CORELINK RAIL INFRASTRUCTURE LIMITED
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Cash
£115m
-23.4% lowest in 3 filed years
Net assets
£78m
-7.3% lowest in 3 filed years
Employees
2
0% vs 2024
Profit before tax
-£8.1m
-212.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
6 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,458,000 | £34,980,000 | £45,450,000 | +29.9% | |
| Operating profit | £37,484,000 | £29,372,000 | £27,356,000 | -6.9% | |
| Profit before tax | £26,898,000 | £7,163,000 | -£8,069,000 | -212.6% | |
| Net profit | £20,183,000 | £5,286,000 | -£6,138,000 | -216.1% | |
| Cash | £131,078,000 | £150,354,000 | £115,175,000 | -23.4% | |
| Total assets less current liabilities | £818,284,000 | £833,255,000 | £821,742,000 | -1.4% | |
| Net assets | £78,487,000 | £83,774,000 | £77,636,000 | -7.3% | |
| Equity | £78,487,000 | £83,774,000 | £77,636,000 | -7.3% | |
| Average employees | 2 | 2 | 2 | 0% | |
| Wages | — | — | — | — | |
| Directors' remuneration | £20,000 | £20,000 | £40,000 | +100% | |
| Highest paid director | £37,000 | £37,000 | £37,000 | 0% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 166.9% | 84.0% | 60.2% | |
| Net margin | 89.9% | 15.1% | -13.5% | |
| Return on capital employed | 4.6% | 3.5% | 3.3% | |
| Gearing (liabilities / total assets) | 90.8% | 90.2% | 91.0% | |
| Current ratio | 11.65x | 7.58x | 3.42x | |
| Interest cover | 2.00x | 1.01x | 0.70x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis as the Directors have prepared cash flow forecasts for a period of at least twelve months from the date of signing of this report which confirm that the funding available to the Company is sufficient to support its operations...”
Significant events
- “On 7 January 2026, Porterbrook Holdings III Limited (PHIII), a private company limited by shares incorporated and domiciled in England and Wales, completed the acquisition of Corelink Rail Infrastructure SGP and its subsidiaries...”
- “After the reporting date, the leases of the Company's rolling stock to WMT were extended from April 2026 to April 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ACKROYD, Benjamin John | Director | 2026-01-07 | Mar 1981 | British |
| BALL, Stephen Edward | Director | 2026-01-07 | Sep 1983 | British |
| GRANT, Mary Alexander | Director | 2026-01-07 | Dec 1969 | British |
| MCCLURE, Christopher Bonnar | Director | 2026-01-07 | Nov 1963 | British |
| ROSE, Stefan Jay | Director | 2026-01-07 | May 1979 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARMANINI, Michele | Director | 2017-11-23 | 2022-03-06 |
| BRAWLEY, Jed | Director | 2017-11-23 | 2024-09-27 |
| CAUMETTE, Isabelle Catherine Veronique | Director | 2022-01-13 | 2026-01-07 |
| COSTA, Miguel | Director | 2018-03-05 | 2022-01-13 |
| CRAWLEY, Thomas Christian | Director | 2017-11-23 | 2026-01-07 |
| D'HAUTEVILLE, Harold Marie Jean-Loup | Director | 2017-11-23 | 2018-03-05 |
| GOURIOU, Nicolas Pierre-Louis | Director | 2024-10-28 | 2026-01-07 |
| INGRAM, Allison Gaynor | Director | 2021-02-15 | 2026-01-07 |
| MACKENZIE, Hamish | Director | 2017-11-23 | 2021-02-15 |
| MATTHEWS, Andrew | Director | 2017-11-23 | 2019-08-01 |
| TREVERE, Fabienne Camille | Director | 2024-09-27 | 2026-01-07 |
| WEGENER, Giorgiana Elena | Director | 2022-03-06 | 2024-10-28 |
| WOODHEAD, Michael Paul | Director | 2019-08-01 | 2026-01-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Corelink Rail Infrastructure Holdings Limited | Corporate entity | Voting 75–100%, Appoints directors | 2017-11-23 | Active |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-08-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-22 | CH01 | officers | Change person director company with change date | |
| 2025-11-05 | CH01 | officers | Change person director company with change date | |
| 2025-05-08 | AA | accounts | Accounts with accounts type full | |
| 2024-11-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-30 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 6
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.