TRANSPORT FOR WALES

• ◆

  3 officer resignations in last 12 months

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

1. TRANSPORT FOR WALES 2016-04-01 → present
2. WELSH GOVERNMENT TRANSPORT COMPANY 2015-03-06 → 2016-04-01

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

IFRS

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and as they have concluded that the Group and the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could cast significant doubt upon their ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. TRANSPORT FOR WALES · parent
   1. Transport for Wales Rail Limited 1% · UK
   2. Pullman Rail Limited 1% · UK
   3. Wales Infrastructure Manager of Last Resort Limited 1% · UK · dormant
   4. TfW Fibre Ltd 1% · UK
   5. TfW Innovation Services Limited 0.51% · UK

Significant events

• “On 21 October 2024, two TfW trains collided at Talerddig on the Cambrian line. It was a slow speed collision. 15 people were injured, four seriously. Tragically, one passenger died.”

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

2

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

  +12.5%

  £717,879,000 → £807,557,000

• Cash

  -5.9%

  £42,117,000 → £39,634,000

• Net assets

  -5.3%

  £1,477,886,000 → £1,399,503,000

• Employees

  +10.3%

  4,148 → 4,574

• Operating profit

  +16.4%

  -£23,808,000 → -£19,899,000

• Profit before tax

  -10.2%

  -£30,694,000 → -£33,833,000

• Wages

  +12.1%

  £225,293,000 → £252,453,000

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