BLUEBELL RAILWAY PRESERVATION SOCIETY
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Cash
£281k
+46.5% vs 2024
Net assets
£23m
+2.9% highest in 3 filed years
Employees
109
-14.2% vs 2024
Profit before tax
-£13k
+97.7% highest 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 Consumer Discretionary 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 |
|---|---|---|---|---|---|
| Total income | £5,740,660 | £4,960,455 | £5,452,384 | +9.9% | |
| Operating profit | -£200,063 | -£510,091 | £12,612 | +102.5% | |
| Profit before tax | -£226,759 | -£540,395 | -£12,532 | +97.7% | |
| Net profit | -£226,759 | -£540,395 | £11,200 | +102.1% | |
| Cash | £737,658 | £191,818 | £281,027 | +46.5% | |
| Total assets less current liabilities | £22,449,662 | £22,684,590 | £23,214,085 | +2.3% | |
| Net assets | £22,071,151 | £22,406,079 | £23,059,306 | +2.9% | |
| Equity | £22,071,151 | £22,406,079 | £23,059,306 | +2.9% | |
| Average employees | 107 | 127 | 109 | -14.2% | |
| Wages | £1,655,670 | £1,605,010 | £1,725,688 | +7.5% | |
| Directors' remuneration | — | £0 | £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 | -3.5% | -10.3% | 0.2% | |
| Net margin | -4.0% | -10.9% | 0.2% | |
| Return on capital employed | -0.9% | -2.2% | 0.1% | |
| Gearing (liabilities / total assets) | 7.6% | 6.4% | 5.5% | |
| Current ratio | 1.14x | 0.74x | 0.76x | |
| Interest cover | -5.51x | -15.82x | 0.49x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Whilst the Board recognise the challenges and uncertainties that the Railway faces, the Board believe that the continuing support from The Bluebell Railway Trust and the parent company... Thus the directors continue to adopt the going concern basis of accounting”
Group structure
- BLUEBELL RAILWAY PRESERVATION SOCIETY · parent
- Bluebell Railway plc 79.98%
- Bluebell Extension Railway Ltd 100%
- Bluebell Railway Operating Ltd 100%
Significant events
- “A potentially significant tribunal claim has been brought against the Plc and the Society by a Society Member and former volunteer, claiming - amongst other things - worker status. If it were successful, this could have a wide-ranging impact on not just Bluebell Railway but also other heritage railways”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Gavin Douglas | Secretary | 2021-11-16 | — | — |
| BENNETT, Gavin Douglas | Director | 2021-11-16 | May 1954 | British |
| COURTENAGE-DENNIS, Annette Elizabeth | Director | 2023-06-03 | Jan 1971 | British |
| GLASKIN, Neil Henry | Director | 2026-06-13 | Oct 1977 | British |
| GRAHAM, Andrew Peter | Director | 2026-06-13 | Sep 1954 | British |
| HOOPER, Jamie Christopher | Director | 2026-06-13 | Jan 1952 | British |
| HOPPS, Michael William | Director | 2021-11-23 | Apr 1950 | British |
| KELLY, Roger Graham | Director | 2021-11-23 | Oct 1946 | British |
| LEPPARD, Keith Nicholas | Director | 2023-06-03 | Feb 1958 | British |
| PARRY, Gordon Martyn Winn | Director | 2025-06-21 | Mar 1947 | British |
| PRESTON, Timothy James | Director | 2026-06-13 | Oct 1965 | British |
| REEVES, James Spencer | Director | 2024-06-15 | Jun 1986 | British |
| WATSON, Ian Routledge | Director | 2021-11-23 | Feb 1949 | British |
| WETHERALL, Benjamin David | Director | 2026-06-13 | Jul 1979 | English |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDERSON, Laurie Iain | Director | 2021-11-23 | 2026-09-17 |
| BIGG, Stephen John | Director | 2021-11-23 | 2022-05-28 |
| BREWER, Donald Alfred | Director | 2021-11-23 | 2026-06-13 |
| CHURCHMAN, Paul Raymond | Director | 2021-11-16 | 2024-03-04 |
| CLARK, Richard Thomas | Director | 2021-11-23 | 2024-06-15 |
| CUOMO, Wayne Sebastian Andrew | Director | 2026-01-15 | 2026-06-13 |
| ELLIS, Andrew John | Director | 2021-11-23 | 2022-05-28 |
| GLASKIN, Neil Henry | Director | 2022-05-28 | 2022-11-24 |
| KNIGHT, John Philip | Director | 2021-11-23 | 2025-06-21 |
| SAUNDERS, Christopher David | Director | 2021-11-23 | 2022-05-28 |
| SMITH, Reuben | Director | 2021-11-23 | 2022-05-28 |
| STRONGITHARM, Howard Colvin | Director | 2023-06-03 | 2025-10-16 |
| WATTS, Royston John | Director | 2022-11-24 | 2026-06-13 |
| YOUNG, James Henry | Director | 2021-11-23 | 2026-01-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-28 RESOLUTIONS Resolution
- 2025-07-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | AA | accounts | Accounts with accounts type group | |
| 2025-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-04 | CH01 | officers | Change person director company with change date | |
| 2025-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-17 | TM01 | officers | Termination director company with name termination 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.