PORTERBROOK LEASING COMPANY LIMITED
Operating as one of the UK's major rolling stock companies (ROSCOs), the business leases trains, locomotives, and related assets to passenger and freight railway operators and is a wholly owned subsidiary of Porterbrook Leasing Mid Company Ltd.
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Cash
£50m
+150.9% highest in 3 filed years
Net assets
£255m
+13.8% highest in 3 filed years
Employees
78
0% vs 2024
Profit before tax
£122m
+37.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £372,431,000 | £360,975,000 | £415,119,000 | +15% | |
| Operating profit | £113,918,000 | £108,721,000 | £99,777,000 | -8.2% | |
| Profit before tax | £144,223,000 | £88,756,000 | £121,943,000 | +37.4% | |
| Net profit | £153,649,000 | £98,646,000 | £131,885,000 | +33.7% | |
| Cash | £27,123,000 | £19,878,000 | £49,868,000 | +150.9% | |
| Total assets less current liabilities | £2,533,201,000 | £2,468,069,000 | £2,411,808,000 | -2.3% | |
| Net assets | £214,866,000 | £223,851,000 | £254,764,000 | +13.8% | |
| Equity | £214,866,000 | £223,851,000 | £254,764,000 | +13.8% | |
| Average employees | 80 | 78 | 78 | 0% | |
| Wages | £9,956,000 | £9,519,000 | £11,479,000 | +20.6% | |
| Directors' remuneration | £3,913,000 | £4,010,000 | £4,606,000 | +14.9% | |
| Highest paid director | £1,382,733 | £1,280,903 | £1,439,085 | +12.3% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 30.6% | 30.1% | 24.0% | |
| Net margin | 41.3% | 27.3% | 31.8% | |
| Return on capital employed | 4.5% | 4.4% | 4.1% | |
| Gearing (liabilities / total assets) | 92.5% | 92.0% | 90.8% | |
| Current ratio | 0.10x | 0.09x | 0.19x | |
| Interest cover | 0.74x | 7.34x | 0.70x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company is well placed to manage its business risks successfully in the current economic environment. As a consequence, the Directors believe that the Company is well placed to manage its business risks successfully in the current economic environment.”
Group structure
- PORTERBROOK LEASING COMPANY LIMITED · parent
- Porterbrook Maintenance Limited 100%
- Porterbrook March Leasing (4) Limited 100%
- Porterbrook Leasing Asset Company Limited 100%
Significant events
- “In March, PLCL extended capital leases with NTL for 316 vehicles across 7 Class-types, securing revenues up to March 2032, with options to 2034.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
20 active · 68 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCLURE, Christopher Bonnar | Secretary | 2018-02-07 | — | — |
| ACKROYD, Benjamin John | Director | 2022-03-21 | Mar 1981 | British |
| BALL, Stephen Edward | Director | 2026-02-01 | Sep 1983 | British |
| BOWLING, James Nicholas | Director | 2023-12-01 | Nov 1968 | British |
| CORTES, Juan Guillermo Cediel | Director | 2026-02-04 | Feb 1991 | Spanish |
| COX, Andrew Julian Frederick | Director | 2016-12-15 | Apr 1967 | British |
| DUGHER, Timothy Richard | Director | 2026-07-01 | Sep 1959 | British |
| GRANT, Mary Alexander | Director | 2017-09-29 | Dec 1969 | British |
| HARBORA, Adam James | Director | 2016-04-26 | Feb 1984 | Canadian |
| LEZAMA, Kerron Kwame | Director | 2026-06-09 | Nov 1983 | British |
| LOVE, Brian | Director | 2023-04-26 | May 1979 | British |
| MCCLURE, Christopher Bonnar | Director | 2018-02-07 | Nov 1963 | British |
| MCDONAGH, John | Director | 2022-01-07 | May 1969 | British |
| MONTAGUE, Adrian, Sir | Director | 2020-07-09 | Feb 1948 | British |
| MUBASHIR, Syed Ahmed | Director | 2026-01-08 | Apr 1984 | Canadian |
| PIEYRE, Alexandre | Director | 2023-02-17 | Feb 1977 | French |
| PITT, Andrew Christopher | Director | 2017-05-01 | Apr 1959 | British |
| ROSE, Stefan Jay | Director | 2021-03-30 | May 1979 | British |
| RUECKER, Alexandra Erika | Director | 2026-01-08 | May 1988 | German |
| TATARU, Roxana | Director | 2022-09-30 | Jun 1989 | British |
Show 68 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORK, Raymond Michael | Secretary | 1995-08-14 | 1997-08-13 |
| FRANCIS, Paul Andrew | Secretary | 1997-07-15 | 2000-04-20 |
| HEWETT, Peter Graham | Secretary | 1995-03-10 | 1995-08-14 |
| MCGURK, Stephen James | Secretary | 2008-12-03 | 2018-02-07 |
| PORTER, Ralph Anthony | Secretary | 1994-03-21 | 1995-03-10 |
| ABBEY NATIONAL SECRETARIAT SERVICES LIMITED | Corporate Secretary | 2000-04-20 | 2008-12-03 |
