MCGILL'S BUS SERVICE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-29
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
Cash
£9M
-39.2% vs 2023
Net assets
£6M
-34.2% lowest in 4 filed years
Employees
1,360
-1.2% vs 2023
Profit before tax
-£732K
+6.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-29
| Metric | Trend | 2021-01-01 | 2022-01-02 | 2022-01-03 | 2023-01-01 | 2023-01-02 | 2023-12-31 | 2024-12-29 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £91,240,205 | £104,840,420 | |
| Operating profit | — | — | — | — | — | £1,884,708 | £1,696,772 | |
| Profit before tax | — | — | — | — | — | -£784,073 | -£732,310 | |
| Net profit | — | -£299,674 | — | £773,466 | — | -£328,470 | -£3,134,369 | |
| Cash | — | £10,994,126 | — | £6,401,646 | — | £15,283,643 | £9,294,796 | |
| Total assets less current liabilities | — | £53,446,461 | — | £60,677,557 | — | £66,972,231 | £61,943,925 | |
| Net assets | — | £8,720,869 | — | £9,494,335 | — | £9,170,660 | £6,036,291 | |
| Equity | £11,855,071 | £8,720,869 | £8,720,869 | £9,494,335 | £9,494,334 | £9,170,660 | £6,036,291 | |
| Average employees | — | 628 | — | 555 | — | 1,377 | 1,360 | |
| Wages | — | — | — | — | — | £45,016,222 | £49,952,245 | |
| Directors' remuneration | — | — | — | — | — | £618,440 | £692,207 |
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 2024-12-29 vs 2023-12-31
-
Turnover
+14.9%
£91,240,205 £104,840,420
-
Cash
-39.2%
£15,283,643 £9,294,796
-
Net assets
-34.2%
£9,170,660 £6,036,291
lowest in 4 filed years
-
Employees
-1.2%
1,377 1,360
-
Operating profit
-10%
£1,884,708 £1,696,772
-
Profit before tax
+6.6%
-£784,073 -£732,310
-
Wages
+11%
£45,016,222 £49,952,245
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 | 2021-01-01 | 2022-01-02 | 2022-01-03 | 2023-01-01 | 2023-01-02 | 2023-12-31 | 2024-12-29 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 2.1% | 1.6% | |
| Net margin | — | — | — | — | — | -0.4% | -3.0% | |
| Return on capital employed | — | — | — | — | — | 2.8% | 2.7% | |
| Current ratio | — | — | — | — | — | 0.89x | 0.87x | |
| Interest cover | — | — | — | — | — | 0.68x | 0.63x |
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
- Armstrong Watson Audit Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- MCGILL'S BUS SERVICE LIMITED · parent
- Loch Lomond Bus Services Limited 100%
- McGill's City Connect Limited 100%
- Smoothie Cruisers Limited 100%
- Taybus Holdings Limited 100%
- Tayside Public Transport Company Limited 100%
- McGill's Scotland East Limited 100%
- Midland Bluebird Limited 100%
- Eastern Scottish Omnibuses Limited 100%
- Loch Lomond Travel Limited 100%
Significant events
- “On 4 July 2025 the company acquired the entire share capital of Prentice Westwood Limited, a company incorporated in Scotland. The acquisition occurred after the reporting date and is therefore not reflected in these consolidated financial statements. As at the date these financial statements were authorised for issue, an estimate of the financial effect of this acquisition is not practical.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DRUMMOND, Robert Lindsay | Secretary | 2025-09-01 | — | — |
| DRUMMOND, Robert Lindsay | Director | 2025-09-01 | Jun 1969 | British |
| EASDALE, Alexander | Director | 2010-04-16 | Apr 1968 | British |
| EASDALE, James | Director | 2004-10-12 | Mar 1971 | British |
| ROBERTS, Ralph | Director | 2010-04-01 | Aug 1963 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALLANTYNE, Grant | Secretary | 2014-03-29 | 2019-02-08 |
| CAMPBELL, Alan | Secretary | 2019-08-05 | 2023-09-06 |
| HENDRY, Albert | Secretary | 2004-10-12 | 2014-03-28 |
| KEAN, Adelle Janet | Secretary | 2004-09-09 | 2004-10-12 |
| KEAN, Adelle Janet | Secretary | 2001-06-30 | 2002-09-16 |
| KEAN, Alexander Bryan | Secretary | 2002-09-16 | 2004-09-09 |
| MCGILL, Gordon Allison | Secretary | — | 1997-07-01 |
| ROBERTS, Ralph | Secretary | 2023-09-06 | 2025-09-01 |
| TURNER, David Paul | Secretary | 1997-07-01 | 2001-06-30 |
| BOWLER, Richard Anthony | Director | 2000-07-27 | 2001-06-30 |
| EASDALE, Gail | Director | 2004-10-12 | 2012-03-09 |
| HODGSON, Gordon William | Director | 1997-07-01 | 1998-12-31 |
| KEAN, Alexander Bryan | Director | 2002-09-16 | 2003-01-01 |
| KEAN, Sharon | Director | 2001-06-30 | 2004-10-12 |
| LONSDALE, Stephen Philip | Director | 1997-07-01 | 2001-06-30 |
| MARTIN, David Robert | Director | 2017-08-10 | 2019-09-19 |
| MARTIN, David Robert | Director | 1997-07-01 | 2001-06-30 |
| MCGILL, Francis Mcmath | Director | — | 1994-01-05 |
| MCGILL, Gordon Allison | Director | — | 1997-07-01 |
| MCGILL, Janet Mcfie | Director | — | 1990-10-23 |
| MCGILL, Lesley May | Director | 1992-09-01 | 1997-07-01 |
| RAY, John Alfred | Director | 1998-09-22 | 2001-06-30 |
| WILLIAMSON, James Anthony | Director | 2025-09-01 | 2026-03-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Arranglen Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 218 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-23 | AA | accounts | Accounts with accounts type group | |
| 2025-10-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-09-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-09 | AA | accounts | Accounts with accounts type group | |
| 2024-12-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-04-23 | CH01 | officers | Change person director company with change date | |
| 2024-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-05 | AA | accounts | Accounts with accounts type group | |
| 2023-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | 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
- 10
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.