trainline plc
trainline plc Company Information
Company Number
11961132
Website
www.thetrainline.comRegistered Address
120 holborn, london, EC1N 2TD
Industry
Other information technology and computer service activities
Telephone
03332022222
Next Accounts Due
August 2024
Group Structure
View All
Shareholders
state street nominees limited 62%
bank of new york (nominees) limited 20.3%
View Alltrainline plc Estimated Valuation
Pomanda estimates the enterprise value of TRAINLINE PLC at £670.9m based on a Turnover of £327.1m and 2.05x industry multiple (adjusted for size and gross margin).
trainline plc Estimated Valuation
Pomanda estimates the enterprise value of TRAINLINE PLC at £8.2b based on an EBITDA of £521.2m and a 15.74x industry multiple (adjusted for size and gross margin).
trainline plc Estimated Valuation
Pomanda estimates the enterprise value of TRAINLINE PLC at £643.5m based on Net Assets of £290.6m and 2.21x industry multiple (adjusted for liquidity).
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Trainline Plc Overview
Trainline Plc is a live company located in london, EC1N 2TD with a Companies House number of 11961132. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2019, it's largest shareholder is state street nominees limited with a 62% stake. Trainline Plc is a young, mega sized company, Pomanda has estimated its turnover at £327.1m with healthy growth in recent years.
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Trainline Plc Health Check
Pomanda's financial health check has awarded Trainline Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
1 Weak
Size
annual sales of £327.1m, make it larger than the average company (£6.4m)
£327.1m - Trainline Plc
£6.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (6.2%)
8% - Trainline Plc
6.2% - Industry AVG
Production
with a gross margin of 77.1%, this company has a lower cost of product (51.2%)
77.1% - Trainline Plc
51.2% - Industry AVG
Profitability
an operating margin of 8.5% make it more profitable than the average company (3.6%)
8.5% - Trainline Plc
3.6% - Industry AVG
Employees
with 912 employees, this is above the industry average (42)
912 - Trainline Plc
42 - Industry AVG
Pay Structure
on an average salary of £114.6k, the company has a higher pay structure (£66.4k)
£114.6k - Trainline Plc
£66.4k - Industry AVG
Efficiency
resulting in sales per employee of £358.7k, this is more efficient (£162.5k)
£358.7k - Trainline Plc
£162.5k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is earlier than average (55 days)
42 days - Trainline Plc
55 days - Industry AVG
Creditor Days
its suppliers are paid after 774 days, this is slower than average (36 days)
774 days - Trainline Plc
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Trainline Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (15 weeks)
14 weeks - Trainline Plc
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.5%, this is a lower level of debt than the average (64.1%)
55.5% - Trainline Plc
64.1% - Industry AVG
trainline plc Credit Report and Business Information
Trainline Plc Competitor Analysis
Perform a competitor analysis for trainline plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
trainline plc Ownership
TRAINLINE PLC group structure
Trainline Plc has 1 subsidiary company.
trainline plc directors
Trainline Plc currently has 11 directors. The longest serving directors include Mr Brian McBride (Jun 2019) and Mr Duncan Tatton-Brown (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian McBride | United Kingdom | 68 years | Jun 2019 | - | Director |
| Mr Duncan Tatton-Brown | United Kingdom | 59 years | Jun 2019 | - | Director |
| Mr Duncan Tatton-Brown | England | 59 years | Jun 2019 | - | Director |
| Mr Jody Ford | England | 49 years | Sep 2020 | - | Director |
| Ms Jennifer Duvalier | England | 55 years | Oct 2020 | - | Director |
| Dr Andrew Phillipps | England | 55 years | Jan 2021 | - | Director |
| Mr Andrew Phillipps | 55 years | Jan 2021 | - | Director | |
| Ms Rakhi Goss-Custard | United Kingdom | 50 years | Jun 2022 | - | Director |
| Mrs Rakhi Goss-Custard | England | 50 years | Jun 2022 | - | Director |
| Mr Peter Wood | United Kingdom | 44 years | Dec 2022 | - | Director |
TRAINLINE PLC financials
Trainline Plc's latest turnover from February 2023 is £327.1 million and the company has net assets of £290.6 million. According to their latest financial statements, Trainline Plc has 912 employees and maintains cash reserves of £57.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Turnover | 327,147,000 | 188,513,000 | 67,084,000 | 260,753,000 | 209,504,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 74,923,000 | 35,717,000 | 18,408,000 | 59,602,000 | 54,059,000 |
| Gross Profit | 252,224,000 | 152,796,000 | 48,676,000 | 201,151,000 | 155,445,000 |
| Admin Expenses | 224,585,000 | 163,109,000 | 148,380,000 | 198,890,000 | 144,932,000 |
| Operating Profit | 27,639,000 | -10,313,000 | -99,704,000 | 2,261,000 | 10,513,000 |
| Interest Payable | 10,270,000 | 9,179,000 | 7,636,000 | 83,184,000 | 23,924,000 |
| Interest Receivable | 4,721,000 | 3,950,000 | 578,000 | 692,000 | |
| Pre-Tax Profit | 22,090,000 | -15,542,000 | -106,762,000 | -80,231,000 | -13,662,000 |
