RAILPEN LIMITED

1. RAILPEN LIMITED 2021-09-24 → present
2. RPMI LIMITED 2007-08-01 → 2021-09-24
3. RAILWAY PENSIONS MANAGEMENT LIMITED 1993-12-01 → 2007-08-01
4. PENSIONS MANAGEMENT LIMITED 1993-06-21 → 1993-12-01
5. B.R. LIGHT RAILWAYS LIMITED 1989-06-07 → 1993-06-21
6. GOLD STAR HOLIDAYS LIMITED 1988-11-10 → 1989-06-07

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements and therefore, have prepared the financial statements on a going concern basis.”

Group structure

1. RAILPEN LIMITED · parent
   1. Railpen Corporate Director Limited 100% · UK · dormant
   2. Railpen Corporate Secretary Limited 100% · UK · dormant
   3. Electricity Pensions Administration Limited 100% · UK · pensions administration services

Significant events

• “The ongoing review of Railpen's pension administration systems and processes has shown that the scale of the issues identified in the prior year were not as significant as initially anticipated. Relevant issues have been reported to regulatory bodies, where appropriate, and remediation provisions have been recognised on the balance sheet (see note 19). The review is not yet concluded, however, at this stage, the directors believe that additional costs in the region of £6m to £8m could be expected. Any costs or losses that arise will be recorded in Railpen's financial statements as they are incurred.”
• “Following a strategic review, a decision was made for Railpen to exit the third party administration market, in order to focus on its core railways pension scheme services. A formal announcement was made on 23 May 2025, with the transaction expected to complete on 30 June 2025.”

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

  +8%

  £133,478,000 → £144,172,000

• Cash

  +54.7%

  £16,726,000 → £25,873,000

• Net assets

  +2%

  £20,065,000 → £20,467,000

• Employees

  +9.2%

  699 → 763

• Operating profit

  -67.8%

  £9,810,000 → £3,160,000

• Profit before tax

  +34.2%

  -£1,505,000 → -£991,000

• Wages

  +16.9%

  £57,498,000 → £67,203,000

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