ABELLIO SCOTRAIL LTD
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Cash
£22M
+13.8% vs 2024
Net assets
£7.7M
+51.8% vs 2024
Employees
—
Average over period
Profit before tax
£3.2M
-70.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
We draw attention to note 3 to the financial statements which explains that the Directors have ceased trading of the Company being effective on 1 April 2022 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £10,355,000 | £39,000 | -99.6% | |
| Operating profit | £11,180,000 | £72,000 | -99.4% | |
| Profit before tax | £10,782,000 | £3,228,000 | -70.1% | |
| Net profit | £9,404,000 | £2,613,000 | -72.2% | |
| Cash | £19,736,000 | £22,465,000 | +13.8% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £5,041,000 | £7,654,000 | +51.8% | |
| Equity | £5,041,000 | £7,654,000 | +51.8% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 108.0% | 184.6% | |
| Net margin | 90.8% | — | |
| Gearing (liabilities / total assets) | 81.4% | 70.8% | |
| Current ratio | 1.23x | 1.41x | |
| Interest cover | 28.09x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“We draw attention to note 3 to the financial statements which explains that the Directors have ceased trading of the Company being effective on 1 April 2022 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements”
Significant events
- “The Company was originally set up to operate a franchise from 1 April 2015 to 31 March 2025, under a 10-year term. In December 2019, Transport Scotland announced that they would enact a break clause in the original Franchise Agreement which led to an expectation that the Company would cease to trade on 1 April 2022. This expectation was confirmed when it was announced to the Scottish Parliament on 17 March 2021 that Scottish Ministers had decided that from 1 April 2022 a Successor Operator will take over operation of the ScotRail Service. The Successor Operator is ScotRail Trains Limited, a company that is ultimately within public ownership.”
- “While the existing trade ceased on 1 April 2022, the Company remains in existence to realise the remaining assets and liabilities being the assets and liabilities that have not transferred to ScotRail Trains Limited, under the provisions of the Franchise Agreement. This may take some time to complete.”
- “There were no significant events after the balance sheet date”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOOTH, Dominic Daniel Gerard | Director | 2013-05-23 | Dec 1963 | British |
| PILBEAM, Alan Thomas | Director | 2023-04-14 | May 1967 | British |
| WRIGHT, Paul | Director | 2019-03-23 | Sep 1981 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRODIES SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2016-03-02 | 2023-02-28 |
| HALCO SECRETARIES LIMITED | Corporate Secretary | 2013-05-23 | 2016-03-02 |
| CHAPLIN, Alan James | Director | 2015-09-10 | 2015-12-24 |
| CHAUDHRY, Jan | Director | 2015-03-31 | 2015-07-16 |
| DOWNEY, James Peter Edward | Director | 2018-01-25 | 2019-03-23 |
| EDWARDS, Julian | Director | 2015-03-31 | 2020-07-28 |
| HOOGESTEGER, Jeffrey John Krijn | Director | 2013-05-23 | 2015-06-15 |
| HYNES, Alexander John | Director | 2017-09-07 | 2022-04-01 |
| KAYE, David Andrew | Director | 2020-07-28 | 2023-04-14 |
| LISTER, David Menzies | Director | 2018-11-01 | 2022-04-01 |
| MCPHAIL, Kenneth Allan | Director | 2015-05-18 | 2017-12-22 |
| PILBEAM, Alan Thomas | Director | 2016-02-25 | 2020-08-10 |
| SMULDERS, Christiaan Wilhelmus | Director | 2015-01-26 | 2015-06-15 |
| THOM, Angus | Director | 2018-11-01 | 2020-02-20 |
| VERSTER, Johannes Phillipus | Director | 2015-05-18 | 2017-02-28 |
| WHITE, Alexander Crone | Director | 2020-02-07 | 2022-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Transport Uk (Operations) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 90 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-06 | AA | accounts | Accounts with accounts type full | |
| 2024-12-05 | CH01 | officers | Change person director company with change date | |
| 2024-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-22 | AA | accounts | Accounts with accounts type full | |
| 2023-06-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2023-03-27 | CH01 | officers | Change person director company with change date | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-15 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.