london general transport services limited
london general transport services limited Company Information
Company Number
02328489
Next Accounts
Sep 2025
Shareholders
go-ahead holding ltd
Group Structure
View All
Industry
Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
Registered Address
3rd floor 41-51 grey street, newcastle upon tyne, NE1 6EE
Website
www.londoncentral.comlondon general transport services limited Estimated Valuation
Pomanda estimates the enterprise value of LONDON GENERAL TRANSPORT SERVICES LIMITED at £617.2m based on a Turnover of £859.7m and 0.72x industry multiple (adjusted for size and gross margin).
london general transport services limited Estimated Valuation
Pomanda estimates the enterprise value of LONDON GENERAL TRANSPORT SERVICES LIMITED at £280.7m based on an EBITDA of £56.6m and a 4.96x industry multiple (adjusted for size and gross margin).
london general transport services limited Estimated Valuation
Pomanda estimates the enterprise value of LONDON GENERAL TRANSPORT SERVICES LIMITED at £62.2m based on Net Assets of £26m and 2.39x industry multiple (adjusted for liquidity).
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London General Transport Services Limited Overview
London General Transport Services Limited is a live company located in newcastle upon tyne, NE1 6EE with a Companies House number of 02328489. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in December 1988, it's largest shareholder is go-ahead holding ltd with a 100% stake. London General Transport Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £859.7m with high growth in recent years.
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London General Transport Services Limited Health Check
Pomanda's financial health check has awarded London General Transport Services Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £859.7m, make it larger than the average company (£27.9m)
£859.7m - London General Transport Services Limited
£27.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (2.8%)
19% - London General Transport Services Limited
2.8% - Industry AVG
Production
with a gross margin of 3.3%, this company has a comparable cost of product (3.3%)
3.3% - London General Transport Services Limited
3.3% - Industry AVG
Profitability
an operating margin of 2.7% make it more profitable than the average company (1.1%)
2.7% - London General Transport Services Limited
1.1% - Industry AVG
Employees
with 7284 employees, this is above the industry average (440)
7284 - London General Transport Services Limited
440 - Industry AVG
Pay Structure
on an average salary of £76.2k, the company has a higher pay structure (£35k)
£76.2k - London General Transport Services Limited
£35k - Industry AVG
Efficiency
resulting in sales per employee of £118k, this is more efficient (£66.4k)
£118k - London General Transport Services Limited
£66.4k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is near the average (7 days)
7 days - London General Transport Services Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (10 days)
5 days - London General Transport Services Limited
10 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (4 days)
1 days - London General Transport Services Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - London General Transport Services Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.7%, this is a higher level of debt than the average (64.1%)
