The United Kingdom hosts a diverse and dynamic business landscape, with many corporations leading global industries across energy, finance, retail, technology, and manufacturing. In 2024, the country’s top 30 companies by revenue showcase a broad spectrum of sectors, reflecting both the resilience and innovation driving the UK economy. From multinational oil giants to major financial institutions and cutting-edge industrial manufacturers, these companies not only contribute significantly to the national economy but also impact global markets. This article provides an insightful overview of these leading enterprises, highlighting their core activities, financial performance, workforce size, and strategic outlook as they navigate an evolving economic environment.
1. Shell
Shell is a global energy giant headquartered in London, United Kingdom, operating primarily in the oil and gas industry. Its core activities span the entire energy value chain, including oil exploration, production, refining, and natural gas supply, alongside growing investments in renewable energy and low-carbon technologies. In 2024, Shell reported an impressive revenue of $284.31 billion, supported by a workforce of over 90,000 employees worldwide. The company is actively transforming its business model to achieve net-zero emissions, with significant projects focused on hydrogen energy, electric vehicle infrastructure, and expanding renewable power generation. Shell remains a dominant force in the energy sector, balancing traditional fossil fuel operations with a strategic shift toward sustainability and innovation.
Revenue for 2024 –$284.31 billion .
2. BP
BP, headquartered in London, United Kingdom, is a leading global energy company operating across the oil and gas sector. Its activities encompass exploration, production, refining, and distribution of oil and natural gas, as well as expanding investments in renewable energy sources such as wind, solar, and bioenergy. In 2024, BP generated $189.18 billion in revenue, supported by a workforce of approximately 70,000 employees worldwide. The company is committed to transitioning towards a lower-carbon future, setting ambitious targets to reduce carbon emissions and increase its portfolio of clean energy projects. BP continues to balance its traditional hydrocarbon business with innovation in sustainable energy solutions, reinforcing its role as a key player in the global energy transition.
Revenue for 2024 – $189.18 billion.
3. Prudential
Prudential, headquartered in London, United Kingdom, is a major player in the global financial services industry, specializing in insurance and asset management. The company offers a wide range of products including life insurance, retirement solutions, and investment management services to individuals and institutions worldwide. In 2024, Prudential reported revenue of $128.42 billion, supported by a workforce of around 24,000 employees. Prudential focuses on long-term financial security for its customers, leveraging technology and data analytics to enhance customer experience and operational efficiency. The company continues to expand its presence in key markets across Asia, the US, and the UK, emphasizing sustainable growth and responsible investing as core pillars of its strategy.
Revenue for 2024 – $128.42 billion .
4. Tesco
Tesco, headquartered in the United Kingdom, is one of the largest retail chains globally, operating thousands of supermarkets and convenience stores. The company’s core business includes grocery retailing, general merchandise, and financial services, serving millions of customers weekly. In 2024, Tesco generated $86.34 billion in revenue, supported by a workforce of approximately 450,000 employees. Tesco continues to focus on improving customer experience through digital transformation, expanding its online shopping platform, and enhancing supply chain efficiency. Sustainability is a key priority, with initiatives aimed at reducing waste, cutting carbon emissions, and supporting local communities. Tesco remains a dominant force in UK retail, adapting to evolving consumer trends and competitive pressures.
Revenue for 2024 – $86.34 billion.
5. HSBC
HSBC, headquartered in London, United Kingdom, is one of the world’s largest banking and financial services organizations. It offers a broad range of services including retail banking, commercial banking, wealth management, and investment banking across multiple global markets. In 2024, HSBC reported revenue of $71.49 billion, supported by a workforce of around 220,000 employees worldwide. The bank is focused on digital innovation, sustainable finance, and expanding its presence in key growth regions such as Asia and the Middle East. HSBC continues to prioritize risk management and regulatory compliance while advancing its commitment to environmental, social, and governance (ESG) principles.
Revenue for 2024 – $71.49 billion.
