PORTRAIL GROUP LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PORTRAIL GROUP LIMITED 2026-01-12 → present
2. RFS WORKS LIMITED 2019-07-17 → 2026-01-12
3. RAIL FREIGHT SERVICES (RFS) LIMITED 2016-04-11 → 2019-07-17
4. RAIL FREIGHT SERVICES NO.2 LIMITED 2015-12-01 → 2016-04-11

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the going concern assumption when preparing these financial statements. At the balance sheet date, the Company had net current assets of £3,224k (2023: £384k restated). The directors do not consider that this presents a material risk to the Company regarding the availability of cash balances to continue operations under the normal course of business. At the year end, the Company held cash of £856k (2023: £2,317k). Since the balance sheet date, there have been no events with a material impact that require disclosure, other than those already disclosed in the accounts. Furthermore, the Company operates with a net asset position of £3,153k (2023: £4,364k restated), which is considered adequate in order to continue to pay off any liabilities or provisions as they fall due for a period of twelve months from the date of approval of the financial statements until 31 December 2026. Therefore, the Company continues to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “RFS Works Limited was acquired by JST Ports and Logistics Holdings Limited during the year. The know-how and experience of management will continue to add significant operational and strategic value to the business and the support from the hands-on investment partnership will help support the expansion of the company.”
• “Since the balance sheet date, there have been no events with a material impact that require disclosure, other than those already disclosed in the accounts.”
• “There have been no significant events affecting the company since the year end.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -63.1%

  £2,317,000 → £856,000

• Net assets

  -27.7%

  £4,364,000 → £3,153,000

• Employees

  -5.7%

  35 → 33

• Profit before tax

  +238%

  £255,000 → £862,000

• Wages

  -7.4%

  £1,913,000 → £1,771,000

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