CUBIC TRANSPORTATION SYSTEMS LIMITED
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Cash
£8.2m
+14.8% vs 2024
Net assets
£62m
-8.2% lowest in 3 filed years
Employees
1,101
+1.1% vs 2024
Profit before tax
£15m
-57.1% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £176,626,000 | £183,148,000 | £177,070,000 | -3.3% | |
| Operating profit | £32,154,000 | £37,454,000 | £15,392,000 | -58.9% | |
| Profit before tax | £35,492,000 | £36,040,000 | £15,445,000 | -57.1% | |
| Net profit | £28,164,000 | £26,868,000 | £11,507,000 | -57.2% | |
| Cash | £32,291,000 | £7,138,000 | £8,192,000 | +14.8% | |
| Total assets less current liabilities | £102,559,000 | £72,452,000 | £65,247,000 | -9.9% | |
| Net assets | £95,322,000 | £67,475,000 | £61,972,000 | -8.2% | |
| Equity | £95,322,000 | £67,475,000 | £61,972,000 | -8.2% | |
| Average employees | 1,117 | 1,089 | 1,101 | +1.1% | |
| Wages | £51,140,000 | £54,748,000 | £57,659,000 | +5.3% | |
| Directors' remuneration | £348,000 | £343,000 | £349,000 | +1.7% | |
| Directors' pension contributions | £19,000 | £20,000 | £19,000 | -5% | |
| Highest paid director | — | £343,000 | £349,000 | +1.7% |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 18.2% | 20.5% | 8.7% | |
| Net margin | 15.9% | 14.7% | 6.5% | |
| Return on capital employed | 31.4% | 51.7% | 23.6% | |
| Gearing (liabilities / total assets) | 30.7% | 46.7% | 56.2% | |
| Current ratio | 2.35x | 1.39x | 1.21x | |
| Interest cover | — | — | 90.54x |
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
- CUBIC TRANSPORTATION SYSTEMS LIMITED 1997-04-01 → present
- WESTINGHOUSE CUBIC LIMITED 1978-08-02 → 1997-04-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence and meet its liabilities as they fall due for at least 12 months following the signing of the accounts.”
Group structure
- CUBIC TRANSPORTATION SYSTEMS LIMITED · parent
- Cubic Transportation Systems (Australia) Pty 100%
Significant events
- “During 2025 the company concluded its participation in a multi-year tender process for the next iteration of the Revenue Collection Contract (RCC) and was informed by TfL that it had been unsuccessful.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LUXTON, Matthew, Mr. | Secretary | 2022-06-03 | — | — |
| CHESTER, Travis | Director | 2022-06-03 | Apr 1970 | American |
| LUXTON, Matthew | Director | 2022-06-03 | Aug 1966 | American |
| WEAR, David Alan | Director | 2017-10-02 | Jul 1967 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDGINGTON, Simon James | Secretary | — | 1999-06-17 |
| EDWARDS, James Richard | Secretary | 2019-02-18 | 2019-10-14 |
| HAGEMAN, Hilary Lee | Secretary | 2019-10-14 | 2021-08-02 |
| HAMPTON, Sarah Isabel | Secretary | 1999-06-17 | 2015-06-26 |
| JENKINS, David Ab | Secretary | 2021-08-02 | 2022-06-03 |
| WIRBS, Beate | Secretary | 2019-08-22 | 2021-10-25 |
| AGA, Anshooman | Director | 2017-09-15 | 2021-08-02 |
| AUBREY, Kenneth Raymond | Director | — | 1995-05-15 |
| BOYLE, William | Director | 2008-02-21 | 2013-03-27 |
| BOYLE, William | Director | 1996-10-01 | 2005-04-11 |
| BRYANT, Nigel James | Director | 2003-09-29 | 2006-07-31 |
| CLAYTON, Peter Leslie | Director | — | 1993-03-19 |
| COLE, Matthew | Director | 2015-12-07 | 2020-01-13 |
| CROW, Roger Gavin | Director | 2015-07-28 | 2019-02-07 |
| CROW, Roger Gavin | Director | 2009-08-07 | 2015-01-01 |
| CROWTHER, Brian Edward | Director | 1994-03-01 | 1996-09-30 |
| CROWTHER, Brian Edward | Director | 1992-10-14 | 1993-09-14 |
| DE KOZAN, Raymond L | Director | 1993-03-19 | 2010-01-15 |
| EDWARDS, James Richard | Director | 2013-03-27 | 2019-10-14 |
| EFLAND, Richard Arthur | Director | 2005-02-28 | 2008-02-21 |
| EFLAND, Richard Arthur | Director | 1999-06-17 | 2002-07-04 |
| ELLWOOD, Peter | Director | 1999-06-17 | 2004-03-31 |
| ESKENAZI, Laurent Albert | Director | 2019-02-07 | 2020-12-18 |
| FERRIS, Anthony Gordon | Director | — | 1996-09-30 |
| GRANT, Howard Robert | Director | — | 1992-09-30 |
| HAGEMAN, Hilary Lee | Director | 2019-10-14 | 2021-08-02 |
| HAMPTON, Sarah Isabel | Director | 1999-06-17 | 2015-06-26 |
| HARRIS, Stephen James | Director | 1996-10-01 | 2000-06-30 |
| HILL, John Stephen | Director | 2015-01-01 | 2017-09-27 |
| HOWKER, Anthony | Director | — | 1992-06-30 |
| JACOBSEN, Daniel | Director | 1999-06-17 | 2005-04-11 |
| JENKINS, David Ab | Director | 2021-08-02 | 2022-06-03 |
| JOHNSON, Richard Adam | Director | 2002-12-06 | 2005-02-21 |
| KOPF, Kenneth Albert | Director | 2003-12-11 | 2008-02-21 |
| LINCOLN, John | Director | — | 1999-03-02 |
| LOWINGER, Jeffrey Bart | Director | 2020-04-27 | 2023-09-20 |
| MARTINEZ GOMEZ, Jose | Director | 1994-05-10 | 1996-09-30 |
| MILLS, John David | Director | 1992-06-30 | 1994-05-10 |
| PLATTS, Marcus | Director | 2005-02-28 | 2012-12-05 |
| PURCELL, Stephen | Director | 2003-12-10 | 2005-04-11 |
| SHEWMAKER, Stephen Oliver | Director | 2006-05-01 | 2016-09-15 |
| SMITH, James David Michael | Director | 1993-09-14 | 1994-03-01 |
| THOMAS, John David | Director | 1996-10-01 | 2017-09-15 |
| VAN CAMPEN, Peter Arnold | Director | 2013-03-27 | 2015-07-06 |
| WALKER, Thomas | Director | 2002-07-04 | 2003-09-15 |
| WILLIAMS, Rhys Vincent | Director | 2021-08-02 | 2022-06-03 |
| WUNDERLE, Richard | Director | 2003-12-10 | 2005-04-11 |
| ZABLE, Walter Carter | Director | 1995-05-15 | 2012-12-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cubic Surface Transportation Systems Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-08-24 | Active |
| Cubic Surface Transportation Systems Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2020-09-25 |
| Cubic (U.K.) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-08-24 |
Filing timeline
Last 20 of 283 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-22 MA Memorandum articles
- 2025-10-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-14 | AA | accounts | Accounts with accounts type full | |
| 2026-09-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-22 | MA | incorporation | Memorandum articles | |
| 2025-10-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type full | |
| 2022-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | AA | accounts | Accounts with accounts type full | |
| 2022-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-28 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.