RATP DEV UK LTD

• ◆

  3 officer resignations in last 12 months

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

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2023-12-31.

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

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As the Company and its subsidiaries were loss-making in the period, the Company's immediate parent company has given assurance to provide support to the Company for at least twelve months from the date of issuing this report. The directors have therefore deemed it appropriate to prepare these financial statements on a going concern basis.”

Group structure

1. RATP DEV UK LTD · parent
   1. Bath Bus Company Limited 100% · England · Tour operator for sightseeing
   2. First Bus London Limited 100% · England · Holding
   3. Metrolink RATP Dev Limited 100% · England · Dormant
   4. Quality Line Transport Limited 100% · England · Dormant
   5. The Original Tour Limited 100% · England · Tour operator for sightseeing
   6. London Sovereign Limited 100% · England · Provision of public transport services
   7. London Transit Limited 100% · England · Provision of public transport services
   8. London United Busways Limited 100% · England · Provision of public transport services

Significant events

• “During the year, the Company recognised a capital contribution of £165m in respect of the modification of two loans due to its parent undertaking.”
• “In 2019, the bank covenant KPIs were replaced by a guarantee from the parent company, RATP Développement SA until 31 December 2024.”
• “On 10 December 2024 RATP Dev UK and FirstGroup plc signed a binding agreement whereby FirstGroup plc would acquire 100% share capital of RATP Dev Transit London Limited and its three subsidiaries London United Busways Limited, London Sovereign Limited and London Transit Limited. This transaction was completed on 28 February 2025.”
• “On the 6 December 2024, the RCF Facility and term loan was extended until 14 December 2025 but were repaid on 13 March 2025. The RCF Facility from the parent undertaking, RATP Developpment SA was waived on 30 June 2025.”
• “On 9 July 2025, the Company acquired from its parent undertaking, 100% of the share capital of RDGS (RATP Dev Global Sightseeing) Limited, a reseller of sightseeing tours of related RATP sightseeing companies in Paris and Brussels and The Original London Sightseeing Tour Limited and Bath Bus Company Ltd, both of which were sold on 16 December 2025.”
• “On the 16 December 2025, FirstGroup plc acquired 100% of the share capital of the company's sightseeing investments, Bath Bus Company Limited and The Original London Sightseeing Tour Limited.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  —

  Not reported

• Cash

  +1.2%

  £13,282,000 → £13,445,000

• Net assets

  —

  Not reported

• Employees

  0%

  7 → 7

• Wages

  -17.9%

  £375,000 → £308,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers