Top 10 Most Valuable Companies in the UK 2024: By far the most valuable UK brand in 2024 is Shell, a joint venture between the UK and the Netherlands. It’s interesting to note that Shell is the only company in the top ten with headquarters outside of the UK and the only one on the list of the most valuable firms globally in 2021. In this post, we’ll tell you the top 10 most valuable companies in the UK by market value, according to data from statista.com
The top 10 have a decent mix of different industries. In addition to oil and gas, there are two industries that have more than one brand representation: telecoms with Sky and Vodafone and banking with HSBC and Barclays. Other industries represented are those of services (EY) and automobiles (Land Rover).
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Shell (brand value up 13% to £36.5 billion) remains the most valuable brand in the UK. Despite COVID’s difficulties, the Ukraine crisis, and consumer impressions of corporate sustainability practices in the oil and gas industry increasingly influencing their purchasing decisions, Shell is the leader of the country.
Top 10 Most Valuable Companies in the UK in 2024
1. Shell
Shell is the most valuable company in the UK with a market value of £36.51. It tops the list by a wide margin to remain the most valuable brand in the UK.
Royal Dutch Shell is one of the world’s largest mineral oil and natural gas companies. The group is active in more than 140 countries. Shell employs around 83,000 people worldwide.
Shell has put a lot of focus on its energy transition strategy, and it appears to be strengthening its brand.
The future strength of Shell’s brand is probably going to benefit from its attempts to create new clean energy technologies, including electric vehicle charging.
2. EY
Ernst & Young Global Limited, EY is a multinational professional services partnership headquartered in London, England. It is one of the largest professional services networks in the world.
In recent years, EY has grown into industries outside of accounting, such as strategy, operations, HR, technology, and financial services consulting, like many of the larger accounting companies.
EY has a market cap of £17 billion, making it the second most-valued company in the UK after Shell.
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3. Vodafone
With a market cap of 14.27, Vodafone is the 3rd most valuable company in the UK. Vodafone is one of the two groups from the telecommunication sector to be represented on the top 10 list.
Vodafone Group Plc is a British telecommunication company with headquarters in England. The company owns and operates networks in 22 countries, with partner networks in 48 further countries.
4. BP
BP is the 4th most valued company in the UK with a market value of £13.9 billion at the time of writing.
Formerly British Petroleum, BP is an international British petroleum company headquartered in London. The company has proven reserves of 17.0 billion barrels of oil equivalent worldwide. The company owns around 20,700 petrol stations and serves 13 million customers every day.
5. HSBC
HSBC is one of the two representatives from the banking sector to feature in the top 10 list of the most valuable companies in the UK. With s market value of £13.17 billion according to our source, HSBC is the 5th most valued company in the UK by market value as of July 2022.
A multinational universal bank and holding corporation, HSBC Holdings plc is based in Britain. With US$2.953 trillion in assets as of December 2021, it is the largest bank in Europe.
HSBC serves its 40 million customers through 64 locations spread in Africa, Asia, Oceania, Europe, North America, and South America. According to total assets and market value as of 2020, it was the sixth-largest bank in the world. According to a composite metric by Forbes magazine, HSBC was the 40th-largest public firm in the world.
6. Tesco
Tesco has a market cap of £9.49 billion, according to our source. It is the 6th most valuable brand in the UK at the time of writing.
The British multinational grocery and general merchandise retailer has its headquarters in England. It was named the 3rd largest retailer in the world in 2011.
Tesco Pls has shops in five countries across Europe and is the market leader in groceries in the UK (where it has a market share of around 28.4%
Tesco has expanded its business to include retailing of books, clothes, electronics, furniture, toys, gasoline, software, financial services, telecommunications, and internet services, among other things.
7. Sky
Sky is the UK’s largest pay-TV broadcaster with 12.7 million customers as of the end of 2019. It is a subsidiary of Sky Group and from 2018 onwards – part of Comcast. Its flagship products are Sky Q and the internet-based Sky Glass; its flagship channels are Sky Showcase, Sky Sports, and Sky Atlantic.
Sky has a market valuation of £9.49 billion, making it the 7th most valuable company in the UK as of July 2022. It is one of the two representatives from the telecommunication sector in the top 10 most valuable companies in the UK for 2024.
8. Barclays
Barclays is a British multinational universal bank, headquartered in London, England. It operates as two divisions, Barclays UK and Barclays International. Barclays UK comprises British retail banking operations, consumer credit card business, wealth management, and corporate banking for small and medium-sized businesses.
With a market cap of £8.2 billion, Barclays is the 8th most valuable company in the UK. It is one of the two representatives from the banking sector on the list.
9. Land Rover
Land Rover is a British brand of predominantly four-wheel drive. It is owned by multinational car manufacturer Jaguar Land Rover (JLR). JLR currently builds Land Rovers in Brazil, China, India, Slovakia, and the United Kingdom.
As of February 2024, Land Rover has a market value of £7.24 billion to earn the 9th spot on the list.
10. Asda
Completing our list of the top 10 most valuable companies in the Uk is Asda with a market value of £5.39 billion.
Asda is a British supermarket chain headquartered in Leeds, England. Besides its core supermarkets, the company also offers assistance with insurance and payment services and a mobile phone provider.
