TRENITALIA C2C LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-25 (in 9mo)
Last made up 2026-02-11
Watchouts
Cash
£27M
-9.4% vs 2022
Net assets
£7M
+11.4% vs 2022
Employees
688
-3.4% vs 2022
Profit before tax
£1M
-99.1% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- TRENITALIA C2C LIMITED 2017-04-03 → present
- NXET TRAINS LIMITED 2012-01-04 → 2017-04-03
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2023-03-31
Latest accounts filed cover 2025-03-31; financial figures currently reflect up to 2023-03-31.
| Metric | Trend | 2020-12-31 | 2022-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | -£43,000 | £1,836,000 | |
| Profit before tax | — | £142,223,000 | £1,330,000 | |
| Net profit | — | £142,516,000 | £1,818,000 | |
| Cash | — | £29,942,000 | £27,138,000 | |
| Total assets less current liabilities | — | £90,717,000 | £69,388,000 | |
| Net assets | — | £5,929,000 | £6,605,000 | |
| Equity | -£127,626,000 | £5,929,000 | £6,605,000 | |
| Average employees | — | 712 | 688 | |
| Wages | — | £38,903,000 | £33,907,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2022-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Return on capital employed | — | -0.0% | 2.6% | |
| Interest cover | — | -0.01x | 3.63x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Service LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director considers it appropriate to adopt the going concern basis, with cash flow forecasts indicating sufficient funds for future liabilities and parent company support for at least 12 months from report approval.”
Significant events
- “On 28 November 2024, the Passenger Railway Services (Public Ownership) Act 2024 received Royal Assent, allowing passenger train operators with contracts with the DfT to be brought into public ownership. On 4 December 2024, c2c was announced to be nationalised when its existing contract expires on 20 July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JARVIS, Danielle | Secretary | 2025-07-21 | — | — |
| SICILIA, Ernesto | Director | 2017-02-17 | Sep 1963 | Italian |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWLEY, Richard John | Secretary | 2017-02-17 | 2021-03-31 |
| HALLETT, Bradley James | Secretary | 2022-11-29 | 2024-11-27 |
| LEES, Barbara | Secretary | 2012-01-04 | 2012-12-31 |
| MICHAEL, Stephanie | Secretary | 2024-11-27 | 2025-07-20 |
| ROBINSON, Dianne | Secretary | 2012-12-31 | 2017-02-16 |
| TAYLOR, Robert William | Secretary | 2021-03-31 | 2022-10-28 |
| ACKROYD, Benjamin John | Director | 2020-11-25 | 2022-03-18 |
| ACKROYD, Benjamin John | Director | 2014-08-18 | 2015-07-31 |
| BARRETT, Daniel Joseph George | Director | 2015-12-07 | 2018-07-02 |
| BOWLEY, Richard John | Director | 2014-08-18 | 2021-03-31 |
| CAMILLI, Ettore | Director | 2023-08-09 | 2025-07-31 |
| CHIVERS, Andrew Noel | Director | 2012-01-04 | 2016-12-31 |
| DRURY, Julian Denvir Molyneux | Director | 2014-08-18 | 2020-09-25 |
| FINCH, Dean Kendal | Director | 2012-01-04 | 2017-02-10 |
| FRAZER, Kevin David | Director | 2014-08-18 | 2017-04-25 |
| LENEY, Philip David | Director | 2021-11-26 | 2025-07-20 |
| MARTIN, Benjamin Frazer | Director | 2023-08-02 | 2024-05-10 |
| MARTIN, Benjamin Frazer | Director | 2022-11-29 | 2023-01-25 |
| MCCAFFREY, Clare Elizabeth | Director | 2020-09-10 | 2022-10-17 |
| MCEWEN, Laura Janet | Director | 2019-05-21 | 2025-07-20 |
| MITCHELL, Joel Roger | Director | 2017-04-25 | 2019-03-08 |
| MULLEN, Robert Alan Lindsay | Director | 2022-05-16 | 2025-07-20 |
| STABLES, Thomas Findlay | Director | 2017-01-01 | 2017-02-10 |
| STABLES, Thomas Findlay | Director | 2012-01-04 | 2013-03-07 |
| TAYLOR, Robert William | Director | 2018-02-19 | 2021-11-26 |
| WILKINS, Duncan | Director | 2018-11-12 | 2020-06-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fs Group Advisory Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 108 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-03 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-02 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-25 | CH01 | officers | Change person director company with change date | |
| 2025-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-17 | RP04TM02 | officers | Second filing of secretary termination with name | |
| 2024-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-12-03 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 16
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 5
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2022 → FY2023 · period ending 2023-03-31 vs 2022-03-31
-
Turnover
—
Not reported
-
Cash
-9.4%
£29,942,000 £27,138,000
-
Net assets
+11.4%
£5,929,000 £6,605,000
-
Employees
-3.4%
712 688
-
Operating profit
+4,369.8%
-£43,000 £1,836,000
-
Profit before tax
-99.1%
£142,223,000 £1,330,000
-
Wages
-12.8%
£38,903,000 £33,907,000
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