FIRST GLASGOW (NO.2) LIMITED - Profile & Financials

Accounts Submitted 17 Oct 2025

Confirmation Statement Submitted 3 Jan 2025

Net assets £13.28M £1.75M 2023 year on year

Total assets £37.02M £783.00K 2023 year on year

Total Liabilities £23.74M £970.00K 2023 year on year

Charges 16

16 satisfied

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Contact & Details

Contact

Update Details

Registered Address

100 Cathcart Road Glasgow G42 7BH

Office (Halifax)

Unnamed Road, Halifax HX1 2RF

Office (Aberdeen)

395 King Street, Aberdeen, AB24 5RP

first.etickets@firstbus.co.uk

Website

firstbus.co.uk

Credit Report

Discover FIRST GLASGOW (NO.2) 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 (2013–2023)

Cash in Bank

£4.94M

Increased by £2.50M (+102%)

Net Assets

£13.28M

Increased by £1.75M (+15%)

Total Liabilities

£23.74M

Decreased by £970.00k (-4%)

Turnover

£46.10M

Increased by £2.68M (+6%)

Employees

564

Increased by 20 (+4%)

Debt Ratio

64%

Decreased by 4 (-6%)

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

5 active 63 resigned

Show resigned officers

						Status
Andrew Simon Jarvis	Director	British	United Kingdom	51	24 Apr 2017	Active
David John Mark Blizzard	Secretary	Unknown	Unknown	—	9 Aug 2022	Active
Duncan Young Cameron	Director	British	United Kingdom	47	18 Nov 2016	Active
James Robert Mcinnes	Director	British	United Kingdom	41	31 Mar 2025	Active
Ronald Russell Williamson	Director	British	Scotland	74	1 Apr 1999	Active

Shareholders

Shareholders (1)


Firstbus (north) Limited	100.0%	3,108,125	Ordinary	25 Apr 2016

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Firstbus (north) Limited

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

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

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Group Structure

FIRSTBUS (NORTH) LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors, appoint/remove directors as trust, 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

FIRST GLASGOW (NO.2) LIMITED Current Company

KCB LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

KELVIN CENTRAL BUSES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

KELVIN SCOTTISH OMNIBUSES LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

16 satisfied

Documents

Company Filings

Date	Category	Description	Document
17 Oct 2025	Other	Notice of agreement to exemption from audit of accounts for period ending 29/03/25	View(1 page)
17 Oct 2025	Other	Audit exemption statement of guarantee by parent company for period ending 29/03/25	View(3 pages)
17 Oct 2025	Accounts	Annual accounts made up to 2025-03-29	View(27 pages)
17 Oct 2025	Accounts	Annual accounts filed	View(223 pages)
1 Apr 2025	Officers	Change to director Mr James Robert Mcinnes on 2025-04-01	View(2 pages)