MIDLAND METRO LIMITED

• ◆

  3 officer resignations in last 12 months

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

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Williamson & Croft Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management has produced forecasts that reflect an upside in passenger revenues for the forthcoming year. The company has seen a strong performance in the new financial year. In addition, the company has obtained a letter of comfort from it's parent undertaking, West Midlands Combined Authority stating for a period of at least 12 months from the date of the signing of these”

Significant events

• “The company completed its sixth full year of operations and welcomed the introduction of ticket vending machines for passengers in February 2025.”
• “Midland Metro Limited (MML) trading as West Midlands Metro were highly commended at the Global Light Rail Awards in the Most Improved System and Operator of the Year catergories which were hosted in London in October 2024.”
• “Celebrated 25 years of Midland Metro.”
• “Introduced ticket machines at all tram stops.”
• “Invested in a new Control Room Simulator.”
• “Upgraded all cameras at tram stops installing a new model with Al capability for enhanced security.”
• “Grew our patronage by 5.6% with a record 8.8m journeys.”
• “Exceeded our target score of 90% overall customer satisfaction in the annual passenger survey”
• “Continued to invest in our people, supporting 20 colleagues to achieve the ILM level 3 in Leadership and Managment.”
• “Strengthened MML board by appointing a new non-excutive director.”
• “Midland Metro Limited has acheived zero carbon, 100% renewable electricity supply to align with a key business objective to reduce MML's carbon footprint.”
• “A clean report was provided by our accreditor BSI (external auditor) for ISO 14001 Environmental Management System which was a new accreditation for the business, with no major or minor non-conformances being identified. In addition to receiving this accreditation, Midland Metro Limited also are accredited with ISO 45000 and ISO 9001.”

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

Filings

9

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

  +28.3%

  £14,719,000 → £18,890,000

• Cash

  +12.3%

  £2,097,000 → £2,354,000

• Net assets

  -24.6%

  -£57,000 → -£71,000

• Employees

  +7.6%

  263 → 283

• Operating profit

  -220.4%

  £54,000 → -£65,000

• Profit before tax

  -16.7%

  -£12,000 → -£14,000

• Wages

  +17.4%

  £8,301,000 → £9,745,000

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