MTR CORPORATION (UK) LIMITED
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Cash
£21m
Latest balance sheet
Net assets
£27m
Equity attributable
Employees
2
Average over period
Profit before tax
-£199m
Period ending 2023-12-31
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £4,345,046 | — | |
| Operating profit | -£209,145,469 | — | |
| Profit before tax | -£198,522,421 | — | |
| Net profit | -£197,060,743 | — | |
| Cash | £20,620,241 | — | |
| Total assets less current liabilities | £27,199,880 | — | |
| Net assets | £27,199,880 | — | |
| Equity | £27,199,880 | — | |
| Average employees | 2 | — | |
| Wages | — | — | |
| Directors' remuneration | £687,000 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Return on capital employed | -768.9% | |
| Gearing (liabilities / total assets) | 24.4% | |
| Current ratio | 2.95x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- MTR CORPORATION (UK) LIMITED 2004-11-16 → present
- 3387TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2004-08-13 → 2004-11-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2025, the Company had net assets of £23.2m (2024: £18.0m), cash and cash equivalents of £12.6m (2024: £8.0m), and profit after tax for the year then ended of £11.1m (2024: £15.5m). The Company also has net current assets of £13.1m (2024: £7.9m) which provide sufficient liquidity to enable the Company to meet its financial obligations as they fall due for at least 12 months from the date of approval of these financial statements.”
Group structure
- MTR CORPORATION (UK) LIMITED · parent
- MTR Corporation (Crossrail) Limited 100%
- MTR Corporation (Silverlink) Limited* 100%
- MTR Nordic AB 100%
- MTR Corporation (Sydney) SMCSW Pty Limited 100%
- MTR Corporation (UK) NRT Limited 100%
- MTR Consultancy (UK) Limited
- First MTR South Western Trains Limited 30%
- MTR Property Development Management (UK) Ltd 50%
- Mersey 1 Limited 100%
- MTR (Metro Trains UK) Limited 50%
- MTR Trenolab UK Ltd 100%
Significant events
- “The redevelopment project which Mersey 1 Limited is pursuing is currently in a state of hiatus.”
- “In the UK railway business, the Elizabeth line concession ended on 25 May 2025.”
- “In the Sweden railway business, the Stockholm Metro service contract ended on 2 November 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2024-08-01 | — | — |
| BRATTON, Oliver John Edward | Director | 2026-08-20 | Jan 1975 | British |
| KING, Andrew Lewis | Director | 2020-05-22 | Jun 1980 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MELLER, Gilliam Elizabeth | Secretary | 2004-11-17 | 2005-06-28 |
| BOLT BURDON SECRETARIES LIMITED | Corporate Secretary | 2005-06-28 | 2024-08-01 |
| SISEC LIMITED | Corporate Nominee Secretary | 2004-08-13 | 2004-11-17 |
| CHEUNG, Sui Wa | Director | 2015-09-01 | 2016-07-27 |
| DRAKE, Richard Francis | Director | 2009-11-12 | 2016-09-30 |
| GAFFNEY, Philip | Director | 2004-11-16 | 2009-01-09 |
| LEONG, Kwok-Kuen Lincoln | Director | 2009-01-01 | 2015-09-01 |
| LONG, Jeremy Paul Warwick | Director | 2005-10-24 | 2020-09-30 |
| LUNG, Francois Ka-Kui, Dr | Director | 2005-10-24 | 2009-01-01 |
| MELLER, Gillian Elizabeth | Director | 2011-09-01 | 2022-01-31 |
| MURPHY, Stephen John | Director | 2020-10-01 | 2024-03-29 |
| NELSON, Michael John | Director | 2016-09-30 | 2020-05-22 |
| TURK, Leonard Bryan | Director | 2004-11-16 | 2011-09-01 |
| YAM, Pak Nin | Director | 2024-03-30 | 2026-08-20 |
| LOVITING LIMITED | Corporate Nominee Director | 2004-08-13 | 2004-11-16 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Nominee Director | 2004-08-13 | 2004-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mtr Corporation Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Ceased 2019-10-25 |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | AA | accounts | Accounts with accounts type full | |
| 2026-08-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-13 | CH01 | officers | Change person director company with change date | |
| 2025-11-24 | AA | accounts | Accounts with accounts type full | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-08-23 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.