THE SCOTTISH RAILWAY PRESERVATION SOCIETY

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1a in the financial statements. These conditions indicate that a material uncertainty exists that may cast significant doubt on the charitable company's, and group's, ability to continue as a going concern.

• ◆

  5 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

Consolidated group

Auditor

Whitelaw Wells

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1a in the financial statements. These conditions indicate that a material uncertainty exists that may cast significant doubt on the charitable company's, and group's, ability to continue as a going concern.”

Group structure

1. THE SCOTTISH RAILWAY PRESERVATION SOCIETY · parent
   1. SRPS Railtours Ltd 100% · Scotland · operation of rail tours on the National and UK networks
   2. The Scottish Railway Museum Collections Trust · holds title to the Museum Collection
   3. The Bo'ness & Kinneil Railway Company Ltd · holds title to part of the land over which the Society operates its railway

Significant events

• “The Society also disposed of three Mark 1 vehicles to other heritage railways where the likelihood of restoration within a reasonable timeframe was remote and therefore could be better looked after elsewhere.”
• “SRPS Railtours were able to run one railtour in December 2024 using Locomotive Services Limited's Mark 3 'push-pull' carriages, ensuring continuity of our mainline offering.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

8

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +14.7%

  £976,054 → £1,119,861

• Cash

  -6.9%

  £1,743,756 → £1,622,566

• Net assets

  -12.5%

  £3,958,618 → £3,462,203

• Employees

  +13%

  23 → 26

• Wages

  +23.4%

  £435,107 → £536,808

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