89.7% - London General Transport Services Limited
64.1% - Industry AVG
LONDON GENERAL TRANSPORT SERVICES LIMITED financials
London General Transport Services Limited's latest turnover from December 2023 is £859.7 million and the company has net assets of £26 million. According to their latest financial statements, London General Transport Services Limited has 7,284 employees and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 859,673,000 | 552,860,000 | 566,256,000 | 513,758,000 | 493,280,000 | 497,997,000 | 485,420,000 | 487,758,000 | 462,014,000 | 442,230,000 | 372,867,000 | 321,156,000 | 297,476,000 | 303,833,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 23,382,000 | 45,521,000 | 53,699,000 | 38,244,000 | 42,778,000 | 40,253,000 | 42,326,000 | 40,620,000 | 40,424,000 | 40,826,000 | 35,163,000 | 28,909,000 | 24,826,000 | 28,486,000 |
| Interest Payable | 3,434,000 | 1,631,000 | 1,589,000 | 1,178,000 | 1,859,000 | 123,000 | 74,000 | 670,000 | 506,000 | 154,000 | 36,000 | 428,000 | 229,000 | |
| Interest Receivable | 2,000,000 | 313,000 | 5,000 | 12,000 | 193,000 | 218,000 | ||||||||
| Pre-Tax Profit | 21,577,000 | 43,890,000 | 52,110,000 | 37,066,000 | 43,919,000 | 40,130,000 | 42,252,000 | 39,950,000 | 39,918,000 | 41,139,000 | 35,014,000 | 28,885,000 | 23,783,000 | 22,721,000 |
| Tax | -3,656,000 | -8,315,000 | -10,208,000 | -7,153,000 | -12,323,000 | -7,730,000 | -7,993,000 | -7,667,000 | -8,498,000 | -10,521,000 | -8,293,000 | -6,530,000 | -4,971,000 | -7,504,000 |
| Profit After Tax | 17,921,000 | 35,575,000 | 41,902,000 | 29,913,000 | 31,596,000 | 32,400,000 | 34,259,000 | 32,283,000 | 31,420,000 | 30,618,000 | 26,721,000 | 22,355,000 | 18,812,000 | 15,217,000 |
| Dividends Paid | 22,000,000 | 30,000,000 | 70,000,000 | 40,000,000 | 35,000,000 | 55,000,000 | 30,000,000 | 30,000,000 | 25,000,000 | 23,000,000 | 13,000,000 | 20,000,000 | ||
| Retained Profit | -4,079,000 | 5,575,000 | -28,098,000 | 29,913,000 | -8,404,000 | -2,600,000 | -20,741,000 | 32,283,000 | 1,420,000 | 618,000 | 1,721,000 | -645,000 | 5,812,000 | -4,783,000 |
| Employee Costs | 554,739,000 | 338,114,000 | 326,745,000 | 304,822,000 | 294,126,000 | 295,651,000 | 284,700,000 | 285,751,000 | 265,034,000 | 243,915,000 | 210,520,000 | 188,248,000 | 173,569,000 | 178,640,000 |
| Number Of Employees | 7,284 | 7,655 | 7,596 | 7,172 | 6,969 | 7,270 | 7,069 | 7,019 | 6,816 | 6,485 | 5,608 | 5,019 | 4,761 | 4,700 |
| EBITDA* | 56,610,000 | 68,713,000 | 79,947,000 | 65,752,000 | 70,461,000 | 66,886,000 | 66,033,000 | 40,620,000 | 59,637,000 | 58,418,000 | 50,567,000 | 40,832,000 | 34,219,000 | 37,218,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 126,154,000 | 145,048,000 | 157,780,000 | 175,333,000 | 136,422,000 | 157,134,000 | 132,859,000 | 95,374,000 | 76,907,000 | 87,149,000 | 71,836,000 | 82,564,000 | 54,968,000 | 50,990,000 |
| Intangible Assets | 87,168,000 | 15,924,000 | 16,004,000 | 16,096,000 | 16,057,000 | 15,892,000 | 15,903,000 | 16,362,000 | 17,209,000 | 2,910,000 | 4,852,000 | 5,974,000 | ||
| Investments & Other | 140,000 | 712,000 | 716,000 | 4,096,000 | 1,034,000 | 15,764,000 | 15,764,000 | 15,764,000 | 15,764,000 | 15,764,000 | ||||
| Debtors (Due After 1 year) | 18,975,000 | 58,163,000 | 68,199,000 | 81,770,000 | 5,733,000 | 9,333,000 | ||||||||
| Total Fixed Assets | 213,322,000 | 160,972,000 | 173,924,000 | 192,141,000 | 153,195,000 | 177,122,000 | 149,796,000 | 111,736,000 | 113,091,000 | 163,986,000 | 160,651,000 | 186,072,000 | 76,465,000 | 76,087,000 |
| Stock & work in progress | 2,374,000 | 1,792,000 | 1,733,000 | 1,186,000 | 1,118,000 | 1,003,000 | 1,002,000 | 1,081,000 | 1,236,000 | 1,432,000 | 934,000 | 943,000 | 923,000 | 1,002,000 |
| Trade Debtors | 18,013,000 | 34,474,000 | 36,477,000 | 10,780,000 | 16,800,000 | 18,389,000 | 19,869,000 | 22,757,000 | 15,716,000 | 15,380,000 | 13,574,000 | 13,963,000 | 12,640,000 | 13,490,000 |
| Group Debtors | 22,012,000 | 32,674,000 | 6,462,000 | 2,267,000 | 8,580,000 | 99,000 | 129,000 | |||||||
| Misc Debtors | 5,217,000 | 7,099,000 | 4,923,000 | 5,823,000 | 13,192,000 | 16,097,000 | 5,688,000 | 4,772,000 | 5,276,000 | 7,400,000 | 7,894,000 | 5,913,000 | 7,475,000 | 5,595,000 |
| Cash | 2,000 | 3,000 | 19,000 | 10,000 | 37,000 | 49,000 | 211,000 | 276,000 | 318,000 | 279,000 | 383,000 | |||
| misc current assets | 12,965,000 | 3,098,000 | 4,819,000 | 2,132,000 | 11,393,000 | 1,610,000 | 6,121,000 | |||||||
| total current assets | 38,571,000 | 43,365,000 | 46,234,000 | 22,608,000 | 33,242,000 | 46,901,000 | 26,569,000 | 52,269,000 | 61,072,000 | 30,885,000 | 24,945,000 | 29,717,000 | 21,416,000 | 20,599,000 |
| total assets | 251,893,000 | 204,337,000 | 220,158,000 | 214,749,000 | 186,437,000 | 224,023,000 | 176,365,000 | 164,005,000 | 174,163,000 | 194,871,000 | 185,596,000 | 215,789,000 | 97,881,000 | 96,686,000 |
| Bank overdraft | 2,000 | 4,000 | 3,000 | |||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 13,417,000 | 11,122,000 | 13,940,000 | 12,598,000 | 12,609,000 | 15,959,000 | 12,299,000 | 12,589,000 | 12,267,000 | 8,537,000 | 11,195,000 | 8,834,000 | 8,046,000 | 7,950,000 |
| Group/Directors Accounts | 63,739,000 | 38,957,000 | 49,387,000 | 11,608,000 | 72,528,000 | 91,841,000 | 58,303,000 | 25,792,000 | 75,929,000 | 100,448,000 | 96,542,000 | 134,984,000 | 22,060,000 | 19,939,000 |
| other short term finances | 237,000 | 363,000 | ||||||||||||
| hp & lease commitments | 18,497,000 | 14,664,000 | 16,484,000 | 17,661,000 | 454,000 | 94,000 | 545,000 | 2,780,000 | ||||||
| other current liabilities | 44,036,000 | 61,104,000 | 64,272,000 | 59,252,000 | 46,510,000 | 43,933,000 | 43,885,000 | 46,766,000 | 43,463,000 | 33,367,000 | 28,191,000 | 26,970,000 | 26,169,000 | 46,890,000 |
| total current liabilities | 139,689,000 | 125,849,000 | 144,320,000 | 101,123,000 | 132,013,000 | 151,733,000 | 114,487,000 | 85,147,000 | 131,659,000 | 142,352,000 | 136,382,000 | 170,882,000 | 56,820,000 | 77,559,000 |
| loans | 1,134,000 | 336,000 | ||||||||||||
| hp & lease commitments | 54,027,000 | 24,114,000 | 25,375,000 | 33,717,000 | 454,000 | 549,000 | 723,000 | |||||||
| Accruals and Deferred Income | 4,703,000 | 4,729,000 | 6,194,000 | 6,919,000 | 6,347,000 | 4,960,000 | ||||||||
| other liabilities | 5,143,000 | 2,058,000 | 2,762,000 | |||||||||||
| provisions | 27,472,000 | 19,300,000 | 19,626,000 | 22,176,000 | 23,340,000 | 28,674,000 | 27,131,000 | 28,460,000 | 28,018,000 | 32,643,000 | 29,956,000 | 26,916,000 | 22,257,000 | 6,124,000 |
