EDINBURGH TRANSPORT HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-09 (in 5mo)
Last made up 2025-09-25
Watchouts
Cash
£34M
-28.6% vs 2023
Net assets
£136M
-9.7% vs 2023
Employees
2,977
+10.6% vs 2023
Profit before tax
-£4M
-193.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-28
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2024-12-28.
| Metric | Trend | 2023-12-30 | 2024-12-28 |
|---|---|---|---|
| Turnover | £200,224,000 | £219,986,000 | |
| Operating profit | -£2,874,000 | -£9,532,000 | |
| Profit before tax | £4,739,000 | -£4,440,000 | |
| Net profit | £4,122,000 | -£6,521,000 | |
| Cash | £47,915,000 | £34,200,000 | |
| Total assets less current liabilities | £225,115,000 | £196,563,000 | |
| Net assets | £150,803,000 | £136,247,000 | |
| Equity | £150,803,000 | £136,247,000 | |
| Average employees | 2,692 | 2,977 | |
| Wages | £97,173,000 | £108,128,000 | |
| Directors' remuneration | £193,000 | £139,000 |
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
FY2023 → FY2024 · period ending 2024-12-28 vs 2023-12-30
-
Turnover
+9.9%
£200,224,000 £219,986,000
-
Cash
-28.6%
£47,915,000 £34,200,000
-
Net assets
-9.7%
£150,803,000 £136,247,000
-
Employees
+10.6%
2,692 2,977
-
Operating profit
-231.7%
-£2,874,000 -£9,532,000
-
Profit before tax
-193.7%
£4,739,000 -£4,440,000
-
Wages
+11.3%
£97,173,000 £108,128,000
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
Heads up: a more recent set of accounts has been filed but isn't yet reflected here — the figures above are older than the company's latest filing.
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-30 | 2024-12-28 |
|---|---|---|---|
| Operating margin | -1.4% | -4.3% | |
| Net margin | 2.1% | -3.0% | |
| Return on capital employed | -1.3% | -4.8% | |
| Gearing (liabilities / total assets) | 44.4% | 43.7% | |
| Current ratio | 1.30x | 1.10x | |
| Interest cover | -2.02x | -7.96x |
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 2 times since incorporation — the current trading name was adopted 2025-12-04
- EDINBURGH TRANSPORT HOLDINGS LIMITED 2025-12-04 → present
- TRANSPORT FOR EDINBURGH LIMITED 2013-03-04 → 2025-12-04
- RANDOTTE (NO. 700) LIMITED 2013-02-28 → 2013-03-04
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- 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.”
Group structure
- EDINBURGH TRANSPORT HOLDINGS LIMITED · parent
- Edinburgh Trams Ltd 100%
- Lothian Buses Ltd 91.01%
- East Coast Buses Ltd 100%
- Edinburgh Bus Tours Ltd 100%
- Eve Coaches Ltd 100%
- Lothian Region Transport Ltd 100%
- Majestic Tours Edinburgh Ltd 100%
- Edinburgh City Transport Ltd 100%
- City Sightseeing Edinburgh Ltd 100%
- Lothian Coaches Ltd 100%
- Lothian Country Buses Ltd 100%
- Leith Walk Property Ltd 100%
- Mactours Ltd 100%
- Lothian Trams Ltd 100%
- Lothian Transport Ltd. 100%
- Trams for Edinburgh Ltd. 100%
- Edinburgh Buses Ltd 100%
- Edinburgh Bus and Tram Ltd 100%
Significant events
- “In May 2024, the Company realigned its activities with its revised responsibility as solely a shareholding entity. 'The Company held its last Board with executive functionality on 10 May 2024, with those executive responsibilities transferring to the individual Boards of Lothian Buses and Edinburgh Trams.”
- “On 26 June 2025, the TEC approved the next phase of the integration process, formally, approving the new governance structure for Lothian Buses and Edinburgh Trams as outlined above.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARWELL, Gareth Eamonn | Director | 2025-08-01 | Mar 1981 | British |
| LLOYD-BITHELL, Richard Lawrence Ian | Director | 2025-08-01 | Aug 1994 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STRACHAN, Norman James | Secretary | 2013-10-28 | 2015-08-23 |
| D.W. COMPANY SERVICES LIMITED | Corporate Secretary | 2015-12-18 | 2018-03-23 |
| ARTHUR, Scott, Dr | Director | 2022-06-30 | 2024-08-28 |
| BAGSHAW, Nigel David, Councillor | Director | 2013-11-08 | 2017-05-25 |
| BANDEL, Julia Debora | Director | 2022-06-30 | 2025-08-01 |
| BEAL, Alan Christopher, Councillor | Director | 2022-06-30 | 2025-08-01 |
| BLAIN, Andrew John | Director | 2013-02-28 | 2013-03-01 |
| BOOTH, Charles William | Director | 2017-05-25 | 2019-06-27 |
| CAMPBELL, William Watson | Director | 2013-11-08 | 2016-03-31 |
| CARDOWNIE, Archibald Stephen | Director | 2013-11-08 | 2014-06-26 |
| CASSIDY, Steven | Director | 2013-12-18 | 2018-12-17 |
| CRAIG, William Ian Gold | Director | 2013-11-08 | 2016-01-31 |
| DAY, Cameron Blyth, Cllr | Director | 2017-05-25 | 2017-06-29 |
| DEPLEDGE, Anthony | Director | 2013-12-18 | 2015-06-26 |
| DEVLIN, William | Director | 2013-11-08 | 2016-04-16 |
| DORAN, Karen, Councillor | Director | 2017-06-29 | 2022-06-30 |
| FAULDS, Ann | Director | 2013-12-18 | 2014-11-12 |
| HAZEL, George Mclean, Dr | Director | 2019-09-30 | 2025-08-01 |
| HINDS, Lesley Adelaide | Director | 2013-11-08 | 2017-05-25 |
| INNES MILLER, Claire Helen | Director | 2019-06-27 | 2022-06-30 |
| LAIDLAW, Callum | Director | 2017-05-25 | 2022-06-30 |
| LOWDER, George Edward | Director | 2016-01-07 | 2024-08-31 |
| MACINNES, Lesley Jane, Cllr | Director | 2017-06-29 | 2025-08-01 |
| MACLEAN, Alastair David | Director | 2013-03-01 | 2013-11-08 |
| MACLEOD, Donald Andrew | Director | 2019-05-02 | 2023-12-31 |
| MCFARLANE, James Mclean Henderson | Director | 2015-07-01 | 2024-11-11 |
| MCVEY, Adam Robert, Councillor | Director | 2014-06-26 | 2017-06-29 |
| MONHEIM, Charles William | Director | 2015-07-01 | 2018-06-30 |
| MOWAT, Joanna Claire, Councillor | Director | 2013-11-08 | 2016-07-01 |
| NARAYANAN, Daisy | Director | 2019-12-17 | 2021-05-16 |
| NEAL, Andrew David | Director | 2021-04-22 | 2025-08-01 |
| STRACHAN, Norman James | Director | 2013-11-08 | 2015-08-23 |
| WALLACE, Charlene | Director | 2018-07-01 | 2020-01-14 |
| WHYTE, Iain | Director | 2016-08-25 | 2017-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The City Of Edinburgh Council | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-16 | Active |
Filing timeline
Last 20 of 132 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-04 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-05-23 | SH01 | capital | Capital allotment shares | |
| 2024-01-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-22 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 5
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.