SRC INFRASTRUCTURE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£5M
+73% highest in 4 filed years
Net assets
£3M
+17.8% highest in 4 filed years
Employees
66
-7% vs 2024
Profit before tax
£586K
-61.2% vs 2024
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £20,814,247 | £24,069,623 | |
| Operating profit | — | — | — | — | £1,562,335 | £643,962 | |
| Profit before tax | — | — | — | — | £1,508,041 | £585,622 | |
| Net profit | — | £210,472 | — | — | £1,200,804 | £494,373 | |
| Cash | £105,412 | £376,927 | — | — | £2,795,638 | £4,837,066 | |
| Total assets less current liabilities | £441,582 | £321,185 | — | — | £2,786,187 | £3,279,338 | |
| Net assets | £439,078 | £269,304 | — | — | £2,776,020 | £3,270,393 | |
| Equity | £439,078 | £269,304 | — | — | £2,776,020 | £3,270,393 | |
| Average employees | 5 | 4 | — | — | 71 | 66 | |
| Wages | — | — | — | — | £1,309,578 | £2,652,619 | |
| Directors' remuneration | — | — | — | — | £9,245 | — |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+15.6%
£20,814,247 £24,069,623
-
Cash
+73%
£2,795,638 £4,837,066
highest in 4 filed years
-
Net assets
+17.8%
£2,776,020 £3,270,393
highest in 4 filed years
-
Employees
-7%
71 66
-
Operating profit
-58.8%
£1,562,335 £643,962
-
Profit before tax
-61.2%
£1,508,041 £585,622
-
Wages
+102.6%
£1,309,578 £2,652,619
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.5% | 2.7% | |
| Net margin | — | — | — | — | 5.8% | 2.1% | |
| Return on capital employed | — | — | — | — | 56.1% | 19.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | 53.5% | 63.8% | |
| Current ratio | — | — | — | — | 1.86x | 1.56x | |
| Interest cover | — | — | — | — | 28.78x | 11.04x |
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
- SRC INFRASTRUCTURE LIMITED 2021-04-26 → present
- STRATEGIC RAIL CONSULTANTS LIMITED 2003-03-12 → 2021-04-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- Affinia (Stratford)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “The year ended 31 March 2025 remained challenging for transport and infrastructure operators, construction activity continued to be cautious and profitability remained under pressure.”
- “Turnover increased in the year to £24.1m (2024: £20.8m) and operating profit decreased to £0.644m (2024 :£1.56m).”
- “SRC Infrastructure Ltd has continued to strengthen its core position within the rail sector while successfully broadening its service offering and expanding engineering, programme, and project management capabilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEEGAN, Patrick Joseph | Director | 2020-07-10 | Jan 1960 | British |
| PERRYMAN, Christopher Edward | Director | 2020-07-10 | Feb 1956 | British |
| VERNIKOS, Vasileios, Dr | Director | 2020-07-10 | Oct 1986 | Greek |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FURBANK, Colin Richard | Secretary | 2003-03-14 | 2010-10-01 |
| APEX COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2003-03-12 | 2003-03-14 |
| BUTTERWORTH, Ashley Nicholas | Director | 2009-08-13 | 2021-11-08 |
| CARROLL, Christopher Andrew Patrick | Director | 2003-03-14 | 2007-04-10 |
| FURBANK, Colin Richard | Director | 2020-07-10 | 2025-06-30 |
| FURBANK, Colin Richard | Director | 2003-03-14 | 2010-10-01 |
| KEEGAN, Patrick Joseph | Director | 2003-03-14 | 2018-04-01 |
| APEX NOMINEES LIMITED | Corporate Nominee Director | 2003-03-12 | 2003-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ashley Nicholas Butterworth | Individual | Shares 25–50%, Voting 25–50% | 2020-10-23 | Ceased 2021-07-27 |
| Dr Vasileios Vernikos | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2020-10-23 | Active |
| Src Engineering Systems Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-10-23 |
| Src Engineering Systems Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-10-23 |
| Mr Patrick Joseph Keegan | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 96 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-27 | CH01 | officers | Change person director company with change date | |
| 2025-02-27 | CH01 | officers | Change person director company with change date | |
| 2025-02-27 | CH01 | officers | Change person director company with change date | |
| 2025-02-27 | CH01 | officers | Change person director company with change date | |
| 2024-12-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-03-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-12 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- 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.