PROGRESS RAIL LEASING UK LIMITED

1. PROGRESS RAIL LEASING UK LIMITED 2019-02-18 → present
2. FG WILSON (ENGINEERING) LIMITED 2013-04-23 → 2019-02-18
3. EASTFIELD NO 20 LIMITED 2007-12-17 → 2013-04-23
4. CATERPILLAR LOGISTICS TECHNOLOGY SERVICES (UK) LIMITED 2002-11-18 → 2007-12-17
5. CATERPILLAR LOGISTICS TECHNICAL SERVICES (UK) LIMITED 2002-10-30 → 2002-11-18
6. CATERPILLAR TECHNICAL SERVICES-EUROPE LIMITED 1999-03-18 → 2002-10-30
7. MEMORYGRAPH COMPANY LIMITED 1998-12-10 → 1999-03-18

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

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the appropriateness of the going concern basis of preparation the directors have reviewed detailed cash flow forecasts over the going concern period of review which runs to 31 December 2026, considering reasonably anticipated scenarios in relation to revenue and costs, including a severe but plausible scenario. Based on these cash flow forecasts the company can meet its liabilities as they become due. ... The company has obtained a letter of support from Caterpillar Inc. that confirms the availability of funding necessary to enable Progress Rail Leasing UK Limited to continue in existence as a going concern, to meet its liabilities as they fall due and to carry on its business for at least 12 months from the date of the approval of these financial statements. ... From a liquidity perspective Caterpillar Inc. ended the first quarter of 2025 with $3.5 billion of cash and available global credit facilities of $10.5 billion. Having considered the liquidity forecasts of Caterpillar Inc., the directors are satisfied that it has sufficient ability to honour the support confirmed to the company should it be called upon.”

Significant events

• “The increase in interest expense for the year was primarily driven by the drawdown of a new loan agreement with Caterpiller International Finance Luxembourg totalling £7,000,000.”
• “In 2025, the company will report higher turnover due to expansion of assets under leasing.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +65.8%

  £1,185,000 → £1,965,000

• Cash

  -5.6%

  £286,000 → £270,000

• Net assets

  +24.3%

  £2,070,000 → £2,574,000

• Employees

  —

  Not reported

• Operating profit

  +67%

  £1,159,000 → £1,935,000

• Profit before tax

  +29.5%

  £519,000 → £672,000

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