CUBIC TRANSPORTATION SYSTEMS LIMITED

1. CUBIC TRANSPORTATION SYSTEMS LIMITED 1997-04-01 → present
2. WESTINGHOUSE CUBIC LIMITED 1978-08-02 → 1997-04-01

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

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence and meet its liabilities as they fall due for at least 12 months following the signing of the accounts. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.”

Group structure

1. CUBIC TRANSPORTATION SYSTEMS LIMITED · parent
   1. Cubic Transportation Systems (Australia) Pty 100% · Australia · Transportation systems

Significant events

• “Goodwill relates to amounts transferred from Cubic Transportation Systems (ITMS) Limited as part of the entity merger during 2016.”
• “During the year, the Company's investment in CTS Nordic AB was transferred to a fellow group company for consideration equal to its book value of £nil.”
• “The Directors of Cubic Transportation Systems Limited are aware that the Court of Appeal has recently upheld the decision in the Virgin Media vs NTL Pension Trustees II Limited case. The decision brings into question the validity of certain deed amendments made to contracted-out pension schemes... potential impact, if any, on the valuation of scheme liabilities remains unknown.”
• “There were also contingent liabilities (including bank, guarantees, uninsured performance bonds and similar obligations) of £2,000,000 at the year end (2023 - £2,000,000).”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +3.7%

  £176,626,000 → £183,148,000

• Cash

  -38.2%

  £32,291,000 → £19,963,000

• Net assets

  -29.2%

  £95,322,000 → £67,475,000

• Employees

  -2.5%

  1,117 → 1,089

• Operating profit

  +16.5%

  £32,154,000 → £37,454,000

• Profit before tax

  +1.5%

  £35,492,000 → £36,040,000

• Wages

  +7.1%

  £51,140,000 → £54,748,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers