HITACHI RAIL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-03 (in 3mo)
Last made up 2025-07-20
Watchouts
None on the register
Cash
£102M
+18,457.8% vs 2024
Net assets
£3B
+77.8% vs 2024
Employees
3,139
-5.9% vs 2024
Profit before tax
£58M
-8.4% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £725,125,000 | £748,437,000 | |
| Operating profit | £5,199,000 | -£61,939,000 | |
| Profit before tax | £63,669,000 | £58,331,000 | |
| Net profit | £56,359,000 | £55,170,000 | |
| Cash | £550,000 | £102,068,000 | |
| Total assets less current liabilities | £1,718,537,000 | £3,034,429,000 | |
| Net assets | £1,700,557,000 | £3,024,202,000 | |
| Equity | £1,700,557,000 | £3,024,202,000 | |
| Average employees | 3,336 | 3,139 | |
| Wages | £168,298,000 | £181,159,000 | |
| Directors' remuneration | £415,000 | — |
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
+3.2%
£725,125,000 £748,437,000
-
Cash
+18,457.8%
£550,000 £102,068,000
-
Net assets
+77.8%
£1,700,557,000 £3,024,202,000
-
Employees
-5.9%
3,336 3,139
-
Operating profit
-1,291.4%
£5,199,000 -£61,939,000
-
Profit before tax
-8.4%
£63,669,000 £58,331,000
-
Wages
+7.6%
£168,298,000 £181,159,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 0.7% | -8.3% | |
| Net margin | 7.8% | 7.4% | |
| Return on capital employed | 0.3% | -2.0% | |
| Gearing (liabilities / total assets) | 41.3% | 36.5% | |
| Current ratio | 0.59x | 0.61x | |
| Interest cover | 0.12x | -0.86x |
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 3 times since incorporation
- HITACHI RAIL LIMITED 2019-04-01 → present
- HITACHI RAIL EUROPE LIMITED 2009-07-01 → 2019-04-01
- HITACHI RAIL MAINTENANCE (UK) LIMITED 2005-12-01 → 2009-07-01
- DWSCO 2639 LIMITED 2005-10-20 → 2005-12-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the strong financial position of the company and the continued parental support, the Directors deem it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- HITACHI RAIL LIMITED · parent
- Hitachi Rail STS SpA 100%
- Secure Rail India Private Limited 100%
- Hitachi ZeroCarbon Limited 100%
- Hitachi Rail GTS Holding Limited 100%
- Rock Rail East Midlands (Holdings) 1 Ltd. 41.32%
- Agility Trains West (Holdings) Limited 25%
- Agility Trains East (Holdings) Limited 25%
Significant events
- “On 31 May 2024, the Company acquired the entire share capital of Centelec UK Limited from Thales SA for the acquisition of the Thales' Ground Transportation Systems (GTS) business.”
- “In January 2025, the company agreed to acquire the digital rail monitoring business Omnicom from Balfour Beatty.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCGURK, Stephen | Secretary | 2024-05-21 | — | — |
| ANDI, Christian, Mr. | Director | 2024-05-21 | Dec 1972 | Italian |
| D'AQUILA, Luca | Director | 2019-09-26 | Nov 1966 | Italian |
| DELLAGIOVANNA, Lorena | Director | 2024-05-21 | Apr 1969 | Italian |
| HIRAO, Akihide | Director | 2024-05-21 | Nov 1969 | Japanese |
| IWASAKI, Mitsuo, Mr. | Director | 2024-05-21 | Jun 1967 | Japanese |
| MARINO, Giuseppe | Director | 2023-04-01 | Apr 1964 | Italian |
| MASAI, Kentaro, Mr. | Director | 2024-05-21 | May 1959 | Japanese |
| PO, Woei Chiann Alice, Ms. | Director | 2024-05-21 | Jul 1973 | Malaysian |
| SAMANT, Shashank Shankar | Director | 2026-01-23 | Aug 1968 | American |
| VALVERDE DELGADO, Manuel Jesus, Mr. | Director | 2024-05-21 | Sep 1963 | Spanish |
| YOSHIHARA, Hiroaki | Director | 2025-07-08 | Feb 1957 | Japanese |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEANS, Charlotte Rodd | Secretary | 2022-03-10 | 2024-05-21 |
| MEE, Jane Aine | Secretary | 2016-11-01 | 2020-11-07 |
| NEWTON, Carl William | Secretary | 2009-12-01 | 2016-10-31 |
| TOLAN, Anthony | Secretary | 2005-12-01 | 2009-12-01 |
| WATSON, Nicola Jane | Secretary | 2020-11-07 | 2022-03-01 |
| DWS SECRETARIES LIMITED | Corporate Secretary | 2005-10-20 | 2005-12-01 |
| ARAKI, Yoshio | Director | 2018-04-26 | 2020-02-01 |
| ARAKI, Yoshio | Director | 2013-07-04 | 2014-10-10 |
| ARIYASU, Hideyuki | Director | 2006-11-01 | 2009-10-01 |
| BARR, Andrew Thomas | Director | 2019-09-26 | 2023-04-01 |
| BARR, Andrew Thomas | Director | 2014-10-10 | 2016-04-27 |
| BOSWELL, Karen | Director | 2015-06-20 | 2019-09-26 |
| BREWIN, James Alan | Director | 2020-01-21 | 2024-05-21 |
| DORMER, Alistair John | Director | 2024-05-21 | 2025-03-12 |
| DORMER, Alistair John | Director | 2005-12-01 | 2018-04-27 |
| GOMERSALL, Stephen John, Sir | Director | 2009-10-01 | 2018-04-27 |
| HIRAYANAGI, Ryoichi | Director | 2018-04-26 | 2019-07-01 |
| HORIE, Akira | Director | 2011-04-01 | 2014-10-10 |
| JORDAN, Keith William | Director | 2011-04-18 | 2015-06-20 |
| KANDIAH, Gajakarnan | Director | 2024-05-21 | 2025-03-12 |
| KURIHARA, Kazuhiro | Director | 2009-10-01 | 2010-04-01 |
| MANFELLOTTO, Maurizio | Director | 2018-04-26 | 2019-09-30 |
| MASAI, Kentaro | Director | 2011-04-01 | 2018-03-31 |
| MITSUDOMI, Shinya | Director | 2010-04-01 | 2014-10-10 |
| NAKAYAMA, Hiroshi | Director | 2011-04-01 | 2014-04-10 |
| PIERCE, Stephen Keith | Director | 2014-10-10 | 2018-04-27 |
| SUZUKI, Gaku | Director | 2009-10-01 | 2011-04-01 |
| TSURUDA, Hitoshi | Director | 2009-10-01 | 2011-04-01 |
| UCHIMURA, Toshihide | Director | 2005-12-01 | 2009-10-01 |
| UEDA, Chiaki | Director | 2005-12-01 | 2012-08-24 |
| YABUTA, Keisuke | Director | 2014-10-10 | 2018-03-31 |
| YOTSU, Mikio | Director | 2005-12-01 | 2006-11-01 |
| DWS DIRECTORS LTD | Corporate Director | 2005-10-20 | 2005-12-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hitachi, Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-08 | Active |
| Hitachi Europe Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2016-07-12 |
Filing timeline
Last 20 of 177 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-05 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-27 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-07 | SH01 | capital | Capital allotment shares | |
| 2024-06-05 | MA | incorporation | Memorandum articles | |
| 2024-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- Officers appointed
- 2
- 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.