HS1 LIMITED
Trading as London St. Pancras Highspeed and majority-owned by Helix Acquisition Ltd, the company holds the concession to manage and operate the High Speed 1 railway line and its associated international stations.
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Cash
£3m
-16.7% vs 2025
Net assets
£703m
+14.9% highest in 4 filed years
Employees
62
+5.1% highest in 3 filed years
Profit before tax
£133m
-2.6% vs 2025
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £299,800,000 | £293,400,000 | £291,900,000 | -0.5% | |
| Operating profit | — | £52,000,000 | £58,200,000 | £42,300,000 | -27.3% | |
| Profit before tax | — | £101,400,000 | £136,600,000 | £133,000,000 | -2.6% | |
| Net profit | — | £101,600,000 | £121,700,000 | £115,300,000 | -5.3% | |
| Cash | £2,800,000 | £9,300,000 | £3,600,000 | £3,000,000 | -16.7% | |
| Total assets less current liabilities | £3,586,000,000 | £3,617,500,000 | £3,655,000,000 | £3,689,900,000 | +1% | |
| Net assets | £324,000,000 | £445,400,000 | £612,100,000 | £703,100,000 | +14.9% | |
| Equity | £324,000,000 | £445,400,000 | £612,100,000 | £703,100,000 | +14.9% | |
| Average employees | — | 60 | 59 | 62 | +5.1% | |
| Wages | — | £7,300,000 | £7,100,000 | £7,900,000 | +11.3% | |
| Directors' remuneration | — | £2,221,000 | £876,000 | £1,259,000 | +43.7% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | 17.3% | 19.8% | 14.5% | |
| Net margin | — | 33.9% | 41.5% | 39.5% | |
| Return on capital employed | — | 1.4% | 1.6% | 1.1% | |
| Gearing (liabilities / total assets) | 91.5% | 88.6% | 84.6% | — | |
| Current ratio | 0.76x | 0.39x | 0.35x | 0.34x | |
| Interest cover | — | 0.30x | 0.39x | 0.29x |
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
- HS1 LIMITED 2008-07-01 → present
- UNION RAILWAYS (NORTH) LIMITED 1998-09-04 → 2008-07-01
- PRECIS (1636) LIMITED 1998-04-02 → 1998-09-04
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“For the year-ended 31 March 2026, the Directors have concluded that there is no material uncertainty that may cast significant doubt that the Company will be able to operate as a going concern.”
Group structure
- HS1 LIMITED · parent
- High Speed One (HS1) Limited 100%
Significant events
- “Following the publication of the Office of Rail and Road's ("ORR") independent capacity assessment of Temple Mills International Depot in March 2025... a further decision was made by the ORR in October 2025 to award this available capacity to VTE Holdings Limited.”
- “The Company launched an international growth incentive scheme, which aims to boost international rail travel, offer more alternatives to short-haul flights, support the UK's net zero goals, stimulate the economy, and give passengers more choice and lower fares.”
- “The electronic Entry/Exit System ("EES") went live in Autumn 2025, followed by a six-month phased rollout. Full implementation occurred on 10th April 2026, with a further three-month period during which partial suspension is permitted.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 52 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GOULD, Caroline Mary | Secretary | 2023-10-19 | — | — |
| CARTER, Jonathan Laurence David | Director | 2024-04-25 | Oct 1989 | British |
| CURLEY, John Hamilton Ainsworth | Director | 2015-08-01 | Jan 1954 | British |
| GURNEY-READ, Ross Adam | Director | 2024-10-17 | Sep 1991 | British |
| JONES, Siôn Laurence | Director | 2017-09-06 | Apr 1974 | British |
| LENESS, Amanda Vanderneth | Director | 2019-01-28 | May 1967 | British |
| LUDEMAN, Keith Lawrence | Director | 2018-04-30 | Jan 1950 | British |
| MERLE, Virginie | Director | 2024-10-17 | May 1980 | French |
| OSBORNE, Michael Peter Francis | Director | 2022-03-10 | Oct 1980 | British |
| PITT, Andrew Christopher | Director | 2018-07-20 | Apr 1959 | British |
| SINCLAIR, Robert Gary | Director | 2024-03-14 | Aug 1966 | New Zealander |
Show 52 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURTON, Lesley Elizabeth | Secretary | 1998-12-04 | 1999-04-21 |
| CLARKE-BODICOAT, Lucy Ann | Secretary | 2011-09-22 | 2023-05-11 |
