READING TRANSPORT LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-30
Confirmation statement due
2026-10-07 (in 5mo)
Last made up 2025-09-23
Watchouts
None on the register
Cash
£8M
-4.1% vs 2024
Net assets
£16M
-5.8% vs 2024
Employees
746
+12.9% highest in 4 filed years
Profit before tax
£2M
-60.5% vs 2024
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2025-03-30
| Metric | Trend | 2021-04-04 | 2022-04-03 | 2023-04-02 | 2024-03-31 | 2025-03-30 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £57,966,972 | £63,927,049 | |
| Operating profit | — | — | — | £4,731,360 | £2,239,664 | |
| Profit before tax | — | — | — | £4,498,151 | £1,775,350 | |
| Net profit | — | — | — | £3,894,476 | £878,390 | |
| Cash | — | £4,242,955 | £7,130,533 | £8,365,351 | £8,022,221 | |
| Total assets less current liabilities | — | £27,296,766 | £30,062,404 | £35,017,310 | £42,890,407 | |
| Net assets | — | £22,413,159 | £15,021,355 | £16,868,455 | £15,894,845 | |
| Equity | £5,067,166 | £22,413,159 | £15,021,355 | £16,868,455 | £15,894,845 | |
| Average employees | — | 693 | 694 | 661 | 746 | |
| Wages | — | — | — | £31,673,296 | £37,366,503 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-04-04 | 2022-04-03 | 2023-04-02 | 2024-03-31 | 2025-03-30 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 8.2% | 3.5% | |
| Net margin | — | — | — | 6.7% | 1.4% | |
| Return on capital employed | — | — | — | 13.5% | 5.2% | |
| Current ratio | — | — | — | 1.31x | 1.18x | |
| Interest cover | — | — | — | 12.66x | 3.32x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- WP Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 group's and the parent 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”
Group structure
- READING TRANSPORT LIMITED · parent
- Newbury & District Limited 100%
- Thames Valley Buses Limited 100%
- Courtney Bodyworks Limited 100%
- Courtney ATF Centre Limited 100%
- The Greater Omnibus Company Limited 100%
- Reading Rovers Limited 100%
- Reading Minibuses Limited 100%
- Reading Buses Limited 100%
- Newbury Buses Limited 100%
- Reading Transport Pensions Trustees Limited 100%
Significant events
- “The New Bus Fare Cap (NBFC) Grant, which capped single fares at £2 from January 2023, remained in place until December 2024. From January 2025, the NBFC continued but the single fare cap was raised to £3 and the amount of reimbursement to bus operators was therefore reduced.”
- “24 new buses entered the fleet in this reporting period, supporting the growth and allowing the disposal of some of the oldest and most costly to maintain buses from the fleet.”
- “24 fully electric buses are expected to be introduced in Winter 2025, with a further 8 to follow in Spring 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 45 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JENKINS, Laurence Sebastian | Secretary | 2022-07-01 | — | — |
| FEAST, Ian John | Director | 2022-01-01 | Jan 1968 | English |
| FORSTER, Kathryn Jennifer | Director | 2023-11-01 | Sep 1977 | British |
| JENKINS, Laurence Sebastian | Director | 2019-09-19 | May 1983 | English |
| MAWOYO, Tinashe Godfrey | Director | 2023-07-03 | Sep 1985 | British |
| MILHOFER, Peter John | Director | 2022-01-01 | May 1969 | British |
| PINKETT, Robert Wayne | Director | 2022-01-01 | May 1956 | British |
| RANSON, Thomas | Director | 2026-01-01 | Apr 1981 | British |
| SLOMAN, Peter Lionel | Director | 2023-11-01 | Mar 1960 | British |
| TURTON, Pam | Director | 2022-01-01 | Feb 1980 | British |
| UPPAL, Gursharn Singh | Director | 2022-01-01 | Sep 1965 | British |
| WILLIAMS, Robert Edward | Director | 2018-10-09 | May 1982 | British |
Show 45 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARNEY, James | Secretary | — | 2009-11-30 |
| FRYER-SAXBY, Norman Sidney | Secretary | 2009-12-01 | 2019-01-15 |
| PETTITT, Anthony Kenneth | Secretary | 2019-01-15 | 2022-06-30 |
| ADAMS, Mark Andrew | Director | 2015-06-08 | 2023-12-18 |
| ANSCOMBE, Caroline Dorothy | Director | 2009-12-01 | 2025-12-31 |
