RAIL OPERATIONS (UK) LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
Cash
£180K
-7.4% vs 2024
Net assets
-£5M
-50.4% vs 2024
Employees
9
0% vs 2024
Profit before tax
-£2M
-12.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Turnover | £1,305,309 | £1,291,316 | |
| Operating profit | -£20,886 | £11,314 | |
| Profit before tax | -£1,526,261 | -£1,713,925 | |
| Net profit | -£1,512,476 | -£1,716,156 | |
| Cash | £194,067 | £179,798 | |
| Total assets less current liabilities | -£3,212,644 | -£5,106,456 | |
| Net assets | -£3,407,757 | -£5,123,913 | |
| Equity | -£3,407,757 | -£5,123,913 | |
| Average employees | 9 | 9 | |
| Wages | £258,097 | £268,707 |
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 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | -1.6% | 0.9% | |
| Net margin | -115.9% | -132.9% | |
| Return on capital employed | 0.7% | -0.2% | |
| Current ratio | 0.75x | 0.67x | |
| Interest cover | -0.01x | 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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Directors believe this to be appropriate primarily because of the support received from Star up to June 2025 and in the ensuing period.”
Group structure
- RAIL OPERATIONS (UK) LIMITED · parent
- Rail Operations Group Limited 100%
- Rail Operations (Rolling Stock Management) Limited 100%
- Rail Operations (Freight) Limited 100%
- Rail Operations (Passenger) Limited 100%
- Rail Operations (Assets) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ISAAC, Michael James | Director | 2026-03-13 | Dec 1963 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Gordan Robert | Secretary | 2014-09-15 | 2016-01-29 |
| WATTS, Karl Russell | Secretary | 2016-01-29 | 2022-11-21 |
| WATTS, Karl Russell | Secretary | 2013-06-05 | 2014-09-15 |
| BURLEY, David William George | Director | 2014-09-15 | 2026-04-08 |
| CARBALLO, Laura | Director | 2021-01-12 | 2025-10-01 |
| COX, Gordon Robert | Director | 2013-06-05 | 2016-01-29 |
| FOSS, Justin Edmund | Director | 2022-12-13 | 2025-09-29 |
| GOUGH, Paul | Director | 2021-01-12 | 2025-10-01 |
| HANSON, Garcia Julian | Director | 2013-06-05 | 2014-08-17 |
| PRODGER, Gary | Director | 2013-06-05 | 2021-01-12 |
| THROWER, Robert Mark | Director | 2014-09-15 | 2015-04-01 |
| WATTS, Karl Russell | Director | 2013-06-05 | 2022-11-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Star Fusion Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-01-12 | Active |
| Mr Karl Russell Watts | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-06-05 | Ceased 2021-01-12 |
| Mr Gary Prodger | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-06-05 | Ceased 2021-01-12 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-04 MA Memorandum articles
- 2024-06-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-11 | AA | accounts | Accounts with accounts type full | |
| 2026-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | MA | incorporation | Memorandum articles | |
| 2024-06-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-12 | AA | accounts | Accounts with accounts type full | |
| 2023-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-13 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-13 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 4
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 2025-06-30 vs 2024-06-30
-
Turnover
-1.1%
£1,305,309 £1,291,316
-
Cash
-7.4%
£194,067 £179,798
-
Net assets
-50.4%
-£3,407,757 -£5,123,913
-
Employees
0%
9 9
-
Operating profit
+154.2%
-£20,886 £11,314
-
Profit before tax
-12.3%
-£1,526,261 -£1,713,925
-
Wages
+4.1%
£258,097 £268,707
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