How much does London Transit Limited make?

London Transit Limited reported revenue of £31.7m and a loss of £9.7m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does London Transit Limited have?

London Transit Limited reported an average of 466 employees in the year to 31 Dec 2024.

Is London Transit Limited profitable?

No — London Transit Limited reported a loss of £9.7m in the year to 31 Dec 2024.

Company No. 13557682 · Incorporated 10 Aug 2021

London Transit Limited

Registered name: LONDON TRANSIT LIMITED

Part of Firstgroup PLC group

London Transit Limited made £31.7m revenue and a £9.7m loss in the year to 31 Dec 2024. read from filing text

London Transit Limited’s revenue fell 9% to £31.7m in the year to 31 Dec 2024, with a loss of £9.7m and 466 employees. The company is classified under “other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49319Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)

Status: Active
Location: London, London
Age: 5 yrs · since 2021
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.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£31.7m

Growth ▼8.8%

Profit

−£9.7m

Growth —

Profit margin

−30.7%

Gross −3.8%

Employees

466

Change ▼13.9%

Profit / employee

−£20.9k

Revenue/employee £68k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£33.5m	£34.8m	£31.7m
Cost of sales	£37.9m	£39.6m	£32.9m
Gross profit	−£4.3m	−£4.8m	−£1.2m
Operating profit	−£8.9m	−£9.3m	−£7.1m
Profit before tax	−£9.9m	−£11.1m	−£9.7m
Profit after tax	—	—	−£9.7m
Profit (best available)	−£9.9m	−£11.1m	−£9.7m
Staff costs	£27.6m	£29.7m	£24.5m
Employees (average)	338	541	466
Ratios
Profit margin	−29.6%	−32%	−30.7%
Gross margin	−12.9%	−13.9%	−3.8%
Revenue per employee	£99.3k	£64.2k	£68k
Profit per employee	−£29.4k	−£20.5k	−£20.9k
Growth (year on year)
Revenue growth	—	—	▼8.8%
Headcount growth	—	—	▼13.9%
Balance sheet — indirect signals, not revenue
Cash at bank	—	£0	£176k
Net assets	−£9.6m	−£21.1m	−£30.7m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −30.7%; Profit ÷ revenue.
Gross margin: −3.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £68k; Revenue ÷ average employees.
Profit per employee: −£20.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now −£30.7m
Cash at bank: —; Now £176k
Headcount: ▼14%; Now 466
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Firstgroup PLCultimate parent75–100%
First Bus Holdings Limited75–100%
First Bus London Limited75–100%
London Transit Limitedthis company

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

Sister companies (2)

London United Busways LimitedRev. £192m · Profit −£20.7m
London Sovereign LimitedRev. £58.1m · Profit −£5.5m

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 Dec 2024 (profit −£9.7m), from the Companies House accounts bulk data published Sep 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.