SPENCER RAIL ENGINEERING LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-05-18 (in 1y)
Last made up 2026-05-04
Watchouts
None on the register
Cash
£4M
+446,800% vs 2024
Net assets
£11M
-17.3% vs 2024
Employees
315
-1.6% vs 2024
Profit before tax
-£2M
-180.6% vs 2024
Name history
Renamed 1 time since incorporation
- SPENCER RAIL ENGINEERING LIMITED 2025-12-17 → present
- C SPENCER LIMITED 1989-01-11 → 2025-12-17
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £61,425,000 | £69,911,000 | |
| Operating profit | £2,802,000 | £3,207,000 | |
| Profit before tax | £2,955,000 | -£2,382,000 | |
| Net profit | £3,038,000 | -£2,382,000 | |
| Cash | £1,000 | £4,469,000 | |
| Total assets less current liabilities | £14,211,000 | £11,799,000 | |
| Net assets | £13,801,000 | £11,419,000 | |
| Equity | £13,801,000 | £11,419,000 | |
| Average employees | 320 | 315 | |
| Wages | £15,585,000 | £16,267,000 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 4.6% | 4.6% | |
| Net margin | 4.9% | -3.4% | |
| Return on capital employed | 19.7% | 27.2% | |
| Gearing (liabilities / total assets) | 62.1% | 68.5% | |
| Current ratio | 1.31x | 1.17x | |
| Interest cover | 4.94x | 7.37x |
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
- Dutton Moore
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- SPENCER RAIL ENGINEERING LIMITED · parent
- Athena Project Services Limited 100%
- Brawley Construction Limited 50%
- Aerotruss Limited 100%
- Spencer Digital Services Ltd 100%
- Spencer Building & Civil Engineering Ltd 100%
- Spencer Professional Services Limited 100%
- Spencer Rail Limited 100%
- Spencer Resources Limited 100%
Significant events
- “The loss on ordinary activities before taxation for the year is £2.4m (2024 profit: £3.0m). The loss was due to a one-off impairment charge of £5.2m (2024: nil).”
- “On 1 April 2023 C Spencer Limited transferred its Bridges Division into a separate company, Spencer Bridge Engineering Limited, which remains part of the Spencer Engineering group but is a separate trading entity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DALBY, Andrew Paul | Director | 2024-06-05 | Jun 1960 | British |
| LEIGHTON, William James | Director | 2024-05-26 | May 1993 | British |
| MOIR, Yvonne | Director | 2018-03-23 | Jun 1964 | British |
| SPENCER, Charles | Director | — | Jul 1953 | British |
| SPENCER, Noreen | Director | 1995-05-05 | Jan 1957 | British |
| THORNTON, Gary | Director | 2003-08-07 | Nov 1966 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRATTON, Gordon Cameron Paul | Secretary | 2007-06-08 | 2016-02-29 |
| JACKSON, Brian | Secretary | 2003-08-07 | 2007-05-04 |
| SPENCER, Noreen | Secretary | — | 2003-08-07 |
| BEACH, Andrew | Director | 2018-03-23 | 2022-07-22 |
| BEAL, Graham | Director | 2016-02-29 | 2018-12-10 |
| BRANTON, John William | Director | 1994-02-08 | 1999-08-12 |
| BURGESS, Richard | Director | 2016-02-29 | 2018-02-15 |
| COOPER, James Nicholas | Director | 2014-12-01 | 2016-02-29 |
| GALLAGHER, Simon Nicholas | Director | 2008-11-28 | 2013-11-30 |
| GRATTON, Gordon Cameron Paul | Director | 2007-03-01 | 2016-02-29 |
| GRIERSON, Lucy Helen | Director | 2006-12-06 | 2024-04-26 |
| HALLIDAY, Michael Stuart | Director | 2004-11-22 | 2007-05-31 |
| HAWLEY, Geoffrey | Director | 1994-07-04 | 2003-09-09 |
| JONES, Andrew Michael | Director | 2016-04-01 | 2018-02-02 |
| JONES, John Dudley | Director | — | 1993-08-05 |
| LAW, Eric | Director | 2005-07-06 | 2007-09-24 |
| MCLOUGHLIN, David Michael | Director | 2014-12-01 | 2016-02-29 |
| NOBLE, Simon George | Director | 2016-02-29 | 2016-10-18 |
| OSBOURNE, Christopher Brian | Director | 1997-05-14 | 2007-02-21 |
| PARKINSON, Andrew Richard | Director | 2016-07-01 | 2018-03-21 |
| RENSHAW, Michael John | Director | 2018-03-23 | 2021-07-31 |
| SINHA, Rajeev | Director | 2008-11-28 | 2014-12-01 |
| VESSEY, Peter | Director | 2004-11-22 | 2010-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Charles Spencer | Individual | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
| Spencer Engineering Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 221 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-17 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-05 | CH01 | officers | Change person director company with change date | |
| 2025-12-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-11-06 | AA | accounts | Accounts with accounts type group | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-21 | AA | accounts | Accounts with accounts type group | |
| 2024-06-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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 2025-03-31 vs 2024-03-31
-
Turnover
+13.8%
£61,425,000 £69,911,000
-
Cash
+446,800%
£1,000 £4,469,000
-
Net assets
-17.3%
£13,801,000 £11,419,000
-
Employees
-1.6%
320 315
-
Operating profit
+14.5%
£2,802,000 £3,207,000
-
Profit before tax
-180.6%
£2,955,000 -£2,382,000
-
Wages
+4.4%
£15,585,000 £16,267,000
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