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Cash

£1.4m

-76.6% vs 2025

Net assets

Equity attributable

Employees

Average over period

Profit before tax

-£529k

-996.6% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2024-03-312025-03-312026-03-31 Δ vs prior
Turnover £9,016,000£7,733,000£6,661,000 -13.9%
Operating profit £2,064,000£554,000-£291,000 -152.5%
Profit before tax £2,015,000£59,000-£529,000 -996.6%
Net profit £762,000-£202,000-£1,012,000 -401%
Cash £795,000£6,040,000£1,412,000 -76.6%
Total assets less current liabilities £3,067,000£2,708,000
Net assets £2,964,000£2,674,000
Equity £2,964,000£2,674,000
Average employees 00
Wages
Directors' remuneration £469,000£569,000£564,000 -0.9%

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 2024-03-312025-03-312026-03-31
Operating margin 22.9%7.2%-4.4%
Net margin 8.5%-2.6%-15.2%
Return on capital employed 67.3%20.5%
Gearing (liabilities / total assets) 54.6%71.0%
Current ratio 1.79x1.37x
Interest cover 42.12x1.12x-1.22x

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.

Audit & accounting basis

Accounting basis
IFRS
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Based on these forecasts, the availability of the undrawn facility, and the Company's current trading performance, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Network Rail has provided the Company with a signed letter of support dated 26th June 2026 to guarantee support for a period of twelve months following the signing of the FY26 financial statements.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 17 resigned

Name Role Appointed Born Nationality
NR CORPORATE SECRETARY LIMITED Corporate Secretary 2014-10-20
ASH, Nigel Alexander Director 2012-05-16 May 1962 British
MAGUIRE, Rachel Director 2024-07-01 Mar 1977 British
Show 17 resigned officers
Name Role Appointed Resigned
CHIME, Winifred Secretary 2012-05-16 2014-10-20
BUTCHER, Simon Patrick Director 2012-05-16 2016-02-24
COOKLIN, Susan Helen Director 2016-02-09 2020-12-21
DICKINSON, Roger Director 2015-04-20 2015-11-19
DOBBS, Ian Ralph Director 2017-07-03 2022-09-27
DOLMAN, Fiona Jane Director 2015-09-28 2017-09-01
DOWNS, Thomas Director 2016-02-17 2019-10-31
HOPKINS, Graham William Director 2016-02-09 2018-09-12
KING, Nicholas Padmore Director 2020-01-09 2021-12-31
KIRBY, Simon Neil Director 2012-05-16 2014-05-18
LUDEMAN, Keith Lawrence Director 2012-11-14 2014-07-18
NOBLE, Andrew Christopher John Director 2018-09-20 2024-07-31
PRAGER, Michael Edward Director 2015-01-01 2015-01-01
PRAGER, Michael Edward Director 2014-12-01 2018-07-06
THOMAS, Andrew William Director 2018-01-08 2019-07-22
WADE, Stephen John Director 2015-04-20 2015-11-19
WESTLAKE, Jeremy William Director 2016-02-24 2025-12-17

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Network Rail International Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2022-04-20 Active
Network Rail Infrastructure Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2022-04-20

Filing timeline

Last 20 of 83 total filings

Date Type Category Description
2026-07-31 AA accounts Accounts with accounts type full
2026-01-08 TM01 officers Termination director company with name termination date PDF
2025-10-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-08-26 RP04AP01 officers Second filing of director appointment with name
2025-07-24 AA accounts Accounts with accounts type full
2024-12-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-12 AA accounts Accounts with accounts type full
2024-07-31 TM01 officers Termination director company with name termination date PDF
2024-07-09 AP01 officers Appoint person director company with name date
2024-04-11 AA accounts Accounts with accounts type full
2023-12-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-04-13 CH04 officers Change corporate secretary company with change date PDF
2023-04-13 CH01 officers Change person director company with change date PDF
2023-03-31 PSC05 persons-with-significant-control Change to a person with significant control PDF
2023-03-31 AD01 address Change registered office address company with date old address new address PDF
2022-12-07 CS01 confirmation-statement Confirmation statement with updates PDF
2022-12-01 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2022-12-01 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2022-10-11 TM01 officers Termination director company with name termination date PDF
2022-09-21 AA accounts Accounts with accounts type group

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
0

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