ANGEL LEASING COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£897K
+502% vs 2023
Net assets
£667M
+11% vs 2023
Employees
—
Average over period
Profit before tax
£88M
-6.8% vs 2023
Name history
Renamed 2 times since incorporation
- ANGEL LEASING COMPANY LIMITED 1999-01-25 → present
- ROYSCOT ASSET MANAGEMENT (MARCH) LIMITED 1996-01-26 → 1999-01-25
- BONUSMICRO LIMITED 1995-10-17 → 1996-01-26
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 | £130,062,000 | £122,408,000 | |
| Operating profit | £95,203,000 | £84,235,000 | |
| Profit before tax | £94,421,000 | £88,042,000 | |
| Net profit | £72,410,000 | £66,027,000 | |
| Cash | £149,000 | £897,000 | |
| Total assets less current liabilities | £959,176,000 | £999,939,000 | |
| Net assets | £600,585,000 | £666,612,000 | |
| Equity | £600,585,000 | £666,612,000 | |
| 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 73.2% | 68.8% | |
| Net margin | 55.7% | 53.9% | |
| Return on capital employed | 9.9% | 8.4% | |
| Gearing (liabilities / total assets) | 40.6% | 37.3% | |
| Current ratio | 0.01x | 0.03x | |
| Interest cover | 4.84x | 4.57x |
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
“These financial statements are prepared on a going concern basis. The Company continues to comply with the requirements of the Group's debt covenants, with performance underpinned by positive cash flows from the Company's operations, despite a negative net current liabilities position. The Directors having made appropriate enquiries, have reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “During November 2024, the Company's ultimate parent company, Willow Topco Limited, was acquired by Willow Group Holdings Limited (including its subsidiary companies, "the Group").”
- “During the year, the Company completed the biggest refurbishment and transformation project on its Class 390 Pendolino fleet, within the UK rail industry, improving the passenger experience with more seats, improved interiors and amenities.”
- “Following the general election in July 2024 and the resulting change in government, the new Labour government gained royal assent for the Passenger Railway Services (Public Ownership) Act 2024 in November 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GARCIA, Claire | Secretary | 2023-01-17 | — | — |
| BROWN, Malcolm | Director | 2020-07-13 | Mar 1967 | British |
| JORDAN, David Michael | Director | 2018-08-01 | Mar 1973 | British |
| LOWE, Alan Edward | Director | 2012-05-29 | Jan 1968 | British |
| PROSSER, Matthew James | Director | 2019-07-23 | May 1972 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLAS, Nesha | Secretary | 2017-09-25 | 2022-06-21 |
| LOWE, Alan | Secretary | 2022-06-21 | 2023-01-17 |
| LOWE, Alan | Secretary | 2016-10-18 | 2017-09-25 |
| ODDY, Louise Margaret | Secretary | 1999-01-29 | 2009-06-23 |
| SMITH, Claire | Secretary | 2009-06-23 | 2016-10-18 |
| WOODCOCK, Michael Ian Charles | Secretary | 1995-11-01 | 1999-01-29 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1995-10-17 | 1995-11-01 |
| ABBOTT, Haydn Turner | Director | 1999-08-20 | 2008-08-05 |
| BAKER, Allan Charles | Director | 1999-01-19 | 2001-08-21 |
| BROWN, Malcolm | Director | 2008-11-21 | 2018-07-30 |
| DOBBS, Clive Richard | Director | 1998-10-01 | 1999-01-29 |
| DUGHER, Tim Richard | Director | 2008-11-21 | 2011-03-31 |
| EVANS, John Huw | Director | 1995-11-01 | 1999-01-29 |
| FINLAYSON, David John Mcintosh | Director | 1995-11-01 | 1998-09-30 |
| HEANEY, Brian Ward | Director | 1995-11-01 | 1999-01-29 |
| HICKS, Mark Andrew | Director | 2011-03-31 | 2019-07-23 |
| HOUSTON, Iain Arthur | Director | 1999-01-29 | 2001-08-21 |
| LYNN, George | Director | 1999-01-29 | 2012-07-04 |
| MARTIN, Arthur Bryan | Director | 1999-01-29 | 1999-05-31 |
| ODDY, Louise Margaret | Director | 1999-01-29 | 2009-06-25 |
| POLLARD, John Reginald | Director | 1995-11-01 | 1999-01-29 |
| PRIDEAUX, John Denys Charles Anstice, Dr | Director | 1999-01-29 | 1999-07-13 |
| RIGBY, Peter John | Director | 1999-01-29 | 2001-08-21 |
| SWEETMAN, Jonathan Michael | Director | 1999-01-29 | 2001-08-21 |
| TRIBLEY, Kevin George | Director | 2009-06-23 | 2020-09-01 |
| VALE, John | Director | 2002-06-17 | 2008-09-12 |
| VALE, John | Director | 1999-01-29 | 2001-08-21 |
| VERRION, Robert Edward | Director | 2008-08-05 | 2009-08-04 |
| WOODCOCK, Michael Ian Charles | Director | 1998-10-01 | 1999-01-29 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1995-10-17 | 1995-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Great Rolling Stock Company Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 334 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2024-03-19 | CH01 | officers | Change person director company with change date | |
| 2023-08-22 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-24 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-11-07 | AAMD | accounts | Accounts amended with accounts type full | |
| 2022-09-12 | AA | accounts | Accounts with accounts type full | |
| 2022-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-22 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-06-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-09-22 | AA | accounts | Accounts with accounts type full | |
| 2021-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2020-12-19 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-5.9%
£130,062,000 £122,408,000
-
Cash
+502%
£149,000 £897,000
-
Net assets
+11%
£600,585,000 £666,612,000
-
Employees
—
Not reported
-
Operating profit
-11.5%
£95,203,000 £84,235,000
-
Profit before tax
-6.8%
£94,421,000 £88,042,000
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