DB CARGO (UK) LIMITED

1. DB CARGO (UK) LIMITED 2016-03-01 → present
2. DB SCHENKER RAIL (UK) LIMITED 2008-12-18 → 2016-03-01
3. ENGLISH WELSH & SCOTTISH RAILWAY LIMITED 1996-10-14 → 2008-12-18
4. TRANSRAIL FREIGHT LIMITED 1994-07-22 → 1996-10-14
5. TRAINLOAD FREIGHT WEST LIMITED 1994-06-09 → 1994-07-22

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

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statement and therefore have prepared the financial statement on a going concern basis.”

Group structure

1. DB CARGO (UK) LIMITED · parent
   1. Locomotive 6667 Limited 100% · England & Wales · Holding company

Significant events

• “During 2023 the business launched a transformation program to target improvement in profit and modernise the company; this program has continued throughout 2024 and will continue through 2025.”
• “The company has a strong focus on the environment and, during 2023, continued discussions with customers on the use of Hydrogenated Vegetable Oil (HVO) to fuel trains as an alternative to diesel. This has resulted in one major customer having transitioned all freight to HVO in 2024 and discussions ongoing with several other customers for similar transitions.”
• “A project regarding a proposed pensionable pay freeze for employees in the RPS began in 2023 involving a negotiation process with the company's recognised Trade Unions. The proposed pensionable pay freeze for six years from 1 July 2024 to 30 June 2030 was implemented contractually during March 2024.”
• “During 2023 and 2024, a handful of non-strategic sites were sold. Other sites have been enhanced and/or expanded to consolidate the activity from these sites.”
• “The directors also intend to liquidate certain Group companies as part of the wider group reorganisation, before the end of 2025. The trade, assets and liabilities of the companies will be transferred to DB Cargo (UK) Limited prior to liquidation. The reorganisation is driven by a desire to streamline internal processes and drive efficiencies to support the wider transformation of the UK business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +2.1%

  £268,728,000 → £274,432,000

• Cash

  0%

  £840,000 → £840,000

• Net assets

  -5.2%

  £391,078,000 → £370,623,000

• Employees

  -4.6%

  1,987 → 1,895

• Operating profit

  +82.6%

  -£92,052,000 → -£15,974,000

• Profit before tax

  +101.2%

  -£89,089,000 → £1,058,000

• Wages

  -5.5%

  £115,436,000 → £109,115,000

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