C2C RAILWAY LIMITED
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Cash
£24m
+2,360,700% vs 2025
Net assets
£623k
+62,400% vs 2025
Employees
530
Average over period
Profit before tax
£798k
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 | £0 | £149,559,000 | — | |
| Operating profit | £0 | £2,981,000 | — | |
| Profit before tax | £0 | £798,000 | — | |
| Net profit | £0 | £623,000 | — | |
| Cash | £1,000 | £23,608,000 | +2,360,700% | |
| Total assets less current liabilities | -£1,000 | — | — | |
| Net assets | -£1,000 | £623,000 | +62,400% | |
| Equity | £0 | £623,000 | — | |
| Average employees | 0 | 530 | — | |
| Wages | £0 | £29,961,000 | — | |
| Directors' remuneration | — | — | — |
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 | — | 2.0% | |
| Net margin | — | 0.4% | |
| Gearing (liabilities / total assets) | 200.0% | 99.5% | |
| Interest cover | — | 1.12x |
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 5 times since incorporation
- C2C RAILWAY LIMITED 2021-02-17 → present
- DFT OLR7 LIMITED 2019-03-20 → 2021-02-17
- LONDON MIDLAND TRAINS LIMITED 2014-05-12 → 2019-03-20
- NORTHERN TRAINS LIMITED 2013-08-12 → 2014-05-12
- ESSEX THAMESIDE LIMITED 2013-03-07 → 2013-08-12
- ORCHARD RAIL LIMITED 2003-02-07 → 2013-03-07
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Service LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The basis for preparation for these financial statements has been on a going concern basis. The directors consider this to be appropriate based on elements disclosed below.”
Significant events
- “In February 2026, armed conflict commenced in Iran, which has had a significant impact on the global economy. The Company's operations are based in the United Kingdom and it has no trading relationships with Iran. The Directors have assessed the potential implications of this event and consider that there are no significant expected impacts on the Company's financial position, operations, or cash flows. The Directors will, however, continue to monitor the situation closely.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TARPLEE, Suzanne Catherine | Secretary | 2025-07-20 | — | — |
| BURLES, Jamie Neil Peter | Director | 2025-09-07 | Nov 1972 | British |
| HARRISON, Richard Charles Vyvyan | Director | 2025-07-20 | Aug 1967 | British |
| HYNES, Alexander John | Director | 2026-01-05 | Mar 1977 | British |
| LENEY, Philip David | Director | 2025-07-20 | May 1983 | British |
| MULLEN, Robert Alan Lindsay | Director | 2025-07-20 | Mar 1980 | British |
| RICHARDS, James David | Director | 2026-04-22 | Feb 1968 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENTLEY, Matthew Philip | Secretary | 2020-09-16 | 2025-07-20 |
| BRAYBROOK, Sonia Anita | Secretary | 2005-07-29 | 2013-02-14 |
| CUNNINGHAM, Stephanie Jade | Secretary | 2019-03-05 | 2020-06-26 |
| DAWSON, Trevor | Secretary | 2015-12-31 | 2016-09-23 |
| HYLAND, Matthew William Edward | Secretary | 2003-02-07 | 2005-01-28 |
| NIXON, Rowena Jane | Secretary | 2013-02-14 | 2014-02-11 |
| SINCLAIR, Janet Elizabeth | Secretary | 2005-01-28 | 2005-07-24 |
| WALKER, David Eric | Secretary | 2014-02-11 | 2015-12-31 |
| BACKLER, Gary George | Director | 2003-02-07 | 2010-12-17 |
| BENNETT, David Clive | Director | 2015-12-31 | 2021-06-04 |
| BORKWOOD, Arthur Sam Jerome | Director | 2024-07-11 | 2025-07-20 |
| 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 | 2025-07-20 | 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 | 2013-02-14 | 2015-12-31 |
| MACDONALD, Andrew Neil | Director | 2022-06-13 | 2025-07-20 |
| MACQUARRIE, John | Director | 2021-06-04 | 2022-06-13 |
| MURRAY, Andrew Bernard | Director | 2010-12-17 | 2013-02-14 |
| NEWTON, Nick | Director | 2003-02-07 | 2005-07-24 |
| PATTINGTON, Helen Jane | Director | 2019-03-05 | 2021-02-16 |
| REA, David Ian | Director | 2003-02-07 | 2011-03-21 |
| REES, Timothy Lodwick | Director | 2025-02-10 | 2025-07-20 |
| RODGERS, Paul David | Director | 2011-03-21 | 2013-02-14 |
| SMITH, Simon Alexander | Director | 2019-03-05 | 2022-11-23 |
| STRESSING, Rachel Gemma | Director | 2025-02-10 | 2025-02-12 |
| STRESSING, Rachel Gemma | Director | 2024-11-12 | 2025-02-10 |
| SUTHERLAND, Douglas | Director | 2013-02-14 | 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 | 2003-02-07 | 2005-07-24 |
| TUCK, Elaine | Director | 2025-02-10 | 2025-07-20 |
| WALKER, David Eric | Director | 2013-02-14 | 2015-12-31 |
| WHITE, Fiona Ann | Director | 2023-10-10 | 2024-07-11 |
| WILKINSON, Peter William | Director | 2015-12-31 | 2019-01-11 |
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) | 2016-04-06 | Ceased 2019-03-05 |
Filing timeline
Last 20 of 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-03 | AA | accounts | Accounts with accounts type full | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-28 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2025-11-28 | PARENT_ACC | accounts | Legacy | |
| 2025-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-20 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- 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.