PROGRESS RAIL LEASING UK LIMITED
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Cash
£426k
+57.8% highest in 3 filed years
Net assets
£3.3m
+26.7% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£916k
+36.3% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,185,000 | £1,965,000 | £2,502,000 | +27.3% | |
| Operating profit | £1,159,000 | £1,935,000 | £2,474,000 | +27.9% | |
| Profit before tax | £519,000 | £672,000 | £916,000 | +36.3% | |
| Net profit | £397,000 | £504,000 | £687,000 | +36.3% | |
| Cash | £286,000 | £270,000 | £426,000 | +57.8% | |
| Total assets less current liabilities | £13,028,000 | £19,152,000 | £27,742,000 | +44.9% | |
| Net assets | £2,070,000 | £2,574,000 | £3,261,000 | +26.7% | |
| Equity | £2,070,000 | £2,574,000 | £3,261,000 | +26.7% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 97.8% | 98.5% | 98.9% | |
| Net margin | 33.5% | 25.6% | 27.5% | |
| Return on capital employed | 8.9% | 10.1% | 8.9% | |
| Gearing (liabilities / total assets) | 90.8% | 91.1% | 91.1% | |
| Current ratio | 2.38x | 2.93x | 4.11x | |
| Interest cover | 1.81x | 1.53x | 1.59x |
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 6 times since incorporation
- PROGRESS RAIL LEASING UK LIMITED 2019-02-18 → present
- FG WILSON (ENGINEERING) LIMITED 2013-04-23 → 2019-02-18
- EASTFIELD NO 20 LIMITED 2007-12-17 → 2013-04-23
- CATERPILLAR LOGISTICS TECHNOLOGY SERVICES (UK) LIMITED 2002-11-18 → 2007-12-17
- CATERPILLAR LOGISTICS TECHNICAL SERVICES (UK) LIMITED 2002-10-30 → 2002-11-18
- CATERPILLAR TECHNICAL SERVICES-EUROPE LIMITED 1999-03-18 → 2002-10-30
- MEMORYGRAPH COMPANY LIMITED 1998-12-10 → 1999-03-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has obtained a letter of support from Caterpillar Inc. that confirms the availability of funding necessary to enable Progress Rail Leasing UK Limited to continue in existence as a going concern, to meet its liabilities as they fall due and to carry on its business”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MARCO, Nicolas | Director | 2025-02-28 | Feb 1979 | French |
| SCHMIDT, Claudia | Director | 2026-08-18 | Mar 1983 | German |
| TICE, Stephen Graham | Director | 2025-04-03 | Aug 1983 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEASON, Johanna Elizabeth | Secretary | 2019-02-19 | 2019-08-29 |
| DICKSON, Tom | Secretary | 2022-04-27 | 2022-12-31 |
| JOHNSTON, Alastair Blakeley | Secretary | 1998-12-10 | 2003-06-13 |
| MORENO PRIETO, Natalia | Secretary | 2023-01-15 | 2026-03-20 |
| NICHOLLS, Janette Margaret | Secretary | 2003-06-13 | 2018-01-31 |
| WAHIWALA, Manohar Singh | Secretary | 2020-05-22 | 2022-04-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1998-12-10 | 1998-12-10 |
| BARTSCH, Torsten | Director | 2007-07-01 | 2007-12-19 |
| BURROUGHS, Nigel John | Director | 2007-12-12 | 2021-01-31 |
| CAEN, Jonathan Mark | Director | 2019-03-27 | 2025-04-30 |
| CLEAVER, Michael David | Director | 2012-11-30 | 2017-12-18 |
| COTTERELL, Richard Paul | Director | 2003-06-16 | 2007-12-19 |
| DOBNEY, Laurence Michael | Director | 2007-11-28 | 2012-11-30 |
| DORSETT, Mark Clinton Albert | Director | 2006-04-01 | 2007-12-19 |
| FENU, Giulio | Director | 2003-06-16 | 2006-04-01 |
| HOFFMAN, David Lee | Director | 2003-06-16 | 2007-12-19 |
| KONRATH, Richard Patrick | Director | 2003-06-12 | 2007-07-01 |
| LAW, George Alexander | Director | 2021-05-31 | 2022-07-31 |
| LEIGH, Nicholas | Director | 2025-04-03 | 2026-08-19 |
| MARTIN, Steven David | Director | 2007-03-01 | 2007-12-19 |
| MURPHY, Colin | Director | 2019-01-28 | 2021-05-31 |
| O'NEIL, Edwin | Director | 2006-04-01 | 2007-03-01 |
| OHMS, Edward Joseph | Director | 1998-12-10 | 2003-06-16 |
| PARKINSON, John Michael | Director | 2006-04-01 | 2006-11-29 |
| REYNOLDS, William James Leighton | Director | 2006-04-01 | 2007-10-18 |
| TWEED, Lorne William | Director | 1998-12-10 | 2003-06-16 |
| VIRMANI, Sandeep | Director | 2017-12-18 | 2019-03-27 |
| WEISSER, Patrick Ryon | Director | 2006-04-01 | 2006-11-29 |
| WENDLE, William Charles | Director | 1998-12-10 | 2003-06-16 |
| WHEELER, Steven David | Director | 2007-10-19 | 2007-12-12 |
| ZADUCK, Kelly Anne Leman | Director | 2021-01-31 | 2025-02-28 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1998-12-10 | 1998-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Caterpillar Logistics Inc | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-28 MA Memorandum articles
- 2025-01-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type full | |
| 2026-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-20 | AA | accounts | Accounts with accounts type full | |
| 2025-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-28 | MA | incorporation | Memorandum articles | |
| 2025-01-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-01-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-06 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.