| BASSETT, Daniel Patrick Graham | Director | 2020-03-09 | 2023-05-10 |
| CARNEY, James | Director | — | 2009-11-30 |
| CHAMBERS, Gregory John Adam | Director | 2010-04-12 | 2013-03-31 |
| CHANDLER, Clive Rowland | Director | — | 1996-05-02 |
| CONNOLLY, Francis | Director | 2006-01-16 | 2021-12-31 |
| COOK, John | Director | 1996-06-17 | 1998-06-15 |
| COOK, John | Director | 1994-07-06 | 1996-05-02 |
| DOWNES, Daniel Martin | Director | — | 2015-01-20 |
| FENWICK, Ian Malcolm | Director | 1994-07-06 | 2001-05-03 |
| FORD, George Henry | Director | — | 1994-06-08 |
| FREEMAN, James David Ferdinand | Director | 2007-08-01 | 2014-09-30 |
| GAVAGHAN, Jacqueline Theresa Doyle | Director | 2009-12-01 | 2015-10-31 |
| GAVIN, Christopher Bernard | Director | 2019-07-15 | 2021-12-31 |
| GILBERT, Martijn Lee | Director | 2014-11-01 | 2018-07-31 |
| GREEN, Robert James | Director | 2001-09-06 | 2008-05-01 |
| GRIFFITHS, Jane | Director | — | 1994-06-20 |
| HARRIS, Timothy James | Director | 2011-07-29 | 2014-05-24 |
| HINGLEY, Phillip Denis | Director | 1995-09-14 | 2003-05-01 |
| HUGHES, Rhodri | Director | 1995-05-22 | 2000-05-04 |
| JONES, Anthony | Director | 2002-05-02 | 2008-12-01 |
| MOFFATT, Keith Anthony | Director | 2006-01-16 | 2021-12-31 |
| ORTON, June Elizabeth | Director | — | 2007-05-10 |
| PAGE, Antony William, Councillor | Director | — | 2008-07-01 |
| PETTITT, Anthony Kenneth | Director | 2013-06-01 | 2019-08-31 |
| PRICE, Michael Derek | Director | 1987-05-19 | 1995-05-18 |
| SHEPHERD, Paul Michael | Director | 1995-05-22 | 2002-05-30 |
| SIMPSON, Samuel | Director | 2002-09-04 | 2009-11-30 |
| SINGLETON WHITE, Stuart Henry | Director | 2002-05-02 | 2010-12-09 |
| STANFORD-BEALE, Jane Elizabeth | Director | 2014-06-25 | 2023-10-31 |
| SUTTON, David Christopher | Director | 2008-09-25 | 2021-12-31 |
| SWAINE, Warren, Councillor | Director | 2008-05-01 | 2011-07-14 |
| TATTERSALL, Andrew | Director | 1998-12-21 | 2002-05-02 |
| TAYLOR, Richard Charles | Director | — | 1995-09-14 |
| THOMAS, Trish | Director | 2011-07-12 | 2023-10-31 |
| THOMPSON, Colin | Director | — | 2006-12-31 |
| TOWNEND, Michael Anthony | Director | 2008-05-01 | 2019-07-15 |
| WILLIAMS, Rosemary Phyllis, Cllr | Director | 2019-07-15 | 2021-12-31 |
| WILSON, Rodney Christopher | Director | — | 1995-05-01 |
| WINFIELD-CHISLETT, Elizabeth Anne | Director | 1996-06-17 | 2004-05-28 |
| WOODWARD, Paul | Director | 2011-07-12 | 2019-07-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Reading Borough Council | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-firm, Significant influence, significant-influence-or-control-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 241 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-31 MA Memorandum articles
- 2024-12-31 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | AA | accounts | Accounts with accounts type group | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-10 | AA | accounts | Accounts with accounts type group | |
| 2024-12-31 | MA | incorporation | Memorandum articles | |
| 2024-12-31 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-10 | CH01 | officers | Change person director company with change date | |
| 2024-03-27 | AA | accounts | Accounts with accounts type group | |
| 2023-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-08 | CH01 | officers | Change person director company with change date | |
| 2023-11-09 | CH01 | officers | Change person director company with change date | |
| 2023-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-05 | CH01 | officers | Change person director company with change date | |
| 2023-07-17 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-30 vs 2024-03-31
-
Turnover
+10.3%
£57,966,972 £63,927,049
-
Cash
-4.1%
£8,365,351 £8,022,221
-
Net assets
-5.8%
£16,868,455 £15,894,845
-
Employees
+12.9%
661 746
highest in 4 filed years
-
Operating profit
-52.7%
£4,731,360 £2,239,664
-
Profit before tax
-60.5%
£4,498,151 £1,775,350
-
Wages
+18%
£31,673,296 £37,366,503
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