Mtr Corporation (UK) Limited
Passenger rail transport, interurban · London
ActiveUnited KingdomIncorporated 2004Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£23,154,989
Cash
£12,571,250
Turnover
£2,272,843
Profit / loss
£11,137,668
Current assets
£18,991,292
Creditors < 1 year
£5,933,874
Equity
£23,154,989
Average employees
2
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £23,154,989 | £18,011,024 |
| Equity | £23,154,989 | £18,011,024 |
| Share capital | £29 | £29 |
| Retained earnings | £14,057,772 | £8,913,807 |
| Assets | ||
| Fixed assets | £10,097,571 | £10,097,571 |
| Investments | £10,097,571 | £10,097,571 |
| Current assets | £18,991,292 | £17,244,279 |
| Cash at bank | £12,571,250 | £7,989,842 |
| Debtors | £6,363,134 | £8,378,682 |
| Liabilities | ||
| Creditors within one year | £5,933,874 | £9,330,826 |
| Net current assets | £13,057,418 | £7,913,453 |
| Assets less current liabilities | £23,154,989 | £18,011,024 |
| Profit & loss | ||
| Turnover | £2,272,843 | £9,155,574 |
| Cost of sales | £1,135,922 | £7,027,655 |
| Operating profit | £979,281 | £1,427,919 |
| Interest receivable | £207,044 | £1,076,462 |
| Profit before tax | £9,971,925 | £13,629,514 |
| Tax | −£1,165,743 | −£1,900,219 |
| Profit / loss | £11,137,668 | £15,529,733 |
| People & pay | ||
| Average employees | 2 | 2 |
| Directors' remuneration | £85 | £850 |
| Highest paid director | £85 | — |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- MTR Corporation (UK) Limited is a 100% owned subsidiary of MTR Corporation Limited, a Hong Kong registered company that is recognised as one of the world’s leading railway operators, with a successful rail transport and property development model. The Company holds investments in the UK, Sweden and Australia, which all relate to operations of rail passenger services or rail related businesses.
- What it does
- rail passenger services · rail transport · property development · management services · consultancy services · rail infrastructure (AI keywords)
- The year
- As the Company is an investment holding entity, the key financial highlights and performance indicators are profitability and net asset position as follows: Profit after taxation £11,138,000 (2024: £15,530,000); net assets £23,155,000 (2024: £18,011,000).
- Outlook
- In the UK property business, as disclosed in the notes to the financial statements (note 6), the redevelopment project which Mersey 1 Limited is pursuing is currently in a state of hiatus. In the UK railway business, the Elizabeth line concession ended on 25 May 2025. The Company’s subsidiary ceased operations and continue to wind down the business. In the Sweden railway business, the Stockholm Metro service contract ended on 2 November 2025. This also ended the work of MTR Tech AB and MTR Facility Management AB. There were no other material events after the end of the reporting period for the Company’s investment holdings.
- Auditor
- KPMG LLP · senior statutory auditor Jonathan Visvanathan
- Audit opinion
- Clean (unmodified)
- Immediate parent
- MTR Corporation Limited
- Ultimate parent
- MTR Corporation Limited · Hong Kong
- Ultimate controlling party
- MTR Corporation Limited
- Accounts
- FRS 101
- Approved
- 2026-08-14, signed by Andrew King
Subsidiaries (11)
- MTR Corporation (Crossrail) Limited · 100% ordinary · UK · Railway operation
- MTR Corporation (Silverlink) Limited · 100% ordinary · UK · Investment holding company
- MTR Nordic AB · 100% ordinary · Sweden · Railway operation
- MTR Corporation (Sydney) SMCSW Pty Limited · 100% ordinary · Australia · Investment holding company
- MTR Corporation (UK) NRT Limited · 100% ordinary · UK · Railway operation
- MTR Consultancy (UK) Limited · 100% ordinary · UK · Consultancy service
- First MTR South Western Trains Limited · 30% ordinary · UK · Railway operation
- MTR Property Development Management (UK) Ltd · 100% ordinary · UK · Property development and management
- Mersey 1 Limited · 50% ordinary · UK · Property development
- MTR (Metro Trains UK) Limited · 100% ordinary · UK · Railway operation
- MTR Trenolab UK Ltd · 50% ordinary · UK · Engineering consultancy
Turnover by segment (4)
- Management and consultancy services: 1,438 (000s) (2025-12-31)
- Project income: 835 (000s) (2025-12-31)
- Management and consultancy services: 1,870 (000s) (2024-12-31)
- Project income: 7,285 (000s) (2024-12-31)
Related parties (3)
- Mersey 1 Limited · 50% owned by the Company · capital investment recorded as additions in fixed asset investment · £157,640
- Investment holdings · strategic and management services income · £1,438,486
- MTR Corporation Limited · parent company · capital contribution made to Mersey 1 Limited via MTR Corporation (UK) Limited · £157,640
Associates & joint ventures (2)
- First MTR South Western Trains Limited · joint venture · 30% ordinary · UK
- Mersey 1 Limited · joint venture · 50% ordinary · UK
Directors' report (1)
- Andrew King
Share classes (1)
- 29 Ordinary shares of £1 each
Principal risks (2)
- financial performance of its subsidiaries
- bids are unsuccessful and the group will have incurred substantial bid costs which dilute profitability
Events after the year end (3)
- The Elizabeth line concession ended on 25 May 2025; the Company’s subsidiary ceased operations and continues to wind down the business.
- The Stockholm Metro service contract ended on 2 November 2025. This also ended the work of MTR Tech AB and MTR Facility Management AB.
- There were no other material events after the end of the reporting period for the Company’s investment holdings.
Contingent liabilities (1)
- As at 31 December 2025, under the London Rail Infrastructure Improvement Framework, the Company provided to the Rail for London Limited a performance bond of £1m in respect of the framework, and contingent liabilities of £7.2m in respect of minor infrastructure projects awarded under the framework.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.