SCOTRAIL TRAINS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-20 (in 3mo)
Last made up 2025-08-06
Watchouts
None on the register
Cash
£67M
+15.5% vs 2024
Net assets
£798K
-23.9% vs 2024
Employees
5,505
+8.2% vs 2024
Profit before tax
-£123K
-2.5% vs 2024
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £327,489,000 | £362,448,000 | |
| Operating profit | £4,714,000 | £3,988,000 | |
| Profit before tax | -£120,000 | -£123,000 | |
| Net profit | -£120,000 | -£251,000 | |
| Cash | £58,224,000 | £67,264,000 | |
| Total assets less current liabilities | £315,475,000 | £413,711,000 | |
| Net assets | £1,049,000 | £798,000 | |
| Equity | £1,049,000 | £798,000 | |
| Average employees | 5,089 | 5,505 | |
| Wages | £263,778,000 | £281,356,000 | |
| Directors' remuneration | £1,049,000 | £724,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+10.7%
£327,489,000 £362,448,000
-
Cash
+15.5%
£58,224,000 £67,264,000
-
Net assets
-23.9%
£1,049,000 £798,000
-
Employees
+8.2%
5,089 5,505
-
Operating profit
-15.4%
£4,714,000 £3,988,000
-
Profit before tax
-2.5%
-£120,000 -£123,000
-
Wages
+6.7%
£263,778,000 £281,356,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 1.4% | 1.1% | |
| Net margin | -0.0% | -0.1% | |
| Return on capital employed | 1.5% | 1.0% | |
| Gearing (liabilities / total assets) | 99.8% | 99.9% | |
| Current ratio | 0.89x | 0.85x | |
| Interest cover | 0.97x | 0.81x |
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 3 times since incorporation
- SCOTRAIL TRAINS LIMITED 2021-03-24 → present
- SOLR1 LIMITED 2018-05-18 → 2021-03-24
- SOLR HOLDINGS LIMITED 2016-10-27 → 2018-05-18
- SOLR1 LIMITED 2007-08-06 → 2016-10-27
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the Company's ability to continue to trade for a period of at least 12 months from date of signing... The Company holds a detailed budget and confirmed funding... Accordingly, the financial statements have been prepared on a going concern basis.”
Significant events
- “ScotRail introduced service improvements, including the return of rail services to Leven in Fife after more than 50 years, and new timetables across Fife, Ayrshire, and Inverclyde in June 2024.”
- “The East Kilbride enhancement project progressed, with modern electric trains operating the route from December 2025.”
- “Fleet renewal began with procurement for replacement intercity trains in December 2024, and market engagement for suburban train fleets in July 2025.”
- “Peak fares were abolished in September 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AMNER, Neil Mcdonald | Secretary | 2025-03-20 | — | — |
| AMNER, Neil Mcdonald | Director | 2025-03-20 | Sep 1967 | British |
| GRIFFITHS, Carolyn Jane | Director | 2023-05-18 | May 1958 | British |
| MAGUIRE, Joanne Helen | Director | 2022-04-01 | Jun 1979 | British |
| MARCHANT, Derek Finlayson | Director | 2022-12-01 | Jan 1975 | British |
| ROSS, Hannah Beverley Monie | Director | 2024-09-23 | Aug 1977 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DIXON, Emma Jane | Secretary | 2023-01-26 | 2024-05-31 |
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2024-05-31 | 2025-03-20 |
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2007-08-06 | 2018-08-01 |
| MACROBERTS CORPORATE SERVICES LIMITED | Corporate Nominee Secretary | 2018-08-01 | 2023-01-26 |
| BAXTER, Michael Alan | Director | 2018-02-19 | 2019-12-13 |
| BINNIE, David Brough | Director | 2008-09-22 | 2011-03-01 |
| BOGAN, Gary Hugh | Director | 2016-08-16 | 2018-02-20 |
| BROWN, Nicholas James Forster | Director | 2022-06-16 | 2023-03-31 |
| COOK, Graeme | Director | 2024-06-27 | 2025-08-02 |
| DALE, Julie | Director | 2023-05-18 | 2025-03-20 |
| DAVIDSON, Campbell Bruce | Director | 2024-06-27 | 2025-03-20 |
| DIXON, Emma Jane | Director | 2022-12-01 | 2024-05-31 |
| DUFFY, Frances | Director | 2011-03-02 | 2012-01-27 |
| GIBB, Christopher Leslie | Director | 2022-03-21 | 2022-12-29 |
| GRIFFIN, James Ernest | Director | 2022-04-01 | 2022-11-11 |
| GRISEWOOD, Aidan Benjamin | Director | 2012-02-27 | 2016-09-15 |
| HYNES, Alexander John | Director | 2022-04-01 | 2024-04-12 |
| KANE, Lesley Ann | Director | 2022-04-01 | 2024-06-13 |
| LISTER, David Menzies | Director | 2022-04-01 | 2025-03-28 |
| LOWRIE, David | Director | 2022-03-21 | 2024-06-28 |
| MACKIE, Andrew William | Director | 2018-02-19 | 2021-03-26 |
| MACQUARRIE, John | Director | 2023-04-01 | 2025-03-20 |
| PROVAN, John Henry | Director | 2021-03-26 | 2022-03-17 |
| REEVE, William Joseph | Director | 2008-09-22 | 2022-04-01 |
| SHEDDEN, James Lee | Director | 2019-12-13 | 2022-04-01 |
| SIMPSON, David Andrew | Director | 2022-04-01 | 2024-01-18 |
| SMITH, Natalie Louise | Director | 2022-12-01 | 2023-02-15 |
| ATHOLL INCORPORATIONS LIMITED | Corporate Director | 2007-08-06 | 2015-06-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scottish Rail Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-17 | Active |
| Scottish Ministers | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-05-17 |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-12 | AA | accounts | Accounts with accounts type full | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | CH03 | officers | Change person secretary company with change date | |
| 2025-03-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-03 | AA | accounts | Accounts with accounts type full | |
| 2024-11-05 | CH01 | officers | Change person director company with change date | |
| 2024-09-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-17 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.