MOBICO GROUP PLC
Formerly known as National Express Group, this London Stock Exchange-listed multinational operates bus, coach, and rail passenger transport services across the UK, Europe, North America, and the Middle East.
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Cash
£426m
highest in 3 filed years
Net assets
-£305m
lowest in 3 filed years
Employees
32,097
Average over period
Profit before tax
-£89m
Period ending 2026-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £3,150,900,000 | £2,597,500,000 | £3,358,000,000 | — | |
| Operating profit | £168,600,000 | £32,300,000 | £11,700,000 | — | |
| Profit before tax | £92,900,000 | -£50,400,000 | -£89,200,000 | — | |
| Net profit | — | — | — | — | |
| Cash | £173,000,000 | £244,500,000 | £425,600,000 | — | |
| Total assets less current liabilities | £2,969,500,000 | £2,119,100,000 | — | — | |
| Net assets | £1,896,500,000 | £200,100,000 | -£305,000,000 | — | |
| Equity | £1,896,500,000 | £200,100,000 | -£305,000,000 | — | |
| Average employees | 44,709 | 30,840 | 32,097 | — | |
| Wages | £1,363,800,000 | £981,500,000 | £1,350,100,000 | — | |
| Directors' remuneration | £428,000 | £1,315,000 | — | — | |
| Directors' pension contributions | £14,000 | £37,000 | — | — | |
| Highest paid director | £428,000 | £660,000 | £1,068,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 15 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 5.4% | 1.2% | 0.3% | |
| Return on capital employed | 5.7% | 1.5% | — | |
| Gearing (liabilities / total assets) | 42.8% | 93.9% | 111.0% | |
| Current ratio | 0.67x | 0.59x | 0.64x | |
| Interest cover | 2.13x | 0.38x | 0.11x |
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 4 times since incorporation
- MOBICO GROUP PLC 2023-06-20 → present
- NATIONAL EXPRESS GROUP PLC 1991-11-04 → 2023-06-20
- SPEEDTHEME LIMITED 1991-06-21 → 1991-11-04
- DRAWLANE EXPRESS LIMITED 1991-04-19 → 1991-06-21
- OFFERLETTER LIMITED 1991-03-11 → 1991-04-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Financial Statements have been prepared on a going concern basis as the Directors are satisfied that the Group has adequate resources to continue in operational existence for a period of not less than 12-months from the date of approval of the Financial Statements.”
Group structure
- MOBICO GROUP PLC · parent
- National Express Limited 100%
- West Midlands Travel Limited 100%
- WeDriveU Inc. 100%
Significant events
- “On 25 April 2025 the Group announced an agreement to sell the North American School Bus (NASB) business which was subsequently completed on 14 July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 65 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SAUNDERSON, Gillian | Secretary | 2026-02-01 | — | — |
| COSMEN MENENDEZ-CASTANEDO, Jorge | Director | 2005-12-01 | Apr 1968 | Spanish |
| DE PRO GONZALO, Ana | Director | 2019-10-01 | Oct 1967 | Spanish |
| DUPUY DE LOME CHAVARRI, Enrique | Director | 2023-11-01 | Mar 1957 | Spanish |
| EGAN, Brian | Director | 2025-06-24 | Jul 1963 | Irish |
| FLOWERS, Carolyn Ann | Director | 2021-06-01 | Jul 1949 | American |
| IGLESIAS CAMPOS, Francisco | Director | 2026-04-01 | Jun 1966 | Spanish |
| POCKLINGTON, Nigel David | Director | 2023-08-01 | May 1971 | British |
| WHITE, Philip Michael | Director | 2025-05-01 | Sep 1949 | British |
Show 65 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Colin North | Secretary | 1998-01-08 | 1999-12-31 |
| ARNAOUTI, Michael | Secretary | 2017-04-13 | 2018-12-31 |
| BALDRY, Joy Elizabeth | Secretary | 2016-05-02 | 2017-04-12 |
| CALLANDER, Simon | Secretary | 2022-06-13 | 2026-01-31 |
| DODD, John Hamilton | Secretary | 1991-04-08 | 1995-11-02 |
| FORBES, Sandra Elizabeth Margaret | Secretary | 2014-05-30 | 2016-05-01 |
| HAMPSON, Michael David | Secretary | 2012-01-30 | 2014-05-30 |
| HOUSSEMAYNE DU BOULAY, Marion Louise | Secretary | 1995-11-02 | 1998-01-08 |
| MCDONALD, Anthony Joseph | Secretary | 2000-05-15 | 2012-01-30 |
| MYRAM, Jennifer Naomi | Secretary | 2019-01-01 | 2022-04-20 |
| ROLLASON, William Peter | Secretary | 1999-12-31 | 2000-05-15 |
