WABTEC UK INVESTMENTS LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

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

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future and meet its liabilities as they fall due. As of 31 December 2023, the Company had net assets of €76.5m (2022: €83.7m) and net current assets of €30.5m (2022: €30.0m). In addition, the Company has access to finance from the Westinghouse Air Brake Technologies Corporation ("Wabtec Corporation") group as required to meet working capital requirements. As the Company is part of Wabtec Corporation's group financing arrangements a letter of support has been provided to the Company by Wabtec Corporation to support its going concern conclusion. In considering their ability to rely on the letter of support, the directors considered the Wabtec Corporation's group cash position of $715m and undrawn revolving credit facilities of $1,500m as at 31 December 2024. The Wabtec Corporation is US SEC listed, has considerable financial resources and continues to trade profitably. Accordingly, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period to 30 June 2026. The company therefore continues to adopt a going concern basis in preparing it's financial statements.”

Group structure

1. WABTEC UK INVESTMENTS LIMITED · parent
   1. ABU GmbH Germany 100% · Leipzig · Manufacturer of Product
   2. Ateliers Hubert Gerken S.A. 100% · Verviers, Belgium · Carbon brushes & Industrial Graphite application and grounding return devices
   3. Wabtec (Tianjin) Electrification Technology Co. Limited 100% · Tianjun, CH · Specialists in railway electrification
   4. Deptol Limited 100% · England · Overhaul, maintenance and repair of diesel engines
   5. Speer Carbon America LLC 100% · PA 15857, USA · Holding company
   6. Napier Turbochargers Limited 100% · England · Production of turbochargers and related parts
   7. E-Carbon Asia Sdn. Bhd. China 100% · Malaysia · Holding company
   8. E-Carbon S.A., Belguim 100% · Bruxelles, Belgium · Holding company
   9. Fandstan Electric Group Limited 100% · England · Holding company
   10. Fandstan Electric Limited 100% · England · Holding company
   11. Gerken Group S.A. 100% · Belgium · Specialist in carbon and graphic products
   12. Gerken SAS France 100% · Condrieu, France · Carbon brushes & Industrial Graphite application
   13. Metalocaucho S.L. 100% · Urnieta, Gizpukoa, SP · Manufacturer of transit products for vibration and suspension control systems
   14. Medagao (Suzhou) Rubber-metal Component Co. Limited 100% · Sivakasi, CH · Manufacture of rubber product
   15. MTC India Rubber Metal Components Private Limited 100% · Bengaluru, Karnataka · Manufacture of rubber product
   16. Pantrac GmbH 100% · Berlin, Germany · Current Carbon Collector (CCC for Pantograph) & Carbon brushes
   17. Stemmann Polska Sp zoo 100% · Wroclawskie, Poland · Provision of systems for energy and data transfer
   18. Stemmann Technik GmbH 100% · Schuttorf, Germany · Specialists in railway electrification
   19. Stemmann-Technik (Shanghai) Ltd 100% · Basingstoke · Manufacture of product
   20. Stemmann-Technik Hong Kong Company Limited 100% · Kowloon, Hong Kong · Authorised distributor and technology trading company
   21. TMT Holding AB 100% · Jarfalla, Sweden · Holding company
   22. Wabtec UK Limited 100% · England · Rail vehicle overhaul, conversion and maintenance services
   23. Faiveley Transport Tamworth Limited 100% · United Kingdom · Distribution, sale, overhaul, repair and servicing of braking and coupler equipment for railway vehicles.
   24. Faiveley Transport Birkenhead Limited 100% · United Kingdom · Distribution, sale, overhaul, repair and servicing of braking and coupler equipment for railway vehicles.

Significant events

• “On 25 April 2024 Napier Turbochargers Limited went into voluntary liquidation, as a part of a UK group-wide restructuring. Prior to being placed in voluntary liquidation, the trade and assets of the company was transferred to a fellow wholly owned subsidiary undertaking Wabtec UK Limited, and therefore the Group has suffered no loss as a result of this voluntary liquidation of this company. The Company has reallocated the carrying value of its investment in this company to its investment in a fellow group company that is the immediate parent company of Wabtec UK Limited; and as a result no impairment is deemed to have been triggered as a result of this UK group-wide restructuring activity.”

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -8.6%

  £72,564,147 → £66,351,422

• Employees

  —

  Not reported

• Operating profit

  +52%

  -£13,781,207 → -£6,621,012

• Profit before tax

  +53.8%

  -£13,445,735 → -£6,212,725

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