ATKINSRÉALIS RAIL & TRANSIT VERIFICATION LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's most recent financial position, pipeline of activity, and modelling of downside scenarios, reflected an adverse impact on the liquidity of the Company. The directors have considered the arrangement with Atkins Réalis UK Limited, collecting trade receivables on behalf of the Company in exchange for an intercompany balance, and concluded that there is minimal risk of default on these balances due from Atkins Réalis UK Limited because they are all wholly owned subsidiaries within the same Group and have common directors. In addition, Atkins Réalis UK Limited is in a good financial position and has the ability to repay its creditors. As a result of the downside scenarios that were modelled and the net current liability position, Atkins Réalis Group Inc. has given an undertaking to the directors of the Company that it will provide the necessary financial support for the Company to pay its debts as and when they fall due for a period of 12 months from the date of approval of the December 31, 2024 financial statements. An assessment of Atkins Réalis Group Inc.'s ability to support its subsidiaries has been performed and the directors are satisfied that it has the financial ability to do this. It is on this basis that the directors have concluded that it is appropriate to adopt the going concern basis in preparing the Financial Statements.

1. ATKINSRÉALIS RAIL & TRANSIT VERIFICATION LIMITED 2023-10-12 → present
2. SNC-LAVALIN RAIL & TRANSIT VERIFICATION LIMITED 2015-12-30 → 2023-10-12
3. INTERFLEET CERTIFICATION LIMITED 2003-10-20 → 2015-12-30
4. BROOMCO (3266) LIMITED 2003-07-28 → 2003-10-20

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's most recent financial position, pipeline of activity, and modelling of downside scenarios, reflected an adverse impact on the liquidity of the Company. The directors have considered the arrangement with Atkins Réalis UK Limited, collecting trade receivables on behalf of the Company in exchange for an intercompany balance, and concluded that there is minimal risk of default on these balances due from Atkins Réalis UK Limited because they are all wholly owned subsidiaries within the same Group and have common directors. In addition, Atkins Réalis UK Limited is in a good financial position and has the ability to repay its creditors. As a result of the downside scenarios that were modelled and the net current liability position, Atkins Réalis Group Inc. has given an undertaking to the directors of the Company that it will provide the necessary financial support for the Company to pay its debts as and when they fall due for a period of 12 months from the date of approval of the December 31, 2024 financial statements. An assessment of Atkins Réalis Group Inc.'s ability to support its subsidiaries has been performed and the directors are satisfied that it has the financial ability to do this. It is on this basis that the directors have concluded that it is appropriate to adopt the going concern basis in preparing the Financial Statements.”

Significant events

• “On 4 July 2024 a general election in the UK took place and a new Labour government was formed.”
• “The profitability of the Company was impacted in 2024 due to the general slowdown in the market for new-build rolling stock projects in the UK and a loss of revenue from European accreditation work as a result of the sale of the Group's European Certfication body in August 2023.”
• “In July 2024 the Company reached agreement with SYSTRA, the new owner of the Danish business, that SYSTRA Rail Verification ("SRV") would perform accreditation work for the Company's existing EU contracts.”
• “a rightsizing exercise was carried out during the year, exiting poorly-performing areas of the market and focussing on efficiency and digitisation of processes in order to reduce overheads.”

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

0

last 12 months

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

• Turnover

  -29.8%

  £1,778,900 → £1,248,700

• Cash

  —

  Not reported

• Net assets

  -9.4%

  -£348,500 → -£381,200

• Employees

  —

  Not reported

• Operating profit

  -466.4%

  £54,700 → -£200,400

• Profit before tax

  -451.1%

  £56,600 → -£198,700

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