| HAMILL, Christopher Hugh | Secretary | 1999-04-21 | 2010-11-18 |
| OFFICE ORGANIZATION & SERVICES LIMITED | Corporate Secretary | 1998-05-20 | 1998-12-04 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-04-02 | 1998-05-20 |
| ALLETT, Edward John | Director | 2004-03-09 | 2008-04-10 |
| BELL, Walter Carlin | Director | 2006-01-23 | 2007-12-31 |
| BELL, Walter Carlin | Director | 1999-01-07 | 2003-12-31 |
| BHUWANIA, Achal Prakash | Director | 2017-09-06 | 2019-01-28 |
| BRADBURY, Kenton Edward | Director | 2015-12-04 | 2017-05-05 |
| BUSSLINGER, Philippe Anastase | Director | 2013-08-20 | 2015-12-04 |
| BUSSLINGER, Philippe Anastase | Director | 2010-11-18 | 2012-02-16 |
| BYERS, Richard | Director | 2010-11-18 | 2011-04-14 |
| CHAPMAN, Paul Michael | Director | 2008-01-21 | 2010-11-18 |
| CROWTHER, Diane | Director | 2023-01-25 | 2023-12-15 |
| CURLEY, John Hamilton | Director | 2009-05-11 | 2010-11-18 |
| DEACON, Andrew Brian | Director | 2021-06-11 | 2023-01-25 |
| DUNNING, Pamela Elizabeth | Director | 1998-04-02 | 1998-08-19 |
| DYKE, Alan Paul | Director | 2001-06-29 | 2005-08-31 |
| FARRER, Alan Mark | Director | 2023-01-25 | 2024-04-19 |
| GOODING, Richard Ernest | Director | 2012-09-20 | 2015-06-19 |
| GUCCIONE, John Anthony | Director | 2016-06-15 | 2017-09-06 |
| GUNN, Graham Grant | Director | 2009-06-09 | 2010-11-18 |
| HALL, Alastair Colin | Director | 2017-05-05 | 2017-09-06 |
| HAMILL, Christopher Hugh | Director | 1998-12-04 | 2010-11-18 |
| HARDING, David John | Director | 2019-06-12 | 2022-07-01 |
| HARGRAVE, Eric Vernon | Director | 2015-06-19 | 2017-09-06 |
| HOLDEN, Robert David | Director | 1998-12-04 | 2009-03-31 |
| HOOD, Colin | Director | 2011-04-14 | 2017-12-08 |
| KABERRY, Christopher Donald, Sir | Director | 2004-03-09 | 2010-06-07 |
| KERR, Kevin | Director | 2010-11-18 | 2011-02-17 |
| LOOMES, Ben Robert | Director | 2017-09-06 | 2018-11-19 |
| MCMANUS, John James | Director | 2012-02-16 | 2016-06-15 |
| MEYER-MALLORIE, Thomas Albert | Director | 2015-12-04 | 2017-05-05 |
| NEWTON, Robert James | Director | 2017-09-06 | 2017-12-08 |
| O'HALLORAN, James Anthony | Director | 2017-09-06 | 2018-04-30 |
| PICKETT, Darrin Ross | Director | 2010-11-18 | 2015-06-19 |
| POINTON, David John | Director | 2005-09-06 | 2008-01-18 |
| PREECE, Andrew Douglas | Director | 1998-09-23 | 1998-12-04 |
| RACINE, Olivier-Marie Henri | Director | 2021-06-11 | 2024-10-17 |
| ROBERTS, Gareth John | Director | 1998-08-19 | 1998-12-04 |
| ROBSON, Patrick Thomas | Director | 2019-06-12 | 2024-02-23 |
| SHERMAN, Sebastien Bernard | Director | 2010-11-18 | 2013-08-20 |
| SMART, Timothy John | Director | 2008-12-01 | 2010-11-18 |
| SPRINGETT, Scott | Director | 2017-12-08 | 2021-06-11 |
| STANTON, David Mark | Director | 2016-06-15 | 2017-09-06 |
| STEEDMAN, Olivia Penelope, Ms. | Director | 2011-02-17 | 2016-06-15 |
| THOMAZI, Charles | Director | 2010-11-18 | 2012-09-20 |
| WAYMENT, Mark Christopher | Director | 2017-09-06 | 2018-07-20 |
| WELSBY, John Kay | Director | 2006-01-23 | 2007-12-31 |
| WILSON, Clare Alice | Director | 1998-04-02 | 1998-09-23 |
| WOODHAMS, Mark Richard | Director | 2018-04-30 | 2021-06-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Betjeman Holdings Limited | Corporate entity | Significant influence | 2017-09-06 | Active |
| Helix Acquisition Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-10-10 | Active |
Filing timeline
Last 20 of 297 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-14 | AA | accounts | Accounts with accounts type full | |
| 2026-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | CH01 | officers | Change person director company with change date | |
| 2025-10-29 | CH01 | officers | Change person director company with change date | |
| 2025-08-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | CH01 | officers | Change person director company with change date | |
| 2023-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-08 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-07-15 | AA | accounts | Accounts with accounts type full | |
| 2023-05-18 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.