DB CARGO INTERNATIONAL LIMITED

Company number

03232475

Status

Active

Incorporation

1996-07-26

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

49200

Hubs

UK Logistics & Mobility

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day to day working capital requirements through a cash pooling arrangement operated by its ultimate parent, Deutsche Bahn AG (DBAG) as detailed in note 15 and effectively operates in the same way as a bank account and is used to manage day to day working capital. Under the arrangement there is a daily sweep of the company's cash balances into the DBAG cash pool which is fully ringfenced as DB Cargo International Limited's cash. [...] DBAG have also provided a letter of comfort to confirm that they would not withhold any positive cash pool balances, and they will remain available to the company for a period of at least 12 months from the date of the approval of these financial statements.”

Subsidiaries

• Intercontainer Interfrigo S.C. · 0.094% held · Belgium · Haulage of freight by rail, road and ferry

Significant events

• “The European Commission has concluded the state aid proceedings, pending since 2022, against the Federal Republic of Germany (federal government) concerning DB Cargo AG with its decision of November 29, 2024. With its ruling, it approved loss compensations of €1.9 billion by the DB Group as restructuring aid.”
• “The profit transfer agreement between DB AG and DB Cargo AG has been terminated and will no longer be in effect as of January 1, 2025.”
• “The company has a dormant branch in Spain as part of its investment in UTE Montforte. Following the year end this branch has now been liquidated, effective 5 February 2025.”
• “On 22 November 1997 the company was purchased from the British Railways Board (BRB) by East & West Railway Limited. In connection with this purchase, in the event that freight operations through the Channel Tunnel are terminated, the company may be required by the Secretary of State to transfer certain tunnel related assets to a publicly owned railway company at fair market value, as determined by the Secretary of State.”
• “The company operates a fleet of Class 92 Locomotives. In the event that the company terminates its freight operations through the Channel Tunnel the company will be exposed to the difference, if any, between the market value and the net book value (NBV) of some or all the locomotives that the company may be called upon to sell. It is not possible to accurately quantify this exposure. The NBV of the locomotives at 31 December 2024 was £7,753,000.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers