PULLMAN RAIL LIMITED - Profile & Financials

Accounts Submitted 19 Dec 2024

Confirmation Statement Submitted 16 Apr 2025

Net assets £4.54M £346.00K 2024 year on year

Total assets £25.70M £3.98M 2024 year on year

Total Liabilities £21.16M £4.33M 2024 year on year

Charges 5

1 outstanding 4 satisfied

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Contact & Details

Contact

Update Details

Registered Address

3 Llys Cadwyn Pontypridd Rhondda Cynon Taf CF37 4TH Wales

Office (Cardiff)

Train Maintenance Depot, Leckwith Rd, Cardiff CF11 8HP

Telephone

0292 036 8850

dataprotection@tfw.wales

Website

pullmanrail.co.uk

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2013–2024)

Cash in Bank

£1.22M

Increased by £1.01M (+485%)

Net Assets

£4.54M

Decreased by £346.00k (-7%)

Total Liabilities

£21.16M

Increased by £4.33M (+26%)

Turnover

£33.58M

Increased by £7.56M (+29%)

Employees

N/A

Decreased by 195 (-100%)

Debt Ratio

82%

Increased by 4 (+5%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2022 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Officers

5 active 27 resigned

Show resigned officers

						Status
Alexia Lorna Course	Director	British	England	45	6 Aug 2021	Active
David Alun Bowen	Director	British	Wales	71	6 Aug 2021	Active
James Robert Price	Director	British	United Kingdom	51	6 Aug 2021	Active
Michael Robert Whitten	Director	British	Wales	36	13 Jan 2025	Active
Owen Davies	Director	British	Wales	42	6 Aug 2021	Active

Shareholders

Shareholders (1)


Colas Rail Holdings Limited	100.0%	32,000	Ordinary	10 May 2016

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Transport For Wales Limited

United Kingdom

Active

Notified 5 Aug 2021

Nature of Control

Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Colas Rail Holdings Limited

Ceased 5 Aug 2021

Ceased

See All Controllers

Group Structure

TRANSPORT FOR WALES united kingdom voting rights 75 to 100 percent, appoint/remove directors

THE WELSH MINISTERS united kingdom

PULLMAN RAIL LIMITED Current Company

Charges

1 outstanding 4 satisfied

Documents

Company Filings

Date	Category	Description	Document
25 Nov 2025	Officers	Termination of Michael Robert Whitten as director on 2025-11-12	View(1 page)
24 Oct 2025	Officers	Termination of John Roger Evans as director on 2025-10-24	View(1 page)
16 Apr 2025	Confirmation Statement	Confirmation statement made on 2025-04-14 with no updates	View(3 pages)
22 Jan 2025	Officers	Appointment of Mr Michael Robert Whitten as director on 2025-01-13	View(2 pages)
22 Jan 2025	Officers	Appointment of Mr John Roger Evans as director on 2025-01-13	View(2 pages)