UK Companies House feature
MTR CORPORATION (UK) LIMITED
Profile
- Company number
- 05205402
- Status
- Active
- Incorporation
- 2004-08-13
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 49100
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis which the directors believe to be appropriate for the reasons set out in Note 1. As at 31 December 2024, the Company had net assets of £18.0m (2023: £27.2m), cash and cash equivalents of £8.0m (2023: £20.6m), and profit/loss after tax for the year then ended of £15.5m (2023: £197.1m). The company also has net current assets of £18.0m (2023: £27.2m) which provide sufficient liquidity to enable the company to meet its financial obligations as they fall due for at least 12 months from the date of approval of these financial statements. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Subsidiaries
- MTR Corporation (Crossrail) Limited · 100% held · UK · Railway operation
- MTR Corporation (Silverlink) Limited · 100% held · UK · Investment holding company
- MTR Nordic AB · 100% held · Sweden · Railway operation
- MTR Corporation (Sydney) SMCSW Pty Limited · 100% held · Australia · Investment holding company
- MTR Corporation (UK) NRT Limited · 100% held · UK · Railway operation
- MTR Elizabeth line Limited · 100% held · UK · Railway operation
- First MTR South Western Trains Limited · 30% held · UK · Railway operation
- MTR Property Development Management (UK) Ltd · 100% held · UK · Property development and management
- Mersey 1 Limited · 50% held · UK · Property development
- MTR (Metro Trains London) Limited · 100% held · UK · Railway operation
- MTR Trenolab UK Ltd · 50% held · UK · Engineering consultancy
Significant events
- “The Elizabeth line concession, operated by MTR Corporation (Crossrail) Limited, was extended to 25 May 2025 in 2022 and achieved stable operations during 2024. The subsidiary ceased operations and handed over to a new operator in May 2025.”
- “The National Rail Contract for South Western Railway (a joint venture with FirstGroup, First MTR South Western Trains Limited) was extended until May 2025. The UK Government announced its intention to bring rail services back into public ownership, with SWR operations transferring on 25 May 2025.”
- “The redevelopment project of Mersey 1 Limited (a partnership with Sellar Property Group for Liverpool Street Station) is currently in a hiatus, with a planning application submitted in April 2023.”
- “MTR completed the divestment of MTRX (an intercity service between Stockholm and Gothenburg) in May 2024.”
- “MTR completed the handover of Stockholm commuter rail service (Stockholms pendeltåg) to a new operator in March 2024.”
- “MTR handed over the operations of Mälardalen Regional Traffic to a new operator in June 2024.”
- “On 19 November 2024, Transport for London (TfL) announced that MTR had not been awarded the next Elizabeth line contract.”
- “The Stockholm Metro service contract will end on 2 November 2025, which will also conclude the work of MTR Tech AB and MTR Facility Management AB.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2024-08-01 | — | — |
| KING, Andrew Lewis | Director | 2020-05-22 | Jun 1980 | British |
| YAM, Pak Nin | Director | 2024-03-30 | Aug 1966 | Chinese |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MELLER, Gilliam Elizabeth | Secretary | 2004-11-17 | 2005-06-28 |
| BOLT BURDON SECRETARIES LIMITED | Corporate Secretary | 2005-06-28 | 2024-08-01 |
| SISEC LIMITED | Corporate Nominee Secretary | 2004-08-13 | 2004-11-17 |
| CHEUNG, Sui Wa | Director | 2015-09-01 | 2016-07-27 |
| DRAKE, Richard Francis | Director | 2009-11-12 | 2016-09-30 |
| GAFFNEY, Philip | Director | 2004-11-16 | 2009-01-09 |
| LEONG, Kwok-Kuen Lincoln | Director | 2009-01-01 | 2015-09-01 |
| LONG, Jeremy Paul Warwick | Director | 2005-10-24 | 2020-09-30 |
| LUNG, Francois Ka-Kui, Dr | Director | 2005-10-24 | 2009-01-01 |
| MELLER, Gillian Elizabeth | Director | 2011-09-01 | 2022-01-31 |
| MURPHY, Stephen John | Director | 2020-10-01 | 2024-03-29 |
| NELSON, Michael John | Director | 2016-09-30 | 2020-05-22 |
| TURK, Leonard Bryan | Director | 2004-11-16 | 2011-09-01 |
| LOVITING LIMITED | Corporate Nominee Director | 2004-08-13 | 2004-11-16 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Nominee Director | 2004-08-13 | 2004-11-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mtr Corporation Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-04-06 | Ceased 2019-10-25 |
Filing timeline
Last 20 of 88 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-13 | CH01 | officers | change person director company with change date |
| 2025-11-24 | AA | accounts | accounts with accounts type full |
| 2025-08-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-10-13 | AA | accounts | accounts with accounts type full |
| 2024-08-23 | AP04 | officers | appoint corporate secretary company with name date |
| 2024-08-19 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-08-06 | TM02 | officers | termination secretary company with name termination date |
| 2024-08-06 | AD01 | address | change registered office address company with date old address new address |
| 2024-04-10 | AP01 | officers | appoint person director company with name date |
| 2024-04-10 | TM01 | officers | termination director company with name termination date |
| 2023-10-09 | AA | accounts | accounts with accounts type full |
| 2023-08-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-30 | AA | accounts | accounts with accounts type full |
| 2022-09-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-02-01 | TM01 | officers | termination director company with name termination date |
| 2021-10-03 | AA | accounts | accounts with accounts type full |
| 2021-08-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2020-10-24 | AA | accounts | accounts with accounts type full |
| 2020-10-02 | RP04AP01 | officers | second filing of director appointment with name |
| 2020-09-30 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory