DIRECT RAIL SERVICES LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-27 (in 9mo)
Last made up 2026-02-13
Watchouts
None on the register
Cash
£11M
-11.4% vs 2024
Net assets
£44M
+12% vs 2024
Employees
446
-1.3% vs 2024
Profit before tax
-£295K
-175.3% vs 2024
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 | £103,731,000 | £96,786,000 | |
| Operating profit | £116,000 | -£24,000 | |
| Profit before tax | £392,000 | -£295,000 | |
| Net profit | -£1,090,000 | £964,000 | |
| Cash | £12,975,000 | £11,493,000 | |
| Total assets less current liabilities | £99,173,000 | £90,586,000 | |
| Net assets | £39,586,000 | £44,325,000 | |
| Equity | £39,586,000 | £44,325,000 | |
| Average employees | 452 | 446 | |
| Wages | £31,031,000 | £32,333,000 |
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 | 0.1% | -0.0% | |
| Net margin | -1.1% | 1.0% | |
| Return on capital employed | 0.1% | -0.0% | |
| Gearing (liabilities / total assets) | 73.2% | 68.0% | |
| Current ratio | 0.83x | 0.72x | |
| Interest cover | 0.30x | -0.03x |
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 (FRS 101)
- Reporting scope
- Standalone (parent only)
- Auditor
- National Audit Office
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following review of latest forecasts, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors therefore continue to adopt the going concern basis of accounting in preparing these financial statements.”
Significant events
- “Charitable contributions totalling £7k (2023/24: £4k) were made during the year.”
- “During the year the Company had in force indemnity insurance in favour of one or more Directors of the Company subject to the conditions set out in section 236 of the Companies Act 2006 (2023/24: same).”
- “In September 2025 the Company agreed a revised repayment date for the £7m loan facility such that it currently falls due for repayment in March 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 48 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VADIYA, Mehboob | Secretary | 2024-01-04 | — | — |
| GOLDWAG, Wanda Celina | Director | 2021-07-01 | Nov 1954 | British |
| MIDDLEHURST, Ciara Ann | Director | 2025-04-01 | Sep 1980 | British |
| RODGERS, Haydn Scott | Director | 2025-10-01 | Dec 1985 | British |
| SPENCER, Geoffrey Michael Silson | Director | 2018-01-16 | Sep 1966 | British |
| WHITTARD, Ben | Director | 2025-04-01 | Oct 1985 | British |
Show 48 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUKHARI, Khalil | Secretary | 2021-02-01 | 2024-01-03 |
| HAMMOND, Mairi Fiona | Secretary | 2005-04-01 | 2006-09-14 |
| HODGSON, Helen Elizabeth | Secretary | 2006-09-14 | 2020-03-01 |
| MORSE, James Halford | Secretary | 2005-04-01 | 2005-04-01 |
| SHUTTLEWORTH, Alvin Joseph | Secretary | 1995-02-13 | 2005-04-01 |
| TOPHAM, Amanda Dorothy | Secretary | 2020-03-06 | 2021-01-31 |
| ARMETT, Alyson Noreen | Director | 2018-03-28 | 2021-01-31 |
| AYLMORE, Linda Mary | Director | 2023-06-12 | 2024-04-26 |
| BALMER, Sean Lee | Director | 2009-05-14 | 2011-11-22 |
| BAMFORTH, John Richard | Director | 2012-01-26 | 2015-01-05 |
| BURNS, Margaret Elizabeth | Director | 1998-01-28 | 2003-05-09 |
| BUSH, Antony Steven | Director | 2015-01-05 | 2017-07-31 |
| CLARKE, John Simon | Director | 2009-05-08 | 2009-05-14 |
| CONNELLY, Christopher Antony Peter | Director | 2012-01-26 | 2022-11-30 |
| DAVIES, Michael Derek | Director | 2003-06-06 | 2005-02-18 |
| EDWARDS, John Frederick | Director | 2005-03-24 | 2005-04-01 |
| ELLIS, Katharine Jane | Director | 2019-01-29 | 2021-07-01 |
| EYMER, Gottfried Georg | Director | 2025-05-01 | 2026-02-03 |
| FRANCIS, Deborah Anne | Director | 2016-07-04 | 2020-02-28 |
| GRAHAM, Peter Reid | Director | 2005-04-01 | 2005-06-28 |
| GREAVES, Alaine Louise | Director | 2021-07-02 | 2023-02-17 |
| HAMMOND, Mairi Fiona | Director | 2005-04-01 | 2006-09-14 |
| HANSON, Neil Adrian | Director | 2006-10-24 | 2011-03-31 |
| HAYES, David Harold | Director | 2005-06-28 | 2007-01-23 |
| HIGGINS, Robert Andrew Bryson | Director | 2016-07-01 | 2018-01-16 |
| JOHNSTON, Sara Eshelby, Dr | Director | 2012-01-26 | 2017-12-31 |
| JOULE, Maxwell | Director | 1995-03-31 | 1999-10-08 |
| KYBIRD, Seth | Director | 2021-02-01 | 2025-04-01 |
| LAMPRELL, Alaine Louise | Director | 2005-02-18 | 2005-04-01 |
| LAYCOCK, John Hugh Spencer | Director | 1995-03-31 | 1997-08-29 |
| LECKIE, Michael Charles | Director | 2024-06-07 | 2025-09-30 |
| LECKIE, Michael Charles | Director | 2017-09-27 | 2021-07-02 |
| LEGGETT, Mark Richard | Director | 2007-01-23 | 2008-02-21 |
| LIEFEITH, Martin Claus | Director | 2010-02-19 | 2019-01-29 |
| MARSHALL, Jeffrey | Director | 2015-01-05 | 2018-07-17 |
| MCLAUGHLIN, James | Director | 2010-09-24 | 2014-01-27 |
| MCNICHOLAS, Neil Dominic Peter | Director | 1999-11-26 | 2015-09-30 |
| MOORE, Alan | Director | 2008-04-11 | 2016-07-04 |
| MORSE, James Halford | Director | 2005-04-01 | 2008-08-14 |
| MROWICKI, Richard Edward | Director | 1995-03-31 | 1999-07-23 |
| NIXON, Clive Richard | Director | 2014-09-10 | 2021-01-31 |
| READLE, Peter Howard | Director | 1995-02-22 | 1996-11-25 |
| REID, Colin Stuart | Director | 1995-02-13 | 1995-02-22 |
| ROBERTS, William Mark | Director | 2005-04-01 | 2010-02-19 |
| RYCROFT, Jeremy John Roland | Director | 2002-11-20 | 2005-04-01 |
| SMITTON, Clive, Dr | Director | 1998-08-07 | 2004-01-01 |
| THOMAS, Alastair Barclay | Director | 1996-12-06 | 2002-12-31 |
| WATSON, Brian | Director | 1995-03-31 | 1998-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For Energy, Security And Net Zero | Legal person | right-to-appoint-and-remove-directors-as-firm | 2016-06-06 | Active |
Filing timeline
Last 20 of 202 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | AA | accounts | Accounts with accounts type full | |
| 2026-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-29 | AA | accounts | Accounts with accounts type full | |
| 2023-11-24 | PSC06 | 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
- 1
- Officers resigned
- 2
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
-6.7%
£103,731,000 £96,786,000
-
Cash
-11.4%
£12,975,000 £11,493,000
-
Net assets
+12%
£39,586,000 £44,325,000
-
Employees
-1.3%
452 446
-
Operating profit
-120.7%
£116,000 -£24,000
-
Profit before tax
-175.3%
£392,000 -£295,000
-
Wages
+4.2%
£31,031,000 £32,333,000
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