NETWORK RAIL INFRASTRUCTURE LIMITED

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  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

1. NETWORK RAIL INFRASTRUCTURE LIMITED 2003-02-03 → present
2. RAILTRACK PLC 1994-02-28 → 2003-02-03

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

IFRS

Reporting scope

Consolidated group

Auditor

National Audit Office

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, I have concluded that Network Rail Infrastructure Limited and its Group's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Network Rail Infrastructure Limited and its Group'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

1. NETWORK RAIL INFRASTRUCTURE LIMITED · parent
   1. Network Rail Insurance Limited 1% · Guernsey · Insurance company
   2. Network Rail (High Speed) Limited 1% · Great Britain · Holds St Pancras concession and High Speed Rail Services Agreement
   3. Network Rail Development Limited 1% · Great Britain · Holds 49.95% of each of the property joint ventures Solum Regeneration Limited Partnership and Solum Regeneration Epsom Limited Partnership. Solum is a property development business.
   4. Network Rail Pension Trustee Limited · Great Britain · Administration of defined contribution and CARE defined benefit pension schemes.
   5. Network Rail Consulting Limited 1% · Great Britain · International rail consultancy

Significant events

• “The February 2025 publication of "A Railway fit for Britain's Future" proposes that a new public body, Great British Railways, will integrate the railways, owning the infrastructure, collecting fare revenue, running, and planning the network, and setting most fares and timetables. It is planned that Network Rail will be absorbed into the public body to bring about single, unified, and accountable leadership for the national network.”
• “Network Rail Infrastructure Limited was prosecuted for a breach of section 2 of the Health and Safety at Work Act 1974 in connection a fatal incident at Margam on 3 July 2019. On 14 February 2025, Network Rail Infrastructure Limited was sentenced and fined £3.75m.”
• “Network Rail Infrastructure Limited was prosecuted for a breach of section 2 of the Health and Safety at Work Act 1974 in connection a fatal incident at Surbiton on 9 February 2021. On 27 February 2025, Network Rail Infrastructure Limited was sentenced and fined £3.41m.”

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

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.9%

  £11,538,000,000 → £11,319,000,000

• Cash

  +39%

  £428,000,000 → £595,000,000

• Net assets

  +9.5%

  £19,106,000,000 → £20,915,000,000

• Employees

  +0.9%

  40,966 → 41,331

• Operating profit

  -20.7%

  £4,042,000,000 → £3,207,000,000

• Profit before tax

  -51.9%

  £1,496,000,000 → £720,000,000

• Wages

  +5.3%

  £2,422,000,000 → £2,551,000,000

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