6. Vodafone
Vodafone, headquartered in the United Kingdom, is a leading multinational telecommunications company providing mobile, fixed-line, broadband, and digital services to millions of customers worldwide. In 2024, Vodafone generated $69.89 billion in revenue, supported by a workforce of approximately 100,000 employees. The company focuses on expanding its 5G network infrastructure, enhancing digital connectivity, and offering innovative IoT (Internet of Things) solutions. Vodafone is also committed to sustainability, with initiatives aimed at reducing carbon emissions and promoting digital inclusion. As a key player in the telecom sector, Vodafone continues to drive growth through technological advancement and customer-centric services.
Revenue for 2024 – $69.89.
7. Unilever
Unilever, headquartered in London, United Kingdom, is a global consumer goods company known for its diverse portfolio of brands across food, beverages, personal care, and home care products. In 2024, Unilever reported revenue of $58.20 billion, supported by a workforce of around 150,000 employees worldwide. The company emphasizes sustainability and social responsibility, aiming to reduce its environmental impact while promoting health and well-being through its products. Unilever continues to innovate by adapting to changing consumer preferences, investing in digital marketing, and expanding its presence in emerging markets. With a strong focus on purpose-driven growth, Unilever remains a leader in the fast-moving consumer goods industry.
Revenue for 2024 –$58.20 billion .
8. AstraZeneca
AstraZeneca, headquartered in Cambridge, United Kingdom, is a global biopharmaceutical company specializing in the research, development, and commercialization of prescription medicines. Its core focus areas include oncology, cardiovascular, respiratory, and immunology therapies. In 2024, AstraZeneca reported revenue of $54.07 billion, supported by a workforce of approximately 85,000 employees worldwide. The company invests heavily in innovation and clinical research to bring new treatments to market, with a strong pipeline of drugs addressing critical health challenges. AstraZeneca is also committed to sustainability and access to healthcare, striving to improve patient outcomes globally through science-driven solutions.
Revenue for 2024 – $54.07 billion.
9. Rio Tinto
Rio Tinto, headquartered in London, United Kingdom, is a leading global mining and metals company specializing in the extraction and processing of minerals such as iron ore, aluminum, copper, and diamonds. In 2024, Rio Tinto generated $53.65 billion in revenue, supported by a workforce of around 47,000 employees worldwide. The company focuses on sustainable mining practices, innovation, and operational efficiency to meet global demand for raw materials essential to industries including construction, automotive, and technology. Rio Tinto invests in reducing environmental impact through initiatives like carbon reduction and water conservation. It remains a key supplier in the global mining sector, balancing resource development with environmental and social responsibilities.
Revenue for 2024 – $53.65 billion.
10. Imperial Brands
Imperial Brands, headquartered in Bristol, United Kingdom, is a major player in the global tobacco industry, producing and marketing a wide range of tobacco and nicotine products. Its portfolio includes cigarettes, cigars, vaping products, and heated tobacco alternatives. In 2024, Imperial Brands reported revenue of $43.37 billion, supported by a workforce of approximately 29,000 employees worldwide. The company is focused on diversifying its product offerings to include reduced-risk nicotine alternatives while maintaining strong positions in traditional tobacco markets. Imperial Brands is also investing in innovation and sustainability initiatives to address changing consumer preferences and regulatory environments. It remains a significant force in the global tobacco sector.
Revenue for 2024 – $43.37 billion.
11. Compass Group
Compass Group, headquartered in London, United Kingdom, is a global leader in foodservice management, providing catering and support services across diverse sectors including education, healthcare, business, and sports venues. In 2024, Compass Group generated $42.00 billion in revenue, supported by a workforce of over 600,000 employees worldwide. The company focuses on delivering high-quality, sustainable food solutions while emphasizing health, safety, and environmental responsibility. Compass Group invests in innovation to enhance customer experience and operational efficiency, adapting to evolving consumer preferences. Its extensive global footprint and strong client relationships make it a dominant player in the foodservice industry.
Revenue for 2024 –$42.00 billion .