| total long term liabilities | 86,202,000 | 48,143,000 | 51,195,000 | 63,946,000 | 30,023,000 | 33,634,000 | 32,274,000 | 30,518,000 | 30,780,000 | 32,643,000 | 29,956,000 | 27,370,000 | 22,806,000 | 6,847,000 |
| total liabilities | 225,891,000 | 173,992,000 | 195,515,000 | 165,069,000 | 162,036,000 | 185,367,000 | 146,761,000 | 115,665,000 | 162,439,000 | 174,995,000 | 166,338,000 | 198,252,000 | 79,626,000 | 84,406,000 |
| net assets | 26,002,000 | 30,345,000 | 24,643,000 | 49,680,000 | 24,401,000 | 38,656,000 | 29,604,000 | 48,340,000 | 11,724,000 | 19,876,000 | 19,258,000 | 17,537,000 | 18,255,000 | 12,280,000 |
| total shareholders funds | 26,002,000 | 30,345,000 | 24,643,000 | 49,680,000 | 24,401,000 | 38,656,000 | 29,604,000 | 48,340,000 | 11,724,000 | 19,876,000 | 19,258,000 | 17,537,000 | 18,255,000 | 12,280,000 |
| Dec 2023 | Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 23,382,000 | 45,521,000 | 53,699,000 | 38,244,000 | 42,778,000 | 40,253,000 | 42,326,000 | 40,620,000 | 40,424,000 | 40,826,000 | 35,163,000 | 28,909,000 | 24,826,000 | 28,486,000 |
| Depreciation | 33,080,000 | 23,105,000 | 26,155,000 | 27,405,000 | 27,683,000 | 26,633,000 | 23,317,000 | 17,410,000 | 15,650,000 | 13,633,000 | 11,480,000 | 9,393,000 | 8,732,000 | |
| Amortisation | 148,000 | 87,000 | 93,000 | 103,000 | 390,000 | 1,803,000 | 1,942,000 | 1,771,000 | 443,000 | |||||
| Tax | -3,656,000 | -8,315,000 | -10,208,000 | -7,153,000 | -12,323,000 | -7,730,000 | -7,993,000 | -7,667,000 | -8,498,000 | -10,521,000 | -8,293,000 | -6,530,000 | -4,971,000 | -7,504,000 |
| Stock | 582,000 | 59,000 | 547,000 | 68,000 | 115,000 | 1,000 | -79,000 | -155,000 | -196,000 | 498,000 | -9,000 | 20,000 | -79,000 | 1,002,000 |
| Debtors | -18,343,000 | 173,000 | 24,797,000 | -13,389,000 | -4,494,000 | 8,929,000 | -23,984,000 | -23,100,000 | -14,764,000 | -4,529,000 | -18,292,000 | 84,279,000 | -2,600,000 | 28,547,000 |
| Creditors | 2,295,000 | -2,818,000 | 1,342,000 | -11,000 | -3,350,000 | 3,660,000 | -290,000 | 322,000 | 3,730,000 | -2,658,000 | 2,361,000 | 788,000 | 96,000 | 7,950,000 |
| Accruals and Deferred Income | -17,094,000 | -4,633,000 | 4,295,000 | 13,314,000 | 3,964,000 | 5,008,000 | -2,881,000 | 3,303,000 | 10,096,000 | 5,176,000 | 1,221,000 | 801,000 | -20,721,000 | 46,890,000 |
| Deferred Taxes & Provisions | 8,172,000 | -326,000 | -2,550,000 | -1,164,000 | -5,334,000 | 1,543,000 | -1,329,000 | 442,000 | -4,625,000 | 2,687,000 | 3,040,000 | 4,659,000 | 16,133,000 | 6,124,000 |
| Cash flow from operations | 64,088,000 | 52,389,000 | 47,482,000 | 84,059,000 | 57,797,000 | 60,437,000 | 77,603,000 | 60,275,000 | 75,300,000 | 57,133,000 | 67,197,000 | -43,749,000 | 27,435,000 | 61,129,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -140,000 | -572,000 | -4,000 | -3,380,000 | 3,062,000 | 1,034,000 | -15,764,000 | 15,764,000 | ||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 24,782,000 | -10,430,000 | 37,779,000 | -60,920,000 | -19,313,000 | 33,538,000 | 32,511,000 | -50,137,000 | -24,519,000 | 3,906,000 | -38,442,000 | 112,924,000 | 2,121,000 | 19,939,000 |
| Other Short Term Loans | -237,000 | 237,000 | -363,000 | 363,000 | ||||||||||
| Long term loans | -1,134,000 | 798,000 | 336,000 | |||||||||||
| Hire Purchase and Lease Commitments | 33,746,000 | -3,081,000 | -9,519,000 | 51,378,000 | -454,000 | -94,000 | -546,000 | -2,409,000 | 3,503,000 | |||||
