SPERRY RAIL (INTERNATIONAL) LIMITED

1. SPERRY RAIL (INTERNATIONAL) LIMITED 2002-12-03 → present
2. SPERRY RAIL (UK) LIMITED 2002-02-15 → 2002-12-03

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company continues to meet its day to day working capital requirements through its bank deposits. The company's forecasts and projections, taking into account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. The services provided by the company are essential rail maintenance services and therefore the business has continued to perform strongly and to remain profitable and cash generative. The directors have a reasonable expectation that the company have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. SPERRY RAIL (INTERNATIONAL) LIMITED · parent
   1. Sperry Europe GmbH 100% · Germany · Provision of track testing equipment
   2. Sperry Rail Australia PTY Ltd 100% · Australia · Provision of track testing equipment
   3. Sperry Rail Technology Services Private Limited 100% · India · Provision of track testing equipment

Significant events

• “The company continues to focus on maintaining its strong customer relationships and has seen growth with new customers in the past year.”
• “The company actively invests and has increased focus on innovation and development of new technology. In addition to this the company has heavily increased its investment in quality in the last 12 months to enable it to lead the field in the provision of service and technical excellence, which is core to the business's values.”
• “Significant investment is being undertaken by the group in order to keep pace with technological changes within our industry. The group has a department dedicated to continual development of products and software applications aimed at advancing Rail Health. In addition to this significant investment has been made, and continues to be made, in providing future Al solutions.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -5.7%

  £18,573,000 → £17,512,000

• Cash

  -54.9%

  £5,148,000 → £2,321,000

• Net assets

  +20.2%

  £9,242,000 → £11,106,000

• Employees

  +15.7%

  102 → 118

• Operating profit

  +5.8%

  £4,560,000 → £4,825,000

• Profit before tax

  +19.1%

  £4,565,000 → £5,439,000

• Wages

  +17.3%

  £5,394,000 → £6,326,000

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