12. Sainsbury's
Sainsbury's, headquartered in London, United Kingdom, is one of the UK's largest supermarket chains, offering a wide range of grocery, clothing, and financial services. In the fiscal year 2024/25, Sainsbury's reported a revenue of £32.81 billion (approximately $41.33 billion), marking a 1.8% increase from the previous year. The company employed 148,498 individuals as of March 2, 2024, though this number decreased by 2.3% from the previous year due to restructuring efforts.
Revenue for 2024 –$41.33 billion .
13. GlaxoSmithKline
GlaxoSmithKline (GSK), headquartered in Brentford, United Kingdom, is a prominent global biopharmaceutical company specializing in specialty medicines, vaccines, and general healthcare products. In 2024, GSK reported revenue of $40.18 billion, driven by strong growth in its specialty medicines segment, which includes treatments for HIV, oncology, and immunology. Despite challenges such as a decline in vaccine sales due to regulatory issues, the company maintained a solid financial position with increased core operating profit and robust free cash flow. GSK employs approximately 63,000 people worldwide and continues to invest heavily in research and development to innovate new therapies.
Revenue for 2024 – $40.18 billion.
14. Aviva
Aviva plc, headquartered in London, United Kingdom, is a leading global insurance and wealth management company. In 2024, Aviva reported revenue of £22.4 billion (approximately $39.85 billion), marking a 4.1% increase from the previous year. The company offers a wide range of services, including general insurance, life insurance, health insurance, and wealth management. In 2024, Aviva paid out over £1.89 billion across nearly 62,000 individual and group protection claims. Aviva employs approximately 31,000 individuals worldwide and has a strong presence in the UK, Ireland, and Canada. The company is committed to sustainability and aims to achieve net-zero carbon emissions by 2040.
Revenue for 2024 – $39.85 billion.
15. Barclays
Barclays PLC, headquartered in London, is a prominent global financial services provider, offering a comprehensive range of services including retail banking, investment banking, wealth management, and corporate banking. In 2024, Barclays reported annual revenue of approximately $33.58 billion, reflecting a 6.05% increase from the previous year. The company employed 93,000 individuals globally as of December 31, 2024, marking a 0.65% rise from 2023.
Revenue for 2024 – $33.58 billion.
16. BAE Systems
BAE Systems plc, headquartered in London, United Kingdom, is a leading global defense, aerospace, and security company. In 2024, the company reported a revenue of approximately $33.01 billion, reflecting a 14% increase from the previous year. This growth was driven by strong demand for military equipment and technologies, particularly in Europe and the United States. BAE Systems' diverse portfolio includes naval ships, submarines, armored vehicles, artillery systems, and advanced electronics.The company employed around 107,400 individuals globally in 2024, marking a 7.6% increase from the previous year.
Revenue for 2024 – $33.01 billion.
17. Linde
Linde plc, headquartered in Woking, United Kingdom, is the world's largest industrial gas supplier by market share and revenue. In 2024, the company reported annual revenue of $33.0 billion, a 0.46% increase from the previous year. Despite a challenging environment, Linde achieved an adjusted operating profit of $9.7 billion, reflecting a 7% year-over-year growth, and an adjusted operating profit margin of 29.5%.
Revenue for 2024 – $33.0 billion.
18. St. James’s Place
St. James’s Place plc (SJP), headquartered in Cirencester, United Kingdom, is one of the UK's leading wealth management firms, providing personalized financial advice and investment solutions to individuals and businesses. In 2024, SJP reported revenue of approximately £26.0 billion (about $32.44 billion), marking a 37% increase from the previous year.
Revenue for 2024 – $32.44 billion.
19. Diageo
Diageo plc, headquartered in London, is a leading British multinational alcoholic beverage company renowned for its extensive portfolio of premium brands including Johnnie Walker, Guinness, Smirnoff, Baileys, Captain Morgan, and Tanqueray. In 2024, Diageo reported revenue of approximately $32.21 billion, showcasing its strong market presence despite challenges in certain regions. The company operates globally across more than 180 countries and employs around 30,000 people worldwide. Diageo continues to drive growth through innovation, sustainability initiatives, and expansion of its premium product lines, maintaining its position as a dominant player in the global beverage alcohol industry.