| other long term liabilities | -5,143,000 | 3,085,000 | -704,000 | 2,762,000 | ||||||||||
| share issue | ||||||||||||||
| interest | -1,434,000 | -1,631,000 | -1,589,000 | -1,178,000 | -1,859,000 | -123,000 | -74,000 | -670,000 | -506,000 | 313,000 | -149,000 | -24,000 | -235,000 | -11,000 |
| cash flow from financing | 56,830,000 | -15,252,000 | 28,835,000 | -14,919,000 | -26,324,000 | 39,924,000 | 37,527,000 | -47,178,000 | -31,835,000 | 3,765,000 | -38,685,000 | 112,281,000 | -360,000 | 40,494,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,000 | -3,000 | 3,000 | -19,000 | 9,000 | -27,000 | -12,000 | -162,000 | -65,000 | -42,000 | 39,000 | -104,000 | 383,000 | |
| overdraft | -2,000 | 2,000 | -4,000 | 1,000 | 3,000 | |||||||||
| change in cash | 4,000 | -5,000 | 7,000 | -1,000 | -22,000 | 9,000 | -27,000 | -12,000 | -162,000 | -65,000 | -42,000 | 39,000 | -104,000 | 383,000 |
london general transport services limited Credit Report and Business Information
London General Transport Services Limited Competitor Analysis
Perform a competitor analysis for london general transport services limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mega companies, companies in NE1 area or any other competitors across 12 key performance metrics.
london general transport services limited Ownership
LONDON GENERAL TRANSPORT SERVICES LIMITED group structure
London General Transport Services Limited has 5 subsidiary companies.
Ultimate parent company
GLOBALVIA INVERSIONES SA
#0003879
2 parents
LONDON GENERAL TRANSPORT SERVICES LIMITED
02328489
5 subsidiaries
london general transport services limited directors
London General Transport Services Limited currently has 4 directors. The longest serving directors include Mr Gordon Boyd (Sep 2021) and Mr Christopher McKeown (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gordon Boyd | United Kingdom | 65 years | Sep 2021 | - | Director |
| Mr Christopher McKeown | United Kingdom | 42 years | Aug 2023 | - | Director |
| Mr Andrew Edwards | United Kingdom | 40 years | Aug 2023 | - | Director |
| Mr Matthew Carney | United Kingdom | 44 years | Apr 2024 | - | Director |
P&L
December 2023turnover
859.7m
+55%
operating profit
23.4m
-49%
gross margin
3.3%
-35.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
26m
-0.14%
total assets
251.9m
+0.23%
cash
2k
0%
net assets
Total assets minus all liabilities
london general transport services limited company details
company number
02328489
Type
Private limited with Share Capital
industry
49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
incorporation date
December 1988
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MHA
address
3rd floor 41-51 grey street, newcastle upon tyne, NE1 6EE
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
WOMBLE BOND DICKINSON LLP
london general transport services 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 found 13 charges/mortgages relating to london general transport services limited. Currently there are 1 open charges and 12 have been satisfied in the past.
london general transport services 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.
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london general transport services limited Companies House Filings - See Documents
| date | description | view/download |
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