railpen limited Company Information
Company Number
02315380
Next Accounts
Sep 2025
Industry
Pension funding
Shareholders
railways pension trustee company ltd
Group Structure
View All
Contact
Registered Address
100 liverpool street, london, EC2M 2AT
Website
http://www.railpen.comrailpen limited Estimated Valuation
Pomanda estimates the enterprise value of RAILPEN LIMITED at £173m based on a Turnover of £133.5m and 1.3x industry multiple (adjusted for size and gross margin).
railpen limited Estimated Valuation
Pomanda estimates the enterprise value of RAILPEN LIMITED at £218.6m based on an EBITDA of £15.3m and a 14.31x industry multiple (adjusted for size and gross margin).
railpen limited Estimated Valuation
Pomanda estimates the enterprise value of RAILPEN LIMITED at £34.9m based on Net Assets of £20.1m and 1.74x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Railpen Limited Overview
Railpen Limited is a live company located in london, EC2M 2AT with a Companies House number of 02315380. It operates in the pension funding sector, SIC Code 65300. Founded in November 1988, it's largest shareholder is railways pension trustee company ltd with a 100% stake. Railpen Limited is a mature, mega sized company, Pomanda has estimated its turnover at £133.5m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Railpen Limited Health Check
Pomanda's financial health check has awarded Railpen Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £133.5m, make it larger than the average company (£2.4m)
£133.5m - Railpen Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8%)
14% - Railpen Limited
8% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
100% - Railpen Limited
100% - Industry AVG
Profitability
an operating margin of 7.4% make it less profitable than the average company (11.4%)
7.4% - Railpen Limited
11.4% - Industry AVG
Employees
with 699 employees, this is above the industry average (14)
699 - Railpen Limited
14 - Industry AVG
Pay Structure
on an average salary of £94.4k, the company has a higher pay structure (£57k)
£94.4k - Railpen Limited
£57k - Industry AVG
Efficiency
resulting in sales per employee of £191k, this is more efficient (£110.8k)
£191k - Railpen Limited
£110.8k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (33 days)
19 days - Railpen Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Railpen Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Railpen Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (52 weeks)
21 weeks - Railpen Limited
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.6%, this is a higher level of debt than the average (35.9%)
77.6% - Railpen Limited
35.9% - Industry AVG
RAILPEN LIMITED financials
Railpen Limited's latest turnover from December 2023 is £133.5 million and the company has net assets of £20.1 million. According to their latest financial statements, Railpen Limited has 699 employees and maintains cash reserves of £16.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 133,478,000 | 114,869,000 | 100,753,000 | 90,426,000 | 77,861,000 | 71,646,000 | 80,693,000 | 88,243,000 | 85,329,000 | 47,053,000 | 47,397,000 | 42,406,000 | 45,055,000 | 40,782,000 | 31,222,000 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 9,810,000 | -414,000 | 1,245,000 | -8,496,000 | -8,009,000 | 6,343,000 | 3,161,000 | 4,093,000 | -451,000 | -1,424,000 | -644,000 | 4,066,000 | 3,391,000 | 2,643,000 | 3,927,000 |
Interest Payable | 0 | 705,000 | 633,000 | 618,000 | 958,000 | 832,000 | 916,000 | 631,000 | 633,000 | 120,000 | 131,000 | 0 | 0 | 268,000 | 191,000 |
Interest Receivable | 1,049,000 | 32,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 190,000 | 258,000 | 42,000 | 128,000 | 15,000 | 26,000 |