| SAUNDERSON, Gillian | Secretary | 2022-04-20 | 2022-06-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1991-03-11 | 1991-04-08 |
| ARMITT, John Alexander, Sir | Director | 2013-01-01 | 2022-12-31 |
| ASHLEY, Matthew Edward | Director | 2015-01-28 | 2020-04-03 |
| BOWKER, Steven Richard | Director | 2006-09-12 | 2009-07-10 |
| BROWN, Richard Howard | Director | 1999-07-31 | 2001-12-07 |
| CATHCART, William Alun | Director | 1992-11-23 | 2000-09-04 |
| CHILD, Colin Charles | Director | 1993-09-09 | 1999-07-31 |
| COLSTON, Donald | Director | 1995-05-04 | 1995-08-04 |
| CRESSEY, James Bernard | Director | 1992-10-29 | 1995-05-04 |
| CRUMMACK, Matthew | Director | 2015-05-06 | 2023-07-31 |
| CURTIS, Miranda Theresa Claire | Director | 2008-06-01 | 2012-05-10 |
| DAVIES, Angie Michael | Director | 1992-02-13 | 2004-05-05 |
| DAVIES, Christopher Mark | Director | 2017-05-10 | 2022-10-31 |
| DEVANEY, John Francis | Director | 2009-04-02 | 2013-01-31 |
| DEVLIN, Roger William | Director | 2007-10-01 | 2011-06-28 |
| DUFFY, Joseph Thomas | Director | 1995-05-04 | 1995-11-27 |
| DURHAM, Larry Kent | Director | 2003-03-04 | 2004-02-25 |
| EDWARDS, Derek | Director | 1992-11-23 | 1993-07-20 |
| FINCH, Dean Kendal | Director | 2010-02-15 | 2020-08-31 |
| FOSTER, Andrew William, Sir | Director | 2004-08-01 | 2015-05-06 |
| GARAT PEREZ, Jose Ignacio | Director | 2020-11-01 | 2025-04-30 |
| GARCIA, Joaquin Ayuso | Director | 2011-06-01 | 2019-12-31 |
| GEARY, Karen Mary | Director | 2019-10-01 | 2026-09-09 |
| GIBSON, John Michael Barry | Director | 1999-11-17 | 2008-05-31 |
| HAY, Roger Owen | Director | 1991-07-25 | 1992-11-23 |
| HUNT, Jacqueline | Director | 2012-09-13 | 2015-05-06 |
| KELSEY, Alan Howard Mitchell | Director | 1996-06-03 | 1998-02-26 |
| KERSLAKE, Brian John | Director | 1995-05-04 | 1995-08-31 |
| KINGSTON, Jane Sarah May | Director | 2014-02-26 | 2019-12-31 |
| LYONS, Susan Mary | Director | 2001-05-23 | 2007-12-19 |
| MAIDEN, Jeremy Kim | Director | 2008-11-17 | 2014-12-31 |
| MCENHILL, Peter Raymond | Director | 1991-04-08 | 1996-08-31 |
| MCKEON, Michael James Edward | Director | 2015-07-03 | 2024-06-11 |
| MILLS, Adam Francis | Director | 1991-04-08 | 1996-09-05 |
| MOCROFT, Timothy | Director | 1991-08-06 | 1992-11-05 |
| MUNTWYLER, Christian Ernst | Director | 2011-05-11 | 2020-12-30 |
| MYERS, John Clive | Director | 1991-07-25 | 2001-05-02 |
| O'TOOLE, Raymond | Director | 1999-11-01 | 2010-05-05 |
| PATTERSON, Ernest | Director | 1996-08-01 | 1997-01-13 |
| ROLLASON, William Peter | Director | 1999-12-06 | 2002-12-04 |
| ROSS, David Peter John | Director | 2001-02-01 | 2008-12-09 |
| SANDER, Elliot Gene | Director | 2011-06-01 | 2020-12-30 |
| SCORE, Timothy | Director | 2005-02-21 | 2014-02-25 |
| STAMP, James Robert | Director | 2022-11-01 | 2024-06-11 |
| STEEL, Ashley Caroline, Dr | Director | 2016-01-01 | 2021-12-03 |
| STEVENSON, Timothy Edwin Paul | Director | 2001-02-01 | 2005-09-21 |
| TAYLOR, Keith Wilhall | Director | 1992-10-29 | 1993-11-23 |
| WALKER, Adam Christopher | Director | 2003-03-04 | 2008-03-26 |
| WATSON, James Kenneth | Director | 1994-04-05 | 2001-05-02 |
| WEIR, Helen Alison | Director | 2022-10-01 | 2025-05-01 |
| WELTON, Stephen Frank | Director | 1991-07-25 | 1992-11-23 |
| WHITE, Philip Michael | Director | 1996-01-01 | 2006-09-11 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1991-03-11 | 1991-04-08 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 850 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-18 RESOLUTIONS Resolution
- 2025-06-16 RESOLUTIONS Resolution
- 2024-06-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-18 | RESOLUTIONS | resolution | Resolution | |
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2026-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-02-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-26 | AA01 | accounts | Change account reference date company current extended | |
| 2025-10-15 | AUD | auditors | Auditors resignation company | |
| 2025-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-18 | AA | accounts | Accounts with accounts type group | |
| 2024-06-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.