| Tax | -873,000 | 3,637,000 | 15,458,000 | -707,000 | -8,000 |
| Profit After Tax | 21,217,000 | -11,905,000 | -91,304,000 | -80,938,000 | -13,670,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 21,217,000 | -11,905,000 | -91,304,000 | -80,938,000 | -13,670,000 |
| Employee Costs | 104,483,000 | 72,162,000 | 60,046,000 | 66,000,000 | 51,663,000 |
| Number Of Employees | 912 | 690 | 659 | 630 | 583 |
| EBITDA* | 521,226,000 | 32,263,000 | -58,505,000 | 53,168,000 | 12,152,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 21,189,000 | 37,442,000 | 30,954,000 | 20,190,000 | 5,922,000 |
| Intangible Assets | 487,537,000 | 487,154,000 | 500,836,000 | 536,912,000 | 558,041,000 |
| Investments & Other | 26,950,000 | 0 | 0 | 6,000 | 0 |
| Debtors (Due After 1 year) | 0 | 12,565,000 | 5,083,000 | 0 | 0 |
| Total Fixed Assets | 535,676,000 | 524,596,000 | 531,790,000 | 557,102,000 | 563,963,000 |
| Stock & work in progress | 0 | 0 | 0 | 26,000 | 25,000 |
| Trade Debtors | 38,031,000 | 40,366,000 | 10,970,000 | 43,154,000 | 30,048,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 22,127,000 | 7,948,000 | 6,024,000 | 8,924,000 | 0 |
| Cash | 57,337,000 | 68,496,000 | 36,575,000 | 92,120,000 | 94,477,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 117,495,000 | 118,409,000 | 61,091,000 | 144,224,000 | 141,698,000 |
| total assets | 653,171,000 | 643,005,000 | 592,881,000 | 701,326,000 | 705,661,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 158,922,000 | 190,661,000 | 21,908,000 | 136,355,000 | 132,703,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 2,815,000 |
| hp & lease commitments | 4,523,000 | 3,489,000 | 3,336,000 | 2,389,000 | 0 |
| other current liabilities | 49,290,000 | 38,493,000 | 16,913,000 | 30,241,000 | 0 |
| total current liabilities | 212,735,000 | 232,643,000 | 42,157,000 | 168,985,000 | 165,592,000 |
| loans | 81,105,000 | 299,955,000 | 532,522,000 | 308,804,000 | 0 |
| hp & lease commitments | 10,524,000 | 15,496,000 | 18,358,000 | 12,957,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 57,385,000 | 0 | 0 | 0 | 0 |
| provisions | 778,000 | 1,746,000 | 1,700,000 | 10,052,000 | 0 |
| total long term liabilities | 149,792,000 | 150,869,000 | 267,219,000 | 159,428,000 | 303,480,000 |
| total liabilities | 362,527,000 | 383,512,000 | 309,376,000 | 328,413,000 | 469,072,000 |
| net assets | 290,644,000 | 259,493,000 | 283,505,000 | 372,913,000 | 236,589,000 |
| total shareholders funds | 290,644,000 | 259,493,000 | 283,505,000 | 372,913,000 | 236,589,000 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 27,639,000 | -10,313,000 | -99,704,000 | 2,261,000 | 10,513,000 |
| Depreciation | 6,050,000 | 5,901,000 | 4,889,000 | 4,333,000 | 1,639,000 |
| Amortisation | 487,537,000 | 36,675,000 | 36,310,000 | 46,574,000 | |
| Tax | -873,000 | 3,637,000 | 15,458,000 | -707,000 | -8,000 |
| Stock | 0 | 0 | -26,000 | 1,000 | 25,000 |
| Debtors | -721,000 | 38,802,000 | -30,001,000 | 22,030,000 | 30,048,000 |
| Creditors | -31,739,000 | 168,753,000 | -114,447,000 | 3,652,000 | 132,703,000 |
| Accruals and Deferred Income | 10,797,000 | 21,580,000 | -13,328,000 | 30,241,000 | 0 |
| Deferred Taxes & Provisions | -968,000 | 46,000 | -8,352,000 | 10,052,000 | 0 |
| Cash flow from operations | 499,164,000 | 187,477,000 | -149,147,000 | 74,375,000 | |
| Investing Activities | |||||
| capital expenditure | 0 | ||||
| Change in Investments | 26,950,000 | 0 | -6,000 | 6,000 | 0 |
| cash flow from investments | -26,950,000 | ||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -2,815,000 | 2,815,000 |
| Long term loans | -218,850,000 | -232,567,000 | 223,718,000 | 308,804,000 | 0 |
| Hire Purchase and Lease Commitments | -3,938,000 | -2,709,000 | 6,348,000 | 15,346,000 | 0 |
| other long term liabilities | 57,385,000 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -5,549,000 | -5,229,000 | -7,058,000 | -82,492,000 | |
| cash flow from financing | -161,018,000 | -252,612,000 | 224,904,000 | 456,105,000 | |
| cash and cash equivalents | |||||
| cash | -11,159,000 | 31,921,000 | -55,545,000 | -2,357,000 | 94,477,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -11,159,000 | 31,921,000 | -55,545,000 | -2,357,000 | 94,477,000 |
P&L
February 2023turnover
327.1m
+74%
operating profit
27.6m
-368%
gross margin
77.1%
-4.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
290.6m
+0.12%
total assets
653.2m
+0.02%
cash
57.3m
-0.16%
net assets
Total assets minus all liabilities
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trainline plc company details
company number
11961132
Type
Public limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
April 2019
age
5
accounts
Group
ultimate parent company
previous names
austin 2019 limited (June 2019)
incorporated
UK
address
120 holborn, london, EC1N 2TD
last accounts submitted
February 2023
trainline plc 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 2 charges/mortgages relating to trainline plc. Currently there are 1 open charges and 1 have been satisfied in the past.
trainline plc Companies House Filings - See Documents
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