UK Companies House feature
LONDON TRANSIT LIMITED
Cash
£176K
Latest balance sheet
Net assets
—
Equity attributable
Employees
466
-13.9% vs 2023
Profit before tax
-£10M
+12.6% vs 2023
Profile
- Company number
- 13557682
- Status
- Active
- Incorporation
- 2021-08-10
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 49319
Profit before tax
4-year trend · vs UK Logistics & Mobility median
Accounts
4-year trend · latest 2024-12-31
| Metric | Trend | 2021-08-09 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | -£11,113,000 | -£9,713,000 | |
| Net profit | — | — | — | — | |
| Cash | — | — | £0 | £176,000 | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | — | — | — | — | |
| Equity | £0 | £242,000 | -£21,144,000 | -£30,743,000 | |
| Average employees | — | — | 541 | 466 | |
| Wages | — | — | £26,425,000 | £21,729,000 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101 / IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2024, the Company had net current liabilities of £36,427,000 (2023 £26,928,000). As the Company was loss-making in the period the ultimate parent company, FirstGroup plc, has given assurance to provide support to the Company for at least twelve months from the date of issuing this report. During 2023, the Company continued to evolve the management team to add experience and drive improvements in the underlying business. In 2024 and into 2025, the Company continues to invest in the modernisation of operating standards in the garages, investment in new technology and further electrification of the garage infrastructure, with the expectation that these will reduce the operating loss and help drive the Company back to profitability in the future. The Directors have therefore deemed it appropriate to prepare these financial statements on a going concern basis.”
Significant events
- “On 28 February 2025, the controlling interest of the holding company was acquired by First Bus Holdings Limited. Since 28 February 2025, the company is considered to be wholly owned subsidiary of FirstGroup plc and part of the Bus division of FirstGroup plc.”
- “In 2025 the Company aims to operate over 45% of its bus routes from Westbourne Park with an electric fleet of buses. This focus and programme of electrification will continue over the coming years as the Company supports the TfL ambition to have a 100% zero-emission bus fleet in London in the future by 2030.”
- “Forvis Mazars LLP will not be reappointed as the Company's auditors for the financial year commencing 1 January 2025. PricewaterhouseCoopers LLP will be appointed as auditors as of this date.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWN, Colin | Director | 2025-02-28 | Feb 1968 | British |
| CAHILL, William John | Director | 2022-07-01 | May 1956 | British |
| MCINNES, James Robert | Director | 2025-02-28 | May 1984 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FABRE, Geraldine | Secretary | 2021-12-21 | 2025-02-28 |
| SCOTT, Samuel George | Secretary | 2021-08-10 | 2021-12-11 |
| AUBIN, Cyril Marcel Charles | Director | 2024-06-19 | 2025-02-28 |
| COHEN, Joel Jacques | Director | 2022-12-01 | 2025-02-28 |
| CORBETT, Andrew Peter | Director | 2021-12-11 | 2022-12-13 |
| COX, Paul Raymond | Director | 2021-08-10 | 2021-12-11 |
| FELLAHI, Mohamed Amine | Director | 2022-09-01 | 2025-02-28 |
| FOLDES, John Henry Roger | Director | 2023-04-24 | 2023-11-23 |
| FULLICK, Frank Peter | Director | 2021-12-11 | 2022-06-30 |
| GUTHRIE, Fiona | Director | 2021-12-11 | 2025-02-28 |
| KEENAN, John Joseph | Director | 2021-12-11 | 2023-04-24 |
| LACLIDE, Anne-France Marie | Director | 2021-12-11 | 2022-11-30 |
| NOTHEY, Kuldeep Singh | Director | 2021-12-11 | 2022-12-19 |
| ONNIS, Jean-Louis, Dr | Director | 2021-12-11 | 2022-03-31 |
| PARSONSON, Andrew William | Director | 2023-11-23 | 2025-02-28 |
| SCOTT, Samuel George | Director | 2021-08-10 | 2021-12-11 |
| SINACEUR, Mehdi Takyedine | Director | 2021-12-11 | 2025-02-28 |
| TONETTI, Federico Carlo Francesco | Director | 2022-07-01 | 2024-06-19 |
| TONG, Christopher Mark | Director | 2022-05-09 | 2025-02-28 |
| WOOD, Nigel John | Director | 2023-06-22 | 2025-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| First Bus London Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-15 | Active |
| Ratp Dev Transit London Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-08-10 | Ceased 2022-03-15 |
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-01-06 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-10-06 | AA01 | accounts | change account reference date company current extended |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-09-17 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-04-01 | CH01 | officers | change person director company with change date |
| 2025-03-28 | CH01 | officers | change person director company with change date |
| 2025-03-04 | AD02 | address | change sail address company with old address new address |
| 2025-03-04 | AD02 | address | change sail address company with old address new address |
| 2025-03-03 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM02 | officers | termination secretary company with name termination date |
| 2025-02-28 | AP01 | officers | appoint person director company with name date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | TM01 | officers | termination director company with name termination date |
| 2025-02-28 | AP01 | officers | appoint person director company with name date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory