MERSEYRAIL ELECTRICS 2002 LIMITED
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Cash
£57m
+8.8% highest in 3 filed years
Net assets
£16m
+30.4% highest in 3 filed years
Employees
1,206
+0.5% highest in 3 filed years
Profit before tax
£26m
-16% 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 2026-01-03
| Metric | Trend | 2024-01-06 | 2025-01-04 | 2026-01-03 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £224,158,000 | £228,777,000 | £235,135,000 | +2.8% | |
| Operating profit | £41,924,000 | £28,894,000 | £24,675,000 | -14.6% | |
| Profit before tax | £43,923,000 | £31,165,000 | £26,181,000 | -16% | |
| Net profit | £33,570,000 | £23,411,000 | £19,573,000 | -16.4% | |
| Cash | £27,258,000 | £52,381,000 | £57,016,000 | +8.8% | |
| Total assets less current liabilities | £15,189,000 | £12,176,000 | £15,878,000 | +30.4% | |
| Net assets | £15,189,000 | £12,176,000 | £15,878,000 | +30.4% | |
| Equity | £15,189,000 | £12,176,000 | £15,878,000 | +30.4% | |
| Average employees | 1,182 | 1,200 | 1,206 | +0.5% | |
| Wages | £57,169,000 | £60,033,000 | £63,091,000 | +5.1% | |
| Directors' remuneration | £796,000 | £453,000 | £495,000 | +9.3% | |
| Directors' pension contributions | £37,000 | £30,000 | £33,000 | +10% | |
| Highest paid director | £350,000 | £231,000 | £275,000 | +19% |
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 | 2024-01-06 | 2025-01-04 | 2026-01-03 |
|---|---|---|---|---|
| Operating margin | 18.7% | 12.6% | 10.5% | |
| Net margin | 15.0% | 10.2% | 8.3% | |
| Return on capital employed | 276.0% | 237.3% | 155.4% | |
| Gearing (liabilities / total assets) | 68.1% | 84.7% | 81.5% | |
| Current ratio | 1.39x | 1.11x | 1.15x | |
| Interest cover | — | — | 38.20x |
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 1 time since incorporation
- MERSEYRAIL ELECTRICS 2002 LIMITED 2002-04-08 → present
- BROOMCO (2813) LIMITED 2002-01-21 → 2002-04-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have continued to adopt the going concern basis in preparing these financial statements after assessing the financial forecasts of the company for the period to 14 August 2027”
Significant events
- “Phase 1 of Tap & Go launched in August 2025 (smartcard payment only), followed by Phase 2 in February 2026 (contactless bankcards, smartphones, watches etc) while the full upgrade of hardware is due to be complete by the end of March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 56 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAILEY, Simon Richard | Director | 2024-03-20 | Oct 1968 | British |
| BOOTH, Dominic Daniel Gerard | Director | 2007-01-29 | Dec 1963 | British |
| CONNEELY, Gillian Rosarie | Director | 2023-02-23 | Oct 1974 | Irish |
| GRABHAM, Neil Albert | Director | 2023-08-01 | Mar 1970 | British |
| GRANT, Suzanne | Director | 2026-08-26 | Mar 1980 | British |
| HARRIS, Christiaan Spencer | Director | 2017-01-25 | Sep 1974 | British |
| MAHER, Christopher Terence | Director | 2022-09-07 | Jul 1984 | English |
| STRACHAN, Peter | Director | 2017-08-09 | Aug 1959 | British |
| WALKER, Edward Grosvenor | Director | 2024-10-02 | May 1975 | British |
Show 56 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TODD, Francesca Anne | Secretary | 2003-07-20 | 2006-05-31 |
| WILKINSON, John David | Secretary | 2002-04-03 | 2003-07-20 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 2002-01-21 | 2002-04-03 |
| SERCO CORPORATE SERVICES LIMITED | Corporate Secretary | 2006-05-31 | 2023-08-01 |
| BARTHOLOMEW, Lee Harvey | Director | 2005-05-12 | 2007-11-29 |
| BATTY, Lesley Anne | Director | 2008-02-21 | 2011-05-19 |
| BEABLE, Martin Henry | Director | 2023-11-01 | 2024-10-02 |
| BOWEN, Jeremy Paul | Director | 2011-10-06 | 2020-01-31 |
| BROWN, Jonathan David | Director | 2012-04-19 | 2013-11-01 |
| BROWN, Matthew Charles | Director | 2010-03-01 | 2012-01-05 |
| BROWN, Nicholas James Forster | Director | 2005-12-01 | 2007-11-29 |
| BULLOCK, Ian Peter | Director | 2003-07-20 | 2003-10-20 |
| BURDSALL, Brian Robert | Director | 2003-07-20 | 2005-12-31 |
| CHAPLIN, Alan James | Director | 2015-01-22 | 2015-12-24 |
| CHAUDHRY, Jan | Director | 2012-03-22 | 2017-12-09 |
| CURLEY, John Hamilton | Director | 2011-09-08 | 2012-10-04 |
| DOOSJE, Irene Judith | Director | 2003-07-20 | 2006-07-12 |
| EDWARDS, Julian | Director | 2011-09-08 | 2017-01-25 |
| EMMERINK, Richard Hilarius Maria, Dr | Director | 2003-07-20 | 2007-04-23 |
| ENGLISH, Jane Christine | Director | 2018-01-05 | 2023-11-29 |
| FISHER, Peter Brian | Director | 2002-04-03 | 2003-07-20 |
| FLAHERTY, Ryan Robert | Director | 2015-04-15 | 2017-08-09 |
| GRUNDY, James Alexander Lewis | Director | 2023-05-24 | 2023-10-31 |
| HEATH, Andrew Joseph | Director | 2003-11-20 | 2023-05-24 |
| HERON, John Michael | Director | 2017-03-29 | 2023-02-23 |
| JESTIN, Emma Jane | Director | 2020-06-17 | 2022-06-10 |
| KAYE, David Andrew | Director | 2020-10-07 | 2023-05-24 |
| KIMBERLEY, Christopher | Director | 2014-10-30 | 2015-04-15 |
| LOCKYEAR, Michael John, Dr | Director | 2003-07-20 | 2005-05-12 |
| MCLAREN, Ian | Director | 2004-09-03 | 2007-02-09 |
| MEADOWS, Andrew Brian | Director | 2017-07-12 | 2020-10-07 |
| MORTON, Peter | Director | 2007-03-05 | 2011-10-07 |
| PILBEAM, Alan Thomas | Director | 2016-02-24 | 2017-07-12 |
| ROBERTS, Joanne | Director | 2012-05-17 | 2014-02-19 |
| SCALES, Neil | Director | 2002-04-03 | 2003-07-20 |
| SCHMEINK, Bartholomeus Cornelis | Director | 2007-11-01 | 2011-12-01 |
| SHILSTON, Gary | Director | 2014-02-19 | 2017-03-31 |
| SKINNER, John Alexander | Director | 2003-07-20 | 2004-09-03 |
| SPAARGAREN, Maarten Pieter | Director | 2011-12-01 | 2014-12-31 |
| STRETCH, David | Director | 2013-05-15 | 2016-12-31 |
| TEMPLE, David Ronald | Director | 2012-11-01 | 2013-05-24 |
| TEMPLE, David Ronald | Director | 2008-01-24 | 2010-03-01 |
| THOMAS, Kevin Arthur | Director | 2013-12-23 | 2014-09-22 |
| THOMAS, Kevin Arthur | Director | 2007-04-23 | 2011-12-31 |
| VALK, Antoine Jan Macgiel | Director | 2003-07-20 | 2006-01-26 |
| VAN TOOR, Peter | Director | 2006-12-31 | 2008-01-24 |
| VAN TOOR, Peter | Director | 2006-01-26 | 2006-12-31 |
| VERWER, Hendrikus Petrus Maria | Director | 2003-07-20 | 2007-11-01 |
| WALLACE, Keith | Director | 2017-01-25 | 2018-03-31 |
| WEIMAR, Jeroen Marcel | Director | 2010-03-31 | 2012-03-26 |
| WHITEHURST, John Anthony Richard | Director | 2018-05-16 | 2024-03-20 |
| WIEMAN, Marie Antoinette Helene | Director | 2011-09-08 | 2012-03-22 |
| WILKINSON, John David | Director | 2002-04-03 | 2003-07-20 |
| WILSON, Alan John, Mr. | Director | 2007-11-29 | 2010-03-31 |
| DLA NOMINEES LIMITED | Corporate Nominee Director | 2002-01-21 | 2002-04-03 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2002-01-21 | 2002-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Merseyrail Services Holding Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 194 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-20 | CH01 | officers | Change person director company with change date | |
| 2024-12-06 | CH01 | officers | Change person director company with change date | |
| 2024-10-15 | AA | accounts | Accounts with accounts type full | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-08-29 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-29 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.