NORTH NORFOLK RAILWAY PUBLIC LIMITED COMPANY

• ⚠

  Material uncertainty over going concern

  Whilst the projections appear to take into account all known factors, there is still a risk that they will not match actual results. Rising costs of living and the impact on disposable income may adversely affect consumer confidence, which could cast doubt over the projected passenger numbers for the coming 12 months. The Directors are very optimistic that the Company would be able to meet its liabilities as they fall due, but with the uncertainty within the industry and the timing of scheduled bond repayments they cannot guarantee this at the point in time. As such, this represents a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern and therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Auditor

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst the projections appear to take into account all known factors, there is still a risk that they will not match actual results. Rising costs of living and the impact on disposable income may adversely affect consumer confidence, which could cast doubt over the projected passenger numbers for the coming 12 months. The Directors are very optimistic that the Company would be able to meet its liabilities as they fall due, but with the uncertainty within the industry and the timing of scheduled bond repayments they cannot guarantee this at the point in time. As such, this represents a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern and therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Significant events

• “Continued innovation and improvement of events, dining trains and driver experiences helped achieve a modest surplus and enhancements are in hand for the current period.”
• “Considerable effort has been spent in judiciously increasing the fleet of locomotives based on the line in order to provide more resilience for the periods out of service that are inevitable with heritage engines.”
• “The year also saw considerable investment in IT and systems, with Electronic Point of Sale (EPOS) tills introduced in buffets and shops providing standardisation, better data and management control.”
• “The engineering function was re-evaluated during the year and the focus of the Weybourne team is now primarily to provide the locomotives and rolling stock needed to run NNR services.”
• “At an Extraordinary General Meeting on 1st February 2025, resolutions were passed to issue 100 £1 Preference Shares with voting rights to the Midland and Great Northern Joint Railway Society, remove existing voting rights from ordinary shares, and amend company articles.”
• “Subsequent to the balance sheet date, the Company was notified of a legacy bequest, with an interim payment of £85,000 received.”

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

Filings

12

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +6%

  £3,755,348 → £3,978,994

• Cash

  +209.7%

  £6,919 → £21,425

• Net assets

  +39.3%

  £545,322 → £759,699

• Employees

  +7.5%

  67 → 72

• Operating profit

  +379.2%

  £58,798 → £281,778

• Profit before tax

  +939%

  -£24,791 → £207,987

• Wages

  +13.3%

  £1,237,282 → £1,401,716

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers