PROGRESS RAIL LOCOMOTIVE EUROPE LIMITED
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Cash
—
Latest balance sheet
Net assets
£23m
+5.5% highest in 3 filed years
Employees
241
-0.4% vs 2024
Profit before tax
£1.7m
-28.6% 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 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £70,143,000 | £74,761,000 | £68,348,000 | -8.6% | |
| Operating profit | £2,826,000 | £3,563,000 | £2,642,000 | -25.8% | |
| Profit before tax | £1,863,000 | £2,428,000 | £1,734,000 | -28.6% | |
| Net profit | £1,429,000 | £1,794,000 | £1,180,000 | -34.2% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £19,857,000 | £21,620,000 | £22,532,000 | +4.2% | |
| Net assets | £19,558,000 | £21,352,000 | £22,532,000 | +5.5% | |
| Equity | £19,558,000 | £21,352,000 | £22,532,000 | +5.5% | |
| Average employees | 241 | 242 | 241 | -0.4% | |
| Wages | £11,500,000 | £12,380,000 | £11,876,000 | -4.1% | |
| Directors' remuneration | £156,000 | £186,000 | £248,000 | +33.3% | |
| Directors' pension contributions | £5,000 | £6,000 | £13,000 | +116.7% | |
| Highest paid director | — | £186,000 | £161,000 | -13.4% |
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 | 4.0% | 4.8% | 3.9% | |
| Net margin | 2.0% | 2.4% | 1.7% | |
| Return on capital employed | 14.2% | 16.5% | 11.7% | |
| Gearing (liabilities / total assets) | 67.2% | 63.1% | 49.5% | |
| Current ratio | 1.35x | 1.45x | 1.83x | |
| Interest cover | 2.93x | 3.14x | 2.91x |
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 2026-06-03
- PROGRESS RAIL LOCOMOTIVE EUROPE LIMITED 2026-06-03 → present
- ELECTRO-MOTIVE DIESEL LIMITED 2011-06-28 → 2026-06-03
- ELECTRO-MOTIVE SERVICES INTERNATIONAL LIMITED 2006-08-18 → 2011-06-28
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 the company to continue in existence as a going concern, to meet its liabilities as they fall due and to carry on its business for at least 12 months.”
Significant events
- “The company changed its name from Electro-Motive Diesel Limited to Progress Rail Locomotive Europe Limited effective from 3 June 2026.”
- “During the year the company impaired £333,000 of assets included in capital work in progress as these assets related to a capital project that was discontinued.”
- “During the year, the company recognised an inventory write-down of £5,100,000 which was included within cost of sales.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 40 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 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEASON, Johanna Elizabeth | Secretary | 2018-06-01 | 2019-08-29 |
| DICKSON, Tom | Secretary | 2022-04-27 | 2022-12-31 |
| GEORGE, Judith Ann | Secretary | 2014-03-31 | 2015-05-01 |
| JR., Thomas Gerald Davis, | Secretary | 2010-10-25 | 2014-03-31 |
| MCDERMOTT, Michael Neil | Secretary | 2013-09-17 | 2015-05-01 |
| MORENO PRIETO, Natalia | Secretary | 2023-01-15 | 2026-03-20 |
| NICHOLLS, Janette Margaret | Secretary | 2015-05-01 | 2018-01-31 |
| RISSMAN, Thomas William | Secretary | 2006-08-18 | 2010-07-31 |
| SMITH, Brian Leslie | Secretary | 2007-09-06 | 2013-07-18 |
| WAHIWALA, Manohar Singh | Secretary | 2020-05-22 | 2022-04-27 |
| SWIFT INCORPORATIONS LIMITED | Corporate Secretary | 2006-08-18 | 2006-08-18 |
| BUNCHER, Marc | Director | 2015-11-01 | 2017-03-09 |
| BURROUGHS, Nigel John | Director | 2014-03-31 | 2021-01-31 |
| CAEN, Jonathan Mark | Director | 2018-09-04 | 2025-04-30 |
| CANTRELL, Jimmy Duane | Director | 2010-10-25 | 2011-03-31 |
| CUBIN, Richard | Director | 2006-08-18 | 2006-08-18 |
| DENTON, Paul Edwin | Director | 2013-05-01 | 2017-07-14 |
| ENSTE, Albert Adolf | Director | 2006-11-16 | 2011-03-31 |
| FAULKNER, Steven John | Director | 2006-11-21 | 2007-02-23 |
| GARMAN, Scott Marshall | Director | 2014-03-31 | 2018-09-04 |
| GRANEY, Bernard | Director | 2013-05-01 | 2015-12-31 |
| GREENWALD, Gerald | Director | 2006-08-18 | 2010-07-31 |
| HAMELSKY, Lawrence | Director | 2006-08-18 | 2010-07-31 |
| HAMILTON, John | Director | 2006-08-18 | 2010-07-31 |
| HAYCRAFT, Martin Albert | Director | 2017-07-14 | 2022-12-31 |
| HAYCRAFT, Marty Albert | Director | 2010-10-25 | 2011-03-31 |
| JONES III, Reginald | Director | 2006-08-18 | 2010-07-31 |
| LAW, George Alexander | Director | 2021-05-31 | 2022-07-31 |
| LEHMANN, Glen Eric | Director | 2010-10-25 | 2013-05-01 |
| LEIGH, Nicholas | Director | 2025-04-03 | 2026-08-19 |
| LUBIN, Richard Keith | Director | 2006-08-18 | 2010-07-31 |
| MCDERMOTT, Michael Neil | Director | 2013-09-17 | 2015-05-01 |
| MURPHY, Colin | Director | 2017-07-14 | 2021-05-31 |
| RISSMAN, Thomas William | Director | 2006-08-18 | 2010-07-31 |
| SAVAGE, Evelyn Jean | Director | 2010-10-25 | 2011-03-31 |
| SCOTT, Duncan Robert | Director | 2006-11-14 | 2014-03-31 |
| SMITH, Brian Leslie | Director | 2011-04-01 | 2013-07-18 |
| WEDGWOOD, Steven John | Director | 2015-11-01 | 2017-07-14 |
| ZADUCK, Kelly Anne Leman | Director | 2021-01-31 | 2025-02-28 |
| INSTANT COMPANIES LIMITED | Corporate Director | 2006-08-18 | 2006-08-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Caterpillar Global Investments S.A.R.L. | Corporate entity | Shares 75–100% | 2019-12-12 | Active |
| Caterpillar International Holdings S.A.R.L | Corporate entity | Shares 75–100% | 2016-11-17 | Ceased 2019-12-12 |
| Emd International Holdings Llc | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-11-17 |
Filing timeline
Last 20 of 162 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-03 CERTNM Certificate change of name company PDF
- 2023-11-08 MA Memorandum articles
- 2023-11-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | 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 | |
| 2026-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-03-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-09-25 | AA | accounts | Accounts with accounts type full | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2025-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-08 | MA | incorporation | Memorandum articles | |
| 2023-11-08 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.