EDINBURGH TRAMS LIMITED
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Cash
£5.7m
Latest balance sheet
Net assets
-£6.5m
Equity attributable
Employees
292
Average over period
Profit before tax
-£12m
Period ending 2023-12-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Profit before tax
1-year trend · vs Industrials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-27
| Metric | Trend | 2023-12-30 | Δ vs prior |
|---|---|---|---|
| Turnover | £23,805,106 | — | |
| Operating profit | -£10,624,140 | — | |
| Profit before tax | -£11,850,936 | — | |
| Net profit | -£10,328,560 | — | |
| Cash | £5,674,281 | — | |
| Total assets less current liabilities | — | — | |
| Net assets | — | — | |
| Equity | -£6,549,314 | — | |
| Average employees | 292 | — | |
| Wages | £8,956,627 | — | |
| Directors' remuneration | £215,352 | — |
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 | 2023-12-30 |
|---|---|---|
| Operating margin | -44.6% | |
| Net margin | -43.4% | |
| Current ratio | 0.76x | |
| Interest cover | -8.66x |
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
- Azets Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The Fatal Accident Inquiry (FAI) started and concluded in 2025 at Edinburgh Sheriff Court with no recommendations following the conclusion of a fatal accident inquiry into the death of a man who was struck by a tram.”
- “In 2022, we commenced an implementation process to introduce Leadmind to our tram fleet, which will automatically apply the brakes when significant over-speeding occurs. ... We are now in the final stages of testing and are planning to activate the automatic braking element early in 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOYD, Sarah Jean | Director | 2025-11-14 | Sep 1980 | British |
| DEACON, Susan Catherine, Professor | Director | 2025-11-14 | Feb 1964 | British |
| REID, Iain Alexander | Director | 2025-11-14 | May 1962 | British |
| RIVET, Stephanie Céline Karine | Director | 2025-11-14 | Dec 1974 | French |
| ROSE, Anthony Edward Hoath | Director | 2025-11-14 | Sep 1968 | British |
| STRACHAN, Wilhelmina Cornelia | Director | 2025-11-14 | Apr 1973 | South African |
| YEXLEY, Mark David James | Director | 2025-11-14 | Jun 1957 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STRACHAN, Norman James | Secretary | 2013-09-24 | 2015-08-23 |
| D.W. COMPANY SERVICES LIMITED | Corporate Secretary | 2015-12-16 | 2018-03-23 |
| CAMPBELL, William Watson | Director | 2013-08-30 | 2016-03-31 |
| CRAIG, Ian | Director | 2013-08-30 | 2016-01-31 |
| CUSHING, Peter | Director | 2018-07-20 | 2025-11-14 |
| DEAN, Martin Richard | Director | 2018-07-20 | 2025-11-14 |
| HARRISON, Mark Lea | Director | 2017-03-16 | 2026-01-31 |
| KERR, Colin Angus | Director | 2024-08-15 | 2025-11-14 |
| LOWDER, George Edward | Director | 2016-02-26 | 2024-08-31 |
| MACLEAN, Alastair David | Director | 2013-06-03 | 2013-08-30 |
| MONHEIM, Charles William | Director | 2015-07-01 | 2018-06-30 |
| NEAL, Andrew David | Director | 2018-07-01 | 2024-12-31 |
| NEAL, Andrew David | Director | 2015-07-01 | 2018-06-30 |
| NORRIS, Thomas Christopher | Director | 2013-08-30 | 2015-06-26 |
| STRACHAN, Norman James | Director | 2013-08-30 | 2015-08-23 |
| WALLACE, Charlene | Director | 2018-07-01 | 2020-01-14 |
| WALLACE, Charlene | Director | 2015-07-01 | 2018-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Transport For Edinburgh Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-05-16 | Active |
Filing timeline
Last 20 of 98 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-07 | SH01 | capital | Capital allotment shares | |
| 2025-07-09 | AA | accounts | Accounts with accounts type full | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 1
- Officers appointed
- 7
- Officers resigned
- 4
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.