MODERN ELECTRIC TRAMWAYS LTD
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Cash
£38k
-90.7% vs 2023
Net assets
£6m
-3.6% vs 2023
Employees
59
+13.5% vs 2023
Profit before tax
—
Period ending 2024-12-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,955,359 | £2,049,126 | +4.8% | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | £66,720 | -£220,690 | -430.8% | |
| Cash | £408,370 | £37,830 | -90.7% | |
| Total assets less current liabilities | £6,343,787 | £6,260,580 | -1.3% | |
| Net assets | £6,190,089 | £5,969,399 | -3.6% | |
| Equity | £6,190,089 | £5,969,399 | -3.6% | |
| Average employees | 52 | 59 | +13.5% | |
| Wages | £938,987 | £1,108,573 | +18.1% | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Net margin | 3.4% | -10.8% | |
| Gearing (liabilities / total assets) | 5.6% | 10.9% | |
| Current ratio | 2.50x | 0.54x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- MODERN ELECTRIC TRAMWAYS LTD 2015-09-25 → present
- MODERN ELECTRIC TRAMWAYS 2015-03-10 → 2015-09-25
- MODERN ELECTRIC TRAMWAYS LIMITED 1953-05-19 → 2015-03-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Westcotts (SW) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Group structure
- MODERN ELECTRIC TRAMWAYS LTD · parent
- Seaton Tramways (Enterprises) Limited 100%
Significant events
- “2024 got off to a flying start with the acquisition of the freehold for the former Seaton Jurassic Building, adjacent to Seaton Tram Station... we collected the keys and rapidly got to work converting the space into an incredible soft play centre and our Last Day of the Dinosaurs animatronic exhibition. Re-branded as Jurassic Discovery, the space now contributes to both community and tourism experiences in the town.”
- “In February we opened our new children's play area at Colyton Station providing an exciting and modern space for our smaller visitors to play and have fun.”
- “Our heritage offer was enhanced in September with the re-acquisition of Car 23, The first to be built by our founder Claude Lane, back in 1949!”
- “In October we also had our first inspection in fifteen years from The Office of Road and Rail (ORR)... all the priority actions from the report were actioned by the end of the year, satisfying the inspector.”
- “Our year closed with the welcome news that we had been awarded a grant of £88,600 towards work connected with Jurassic Discovery, from The National Lottery Heritage Fund.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DIPLOCK, Martin John | Director | 2025-04-28 | Mar 1953 | British |
| HORNER, Mark Andrew | Director | 2015-02-22 | Feb 1968 | Welsh |
| KEAY, David William | Director | 2017-03-24 | Apr 1957 | British |
| O'NEILL, Wendy Louise Anita | Director | 2023-11-23 | Apr 1966 | British |
| STONE, Nicola Elizabeth | Director | 2018-12-14 | Feb 1970 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LANE, Roger John | Secretary | — | 1992-09-03 |
| SHEARS, Trevor Halliday | Secretary | 1992-09-05 | 2014-05-10 |
| BROWN, Colin Willam | Director | 2006-12-10 | 2008-10-19 |
| GARDNER, Allan James Victor | Director | — | 2008-10-13 |
| GARDNER, Susan Geraldine | Director | — | 2004-01-01 |
| HORNER, Brian Matthew Kilburn | Director | — | 2007-10-14 |
| HORNER, Mark Andrew | Director | 1997-09-27 | 2005-03-06 |
| LANE, Roger John | Director | — | 2017-12-14 |
| NUNN, Jennifer Mary | Director | 2006-12-10 | 2015-12-18 |
| SHEARS, Trevor Halliday | Director | — | 2014-05-10 |
| THORNTON, Eric | Director | — | 1994-12-05 |
| WALLACE, Alice Mary | Director | 2007-07-01 | 2009-11-17 |
| WALLACE, Frederick | Director | — | 2000-12-09 |
| WARNES, Bruce Charles | Director | 2007-07-01 | 2025-11-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Linda Shears | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 153 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type group | |
| 2026-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-06-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-09 | AA | accounts | Accounts with accounts type group | |
| 2025-07-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-16 | AA | accounts | Accounts with accounts type group | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-06-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-05 | CH01 | officers | Change person director company with change date | |
| 2022-08-05 | AA | accounts | Accounts with accounts type group | |
| 2022-05-16 | CH01 | officers | Change person director company with change date | |
| 2022-05-13 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-05-13 | CH01 | officers | Change person director company with change date | |
| 2022-04-05 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.