SE TRAINS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-01 (in 3mo)
Last made up 2025-07-18
Watchouts
None on the register
Cash
£84M
+4.2% vs 2024
Net assets
£26M
+40% vs 2024
Employees
4,629
+3.6% vs 2024
Profit before tax
£10M
-3.8% 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 | £1,176,551,000 | £1,262,095,000 | |
| Operating profit | £10,947,000 | £13,518,000 | |
| Profit before tax | £10,025,000 | £9,648,000 | |
| Net profit | £7,906,000 | £7,486,000 | |
| Cash | £80,789,000 | £84,162,000 | |
| Total assets less current liabilities | £22,302,000 | £220,997,000 | |
| Net assets | £18,699,000 | £26,185,000 | |
| Equity | £18,699,000 | £26,185,000 | |
| Average employees | 4,466 | 4,629 | |
| Wages | £222,229,000 | £238,403,000 |
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 | 0.9% | 1.1% | |
| Net margin | 0.7% | 0.6% | |
| Return on capital employed | 49.1% | 6.1% | |
| Gearing (liabilities / total assets) | 94.2% | 95.4% | |
| Current ratio | 0.80x | 0.76x | |
| Interest cover | 6.75x | 1.93x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The basis for preparation for these financial statements has been on a going concern basis which the directors consider to be appropriate as our business will continue and is central to the recovery of the country economically and socially.”
Significant events
- “On 21 May 2025, the Company signed an Amendment and Restatement Agreement with the Secretary of State for Transport and DfT Operator Limited (DFTO) in respect of its service agreement originally awarded on 17 October 2021. The agreement came into effect on 25 May 2025 and extends the term of the service agreement to 28 May 2028 or such other later date as the Secretary of State determines.”
- “On 29 May 2025, the Company signed a tripartite agreement with the DfT and Lloyds General Leasing Limited (Lloyds) to transfer the leases of Ashford Light Maintenance Depot and Ramsgate Light Maintenance Depot to Southeastern. The facilities were previously operated by Southeastern under a sub-lease arrangement with Lloyds.”
- “The Company made charitable donation of £119,000 during the year ended 31 March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VYAS, Karishma | Secretary | 2022-07-14 | — | — |
| BARLOW, Paul Richard | Director | 2022-06-20 | May 1969 | British |
| HARRISON, Richard Charles Vyvyan | Director | 2021-10-17 | Aug 1967 | British |
| HYNES, Alexander John | Director | 2026-01-05 | Mar 1977 | British |
| RICHARDS, James David | Director | 2026-04-23 | Feb 1968 | British |
| STRAUN, Bianca | Director | 2021-10-17 | Jun 1978 | British |
| WHITE, Stephen Edwin | Director | 2021-10-17 | Aug 1965 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENTLEY, Matthew Philip | Secretary | 2020-09-22 | 2022-07-14 |
| BOYD, Ruth Immanuel | Secretary | 2018-03-16 | 2019-03-05 |
| BRAYBROOK, Sonia Anita | Secretary | 2005-07-29 | 2013-11-21 |
| CUNNINGHAM, Stephanie Jade | Secretary | 2019-03-05 | 2020-06-26 |
| DAWSON, Trevor | Secretary | 2015-12-31 | 2016-09-23 |
| HYLAND, Matthew William Edward | Secretary | 1997-08-18 | 2005-01-28 |
| PATTINGTON, Helen Jane | Secretary | 2018-03-16 | 2019-03-05 |
| SINCLAIR, Janet Elizabeth | Secretary | 2005-01-28 | 2005-07-24 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-10-22 | 1997-08-18 |
| BACKLER, Gary George | Director | 2003-01-13 | 2010-12-17 |
| BENNETT, David Clive | Director | 2015-12-31 | 2021-06-04 |
| CANTWELL, Richard Charles | Director | 2015-12-31 | 2019-03-05 |
| GISBY, Robin William, Mr. | Director | 2021-10-17 | 2025-12-23 |
| GRADY, Peter | Director | 2021-02-16 | 2021-10-17 |
| HADDOCK, Dominic Nigel | Director | 2021-02-16 | 2021-10-17 |
| HOLDEN, Michael Peter, Sir | Director | 2013-11-21 | 2015-12-31 |
| MACQUARRIE, John | Director | 2021-06-04 | 2021-10-17 |
| MORRIS, Richard John | Director | 1999-10-20 | 2001-09-13 |
| MURRAY, Andrew Bernard | Director | 2010-12-17 | 2013-11-21 |
| NEWTON, Nicholas George | Director | 1996-12-12 | 2005-07-24 |
| PATTINGTON, Helen Jane | Director | 2019-03-05 | 2021-02-16 |
| REA, David Ian | Director | 2003-01-13 | 2011-03-21 |
| RODGERS, Paul David | Director | 2011-03-21 | 2013-11-21 |
| SMITH, Simon Alexander | Director | 2018-03-16 | 2021-10-17 |
| SUTHERLAND, George William Douglas | Director | 2013-11-21 | 2015-12-31 |
| TALBOT, Liam Charles | Director | 2020-01-06 | 2021-10-17 |
| TERLECKY, Iryna | Director | 1999-10-20 | 2005-07-24 |
| WALKER, David Eric | Director | 2013-11-21 | 2015-12-31 |
| WARE, Julian Robert | Director | 1996-12-12 | 1999-10-12 |
| WILKINSON, Peter William | Director | 2015-12-31 | 2018-07-16 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 1996-10-22 | 1996-12-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dft Operator Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-firm | 2016-06-29 | Active |
Filing timeline
Last 20 of 174 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-01 | AA | accounts | Accounts with accounts type full | |
| 2024-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-12-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-16 | AD02 | address | Change sail address company with new address | |
| 2022-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-08-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-24 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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
+7.3%
£1,176,551,000 £1,262,095,000
-
Cash
+4.2%
£80,789,000 £84,162,000
-
Net assets
+40%
£18,699,000 £26,185,000
-
Employees
+3.6%
4,466 4,629
-
Operating profit
+23.5%
£10,947,000 £13,518,000
-
Profit before tax
-3.8%
£10,025,000 £9,648,000
-
Wages
+7.3%
£222,229,000 £238,403,000
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