NETWORK RAIL INTERNATIONAL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-24 (in 4mo)
Last made up 2025-09-10
Watchouts
None on the register
Cash
£11M
+472.4% vs 2024
Net assets
£12M
+27.1% vs 2024
Employees
—
Average over period
Profit before tax
£4M
+91.6% vs 2024
Name history
Renamed 3 times since incorporation
- NETWORK RAIL INTERNATIONAL LIMITED 2021-12-06 → present
- NETWORK RAIL (PROJECTS) LIMITED 2003-01-22 → 2021-12-06
- RAILTRACK (PROJECTS) LIMITED 1998-07-30 → 2003-01-22
- RAILTRACK (UK) LIMITED 1994-06-15 → 1998-07-30
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 | £32,399,000 | £47,406,000 | |
| Operating profit | £2,513,000 | £4,966,000 | |
| Profit before tax | £2,253,000 | £4,316,000 | |
| Net profit | £940,000 | £3,021,000 | |
| Cash | £1,921,000 | £10,996,000 | |
| Total assets less current liabilities | £9,625,000 | £12,315,000 | |
| Net assets | £9,407,000 | £11,960,000 | |
| Equity | £9,407,000 | £11,960,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 7.8% | 10.5% | |
| Net margin | 2.9% | 6.4% | |
| Return on capital employed | 26.1% | 40.3% | |
| Gearing (liabilities / total assets) | 45.1% | 46.0% | |
| Current ratio | 2.09x | 2.13x | |
| Interest cover | 9.67x | 7.64x |
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
- Consolidated group
- 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 group's and 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.”
Group structure
- NETWORK RAIL INTERNATIONAL LIMITED · parent
- Network Rail Consulting Ltd 100%
- Network Rail Consulting Pty Ltd 100%
- Network Rail Consulting Inc. 100%
- Network Rail Consulting (Canada) Inc. 100%
Significant events
- “Subsequent to the balance sheet date of 31 March 2025, management has reviewed the impact upon forward revenue for one of its projects in the US region. Due to a contraction in scope and timeline revision in the client's overall programme, management anticipates that the project will contribute a lower revenue next year.”
- “The initial facility of £3,000k was fully utilised at the balance sheet date but the new facility commenced in July 2024 has not been drawn down to date. All borrowings under the initial facility were fully repaid in the first quarter of FY25/26 and the facility ended in June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NR CORPORATE SECRETARY LIMITED | Corporate Secretary | 2014-10-20 | — | — |
| ASH, Nigel Alexander | Director | 2021-12-02 | May 1962 | British |
| FRANCES, Leila Emma Nicole | Director | 2025-05-01 | Sep 1973 | British |
| MAGUIRE, Rachel | Director | 2024-07-01 | Mar 1977 | British |
| MARSHALL, Paul Daniel | Director | 2025-09-30 | Sep 1979 | British |
| PRIOR, Mark Richard | Director | 2023-09-19 | Jun 1962 | British |
| REYNOLDS, Neil Martin | Director | 2023-03-15 | May 1961 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Kenneth Iain | Secretary | 2002-01-17 | 2003-10-28 |
| CRAWFORD, Lindsay | Secretary | 2001-05-18 | 2009-05-29 |
| HOLMAN, Jacqueline Frances | Secretary | 1995-09-18 | 1998-12-01 |
| JOBLING, Natalie Helen | Secretary | 2009-05-29 | 2014-10-20 |
| OSBORNE, Simon Kingsley | Secretary | 1994-06-15 | 2002-01-17 |
| WORTHINGTON, Paul Frank | Secretary | 1998-12-01 | 2002-01-17 |
| BROWN, Kenneth Iain | Director | 2002-01-17 | 2004-06-11 |
| CHIME, Winifred Njideka | Director | 2011-10-01 | 2014-10-20 |
| CRAWFORD, Lindsay | Director | 2002-01-17 | 2009-05-29 |
| DOBBS, Ian Ralph | Director | 2021-12-02 | 2025-03-31 |
| JOBLING, Natalie Helen | Director | 2009-05-29 | 2015-10-09 |
| MARTIN, Helen Jane | Director | 2021-05-28 | 2021-12-02 |
| MOSS, David Christopher | Director | 1994-06-15 | 1999-12-20 |
| NOBLE, Andrew Christopher John | Director | 2021-12-02 | 2024-07-31 |
| OSBORNE, Simon Kingsley | Director | 1994-06-15 | 2002-01-17 |
| RAMSHAW, Ian David | Director | 2017-02-03 | 2021-12-02 |
| ROWLAND, John Philip | Director | 2015-10-09 | 2021-05-28 |
| SHOVELLER, Timothy Colin | Director | 2022-01-01 | 2023-08-17 |
| THOMPSON, Ashley | Director | 2015-11-05 | 2016-09-30 |
| WALKER, Hazel Louise | Director | 2004-06-11 | 2011-09-30 |
| WESTLAKE, Jeremy William | Director | 2021-12-02 | 2025-12-17 |
| WORTHINGTON, Paul Frank | Director | 1999-12-20 | 2002-01-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Network Rail Infrastructure Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 142 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-27 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2025-07-24 | AA | accounts | Accounts with accounts type group | |
| 2025-05-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-12 | AA | accounts | Accounts with accounts type group | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | AA | accounts | Accounts with accounts type group | |
| 2024-02-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2023-04-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2023-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+46.3%
£32,399,000 £47,406,000
-
Cash
+472.4%
£1,921,000 £10,996,000
-
Net assets
+27.1%
£9,407,000 £11,960,000
-
Employees
—
Not reported
-
Operating profit
+97.6%
£2,513,000 £4,966,000
-
Profit before tax
+91.6%
£2,253,000 £4,316,000
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