How much does Mid-Hants Railway Limited make?

Mid-Hants Railway Limited reported revenue of £3.4m and a loss of £683k in the year to 31 Mar 2025, according to its accounts filed at Companies House.

How many employees does Mid-Hants Railway Limited have?

Mid-Hants Railway Limited reported an average of 50 employees in the year to 31 Mar 2025.

Is Mid-Hants Railway Limited profitable?

No — Mid-Hants Railway Limited reported a loss of £683k in the year to 31 Mar 2025.

Company No. 01117090 · Incorporated 6 Jun 1973

Mid-Hants Railway Limited

Registered name: MID-HANTS RAILWAY LIMITED

Part of Watercress Line Heritage Railway Trust Limited group

Mid-Hants Railway Limited made £3.4m revenue and a £683k loss in the year to 31 Mar 2025. read from filing text

Mid-Hants Railway Limited’s revenue grew 21% to £3.4m in the year to 31 Mar 2025, with a loss of £683k and 50 employees. The company is classified under “other business support service activities” and is based in Hampshire; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Hampshire, South East
Age: 53 yrs · since 1973
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The ultimate parent company is Watercress Line Heritage Railway Trust Limited, a registered charity and company registered in England and Wales, which holds 100% of the equity dividend shares and 55.0”

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£3.4m

Growth ▲20.8%

Profit

−£683k

Growth —

Profit margin

−20.2%

Gross 51%

Employees

Change ▲11.1%

Profit / employee

−£13.7k

Revenue/employee £67.7k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£2.3m	£2.4m	£2.8m	£3.4m
Cost of sales	£1.7m	£1.5m	£1.5m	£1.7m
Gross profit	£661k	£913k	£1.3m	£1.7m
Operating profit	£176k	−£625k	−£464k	−£638k
Profit before tax	£145k	−£671k	−£518k	−£685k
Profit after tax	£111k	−£687k	−£411k	−£683k
Profit (best available)	£111k	−£687k	−£411k	−£683k
Employees (average)	45	45	45	50
Ratios
Profit margin	4.8%	−28.6%	−14.7%	−20.2%
Gross margin	28.4%	38%	47.3%	51%
Revenue per employee	£51.7k	£53.4k	£62.3k	£67.7k
Profit per employee	£2.5k	−£15.3k	−£9.1k	−£13.7k
Growth (year on year)
Revenue growth	—	—	▲16.6%	▲20.8%
Headcount growth	—	—	0%	▲11.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£482k	£210k	£3.9k	£2.5k
Net assets	£4.9m	£4.2m	£3.8m	£3.1m
Fixed assets	£6.1m	£5.5m	£5.3m	£4.6m
Current assets	£995k	£641k	£368k	£355k
Debtors	£7.2k	£3.6k	£22.7k	£83.2k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	FullAccounts · bulk data Feb 2025	FullAccounts · bulk data Dec 2025

Derived from the latest filing

How the business works

Profit margin: −20.2%; Profit ÷ revenue.
Gross margin: 51%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £67.7k; Revenue ÷ average employees.
Profit per employee: −£13.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 135.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼18%; Now £3.1m
Cash at bank: ▼38%; Now £2.5k
Headcount: ▲11%; Now 50
Deferred income: —; Now —
Fixed assets: ▼14%; Now £4.6m

Corporate ownership

Group structure

Ownership chain

Watercress Line Heritage Railway Trust Limitedultimate parent50–75%
Mid-Hants Railway Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£683k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.