Pre-Tax Profit | -1,505,000 | -1,332,000 | -779,000 | -364,000 | 330,000 | 1,346,000 | 617,000 | 823,000 | 667,000 | 872,000 | 263,000 | -1,188,000 | 3,519,000 | 2,390,000 | 3,762,000 |
Tax | -116,000 | 184,000 | 226,000 | 79,000 | -144,000 | -320,000 | -169,000 | -233,000 | -172,000 | -120,000 | -62,000 | 244,000 | -825,000 | -867,000 | -1,094,000 |
Profit After Tax | -1,621,000 | -1,148,000 | -553,000 | -285,000 | 186,000 | 1,026,000 | 448,000 | 590,000 | 495,000 | 752,000 | 201,000 | -944,000 | 2,694,000 | 1,523,000 | 2,668,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -1,621,000 | -1,148,000 | -553,000 | -285,000 | 186,000 | 1,026,000 | 448,000 | 590,000 | 495,000 | 752,000 | 201,000 | -944,000 | 2,694,000 | 1,523,000 | 2,668,000 |
Employee Costs | 65,966,000 | 60,032,000 | 48,816,000 | 40,459,000 | 32,511,000 | 24,729,000 | 31,074,000 | 27,715,000 | 23,969,000 | 20,256,000 | 19,545,000 | 18,924,000 | 16,900,000 | 14,873,000 | 12,201,000 |
Number Of Employees | 699 | 615 | 554 | 472 | 438 | 375 | 367 | 352 | 331 | 335 | 337 | 337 | 302 | 270 | 264 |
EBITDA* | 15,278,000 | 5,176,000 | 6,462,000 | -7,798,000 | -7,263,000 | 7,307,000 | 4,277,000 | 5,352,000 | 849,000 | -133,000 | 578,000 | 5,081,000 | 4,781,000 | 3,863,000 | 5,057,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 2,350,000 | 3,025,000 | 3,683,000 | 3,936,000 | 3,626,000 | 4,175,000 | 4,346,000 | 5,102,000 | 5,182,000 | 5,538,000 | 5,112,000 | 3,908,000 | 4,292,000 | 4,493,000 | 4,421,000 |
Intangible Assets | 30,831,000 | 33,464,000 | 36,866,000 | 37,269,000 | 36,195,000 | 35,609,000 | 28,735,000 | 19,577,000 | 8,967,000 | 554,000 | 692,000 | 0 | 0 | 0 | 0 |
Investments & Other | 5,121,000 | 650,000 | 36,365,000 | 39,616,000 | 31,069,000 | 20,058,000 | 26,130,000 | 26,799,000 | 16,319,000 | 16,369,000 | 341,000 | 1,178,000 | 1,648,000 | 307,000 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 38,302,000 | 37,139,000 | 76,914,000 | 80,821,000 | 70,890,000 | 59,842,000 | 59,211,000 | 51,478,000 | 30,468,000 | 22,461,000 | 6,145,000 | 5,086,000 | 5,940,000 | 4,800,000 | 4,421,000 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 7,135,000 | 5,856,000 | 3,754,000 | 5,151,000 | 5,889,000 | 3,770,000 | 4,487,000 | 3,570,000 | 6,008,000 | 5,081,000 | 6,182,000 | 4,626,000 | 4,601,000 | 3,940,000 | 3,155,000 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 525,000 | 0 | 0 | 0 |
Misc Debtors | 27,558,000 | 23,611,000 | 20,348,000 | 22,283,000 | 15,305,000 | 15,212,000 | 14,916,000 | 13,160,000 | 9,975,000 | 3,978,000 | 3,624,000 | 2,400,000 | 4,665,000 | 2,484,000 | 1,401,000 |
Cash | 16,726,000 | 12,159,000 | 7,241,000 | 1,392,000 | 542,000 | 1,041,000 | 1,686,000 | 2,567,000 | 2,509,000 | 4,727,000 | 8,086,000 | 6,828,000 | 4,188,000 | 3,957,000 | 1,760,000 |
misc current assets | 0 | 6,589,000 | 6,834,000 | 8,225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 51,419,000 | 48,215,000 | 38,177,000 | 37,051,000 | 21,736,000 | 20,023,000 | 21,089,000 | 19,297,000 | 18,492,000 | 13,786,000 | 17,892,000 | 14,379,000 | 13,454,000 | 10,381,000 | 6,316,000 |
total assets | 89,721,000 | 85,354,000 | 115,091,000 | 117,872,000 | 92,626,000 | 79,865,000 | 80,300,000 | 70,775,000 | 48,960,000 | 36,247,000 | 24,037,000 | 19,465,000 | 19,394,000 | 15,181,000 | 10,737,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,159,000 | 1,454,000 | 866,000 | 1,770,000 | 17,701,000 | 2,062,000 | 1,952,000 | 1,235,000 | 123,000 | 2,233,000 | 1,412,000 | 852,000 | 2,485,000 | 2,348,000 | 1,897,000 |
