HITACHI INFORMATION CONTROL SYSTEMS EUROPE LTD.

• ⚠

  Material uncertainty over going concern

  Hitachi Information Control Systems Europe Limited is a direct 100% subsidiary of Hitachi Limited, a company incorporated in Japan. In considering the basis for preparing the financial information, the Directors considered the transfer of the business, which took place on 1st October 2025 and other external matters. As set out in more detail in note 24 to the accounts, in October 2025, the business was sold to Hitachi Rail GTS UK Ltd including the Assets less the assumed Liabilities for £607,000. The sale amount excluded cash, the majority of current assets, current liabilities and the value of any tax losses, all of which remain with the Company. The Directors intend to liquidate the Company within 12 months of approval of these financial statements. Therefore, these financial statements are prepared on a basis other than a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. HITACHI INFORMATION CONTROL SYSTEMS EUROPE LTD. 2015-09-01 → present
2. THE RAILWAY ENGINEERING COMPANY LIMITED 2000-06-02 → 2015-09-01

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Hitachi Information Control Systems Europe Limited is a direct 100% subsidiary of Hitachi Limited, a company incorporated in Japan. In considering the basis for preparing the financial information, the Directors considered the transfer of the business, which took place on 1st October 2025 and other external matters. As set out in more detail in note 24 to the accounts, in October 2025, the business was sold to Hitachi Rail GTS UK Ltd including the Assets less the assumed Liabilities for £607,000. The sale amount excluded cash, the majority of current assets, current liabilities and the value of any tax losses, all of which remain with the Company. The Directors intend to liquidate the Company within 12 months of approval of these financial statements. Therefore, these financial statements are prepared on a basis other than a going concern.”

Significant events

• “Cost reduction exercise delivered in September 2024.”
• “Approval of write down of Intangible Assets.”
• “Share Ownership Transfer from Hitachi Europe Ltd to Hitachi Ltd in early March 2025.”
• “Capital Injection in late March 2025.”
• “A Capital reduction in September 2025.”
• “The company returned to profitability from the start of January 2025.”
• “In September 2025, the Directors approved the transfer of the business to Hitachi Rail GTS UK Ltd effective 1st October 2025.”
• “On 1st October 2025, the business was sold to Hitachi Rail GTS UK Ltd including the Assets less the assumed Liabilities for £607,000. The sale amount excluded cash, the majority of current assets, current liabilities and the value of any tax losses, all of which remain with the Company. The Directors intend to liquidate the Company within 12 months of approval of these financial statements.”
• “A small number of staff were made redundant, but the majority were TUPE'd into the acquiring company. There has been no change in the underlying business and the company will be put into a solvent liquidation later in the next reporting period.”

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

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -38.1%

  £9,181,000 → £5,679,000

• Cash

  +3,176.2%

  £105,000 → £3,440,000

• Net assets

  +39.4%

  £3,819,000 → £5,324,000

• Employees

  -32.6%

  95 → 64

• Operating profit

  -1,530.1%

  -£611,000 → -£9,960,000

• Profit before tax

  -1,371.2%

  -£694,000 → -£10,210,000

• Wages

  -9%

  £5,388,000 → £4,903,000

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