MTR CORPORATION (UK) LIMITED

1. MTR CORPORATION (UK) LIMITED 2004-11-16 → present
2. 3387TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 2004-08-13 → 2004-11-16

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.”

Group structure

1. MTR CORPORATION (UK) LIMITED · parent
   1. MTR Corporation (Crossrail) Limited 100% · UK · Railway operation
   2. MTR Corporation (Silverlink) Limited 100% · UK · Investment holding company
   3. MTR Nordic AB 100% · Sweden · Railway operation
   4. MTR Corporation (Sydney) SMCSW Pty Limited 100% · Australia · Investment holding company
   5. MTR Corporation (UK) NRT Limited 100% · UK · Railway operation
   6. MTR Elizabeth line Limited 100% · UK · Railway operation
   7. First MTR South Western Trains Limited 30% · UK · Railway operation
   8. MTR Property Development Management (UK) Ltd 100% · UK · Property development and management
   9. Mersey 1 Limited 50% · UK · Property development
   10. MTR (Metro Trains London) Limited 100% · UK · Railway operation
   11. MTR Trenolab UK Ltd 50% · 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 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.