LONDON TRANSIT LIMITED - Profile & Financials

Accounts Submitted 6 Oct 2025

Confirmation Statement Submitted 17 Sept 2025

Net assets £-21.14M £11.52M 2023 year on year

Total assets £35.87M £5.67M 2023 year on year

Total Liabilities £57.02M £17.19M 2023 year on year

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

Garrick House Stamford Brook Garage 74 Chiswick High Road London W4 1SY England

Office (Twickenham)

Wellington Rd, Twickenham TW2 5NX

Telephone

0208 400 6600

Website

ratpdevtransitlondon.com

Credit Report

Discover LONDON TRANSIT LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2022–2023)

Cash in Bank

N/A

Net Assets

-£21.14M

Decreased by £11.52M (-120%)

Total Liabilities

£57.02M

Increased by £17.19M (+43%)

Turnover

£34.75M

Increased by £1.21M (+4%)

Employees

541

Increased by 203 (+60%)

Debt Ratio

159%

Increased by 27 (+20%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 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

3 active 20 resigned

Show resigned officers

						Status
Colin Brown	Director	British	United Kingdom	58	28 Feb 2025	Active
James Robert Mcinnes	Director	British	United Kingdom	41	28 Feb 2025	Active
William John Cahill	Director	British	England	69	1 Jul 2022	Active

Shareholders

Shareholders (1)


First Bus London Limited	100.0%	1,000	Ordinary	17 Sept 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Ratp Dev Transit London Ltd

United Kingdom

Active

Notified 15 Mar 2022

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

Ratp Dev Transit London Ltd

Ceased 15 Mar 2022

Ceased

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Group Structure

FIRST BUS LONDON LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors, appoint/remove directors as firm

FIRST BUS HOLDINGS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

FIRSTGROUP PLC united kingdom

LONDON TRANSIT LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
6 Oct 2025	Accounts	Annual accounts made up to 2025-12-31	View(1 page)
30 Sept 2025	Accounts	Annual accounts made up to 2024-12-31	View(38 pages)
17 Sept 2025	Confirmation Statement	Confirmation statement made on 2025-09-17 with updates	View(5 pages)
1 Apr 2025	Officers	Change to director Mr James Robert Mcinnes on 2025-04-01	View(2 pages)
28 Mar 2025	Officers	Change to director James Robert Mcinnes on 2025-03-28	View(2 pages)