ALEXANDER DENNIS LIMITED
Operating as a subsidiary of the NFI Group, the company is a Scottish manufacturer of double-deck and lightweight buses, as well as Plaxton coaches.
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Cash
£26m
+220.6% highest in 3 filed years
Net assets
£2.2m
-93.9% first positive since 2023
Employees
1,638
-15.5% lowest in 3 filed years
Profit before tax
-£34m
-234.6% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-28
| Metric | Trend | 2023-12-29 | 2024-12-29 | 2025-12-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £457,814,000 | £521,248,000 | £426,933,000 | -18.1% | |
| Operating profit | -£6,806,000 | -£448,000 | -£28,432,000 | -6,246.4% | |
| Profit before tax | -£10,133,000 | -£10,136,000 | -£33,917,000 | -234.6% | |
| Net profit | -£8,622,000 | -£34,720,000 | -£34,486,000 | +0.7% | |
| Cash | £12,600,000 | £8,201,000 | £26,293,000 | +220.6% | |
| Total assets less current liabilities | £2,452,000 | £58,853,000 | £22,492,000 | -61.8% | |
| Net assets | -£20,505,000 | £36,726,000 | £2,240,000 | -93.9% | |
| Equity | -£20,506,000 | £36,726,000 | £2,240,000 | -93.9% | |
| Average employees | 1,939 | 1,938 | 1,638 | -15.5% | |
| Wages | £83,977,000 | £84,224,000 | £64,511,000 | -23.4% | |
| Directors' remuneration | £1,201,000 | £995,000 | £1,313,000 | +32% | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £784,000 | £638,000 | £919,000 | +44% |
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 | 2023-12-29 | 2024-12-29 | 2025-12-28 |
|---|---|---|---|---|
| Operating margin | -1.5% | -0.1% | -6.7% | |
| Net margin | -1.9% | -6.7% | -8.1% | |
| Return on capital employed | -277.6% | -0.8% | -126.4% | |
| Gearing (liabilities / total assets) | 105.7% | 90.1% | 99.4% | |
| Current ratio | 0.80x | 0.94x | 0.87x | |
| Interest cover | -2.04x | -0.05x | -2.87x |
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 1 time since incorporation
- ALEXANDER DENNIS LIMITED 2004-05-21 → present
- DMWS 662 LIMITED 2004-05-18 → 2004-05-21
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future being a period of at least 12 months from the date of these financial statements.”
Group structure
- ALEXANDER DENNIS LIMITED · parent
- Alexander Dennis (Asia Pacific) Limited 100%
- Plaxton Holdings Limited 100%
- Plaxton Limited 100%
- Alexander Dennis (New Zealand) Limited 100%
- Alexander Dennis Australia Pty Limited 100%
- Alexander Dennis (Singapore) Service Pte Ltd 100%
- Alexander Dennis (Malaysia) Sdn Bhd 100%
- Alexander Dennis Germany GMBH 100%
- Alexander Dennis Mexico S.A. de C.V. 100%
- Servicios ADLTD Mexico, S.A. de C.V. 100%
Significant events
- “In June 2025, the company announced its proposal to close both of its Scottish manufacturing sites in Larbert and Falkirk. This proposal led to 400 job roles being initially placed at risk of redundancy.”
- “On 31 March 2026, the company announced it was consulting on a new approach aimed at securing Scottish manufacturing operations and safeguarding jobs. Alexander Dennis would convert its Larbert manufacturing facility to a chassis manufacturing site.”
- “In July 2026, NFI Group Inc completed a High Yield Bond refinancing. As part of the refinancing, Alexander Dennis repaid its existing £32.4m liability to NFI International and advanced a further £2.5m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMSON, Julie | Secretary | 2019-07-24 | — | — |
| DAVIES, Richard Paul | Director | 2020-08-09 | Apr 1973 | British |
| STEWART, Michael Gavin | Director | 2008-08-04 | Dec 1966 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMSON, Jill Esther | Secretary | 2016-03-15 | 2019-07-24 |
| DALY, Francis Thomas | Secretary | 2004-05-20 | 2007-11-29 |
| MCKELVIE, Gordon Campbell | Secretary | 2012-04-16 | 2016-03-15 |
| ROBERTS, Anne-Marie | Secretary | 2007-11-29 | 2012-04-16 |
| DM COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2004-05-18 | 2004-05-20 |
| BARR, Maurice James | Director | 2004-05-20 | 2007-11-22 |
| CAMERON, William | Director | 2004-09-23 | 2008-10-28 |
| CLAYTON, Stephen John | Director | 2009-06-18 | 2019-05-28 |
| DALY, Francis Thomas | Director | 2004-05-20 | 2007-11-21 |
| DAVIDSON, Brian Joseph | Director | 2007-05-31 | 2009-12-04 |
| GIFFIN, David Ronald | Director | 2014-06-13 | 2019-05-28 |
| HARRAGHY, David | Director | 2004-09-23 | 2019-05-28 |
| HASTIE, James | Director | 2004-09-23 | 2007-04-26 |
| HODGSON, Clive John Peter | Director | 2006-01-09 | 2009-09-07 |
| MOORE, Ian William | Director | 2004-09-23 | 2007-06-28 |
| MURRAY, David Douglas | Director | 2004-09-23 | 2014-04-25 |
| QUAINTON, David Richard | Director | 2004-09-23 | 2006-03-30 |
| ROBERTSON, Colin Dugaid | Director | 2007-04-26 | 2020-09-30 |
| SIMPSON, William Manson | Director | 2004-09-23 | 2015-07-01 |
| WHITESIDE, Arthur Anderson | Director | 2006-10-21 | 2019-05-09 |
| DM DIRECTOR LIMITED | Corporate Nominee Director | 2004-05-18 | 2004-05-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nfi International Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-05-28 | Active |
| Hgt Investments Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2019-05-28 |
| Noble Grossart Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-05-28 |
Filing timeline
Last 20 of 251 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-09 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-08 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-06-27 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-06-27 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-06-27 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-06-26 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-06 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.