Revenue for 2024 – $32.21 billion.
20. BT Group
BT Group plc, headquartered in London, is a leading UK-based telecommunications and broadband provider, offering services through its brands BT, EE, and Openreach. In the fiscal year ending March 31, 2024, BT reported annual revenue of £20.8 billion (approximately $31.99 billion), reflecting a modest increase of 0.56% compared to the previous year. The company employed approximately 117,000 individuals globally as of the end of 2024.
Revenue for 2024 – $31.99 billion.
21. Ferguson Enterprises
Ferguson Enterprises Inc. (NYSE: FERG), headquartered in Newport News, Virginia, is the largest U.S. distributor of plumbing, heating, ventilation, air conditioning (HVAC), appliances, and lighting products, as well as pipes, valves, and fittings (PVF). In fiscal year 2024, Ferguson reported annual revenue of $29.64 billion, a slight decrease of 0.33% compared to the previous year. The company employed approximately 35,000 associates across nearly 1,800 locations, with operations primarily in the United States and Canada.
Revenue for 2024 – $29.64 billion.
22. Anglo American
Anglo American plc (LSE: AAL), headquartered in London, is a leading British multinational mining company with operations spanning across six continents. In 2024, the company reported annual revenue of $27.29 billion, a decline of 11% from the previous year. This decrease was primarily attributed to lower commodity prices and impairments in certain business units . Anglo American's portfolio includes significant assets in copper, iron ore, platinum, diamonds (through its 85% stake in De Beers), and nickel. In 2024, the company produced 773,000 tonnes of copper, meeting its annual guidance .
Revenue for 2024 –$27.29 billion .
23. Associated British Foods
Associated British Foods plc (ABF.L) is a diversified international food, ingredients, and retail group headquartered in London, United Kingdom. In the fiscal year ending September 14, 2024, the company reported annual revenue of approximately $26.35 billion, marking a 1.64% increase from the previous year. ABF operates across multiple sectors including retail, with its value fashion brand Primark generating strong sales; grocery, with well-known brands such as Twinings and Ovaltine; ingredients, driven by yeast and bakery products; sugar, although this segment experienced a decline due to lower European prices; and agriculture, supported by grain trading recovery. As of September 2024, ABF employed around 138,000 people globally across 56 countries.
Revenue for 2024 – $26.35 billion.
24. Legal & General Group
Legal & General Group plc (LGEN.L) is a leading British financial services company headquartered in London, specializing in insurance, pensions, investments, and asset management. In 2024, the company reported revenue of approximately $26.14 billion, supported by a 6% increase in core operating profit and earnings per share. Under CEO António Simões, who took charge in early 2024, Legal & General has streamlined its business by divesting non-core units, generating over £3 billion in proceeds. The company operates through three main divisions: Institutional Retirement, which secured £10.7 billion in global pension risk transfer deals; Asset Management, overseeing more than £1.1 trillion in assets with a focus on higher-margin private markets; and Retail, which posted record retail annuity sales of £2.1 billion alongside growth in workplace pension schemes. Legal & General employs around 12,000 people worldwide and has initiated a £500 million share buyback program, demonstrating a strong commitment to shareholder value.
Revenue for 2024 – $26.14 billion.
25. Centrica
Centrica plc (CNA.L) is a leading UK-based energy services and solutions company headquartered in Windsor, England. In 2024, the company reported revenue of approximately $24.98 billion, reflecting a significant decrease compared to the previous year due to lower commodity prices and reduced market volatility. Centrica operates through several key segments, including Retail, which provides energy supply and services to residential and small business customers via brands like British Gas and Bord Gáis Energy; Optimisation, focusing on energy trading and risk management; Infrastructure, managing energy storage, nuclear generation, and gas production assets; and Spirit Energy, which handles oil and gas production. As of the end of 2024, Centrica employed around 21,000 people globally. Despite challenges in the market, Centrica remains a major player in the UK energy sector, balancing its portfolio across supply, production, and trading activities.
