EVOLUTIONARY RAIL LIMITED
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Cash
—
Latest balance sheet
Net assets
-£11M
-0.4% vs 2024
Employees
6
-62.5% vs 2024
Profit before tax
-£68K
+98.7% vs 2024
Net assets
2-year trend · vs Telecommunications median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,277,000 | £43,000 | -96.6% | |
| Operating profit | -£5,136,000 | -£68,000 | +98.7% | |
| Profit before tax | -£5,136,000 | -£68,000 | +98.7% | |
| Net profit | -£3,846,000 | -£46,000 | +98.8% | |
| Cash | — | — | — | |
| Total assets less current liabilities | -£3,963,000 | -£3,580,000 | +9.7% | |
| Net assets | -£10,770,000 | -£10,816,000 | -0.4% | |
| Equity | -£10,770,000 | — | — | |
| Average employees | 16 | 6 | -62.5% | |
| Wages | £1,638,000 | £555,000 | -66.1% | |
| Directors' remuneration | £209,000 | £119,000 | -43.1% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | — | -158.1% | |
| Net margin | — | -107.0% | |
| Gearing (liabilities / total assets) | 200.4% | 206.1% | |
| Current ratio | 0.34x | 0.13x |
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. 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 2 times since incorporation
- EVOLUTIONARY RAIL LIMITED 2020-12-06 → present
- FIRST WEST COAST LIMITED 2011-01-27 → 2020-12-06
- FIRST ESSEX THAMESIDE LIMITED 2010-02-10 → 2011-01-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on their review of the financial forecasts, the support to the company from FirstGroup plc and having regard to the risks and uncertainties to which the company is exposed the company directors believe that the company has adequate resources to continue in operational existence for the 12 month period from the date on which the financial statements were approved. Accordingly, the financial statements have been prepared on a going concern basis.”
Significant events
- “The installation of rail-5G technology on a section of the South Western Railway network between Basingstoke and Earlsfield was completed by 31 March 2025 and launched to customers in May 2025.”
- “First Trenitalia West Coast Rail Limited decided not to enter into a contract with the company. Advanced funding, net of costs incurred, was repaid to First Trenitalia West Coast Rail Limited in the year ended 31 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GANGULY, Neelanjan | Director | 2026-05-03 | Aug 1974 | British |
| GOLTON, Matthew Lawrence | Director | 2026-05-03 | Mar 1967 | British |
| PALMER, Gareth John | Director | 2025-03-27 | Dec 1979 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRIE, Sidney | Secretary | 2010-02-10 | 2011-07-15 |
| HAMPSON, Michael | Secretary | 2016-07-22 | 2017-02-20 |
| LEWIS, Paul Michael | Secretary | 2011-07-15 | 2014-05-19 |
| SALTER, Barbara Mary | Secretary | 2017-02-20 | 2025-02-14 |
| WELCH, Robert John | Secretary | 2014-05-19 | 2016-07-22 |
| BARKER, Vernon Ian | Director | 2011-09-19 | 2015-04-17 |
| CLANCY, Hugh Patrick | Director | 2010-02-10 | 2023-08-04 |
| COCKERHAM, Alan Stuart | Director | 2011-05-17 | 2012-08-06 |
| FORTUNE, Michael James | Director | 2025-03-27 | 2026-05-03 |
| GAUSBY, David Clement | Director | 2010-02-10 | 2016-12-31 |
| GRANT, Mary Alexander | Director | 2010-02-10 | 2011-03-31 |
| HOLMES, Simon Alexander | Director | 2020-12-01 | 2024-10-07 |
| JAMES, Andrew Mark | Director | 2011-03-31 | 2012-08-06 |
| MONTGOMERY, Stephen Henry | Director | 2016-12-31 | 2025-03-27 |
| NELSON, Michael John | Director | 2020-12-01 | 2025-03-27 |
| PARRY, Richard James Lewis | Director | 2012-08-06 | 2013-07-05 |
| STATHAM, David Ira | Director | 2023-07-24 | 2026-05-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| First Rail Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 82 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-27 | RP01SH01 | miscellaneous | Legacy | |
| 2026-03-27 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-21 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | AA | accounts | Accounts with accounts type full | |
| 2024-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-27 | AA | accounts | Accounts with accounts type full | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 2
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.