READYPOWER GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-21 (in 10mo)
Last made up 2026-03-07
Watchouts
None on the register
Cash
£4M
-40.4% vs 2023
Net assets
£14M
-10.6% vs 2023
Employees
499
+24.1% vs 2023
Profit before tax
£4M
+377.5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £77,794,000 | £96,962,000 | |
| Operating profit | £4,103,000 | £7,237,000 | |
| Profit before tax | £747,000 | £3,567,000 | |
| Net profit | -£163,000 | £3,410,000 | |
| Cash | £6,260,000 | £3,732,000 | |
| Total assets less current liabilities | £34,787,000 | £29,162,000 | |
| Net assets | £15,128,000 | £13,530,000 | |
| Equity | £15,128,000 | £13,530,000 | |
| Average employees | 402 | 499 | |
| Wages | £21,517,000 | £29,054,000 | |
| Directors' remuneration | £605,000 | £807,000 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+24.6%
£77,794,000 £96,962,000
-
Cash
-40.4%
£6,260,000 £3,732,000
-
Net assets
-10.6%
£15,128,000 £13,530,000
-
Employees
+24.1%
402 499
-
Operating profit
+76.4%
£4,103,000 £7,237,000
-
Profit before tax
+377.5%
£747,000 £3,567,000
-
Wages
+35%
£21,517,000 £29,054,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.3% | 7.5% | |
| Net margin | -0.2% | 3.5% | |
| Return on capital employed | 11.8% | 24.8% | |
| Gearing (liabilities / total assets) | 87.3% | 89.8% | |
| Current ratio | 0.29x | 0.27x | |
| Interest cover | 1.15x | 1.29x |
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 2 times since incorporation
- READYPOWER GROUP LIMITED 2019-05-01 → present
- READYPOWER RAIL SERVICES GROUP HOLDINGS LIMITED 2017-03-23 → 2019-05-01
- BRUNEL TOPCO LIMITED 2016-11-24 → 2017-03-23
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Group and company has adequate resources to continue in operational existence for the foreseeable future both through its own resources and through the resource and support of the parent company, Angel Trains Limited. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- READYPOWER GROUP LIMITED · parent
- Readypower Rail Services Limited 100%
- Readypower Terrawise Limited 100%
- Readypower Complete Drain Clearance Limited 100%
- Force One Limited 100%
- Readypower Canada Ltd. 100%
- Jamie-Lee Cooper Limited 100%
- Total Rail Solutions Limited 100%
Significant events
- “The Group purchased 110 assets from Train Plant Realisations (previously named TXM Plant Limited) during the year, increasing its overall fleet to 474 machines.”
- “Readypower Plant Limited, a 100% owned dormant subsidiary, was dissolved on 15 October 2024.”
- “Jamie-Lee Cooper Limited and Total Rail Solutions Limited entered members voluntary liquidation as of 31 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Malcolm | Director | 2022-01-28 | Mar 1967 | British |
| COCKAYNE, Timothy Noel | Director | 2026-02-09 | Jul 1978 | British |
| JORDAN, David Michael | Director | 2024-04-02 | Mar 1973 | British |
| OLIVER, James Richard | Director | 2025-01-01 | Jan 1978 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMSTRONG, Alistair Paul | Director | 2016-11-24 | 2022-01-28 |
| CASEY, Christopher | Director | 2018-08-22 | 2018-09-27 |
| CROSSEN, James Michael | Director | 2022-11-02 | 2023-09-07 |
| DEVANNEY, William Gerard | Director | 2017-05-30 | 2025-04-30 |
| FLINT, David Jonathan | Director | 2018-08-22 | 2018-09-27 |
| HEPBURN, Anthony Michael | Director | 2017-02-03 | 2022-10-27 |
| INNES KER, Katherine Christina Mary, Dr | Director | 2018-08-22 | 2018-09-27 |
| JACK, Russell George | Director | 2017-02-03 | 2026-03-31 |
| JACOBS, Peter | Director | 2016-11-24 | 2017-08-15 |
| LESTER, Paul John | Director | 2019-04-29 | 2022-01-28 |
| RIEGER, Anthony William | Director | 2017-05-30 | 2019-04-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Angel Trains Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-01-28 | Active |
| Primary Capital Iv (Nominees) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-24 | Ceased 2022-01-28 |
Filing timeline
Last 20 of 94 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type group | |
| 2025-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | CH01 | officers | Change person director company with change date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type group | |
| 2022-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-26 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-05-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-03-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.