| ABBOTT, Haydn Turner | Director | 2014-12-17 | 2024-12-31 |
| ANDERSON, Alexander Campbell | Director | 1996-09-03 | 2002-06-30 |
| ANDERSON, Alexander Campbell | Director | 1994-07-20 | 1996-08-28 |
| ANDRE, Olivier | Director | 2015-03-19 | 2017-12-22 |
| BUFFERY, Daniel | Director | 2014-02-28 | 2014-10-21 |
| CAIRNS, Ian George | Director | 1995-03-16 | 1996-07-04 |
| CLEMENTSON, Brian Leonard | Director | 1994-03-21 | 1995-04-28 |
| COATES, Peter Timothy | Director | 2017-11-28 | 2022-12-30 |
| COCHRANE, Keith Robertson | Director | 1996-08-28 | 2000-02-14 |
| CORK, Raymond Michael | Director | 1995-03-16 | 1997-08-13 |
| CROSBIE, Mark John | Director | 2009-01-28 | 2014-10-21 |
| D'ANTHENAY, Pierre Benoist | Director | 2018-05-29 | 2023-02-17 |
| D'ENGREMONT, Guillaume Charles | Director | 2014-11-28 | 2018-04-30 |
| DAY, William Joshua | Director | 2006-09-28 | 2017-11-28 |
| DREW, Rachel Amelia | Director | 2018-08-23 | 2021-11-10 |
| DUGHER, Tim Richard | Director | 2015-02-25 | 2025-12-31 |
| EDWARDS, Shirley Ann Elizabeth | Director | 2000-04-20 | 2002-04-12 |
| FINGERLE, Christian Herbert, Dr | Director | 2014-11-28 | 2016-12-15 |
| FRANCIS, Paul Andrew | Director | 1997-07-15 | 2017-09-29 |
| GILBERT, Timothy Peter | Director | 2007-05-01 | 2014-04-05 |
| GILBERT, Timothy Peter | Director | 1996-08-27 | 2003-06-03 |
| GOODMAN, Sharon | Director | 2001-01-17 | 2002-01-23 |
| HEAPS, Christopher Seymour | Director | 2006-07-31 | 2007-02-19 |
| HEAPS, Christopher Seymour | Director | 2000-09-20 | 2002-06-30 |
| HOLZER, Christoph | Director | 2014-11-28 | 2020-01-07 |
| HOWARD, Keith Robert | Director | 2006-06-12 | 2015-04-28 |
| HOWARD, Keith Robert | Director | 1998-07-10 | 2002-07-04 |
| JACKSON, Mark Cunliffe | Director | 2004-09-17 | 2008-10-21 |
| JENNER, Terence Anthony | Director | 1994-03-28 | 1995-08-14 |
| JERRAM, Jeremy James | Director | 1994-07-07 | 1995-08-14 |
| JOHN, David Adams | Director | 2000-06-01 | 2002-06-30 |
| JONES, David Gareth | Director | 2000-04-20 | 2001-10-31 |
| KOLENC, Stanislav Michael | Director | 2009-02-26 | 2014-02-28 |
| KORPANCOVA, Jaroslava | Director | 2014-10-21 | 2014-11-28 |
| LEONARD, Alexander | Director | 2021-06-10 | 2022-12-13 |
| LEWIS, Alan Stuart | Director | 2009-08-27 | 2015-12-15 |
| LOWE, William Nairn | Director | 2001-05-25 | 2002-07-08 |
| MALAN, Paul | Director | 2011-05-10 | 2014-10-21 |
| MCCORMICK, Stefan | Director | 2004-03-01 | 2006-05-18 |
| MCGURK, Stephen James | Director | 2007-05-01 | 2021-09-01 |
| MCLEAN, Mark Anthony | Director | 2009-01-28 | 2011-05-10 |
| MERRICK, Anna | Director | 2000-04-20 | 2005-05-31 |
| MILNER, Joanne | Director | 2010-07-29 | 2010-10-15 |
| OPPERMAN, Peter Adam Ernest | Director | 2009-03-26 | 2009-08-27 |
| PAIN, Mark Andrew | Director | 2001-11-01 | 2002-07-05 |
| POLLACK, Eliav Gedalia | Director | 2024-07-18 | 2026-06-09 |
| PRITCHARD, Jamie | Director | 2022-01-07 | 2023-04-21 |
| ROBB, John Robert | Director | 1997-07-28 | 1998-12-31 |
| ROSATI, Valeria, Ms | Director | 2014-10-21 | 2021-11-10 |
| ROSEKE, Kevin Benjamin | Director | 2014-10-21 | 2019-08-23 |
| RUIZ, Juan Vazquez | Director | 2020-02-13 | 2022-09-30 |
| SOUTER, Brian | Director | 1996-08-28 | 1997-09-11 |
| STAHL, Melchior | Director | 2014-11-28 | 2016-12-15 |
| SUNDERLAND, Godfrey Russell | Director | 1995-08-22 | 1996-01-08 |
| SWEETMAN, Jonathan Michael | Director | 2002-03-04 | 2004-03-01 |
| SZCZEPANIAK, Marissa Ann | Director | 2014-11-28 | 2021-06-21 |
| TAYLOR, Robert William | Director | 2022-11-02 | 2026-02-01 |
| WATSON, Peter | Director | 1994-03-21 | 1994-07-06 |
| WHITE, Alexander Crone | Director | 2002-08-23 | 2016-01-29 |
| WHITE, Philip Michael | Director | 2016-04-26 | 2019-12-31 |
| WILLETTS, Adrian | Director | 2009-01-28 | 2010-06-25 |
| ZASS, Roee | Director | 2022-01-07 | 2024-07-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Porterbrook Leasing Mid Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 313 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-07-31 | CH01 | officers | Change person director company with change date | |
| 2026-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-25 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-07-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 6
- Officers resigned
- 3
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.