SOUTH WESTERN RAILWAY LIMITED
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Cash
£94m
+9,395,700% vs 2025
Net assets
£2.5m
+254,900% vs 2025
Employees
4,856
Average over period
Profit before tax
£10m
Period ending 2026-03-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | £1,074,707,000 | — | |
| Operating profit | — | £26,347,000 | — | |
| Profit before tax | — | £10,429,000 | — | |
| Net profit | — | £8,330,000 | — | |
| Cash | £1,000 | £93,958,000 | +9,395,700% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£1,000 | £2,548,000 | +254,900% | |
| Equity | — | £2,548,000 | — | |
| Average employees | — | 4,856 | — | |
| Wages | — | £284,071,000 | — | |
| Directors' remuneration | — | £487,000 | — | |
| Directors' pension contributions | — | £28,000 | — | |
| Highest paid director | — | £299,000 | — |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-03-31 | 2026-03-31 |
|---|---|---|---|
| Operating margin | — | 2.5% | |
| Net margin | — | 0.8% | |
| Gearing (liabilities / total assets) | 200.0% | 99.5% | |
| Interest cover | — | 1.55x |
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
- SOUTH WESTERN RAILWAY LIMITED 2021-02-17 → present
- DFT OLR5 LIMITED 2019-03-20 → 2021-02-17
- THAMESLINK LIMITED 2013-11-29 → 2019-03-20
- GOLDING'S RAIL LIMITED 1996-12-03 → 2013-11-29
- HACKREMCO (NO.1178) LIMITED 1996-10-22 → 1996-12-03
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- National Audit Office
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company have adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “On 25 May 2025, SWR entered into a Service Agreement with the Secretary of State for Transport as a publicly owned train company succeeding First Group.”
- “The service agreement runs until 28 May 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HODGKINSON, Charlanne Victoria | Secretary | 2025-05-25 | — | — |
| BOWMAN, Lawrence Matthew | Director | 2025-05-21 | Feb 1981 | British |
| HARRISON, Richard Charles Vyvyan | Director | 2025-05-25 | Aug 1967 | British |
| HYNES, Alexander John | Director | 2026-01-05 | Mar 1977 | British |
| LEWIS, Karen Mary | Director | 2025-05-25 | Sep 1969 | British |
| RICHARDS, James David | Director | 2026-06-02 | Feb 1968 | British |
| TURNER, Samantha | Director | 2026-01-22 | May 1974 | British |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENTLEY, Matthew Philip | Secretary | 2020-09-22 | 2025-05-25 |
| BRAYBROOK, Sonia Anita | Secretary | 2005-07-29 | 2013-11-21 |
| CUNNINGHAM, Stephanie Jade | Secretary | 2019-03-05 | 2020-06-26 |
| DAWSON, Trevor | Secretary | 2015-12-31 | 2016-09-23 |
| HYLAND, Matthew William Edward | Secretary | 1997-08-18 | 2005-01-28 |
| SINCLAIR, Janet Elizabeth | Secretary | 2005-01-28 | 2005-07-24 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-10-22 | 1997-08-18 |
| BACKLER, Gary George | Director | 2003-01-13 | 2010-12-17 |
| BENNETT, David Clive | Director | 2015-12-31 | 2021-06-16 |
| BORKWOOD, Arthur Sam Jerome | Director | 2024-07-11 | 2025-05-25 |
| CANTWELL, Richard Charles | Director | 2015-12-31 | 2019-03-05 |
| FRIZZELL, Graeme Paul | Director | 2025-02-10 | 2025-02-12 |
| FRIZZELL, Graeme Paul | Director | 2024-07-11 | 2025-02-10 |
| GISBY, Robin William, Mr. | Director | 2025-05-25 | 2025-12-23 |
| GRADY, Peter | Director | 2021-02-16 | 2025-02-12 |
| HADDOCK, Dominic Nigel | Director | 2021-02-16 | 2023-10-27 |
| HOLDEN, Michael Peter, Sir | Director | 2013-11-21 | 2015-12-31 |
| MACDONALD, Andrew Neil | Director | 2022-06-13 | 2025-05-25 |
| MACQUARRIE, John | Director | 2021-06-16 | 2022-06-13 |
| MORRIS, Richard John | Director | 1999-10-20 | 2001-09-13 |
| MURRAY, Andrew Bernard | Director | 2010-12-17 | 2013-11-21 |
| NEWTON, Nicholas George | Director | 1996-12-12 | 2005-07-24 |
| PATTINGTON, Helen Jane | Director | 2019-03-05 | 2021-02-16 |
| PERCIVAL, James Alan | Director | 2025-05-25 | 2026-01-22 |
| REA, David Ian | Director | 2003-01-13 | 2011-03-21 |
| REES, Timothy Lodwick | Director | 2025-02-10 | 2025-05-25 |
| RODGERS, Paul David | Director | 2011-03-21 | 2013-11-21 |
| SMITH, Simon Alexander | Director | 2019-03-05 | 2023-09-23 |
| STRESSING, Rachel Gemma | Director | 2025-02-10 | 2025-02-12 |
| STRESSING, Rachel Gemma | Director | 2024-11-12 | 2025-02-10 |
| SUTHERLAND, George William Douglas | Director | 2013-11-21 | 2015-12-31 |
| TALBOT, Liam Charles | Director | 2025-02-10 | 2025-02-12 |
| TALBOT, Liam Charles | Director | 2020-01-06 | 2025-02-10 |
| TERLECKY, Iryna | Director | 1999-10-20 | 2005-07-24 |
| TUCK, Elaine | Director | 2025-02-10 | 2025-05-25 |
| WALKER, David Eric | Director | 2013-11-21 | 2015-12-31 |
| WARE, Julian Robert | Director | 1996-12-12 | 1999-10-12 |
| WHITE, Fiona Ann | Director | 2023-10-10 | 2024-07-11 |
| WILKINSON, Peter William | Director | 2015-12-31 | 2019-01-11 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 1996-10-22 | 1996-12-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dft Operator Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-05 | Active |
| Directly Operated Railways Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence (as firm) | 2016-06-01 | Ceased 2019-03-05 |
Filing timeline
Last 20 of 189 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-27 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2025-11-27 | PARENT_ACC | accounts | Legacy | |
| 2025-06-17 | GUARANTEE2 | other | Legacy | |
| 2025-06-17 | AGREEMENT2 | other | Legacy | |
| 2025-05-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-25 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 3
- 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.