READYPOWER RAIL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-11 (in 9mo)
Last made up 2026-01-28
Watchouts
None on the register
Cash
£733K
-51.9% vs 2023
Net assets
£38M
+9.4% vs 2023
Employees
312
+26.3% vs 2023
Profit before tax
£4M
+74.8% vs 2023
Name history
Renamed 1 time since incorporation
- READYPOWER RAIL SERVICES LIMITED 2017-05-23 → present
- READYPOWER ENGINEERING LIMITED 1992-01-28 → 2017-05-23
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 | £49,690,000 | £68,383,000 | |
| Operating profit | £5,574,000 | £9,213,000 | |
| Profit before tax | £2,342,000 | £4,093,000 | |
| Net profit | £1,736,000 | £3,262,000 | |
| Cash | £1,523,000 | £733,000 | |
| Total assets less current liabilities | £42,262,000 | £46,459,000 | |
| Net assets | £34,760,000 | £38,022,000 | |
| Equity | £34,760,000 | £38,022,000 | |
| Average employees | 247 | 312 | |
| Wages | £15,029,000 | £18,068,000 |
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 | 11.2% | 13.5% | |
| Net margin | 3.5% | 4.8% | |
| Return on capital employed | 13.2% | 19.8% | |
| Gearing (liabilities / total assets) | 71.8% | 73.7% | |
| Current ratio | 1.04x | 0.95x | |
| Interest cover | 1.67x | 1.72x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 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.”
Significant events
- “The company delivered another strong year with sales of £68.4 million (2023: £49.7 million), EBITDA of £19.2 million (2023: £11.2 million) and operating profit of £9.2 million (2023: £5.6 million). The company continued its strategy of investment in capital assets by adding significant capability and more environmentally friendly assets to its fleet during the year, with £20.2 million (2023: £4.3 million) spent on Road Rail Vehicles (RRVs), RRV upgrades and associated equipment and attachments. This included the purchase of 110 assets from Train Plant Realisations (previously named TXM Plant Limited), taking the company's overall fleet to 414 RRVs as at the end of the year. It is the company's intention to continue to invest in new RRVs, upgrades and equipment during 2025, whilst streamlining the overall RRV fleet size.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COCKAYNE, Timothy Noel | Director | 2026-02-09 | Jul 1978 | British |
| MATTHEWS, Darren Clive | Director | 2023-05-15 | Mar 1968 | British |
| OLIVER, James Richard | Director | 2023-05-15 | Jan 1978 | British |
| STANFORD, James Robert | Director | 2023-05-15 | Jan 1981 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAHONEY, Julie Irene | Secretary | 1992-02-17 | 2017-02-03 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1992-01-28 | 1992-02-17 |
| COPE, Maureen Frances | Director | 1992-02-17 | 1998-04-01 |
| CROSSEN, James Michael | Director | 2022-11-02 | 2023-09-07 |
| DEVANNEY, William Gerard | Director | 2017-06-16 | 2025-04-30 |
| HEPBURN, Anthony Michael | Director | 2017-02-03 | 2022-10-27 |
| JACK, Russell George | Director | 2017-02-03 | 2026-03-31 |
| MAHONEY, Julie Irene | Director | 1992-02-17 | 2017-02-03 |
| MAHONEY-VEITCH, Kate Louise | Director | 1999-11-15 | 2017-02-03 |
| YOUNG, Andrew James | Director | 2004-04-06 | 2010-08-13 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1992-01-28 | 1992-02-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Readypower Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-16 | Active |
| Readypower Rail Services Group Limited | Corporate entity | Shares 75–100% | 2017-02-03 | Ceased 2022-11-16 |
| Mrs Julie Irene Mahoney | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2017-02-03 |
Filing timeline
Last 20 of 149 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-14 | CH01 | officers | Change person director company with change date | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+37.6%
£49,690,000 £68,383,000
-
Cash
-51.9%
£1,523,000 £733,000
-
Net assets
+9.4%
£34,760,000 £38,022,000
-
Employees
+26.3%
247 312
-
Operating profit
+65.3%
£5,574,000 £9,213,000
-
Profit before tax
+74.8%
£2,342,000 £4,093,000
-
Wages
+20.2%
£15,029,000 £18,068,000
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