RATP DEV UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-01 (in 5mo)
Last made up 2025-09-17
Watchouts
Cash
£26M
+92.3% highest in 3 filed years
Net assets
-£108M
+29.8% vs 2023
Employees
6
-14.3% lowest in 3 filed years
Profit before tax
-£118M
-530.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £4,263,000 | £3,849,000 | |
| Operating profit | — | — | -£10,167,000 | -£107,634,000 | |
| Profit before tax | — | — | -£18,762,000 | -£118,238,000 | |
| Net profit | — | — | -£18,762,000 | -£116,581,000 | |
| Cash | — | £13,282,000 | £13,445,000 | £25,853,000 | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | — | -£153,602,000 | -£107,889,000 | |
| Equity | — | -£137,544,000 | -£153,602,000 | -£107,889,000 | |
| Average employees | — | 7 | 7 | 6 | |
| Wages | — | £375,000 | £308,000 | £620,000 | |
| Directors' remuneration | — | — | — | — |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-9.7%
£4,263,000 £3,849,000
-
Cash
+92.3%
£13,445,000 £25,853,000
highest in 3 filed years
-
Net assets
+29.8%
-£153,602,000 -£107,889,000
-
Employees
-14.3%
7 6
lowest in 3 filed years
-
Operating profit
-958.7%
-£10,167,000 -£107,634,000
-
Profit before tax
-530.2%
-£18,762,000 -£118,238,000
-
Wages
+101.3%
£308,000 £620,000
highest in 3 filed years
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Current ratio | — | — | 0.31x | 0.16x | |
| Interest cover | — | — | -0.82x | -5.92x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As the Company and its subsidiaries were loss-making in the period, the Company's immediate parent company has given assurance to provide support to the Company for at least twelve months from the date of issuing this report. The directors have therefore deemed it appropriate to prepare these financial statements on a going concern basis.”
Group structure
- RATP DEV UK LTD · parent
- Bath Bus Company Limited 100%
- First Bus London Limited 100%
- Metrolink RATP Dev Limited 100%
- Quality Line Transport Limited 100%
- The Original Tour Limited 100%
- London Sovereign Limited 100%
- London Transit Limited 100%
- London United Busways Limited 100%
Significant events
- “During the year, the Company recognised a capital contribution of £165m in respect of the modification of two loans due to its parent undertaking.”
- “In 2019, the bank covenant KPIs were replaced by a guarantee from the parent company, RATP Développement SA until 31 December 2024.”
- “On 10 December 2024 RATP Dev UK and FirstGroup plc signed a binding agreement whereby FirstGroup plc would acquire 100% share capital of RATP Dev Transit London Limited and its three subsidiaries London United Busways Limited, London Sovereign Limited and London Transit Limited. This transaction was completed on 28 February 2025.”
- “On the 6 December 2024, the RCF Facility and term loan was extended until 14 December 2025 but were repaid on 13 March 2025. The RCF Facility from the parent undertaking, RATP Developpment SA was waived on 30 June 2025.”
- “On 9 July 2025, the Company acquired from its parent undertaking, 100% of the share capital of RDGS (RATP Dev Global Sightseeing) Limited, a reseller of sightseeing tours of related RATP sightseeing companies in Paris and Brussels and The Original London Sightseeing Tour Limited and Bath Bus Company Ltd, both of which were sold on 16 December 2025.”
- “On the 16 December 2025, FirstGroup plc acquired 100% of the share capital of the company's sightseeing investments, Bath Bus Company Limited and The Original London Sightseeing Tour Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AUBIN, Cyril Marcel Charles | Director | 2024-06-19 | Aug 1975 | French |
| COHEN, Joel Jacques | Director | 2022-12-01 | Sep 1961 | French |
| DANIELS, Leon Alistair | Director | 2021-12-17 | Jun 1955 | British |
| MASSON, Arnaud Max | Director | 2025-07-09 | Jul 1970 | French |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FABRE, Geraldine | Secretary | 2021-12-17 | 2025-02-28 |
| BATLLE, Laurence | Director | 2019-01-21 | 2019-03-11 |
| BATLLE, Laurence | Director | 2011-03-18 | 2014-09-30 |
| BUTLER, Dean | Director | 2020-01-22 | 2021-02-26 |
| CARNIEL, Cyril Hervé | Director | 2011-03-18 | 2014-02-12 |
| CASLING, Richard Charles | Director | 2012-04-23 | 2015-12-31 |
| CHARDON, Catherine Marie-Jeanne | Director | 2020-05-19 | 2022-01-31 |
| COFIE, Robert Frederick | Director | 2025-02-28 | 2025-12-10 |
| COHEN, Joel Jacques | Director | 2022-12-01 | 2022-12-01 |
| FERRIERE, Romain | Director | 2014-10-01 | 2020-05-30 |
| FOLDES, John Henry Roger | Director | 2023-04-24 | 2023-11-23 |
| FULLICK, Frank Peter | Director | 2021-11-16 | 2022-06-30 |
| GOODBOURN, Howard Charles | Director | 2016-07-04 | 2019-05-10 |
| HOLT, Elaine | Director | 2013-03-15 | 2013-07-19 |
| JACKSON, Timothy David Wyse | Director | 2014-02-14 | 2018-10-31 |
| JANAILLAC, Jean-Marc | Director | 2010-06-11 | 2011-05-11 |
| KEENAN, John Joseph | Director | 2020-05-19 | 2023-04-24 |
| LACLIDE, Anne-France | Director | 2021-02-16 | 2022-11-30 |
| LOTT, Derek Alfred | Director | 2012-04-23 | 2014-09-30 |
| MATTHEWS, David Paul | Director | 2011-04-20 | 2012-04-16 |
| ONNIS, Jean-Louis, Dr | Director | 2020-05-19 | 2022-03-31 |
| PARSONSON, Andrew William | Director | 2023-11-23 | 2025-02-28 |
| SINACEUR, Mehdi Takyedine | Director | 2019-09-18 | 2025-07-09 |
| TONETTI, Federico Carlo Francesco | Director | 2022-07-01 | 2024-06-19 |
| WEST, Lynn Suzanne | Director | 2020-05-19 | 2025-07-09 |
| WHITEWAY, Steven Roy | Director | 2012-04-23 | 2017-06-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ratp (Regie Autonome Des Transports Parisiens) | Legal person | Significant influence | 2017-10-31 | Active |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-15 | AA | accounts | Accounts with accounts type full | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2023-11-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.