LONDON GENERAL TRANSPORT SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-15 (in 9mo)
Last made up 2026-02-01
Watchouts
None on the register
Cash
£3K
+50% vs 2023
Net assets
£22M
-14.2% vs 2023
Employees
7,742
+6.3% vs 2023
Profit before tax
-£5M
-120.9% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £859,673,000 | £642,784,000 | |
| Operating profit | £23,012,000 | £907,000 | |
| Profit before tax | £21,577,000 | -£4,503,000 | |
| Net profit | £17,921,000 | -£3,684,000 | |
| Cash | £2,000 | £3,000 | |
| Total assets less current liabilities | £112,204,000 | £136,037,000 | |
| Net assets | £26,002,000 | £22,318,000 | |
| Equity | £26,002,000 | £22,318,000 | |
| Average employees | 7,284 | 7,742 | |
| Wages | £488,285,000 | £377,606,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.7% | 0.1% | |
| Net margin | 2.1% | -0.6% | |
| Return on capital employed | 20.5% | 0.7% | |
| Gearing (liabilities / total assets) | 89.7% | 93.1% | |
| Current ratio | 0.22x | 0.27x | |
| Interest cover | 6.70x | 0.17x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- 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 for at least twelve months from the date of approval of these financial statements and meet its liabilities as they fall due. The Company is dependent on continuing financial support from The Go-Ahead Group Limited.”
Group structure
- LONDON GENERAL TRANSPORT SERVICES LIMITED · parent
- Go-Ahead Finance Company 10%
- Docklands Buses Ltd 100%
- Blue Triangle Buses Ltd 100%
- Go-Ahead London Rail Replacement Services Ltd 100%
- Metrobus Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 37 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARNEY, Matthew Walter | Director | 2024-04-15 | Jan 1981 | Australian |
| EDWARDS, Andrew Duncan | Director | 2023-08-24 | Aug 1984 | British |
| HARLOCK, Andre Michael Zaven | Director | 2025-12-01 | Mar 1983 | British |
| KINSEY, Nicholas Charles Scott | Director | 2025-09-01 | Aug 1993 | British |
| WALSH, Martyn | Director | 2026-03-23 | Mar 1992 | British |
Show 37 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTCHER, Ian Philip | Secretary | 1996-06-20 | 2006-06-30 |
| DAVIS, Edward Roger Selwood | Secretary | — | 1995-02-28 |
| FERGUSON, Carolyn | Secretary | 2006-07-01 | 2026-04-30 |
| REEVES, Paul William James | Secretary | 1995-02-28 | 1996-06-20 |
| ADIE, Douglas Jamieson | Director | 1996-08-01 | 1997-03-13 |
| BALLINGER, Martin Stanley Andrew | Director | 1996-06-20 | 2004-12-31 |
| BENNETT, Edward Vine | Director | 1994-10-14 | 1994-11-03 |
| BOYD, Gordon Alexander | Director | 2021-09-28 | 2022-03-28 |
| BRIAN, Elodie Marie Francoise | Director | 2019-06-05 | 2021-09-27 |
| BROWN, David Allen | Director | 2011-04-01 | 2021-11-05 |
| BROWN, David Allen | Director | 1998-02-16 | 2006-08-19 |
| BUTCHER, Ian Philip | Director | 1996-06-20 | 2007-07-01 |
| BUTCHER, Simon Patrick | Director | 2016-03-14 | 2018-11-30 |
| CUTTS, David Arthur | Director | 2006-09-10 | 2024-04-18 |
| DAVIS, Edward Roger Selwood | Director | — | 1993-01-04 |
| DOWN, Keith | Director | 2011-03-07 | 2015-12-06 |
| EATWELL, Alan William | Director | 1996-08-01 | 2002-10-16 |
| ELLIOTT, Graham | Director | — | 1994-11-01 |
| ELMS, John Martin | Director | — | 1997-12-31 |
| HARRINGTON, Richard | Director | 2011-12-01 | 2023-08-01 |
| HODSON, Clive | Director | — | 1994-11-01 |
| JOYNER, Thomas Guy | Director | 2024-06-03 | 2025-01-31 |
| LUDEMAN, Keith Lawrence | Director | 2006-07-10 | 2011-07-02 |
| LUDEMAN, Keith Lawrence | Director | — | 1999-05-20 |
| MARGRAVE, Philip Richard John | Director | — | 2014-08-22 |
| MCKEOWN, Christopher | Director | 2023-08-01 | 2026-03-20 |
| MOYES, Christopher | Director | 1996-06-20 | 2006-07-08 |
| REEVES, Paul William James | Director | 1994-01-10 | 2014-03-31 |
| ROWLINSON, Mark Andrew | Director | 1993-01-04 | 1993-12-03 |
| SAWERS, Sam Joseph | Director | 2024-06-03 | 2024-09-19 |
| SCHREYER, Christian | Director | 2021-11-05 | 2023-10-31 |
| SLATTERY, Michael John | Director | 2014-01-01 | 2024-04-18 |
| SWIFT, Nicholas | Director | 2007-07-17 | 2011-03-07 |
| TRAYNER, John | Director | 2002-01-07 | 2024-09-26 |
| WATSON, Derek Stephen | Director | 1994-10-14 | 1994-11-03 |
| WHITLEY, Andrew John | Director | 1994-10-14 | 1994-11-03 |
| YOUNG, Robin Ainsworth Raine | Director | 1996-09-16 | 2001-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Go-Ahead Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 254 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-05-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-12 | CH01 | officers | Change person director company with change date | |
| 2025-12-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-11 | CH03 | officers | Change person secretary company with change date | |
| 2025-08-11 | AA | accounts | Accounts with accounts type full | |
| 2025-08-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-29 | CH01 | officers | Change person director company with change date | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-21 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-13 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-25.2%
£859,673,000 £642,784,000
-
Cash
+50%
£2,000 £3,000
-
Net assets
-14.2%
£26,002,000 £22,318,000
-
Employees
+6.3%
7,284 7,742
-
Operating profit
-96.1%
£23,012,000 £907,000
-
Profit before tax
-120.9%
£21,577,000 -£4,503,000
-
Wages
-22.7%
£488,285,000 £377,606,000
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