NETWORK RAIL INTERNATIONAL LIMITED
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Cash
£7.1m
-35% vs 2025
Net assets
£9.8m
-18.1% vs 2025
Employees
171
+1.8% vs 2025
Profit before tax
£24k
-99.4% lowest in 3 filed years
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £32,399,000 | £47,406,000 | £34,531,000 | -27.2% | |
| Operating profit | £2,513,000 | £4,966,000 | £334,000 | -93.3% | |
| Profit before tax | £2,253,000 | £4,316,000 | £24,000 | -99.4% | |
| Net profit | £940,000 | £3,021,000 | -£1,025,000 | -133.9% | |
| Cash | £1,921,000 | £10,996,000 | £7,149,000 | -35% | |
| Total assets less current liabilities | £9,625,000 | £15,315,000 | £12,060,000 | -21.3% | |
| Net assets | £9,407,000 | £11,960,000 | £9,793,000 | -18.1% | |
| Equity | £9,407,000 | £11,960,000 | £9,793,000 | -18.1% | |
| Average employees | — | 168 | 171 | +1.8% | |
| Wages | — | — | — | — | |
| Directors' remuneration | £530,000 | £684,000 | £676,000 | -1.2% | |
| Directors' pension contributions | £38,000 | £40,000 | £39,000 | -2.5% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 7.8% | 10.5% | 1.0% | |
| Net margin | 2.9% | 6.4% | -3.0% | |
| Return on capital employed | 26.1% | 32.4% | 2.8% | |
| Gearing (liabilities / total assets) | 45.1% | 46.0% | 41.2% | |
| Current ratio | 2.09x | 2.13x | — | |
| Interest cover | 9.67x | 7.64x | 1.08x |
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 3 times since incorporation
- NETWORK RAIL INTERNATIONAL LIMITED 2021-12-06 → present
- NETWORK RAIL (PROJECTS) LIMITED 2003-01-22 → 2021-12-06
- RAILTRACK (PROJECTS) LIMITED 1998-07-30 → 2003-01-22
- RAILTRACK (UK) LIMITED 1994-06-15 → 1998-07-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these forecasts, the availability of the undrawn facility, and the Group's current trading performance, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Network Rail has provided NRI and its subsidiaries with a signed letter of support dated 26th June 2026 to guarantee support for a period of twelve months.”
Group structure
- NETWORK RAIL INTERNATIONAL LIMITED · parent
- Network Rail Consulting Ltd 100%
- Network Rail Consulting Pty Ltd 100%
- Network Rail Consulting Inc. 100%
- Network Rail Consulting (Canada) Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NR CORPORATE SECRETARY LIMITED | Corporate Secretary | 2014-10-20 | — | — |
| ASH, Nigel Alexander | Director | 2021-12-02 | May 1962 | British |
| FRANCES, Leila Emma Nicole | Director | 2025-05-01 | Sep 1973 | British |
| MAGUIRE, Rachel | Director | 2024-07-01 | Mar 1977 | British |
| MARSHALL, Paul Daniel | Director | 2025-09-30 | Sep 1979 | British |
| PRIOR, Mark Richard | Director | 2023-09-19 | Jun 1962 | British |
| REYNOLDS, Neil Martin | Director | 2023-03-15 | May 1961 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Kenneth Iain | Secretary | 2002-01-17 | 2003-10-28 |
| CRAWFORD, Lindsay | Secretary | 2001-05-18 | 2009-05-29 |
| HOLMAN, Jacqueline Frances | Secretary | 1995-09-18 | 1998-12-01 |
| JOBLING, Natalie Helen | Secretary | 2009-05-29 | 2014-10-20 |
| OSBORNE, Simon Kingsley | Secretary | 1994-06-15 | 2002-01-17 |
| WORTHINGTON, Paul Frank | Secretary | 1998-12-01 | 2002-01-17 |
| BROWN, Kenneth Iain | Director | 2002-01-17 | 2004-06-11 |
| CHIME, Winifred Njideka | Director | 2011-10-01 | 2014-10-20 |
| CRAWFORD, Lindsay | Director | 2002-01-17 | 2009-05-29 |
| DOBBS, Ian Ralph | Director | 2021-12-02 | 2025-03-31 |
| JOBLING, Natalie Helen | Director | 2009-05-29 | 2015-10-09 |
| MARTIN, Helen Jane | Director | 2021-05-28 | 2021-12-02 |
| MOSS, David Christopher | Director | 1994-06-15 | 1999-12-20 |
| NOBLE, Andrew Christopher John | Director | 2021-12-02 | 2024-07-31 |
| OSBORNE, Simon Kingsley | Director | 1994-06-15 | 2002-01-17 |
| RAMSHAW, Ian David | Director | 2017-02-03 | 2021-12-02 |
| ROWLAND, John Philip | Director | 2015-10-09 | 2021-05-28 |
| SHOVELLER, Timothy Colin | Director | 2022-01-01 | 2023-08-17 |
| THOMPSON, Ashley | Director | 2015-11-05 | 2016-09-30 |
| WALKER, Hazel Louise | Director | 2004-06-11 | 2011-09-30 |
| WESTLAKE, Jeremy William | Director | 2021-12-02 | 2025-12-17 |
| WORTHINGTON, Paul Frank | Director | 1999-12-20 | 2002-01-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Network Rail Infrastructure Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 143 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-05 | AA | accounts | Accounts with accounts type group | |
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-27 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-07-24 | AA | accounts | Accounts with accounts type group | |
| 2025-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-12 | AA | accounts | Accounts with accounts type group | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | AA | accounts | Accounts with accounts type group | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2023-04-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2023-04-11 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.