Group/Directors Accounts | 217,000 | 386,000 | 0 | 0 | 0 | 0 | 0 | 341,000 | 341,000 | 341,000 | 801,000 | 460,000 | 460,000 | 460,000 | 484,000 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 39,761,000 | 33,195,000 | 27,479,000 | 25,206,000 | 0 | 15,544,000 | 14,626,000 | 12,816,000 | 10,120,000 | 7,405,000 | 10,166,000 | 6,622,000 | 10,086,000 | 6,772,000 | 4,042,000 |
total current liabilities | 41,137,000 | 35,035,000 | 28,345,000 | 26,976,000 | 17,701,000 | 17,606,000 | 16,578,000 | 14,392,000 | 10,584,000 | 9,979,000 | 12,379,000 | 7,934,000 | 13,031,000 | 9,580,000 | 6,423,000 |
loans | 0 | 0 | 0 | 0 | 341,000 | 341,000 | 341,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 21,784,000 | 25,673,000 | 29,561,000 | 34,749,000 | 29,577,000 | 20,079,000 | 17,083,000 | 13,721,000 | 10,393,000 | 0 | 0 | 0 | 0 | 459,000 | 1,007,000 |
other liabilities | 848,000 | 997,000 | 1,148,000 | 0 | 513,000 | 9,524,000 | 5,226,000 | 3,515,000 | 855,000 | 2,541,000 | 4,647,000 | 5,296,000 | 0 | 0 | 0 |
provisions | 321,000 | 0 | 0 | 0 | 0 | 415,000 | 947,000 | 1,269,000 | 1,801,000 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 28,519,000 | 27,376,000 | 71,165,000 | 78,881,000 | 64,883,000 | 52,838,000 | 52,732,000 | 48,378,000 | 31,129,000 | 20,660,000 | 6,327,000 | 16,771,000 | 10,855,000 | 6,799,000 | 9,145,000 |
total liabilities | 69,656,000 | 62,411,000 | 99,510,000 | 105,857,000 | 82,584,000 | 70,444,000 | 69,310,000 | 62,770,000 | 41,713,000 | 30,639,000 | 18,706,000 | 24,705,000 | 23,886,000 | 16,379,000 | 15,568,000 |
net assets | 20,065,000 | 22,943,000 | 15,581,000 | 12,015,000 | 10,042,000 | 9,421,000 | 10,990,000 | 8,005,000 | 7,247,000 | 5,608,000 | 5,331,000 | -5,240,000 | -4,492,000 | -1,198,000 | -4,831,000 |
total shareholders funds | 20,065,000 | 22,943,000 | 15,581,000 | 12,015,000 | 10,042,000 | 9,421,000 | 10,990,000 | 8,005,000 | 7,247,000 | 5,608,000 | 5,331,000 | -5,240,000 | -4,492,000 | -1,198,000 | -4,831,000 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 9,810,000 | -414,000 | 1,245,000 | -8,496,000 | -8,009,000 | 6,343,000 | 3,161,000 | 4,093,000 | -451,000 | -1,424,000 | -644,000 | 4,066,000 | 3,391,000 | 2,643,000 | 3,927,000 |
Depreciation | 764,000 | 886,000 | 798,000 | 698,000 | 746,000 | 827,000 | 977,000 | 1,120,000 | 1,161,000 | 1,153,000 | 1,222,000 | 1,015,000 | 1,390,000 | 1,220,000 | 1,130,000 |
Amortisation | 4,704,000 | 4,704,000 | 4,419,000 | 0 | 0 | 137,000 | 139,000 | 139,000 | 139,000 | 138,000 | 0 | 0 | 0 | 0 | 0 |
Tax | -116,000 | 184,000 | 226,000 | 79,000 | -144,000 | -320,000 | -169,000 | -233,000 | -172,000 | -120,000 | -62,000 | 244,000 | -825,000 | -867,000 | -1,094,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 5,226,000 | 5,365,000 | -3,332,000 | 6,240,000 | 2,212,000 | -421,000 | 2,673,000 | 747,000 | 6,924,000 | -747,000 | 2,255,000 | -1,715,000 | 2,842,000 | 1,868,000 | 4,556,000 |
Creditors | -295,000 | 588,000 | -904,000 | -15,931,000 | 15,639,000 | 110,000 | 717,000 | 1,112,000 | -2,110,000 | 821,000 | 560,000 | -1,633,000 | 137,000 | 451,000 | 1,897,000 |
Accruals and Deferred Income | 2,677,000 | 1,828,000 | -2,915,000 | 30,378,000 | -6,046,000 | 3,914,000 | 5,172,000 | 6,024,000 | 13,108,000 | -2,761,000 | 3,544,000 | -3,464,000 | 2,855,000 | 2,182,000 | 5,049,000 |