Revenue for 2024 – $24.98 billion.
26. Lloyds Banking Group
Lloyds Banking Group plc (LYG) is a leading UK-based financial services organization headquartered in London. In 2024, the company reported revenue of approximately $23.78 billion, reflecting a 5% decrease from the previous year. This decline was primarily due to lower net interest income and increased operating costs. Despite these challenges, Lloyds achieved an underlying profit of £6.34 billion ($7.98 billion), a 19% decrease compared to 2023. As of December 31, 2024, Lloyds Banking Group employed approximately 61,228 individuals, marking a 2.14% decrease from the previous year.
Revenue for 2024 – $23.78 billion.
27. Rolls-Royce Holdings
Rolls-Royce Holdings plc (RR.L) is a leading UK-based industrial technology company specializing in power systems and services for aerospace, defense, marine, and energy sectors. In 2024, the company reported a revenue of approximately $23.72 billion (£17.8 billion), marking a 15.9% increase from the previous year. This growth was driven by strong performance across all core divisions, including Civil Aerospace, Defence, and Power Systems. The company achieved an underlying operating profit of £2.5 billion, a 57% increase from 2023, and generated £2.4 billion in free cash flow. Rolls-Royce also returned to a net cash position of £475 million by the end of 2024. In recognition of its improved financial performance, the company announced a £1 billion share buyback program and resumed dividend payments for the first time since the COVID-19 pandemic .
Revenue for 2024 –$23.72 billion .
28. National Grid
National Grid plc (NGG) is a leading UK-based electricity and gas utility company headquartered in London. In the fiscal year ending March 31, 2024, National Grid reported revenue of approximately $22.96 billion (£17.2 billion) and a net income of £1.5 billion. The company employs around 31,425 people across the UK and the northeastern United States. Its operations are organized into key segments including UK Electricity Transmission, which manages the high-voltage network across England and Wales; UK Electricity Distribution, serving homes and businesses in regions such as the Midlands and South Wales; the UK Electricity System Operator (ESO), responsible for balancing supply and demand on the electricity grid; as well as electricity and gas transmission and distribution networks in New York and New England.
Revenue for 2024 –$22.96 billion .
29. British American Tobacco
British American Tobacco (BAT) is a leading multinational tobacco company headquartered in London, UK. In 2024, BAT reported a revenue of approximately $21.64 billion, reflecting a 5.2% decline from the previous year. This decrease was primarily due to the sale of its businesses in Russia and Belarus in 2023 and adverse foreign exchange impacts. Despite the revenue dip, BAT achieved a net income of £3.03 billion (about $3.8 billion), a significant turnaround from a £14.4 billion loss in 2023. The company continues to focus on its "Building a Smokeless World" strategy, aiming to transition towards reduced-risk products. In 2024, BAT added 3.6 million new consumers to its smokeless product portfolio, which now accounts for 18% of total revenue.
Revenue for 2024 – $21.64 billion .
30. CNH Industrial
CNH Industrial N.V. is a UK-headquartered global leader in agricultural and construction equipment manufacturing. In 2024, the company reported revenue of approximately $19.83 billion, experiencing a decline due to reduced industry demand and inventory adjustments. CNH Industrial operates through key segments including agriculture, producing tractors and combines under brands like Case IH and New Holland Agriculture; construction, manufacturing machinery such as excavators and loaders under Case Construction Equipment and New Holland Construction; and financial services, offering financing solutions to customers and dealers. As of the end of 2024, the company employed about 35,850 people worldwide, reflecting a decrease compared to the previous year. Despite market challenges, CNH Industrial remains committed to innovation and efficiency, maintaining its position as a major player in the global equipment manufacturing industry.
Revenue for 2024 – $19.83 billion .