CROSS LONDON TRAINS LIMITED

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

• Turnover

  0%

  £180,135,000 → £180,135,000

• Cash

  +8.7%

  £275,000 → £299,000

• Net assets

  -9.3%

  -£57,150,000 → -£62,449,000

• Employees

  0%

  2 → 2

• Operating profit

  -0.1%

  £125,407,000 → £125,343,000

• Profit before tax

  +207.9%

  £6,335,000 → £19,505,000

• Wages

  +13.3%

  £645,000 → £731,000

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for at least 12 months from the date of signing these financial statements. The financial statements show a profit before tax for the year ended 30 June 2025 of £19,505,000 (2024: £6,335,000); a net current asset position of £324,374,000 (2024: £251,870,000); a net liability position of £62,449,000 (2024: £57,150,000) and a total shareholders' deficit at 30 June 2025 of £62,449,000 (2024: £57,150,000).”

Significant events

• “In December 2021, the Company refinanced its debt with a restructured Term Loan Facility totalling £615,554,000 and a new Private Placement Facility totalling £773,815,000.”
• “The Passenger Railway Services (Public Ownership) Bill received Royal Assent on 28th November 2024.”
• “The Government announced its plans to renationalise all franchised operators by 2028, three operators have been renationalised in 2025 with seven to follow.”
• “The new Railways Bill was introduced to the House of Commons on 5 November 2025, to enable the creation of Great British Railways (GBR).”
• “In March 2023, a variation was signed to enhance the Passenger Information System (PIS) on the fleet.”
• “A second enhancement was agreed in May 2023 to upgrade the ETCS (European Train Control System) to its most advanced level.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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