NETWORK RAIL (VY2) LIMITED
Get an alert when NETWORK RAIL (VY2) LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-01 (in 5mo)
Last made up 2025-09-17
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£5M
-11.2% vs 2024
Employees
—
Average over period
Profit before tax
-£702K
+92.4% vs 2024
Net assets
2-year trend · vs Real Estate median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£9,202,000 | -£702,000 | |
| Net profit | -£6,918,000 | -£546,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | -£4,880,000 | -£5,426,000 | |
| Equity | -£4,880,000 | -£5,426,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 153.5% | 158.5% | |
| Current ratio | 0.01x | — |
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
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors therefore have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly, they have adopted the going concern basis in preparing the financial statements.”
Significant events
- “On 21st November 2017, conditional contracts were exchanged for the Property Assets of Network Rail (VY2) Limited. The sale was for a life sciences redevelopment. That sale did not complete and market demand for life sciences deteriorated in 2024. The property was therefore valued in 2024 on the basis of redevelopment for offices, with the highest and best use having changed from life sciences to office development. This led to an impairment of £8.6m in the prior year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NR CORPORATE SECRETARY LIMITED | Corporate Secretary | 2014-10-20 | — | — |
| BEADLES, Susan Margaret | Director | 2022-08-25 | Nov 1965 | British |
| CAVE, Terri Lee | Director | 2023-03-12 | Oct 1982 | British |
| HEPBURN, Harriet Rose | Director | 2026-02-24 | Mar 1965 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHIME, Winifred | Secretary | 2013-04-03 | 2014-10-20 |
| BIGGS, David Robert | Director | 2013-04-19 | 2020-08-31 |
| DOBSON, Robin Richard | Director | 2022-03-31 | 2025-11-17 |
| KELLY, Stuart Malcolm | Director | 2015-12-15 | 2022-07-29 |
| KELLY, Stuart Malcolm | Director | 2015-12-15 | 2019-05-02 |
| KIRKWOOD, Stuart Watson | Director | 2020-07-29 | 2022-03-31 |
| NICKLIN, Digby Stuart | Director | 2019-05-02 | 2023-03-12 |
| NORMAN, James Nicholas | Director | 2013-06-11 | 2015-12-15 |
| SCHOFIELD, John Richard | Director | 2013-04-03 | 2013-06-11 |
| TURNER, Samantha | Director | 2015-12-15 | 2019-05-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Network Rail Infrastructure Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-11-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | CH01 | officers | Change person director company with change date | |
| 2024-01-09 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-13 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2023-04-13 | CH01 | officers | Change person director company with change date | |
| 2023-03-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-12-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-04 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-11.2%
-£4,880,000 -£5,426,000
-
Employees
—
Not reported
-
Profit before tax
+92.4%
-£9,202,000 -£702,000
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