongside offering sale-and-rent-back arrangements specifically for the brewing industry. Its broker-facilitated finance serves key sectors such as agriculture, construction, manufacturing, and transport. Leasing solutions are also available for construction and manufacturing equipment, IT infrastructure, and other specialist assets. Moreover, it furnishes professional service sectors—including dental, medical, pharmaceutical, and veterinary practices—with loans, hire purchase, leasing, and refinancing products. Within its advisory and wealth management arm, Close Brothers provides financial literacy programs, investment management expertise, and comprehensive financial planning and advice. It also empowers individual investors with self-directed online tools for portfolio management and offers resources and support to independent financial advisers. On the capital markets front, its securities division delivers a full spectrum of services. This encompasses providing liquidity and flexible execution for retail stockbrokers, wealth managers, and institutional investors. The firm also undertakes market-making, sales, research, and corporate broking activities, alongside handling dealing, custody, and settlement operations for institutional, wealth management, and brokerage clients. Established in 1878, Close Brothers Group plc maintains its head office in London, United Kingdom.
Market snapshot
- Symbol
- CBGPY
- Price
- $12.12
- Day change
- 0.00%
- Market cap
- $689.9M
- P/E ratio
- -22.45x
- 52-week range
- 9.04-15.028
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
Recent news
- Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers have decided not to launch a legal challenge against the UK financial regulator's 9.1 billion pound($12.31 billion) compensation scheme for consumers who were allegedly mis-sold car finance, Sky News reported on Saturday.
- Britain's Close Brothers flags $430 million motor finance cost
Britain's Close Brothers on Wednesday disclosed a potential 320 million pound ($429.50 million) cost related to a motor finance mis-selling scandal, broadly similar to the specialist lender's existing provision.
Peer companies
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