CORELINK RAIL INFRASTRUCTURE LIMITED

• ◆

  6 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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cash flow forecasts for a period of at least twelve months from the date of signing of this report which take into account the cost and operational structure of the Company's planned operations, commitments and working capital requirements. These forecasts confirm that the funding that is available to the Company is sufficient to support the Company's operations and planned growth over this period, and expected liabilities as they fall due. The Directors are confident that the current conditions do not indicate the existence of a material uncertainty that may cast doubt regarding the applicability of the going concern assumption. Thus, the Directors continue to adopt the going concern basis of accounting in preparing these financial statements.”

Significant events

• “In Q4 2024 a liquidated damages cap under one of the Company's manufacturing contracts was breached and, as a result, liquidated damages stopped accruing under the contract. Following discussions in Q1 2025 the liquidated damages cap was extended and, as a result, £2,162k of liquidated damages were paid in Q1 2025 in respect of the period following the Q4 2024 cap breach. As there was no obligation under the manufacturing contract for these liquidated damages to be paid as of 31 December 2024 however the Directors consider this to be a non-adjusting post balance sheet event and the relevant amount will be accrued for in the FY25 financial statement.”
• “In 2025 the United States has started to implement a series of tariffs on imported goods and there is the possibility of reciprocal tariffs being raised by other countries as a response. While there is currently a degree of uncertainty around the exact framework of the tariff policy the United States will implement, and the tariff policy any other country may implement in response, the Directors have reviewed the potential impact of a tariff war on the Company's cashflow and, based on the latest assessments, the Directors do not consider there to be a significant impact on the balances in the financial statements, the Company's ongoing operations or ability to remain a going concern. However, the Directors continue to keep the situation under review.”

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

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +55.8%

  £22,458,000 → £34,980,000

• Cash

  +14.7%

  £131,078,000 → £150,354,000

• Net assets

  +6.7%

  £78,487,000 → £83,774,000

• Employees

  0%

  2 → 2

• Operating profit

  -21.6%

  £37,484,000 → £29,372,000

• Profit before tax

  -73.4%

  £26,898,000 → £7,163,000

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