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Cash

£21m

Latest balance sheet

Net assets

£27m

Equity attributable

Employees

2

Average over period

Profit before tax

-£199m

Period ending 2023-12-31

Accounts

1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-31 Δ vs prior
Turnover £4,345,046 —
Operating profit -£209,145,469 —
Profit before tax -£198,522,421 —
Net profit -£197,060,743 —
Cash £20,620,241 —
Total assets less current liabilities £27,199,880 —
Net assets £27,199,880 —
Equity £27,199,880 —
Average employees 2 —
Wages — —
Directors' remuneration £687,000 —

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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-31
Return on capital employed -768.9%
Gearing (liabilities / total assets) 24.4%
Current ratio 2.95x

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.

Name history

Renamed 1 time since incorporation

  1. MTR CORPORATION (UK) LIMITED 2004-11-16 → present
  2. 3387TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2004-08-13 → 2004-11-16

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
KPMG LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“As at 31 December 2025, the Company had net assets of £23.2m (2024: £18.0m), cash and cash equivalents of £12.6m (2024: £8.0m), and profit after tax for the year then ended of £11.1m (2024: £15.5m). The Company also has net current assets of £13.1m (2024: £7.9m) which provide sufficient liquidity to enable the Company to meet its financial obligations as they fall due for at least 12 months from the date of approval of these financial statements.”

Group structure

  1. MTR CORPORATION (UK) LIMITED · parent
    1. MTR Corporation (Crossrail) Limited 100% · UK · Railway operation
    2. MTR Corporation (Silverlink) Limited* 100% · UK · Investment holding company
    3. MTR Nordic AB 100% · Sweden · Railway operation
    4. MTR Corporation (Sydney) SMCSW Pty Limited 100% · Australia · Investment holding company
    5. MTR Corporation (UK) NRT Limited 100% · UK · Railway operation
    6. MTR Consultancy (UK) Limited · UK · Consultancy service
    7. First MTR South Western Trains Limited 30% · UK · Railway operation
    8. MTR Property Development Management (UK) Ltd 50% · UK · Property development and management
    9. Mersey 1 Limited 100% · UK · Property development
    10. MTR (Metro Trains UK) Limited 50% · UK · Railway operation
    11. MTR Trenolab UK Ltd 100% · UK · Engineering consultancy

Significant events

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
DENTONS SECRETARIES LIMITED Corporate Secretary 2024-08-01 — —
BRATTON, Oliver John Edward Director 2026-08-20 Jan 1975 British
KING, Andrew Lewis Director 2020-05-22 Jun 1980 British
Show 16 resigned officers
Name Role Appointed Resigned
MELLER, Gilliam Elizabeth Secretary 2004-11-17 2005-06-28
BOLT BURDON SECRETARIES LIMITED Corporate Secretary 2005-06-28 2024-08-01
SISEC LIMITED Corporate Nominee Secretary 2004-08-13 2004-11-17
CHEUNG, Sui Wa Director 2015-09-01 2016-07-27
DRAKE, Richard Francis Director 2009-11-12 2016-09-30
GAFFNEY, Philip Director 2004-11-16 2009-01-09
LEONG, Kwok-Kuen Lincoln Director 2009-01-01 2015-09-01
LONG, Jeremy Paul Warwick Director 2005-10-24 2020-09-30
LUNG, Francois Ka-Kui, Dr Director 2005-10-24 2009-01-01
MELLER, Gillian Elizabeth Director 2011-09-01 2022-01-31
MURPHY, Stephen John Director 2020-10-01 2024-03-29
NELSON, Michael John Director 2016-09-30 2020-05-22
TURK, Leonard Bryan Director 2004-11-16 2011-09-01
YAM, Pak Nin Director 2024-03-30 2026-08-20
LOVITING LIMITED Corporate Nominee Director 2004-08-13 2004-11-16
SERJEANTS' INN NOMINEES LIMITED Corporate Nominee Director 2004-08-13 2004-11-16

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mtr Corporation Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence 2016-04-06 Ceased 2019-10-25

Filing timeline

Last 20 of 92 total filings

Date Type Category Description
2026-09-04 AA accounts Accounts with accounts type full
2026-08-27 TM01 officers Termination director company with name termination date PDF
2026-08-27 AP01 officers Appoint person director company with name date PDF
2026-08-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-01-13 CH01 officers Change person director company with change date PDF
2025-11-24 AA accounts Accounts with accounts type full
2025-08-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-13 AA accounts Accounts with accounts type full
2024-08-23 AP04 officers Appoint corporate secretary company with name date PDF
2024-08-19 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-06 TM02 officers Termination secretary company with name termination date PDF
2024-08-06 AD01 address Change registered office address company with date old address new address PDF
2024-04-10 AP01 officers Appoint person director company with name date PDF
2024-04-10 TM01 officers Termination director company with name termination date PDF
2023-10-09 AA accounts Accounts with accounts type full
2023-08-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-09-30 AA accounts Accounts with accounts type full
2022-09-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-02-01 TM01 officers Termination director company with name termination date PDF
2021-10-03 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
6

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page