Deferred Taxes & Provisions | 321,000 | 0 | 0 | 0 | -415,000 | -532,000 | -322,000 | -532,000 | 1,801,000 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 12,639,000 | 2,411,000 | 6,201,000 | 488,000 | -441,000 | 10,900,000 | 7,002,000 | 10,976,000 | 6,552,000 | -1,446,000 | 2,365,000 | 1,943,000 | 4,106,000 | 3,761,000 | 6,353,000 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 4,471,000 | -35,715,000 | -3,251,000 | 8,547,000 | 11,011,000 | -6,072,000 | -669,000 | 10,480,000 | -50,000 | 16,028,000 | -837,000 | -470,000 | 1,341,000 | 307,000 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -169,000 | 386,000 | 0 | 0 | 0 | 0 | -341,000 | 0 | 0 | -460,000 | 341,000 | 0 | 0 | -24,000 | 484,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | -341,000 | 0 | 0 | 341,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -149,000 | -151,000 | 1,148,000 | -513,000 | -9,011,000 | 4,298,000 | 1,711,000 | 2,660,000 | -1,686,000 | -2,106,000 | -649,000 | 5,296,000 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 1,049,000 | -673,000 | -633,000 | -618,000 | -958,000 | -832,000 | -916,000 | -631,000 | -633,000 | 70,000 | 127,000 | 42,000 | 128,000 | -253,000 | -165,000 |
cash flow from financing | -526,000 | 8,072,000 | 4,634,000 | 786,000 | -9,534,000 | 871,000 | 3,332,000 | 2,197,000 | -1,175,000 | -2,971,000 | 10,189,000 | 5,534,000 | -5,860,000 | 1,833,000 | -7,180,000 |
cash and cash equivalents | |||||||||||||||
cash | 4,567,000 | 4,918,000 | 5,849,000 | 850,000 | -499,000 | -645,000 | -881,000 | 58,000 | -2,218,000 | -3,359,000 | 1,258,000 | 2,640,000 | 231,000 | 2,197,000 | 1,760,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 4,567,000 | 4,918,000 | 5,849,000 | 850,000 | -499,000 | -645,000 | -881,000 | 58,000 | -2,218,000 | -3,359,000 | 1,258,000 | 2,640,000 | 231,000 | 2,197,000 | 1,760,000 |
railpen limited Credit Report and Business Information
Railpen Limited Competitor Analysis
Perform a competitor analysis for railpen limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2M area or any other competitors across 12 key performance metrics.
railpen limited Ownership
RAILPEN LIMITED group structure
Railpen Limited has 4 subsidiary companies.
Ultimate parent company
2 parents
RAILPEN LIMITED
02315380
4 subsidiaries
railpen limited directors
Railpen Limited currently has 10 directors. The longest serving directors include Ms Alison Burns (Nov 2020) and Mr Gary Towse (Jul 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Alison Burns | 61 years | Nov 2020 | - | Director | |
Mr Gary Towse | United Kingdom | 72 years | Jul 2021 | - | Director |
Mr Gary Towse | United Kingdom | 72 years | Jul 2021 | - | Director |
Mr Michael Craston | 66 years | Jul 2021 | - | Director | |
Mr Richard Murray | United Kingdom | 51 years | Sep 2022 | - | Director |
Mr Michael Cash | United Kingdom | 64 years | Sep 2023 | - | Director |
Mrs Fatima Hassan | United Kingdom | 39 years | Jan 2024 | - | Director |
Mrs Susan Amies-King | United Kingdom | 61 years | Jul 2024 | - | Director |
Mrs Olubusola Sodeinde | United Kingdom | 47 years | Sep 2024 | - | Director |
Mr Andrew Bord | United Kingdom | 54 years | Oct 2024 | - | Director |
P&L
December 2023turnover
133.5m
+16%
operating profit
9.8m
-2470%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
20.1m
-0.13%
total assets
89.7m
+0.05%
cash
16.7m
+0.38%
net assets
Total assets minus all liabilities
railpen limited company details
company number
02315380
Type
Private limited with Share Capital
industry
65300 - Pension funding
incorporation date
November 1988
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
rpmi limited (September 2021)
railway pensions management limited (August 2007)
See moreaccountant
-
auditor
KPMG LLP
address
100 liverpool street, london, EC2M 2AT
Bank
-
Legal Advisor
-
railpen limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to railpen limited.
railpen limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for RAILPEN LIMITED. This can take several minutes, an email will notify you when this has completed.
railpen limited Companies House Filings - See Documents
date | description | view/download |
---|