TRL LIMITED

• ⚠

  Insolvency history on file

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

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. TRL LIMITED 1996-04-01 → present
2. INTERCEDE 1165 LIMITED 1995-12-29 → 1996-04-01

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 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group's forecasts and projections, including stress testing taking account of reasonable changes in trading performance, confirm that the Group is expected to be able to operate within the level of its financing facilities. The Group has also continued to seek efficiencies within its cost base. After making enquiries and having evaluated the on-going trading of the business, the Directors have reasonable expectations that the Group has adequate resources to continue to operate for a period considered to be at least 12 months from the date of this report. Accordingly, the Directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the Annual Reports and Financial Statements”

Group structure

1. TRL LIMITED · parent
   1. TRL International Limited 100% · England
   2. Appia Infrastructure Solutions Limited 100% · England
   3. Transport and Travel Research Limited 100% · England
   4. TRL Software Limited 100% · England
   5. SMLL Limited 100% · England
   6. TRL Deutschland GmbH 100% · Germany
   7. TRL Technologies India Private Limited 70% · India

Significant events

• “Following approval of the CVA and expiry of the statutory waiting periods, Blandford's vehicle, Thirlmere Bidco Limited, acquired 100% of the share capital of TRL Limited on 17 April 2025. Following this, an injection of capital was made to the company to fund repayment of Lloyds Bank, settlement with the pension scheme, and to meet the company's ongoing working capital requirements. The CVA completed on 25 April 2025 after all the required payments had been made.”

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

Filings

9

last 12 months

Capital events

2

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

  -5.4%

  £23,345,000 → £22,074,000

• Cash

  +577.2%

  £224,000 → £1,517,000

• Net assets

  +104.6%

  -£7,113,000 → £324,000

• Employees

  -31.6%

  231 → 158

• Operating profit

  +2,516.1%

  £436,000 → £11,406,000

• Profit before tax

  +2,550.8%

  -£427,000 → £10,465,000

• Wages

  -19.3%

  £11,459,000 → £9,253,000

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