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Next accounts due

2027-09-30 (in 1y)

Last filed for 2025-12-31

Confirmation statement due

2026-12-21 (in 7mo)

Last made up 2025-12-07

Watchouts

None on the register

Cash

£3M

+43.8% vs 2024

Net assets

£8M

+70.2% vs 2024

Employees

140

-7.3% vs 2024

Profit before tax

£3M

+13.3% vs 2024

Accounts

2-year trend · latest reflected 2025-12-31

Metric Trend 2024-12-312025-12-31
Turnover £34,204,899£30,333,107
Operating profit £3,072,541£3,448,670
Profit before tax £3,070,079£3,477,463
Net profit £3,070,079£3,477,463
Cash £2,311,484£3,324,123
Total assets less current liabilities £5,264,347£30,618,854
Net assets £4,957,021£8,434,484
Equity £4,957,021£8,434,484
Average employees 151140
Wages £10,233,023£9,652,932
Directors' remuneration £408,196£607,758

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 2025-12-31 vs 2024-12-31

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 2024-12-312025-12-31
Operating margin 9.0%11.4%
Net margin 9.0%11.5%
Return on capital employed 58.4%11.3%
Current ratio 0.76x1.36x
Interest cover 75.60x1701.37x

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

  1. LORAM UK LTD 2016-08-02 → present
  2. RAILWAY VEHICLE ENGINEERING LIMITED 2006-12-18 → 2016-08-02

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Cooper Parry Group Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The company is dependent on funds and facilities provided by, or guaranteed by, its parent company Loram Maintenance of Way Inc. The company has been provided with an undertaking that, for at least 12 months from the date of approval of these financial statements, Loram Maintenance of Way Inc will make funds and facilities available as required which will enable the company to continue in existence.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

7 active · 17 resigned

Name Role Appointed Born Nationality
KLEMMENSEN, Todd Jon Secretary 2022-06-15
DUFFEW, Ian Peter Edward Director 2020-04-22 Mar 1971 British
ERWIN, Peter Anthony Director 2013-07-01 Jun 1956 British
HOMAN, Philip John Director 2019-06-06 Dec 1963 American
MANNIX, Stephen Director 2025-09-22 Dec 1978 Canadian
TINNEY, Lee James Director 2026-01-01 Jan 1976 British
WILLEMS, Bradley Alan Director 2016-08-01 Oct 1966 American
Show 17 resigned officers
Name Role Appointed Resigned
CARLSON, Robert Charles Secretary 2016-08-01 2017-02-01
PARKER, Amanda Brooke Secretary 2022-02-28 2022-06-15
WILKINSON, Karen Elizabeth Secretary 2017-02-01 2022-02-28
W J V SERVICES LIMITED Corporate Secretary 2006-12-18 2011-10-06
BRENNAN BROWN, Simon Rupert Francis Director 2007-01-08 2016-06-17
CARLIN, Joseph Michael Director 2016-08-01 2019-06-06
CHERREY, Donald Darcy Director 2016-08-01 2016-12-31
FRANCIS, Deborah Anne Director 2020-07-01 2025-12-31
HOUGHTON, Andrew Director 2008-02-01 2016-12-31
KELLY, Richard Andrew Director 2017-01-16 2023-07-31
LYNCH, Andrew Thomas Director 2006-12-18 2016-10-05
MCKENNA, Andrew Director 2007-01-08 2012-09-27
MORRIS, Richard Philip Director 2008-02-01 2014-05-23
RILEY, Paul Director 2014-09-17 2016-12-31
ROGERS, David Maurice Director 2007-01-08 2016-06-17
STEWART, Gary Director 2015-01-01 2016-12-31
SWALLOW, Philip Walter Director 2014-08-28 2016-06-17

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Ronald Mannix Individual Shares 75–100%, Voting 75–100%, Appoints directors 2018-07-23 Active
Rvel Holdings Ltd Corporate entity Shares 75–100%, Voting 25–50% 2016-04-06 Ceased 2018-07-23
Loram Maintenance Of Way, Inc. Corporate entity Significant influence 2016-04-06 Ceased 2018-07-23

Filing timeline

Last 20 of 136 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-11-06 RESOLUTIONS Resolution
Date Type Category Description
2026-03-27 AA accounts Accounts with accounts type full
2026-01-26 TM01 officers Termination director company with name termination date PDF
2026-01-26 AP01 officers Appoint person director company with name date PDF
2026-01-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-12-24 RP01AP01 officers Replacement filing of director appointment with name PDF
2025-10-24 AP01 officers Appoint person director company with name date
2025-08-19 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-08-19 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-03-17 AA accounts Accounts with accounts type full
2025-01-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-03-18 AA accounts Accounts with accounts type full
2023-12-07 CS01 confirmation-statement Confirmation statement with updates PDF
2023-11-06 RESOLUTIONS resolution Resolution
2023-10-26 SH01 capital Capital allotment shares PDF
2023-10-02 AA accounts Accounts with accounts type full
2023-08-07 TM01 officers Termination director company with name termination date PDF
2022-12-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-20 AA accounts Accounts with accounts type full
2022-06-16 AP03 officers Appoint person secretary company with name date PDF
2022-06-16 TM02 officers Termination secretary company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
8

last 12 months

Capital events
0

last 24 months

Officers appointed
2

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page