WCT GROUP HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  Following the expiry of the franchise in December 2019, West Coast ceased to trade and the Group no longer has any investments in operational companies. As the Directors do not intend to acquire a replacement trade for West Coast, they have not prepared these financial statements on a going concern basis, consistent with the prior year.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -100%

  £380,000 → £0

• Cash

  -56.9%

  £1,328,000 → £572,000

• Net assets

  -78.9%

  £511,000 → £108,000

• Employees

  —

  Not reported

• Operating profit

  -1.4%

  £359,000 → £354,000

• Profit before tax

  -2.9%

  £381,000 → £370,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. WCT GROUP HOLDINGS LIMITED 2021-03-29 → present
2. VIRGIN RAIL GROUP HOLDINGS LIMITED 2001-08-16 → 2021-03-29
3. PRECIS (2015) LIMITED 2001-04-09 → 2001-08-16

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

ML Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Following the expiry of the franchise in December 2019, West Coast ceased to trade and the Group no longer has any investments in operational companies. As the Directors do not intend to acquire a replacement trade for West Coast, they have not prepared these financial statements on a going concern basis, consistent with the prior year.”

Group structure

1. WCT GROUP HOLDINGS LIMITED · parent
   1. WCT Group Limited 99.74% · England and Wales
   2. West Coast Trains Limited 100% · England and Wales · operated passenger rail services
   3. Redstar Ticketing Limited 100% · England and Wales

Significant events

• “Following the expiry of the franchise in December 2019, West Coast ceased to trade and the Group no longer has any investments in operational companies. As the Directors do not intend to acquire a replacement trade for West Coast, they have not prepared these financial statements on a going concern basis, consistent with the prior year.”
• “Although not trading as a train operating company, the Group was able to finalise settlements in respect of certain assets and liabilities, related to the expiry of the franchise agreement.”
• “The Group continues to be engaged in the winding down of the remaining residual assets and liabilities.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.