Dft Operator Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 2010Private Limited Company
Financial position
Accounts to 2026-03-31 · GBP · Group accounts
Net assets
£233,814,000
Cash
£561,056,000
Turnover
£5,710,073,000
Profit / loss
£31,192,000
Current assets
£1,290,767,000
Creditors < 1 year
£1,850,483,000
Equity
£233,814,000
Average employees
25,915
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2026-03-3112 months · Group · AI-read | 2025-03-31Group · AI-read | 2024-04-01Group · AI-read | 2017-01-31 | 2016-01-31 | 2015-01-31 |
|---|---|---|---|---|---|---|
| Balance sheet | ||||||
| Net assets | £233,814,000 | £193,298,000 | £173,042,000 | £1 | £1 | £1 |
| Equity | £233,814,000 | £193,298,000 | £173,042,000 | £1 | £1 | £1 |
| Retained earnings | £208,621,000 | £177,089,000 | £156,942,000 | — | — | — |
| Assets | ||||||
| Fixed assets | £1,660,370,000 | £1,094,315,000 | £820,541,000 | — | — | — |
| Intangible assets | £14,934,000 | £11,337,000 | — | — | — | — |
| Property, plant & equipment | £213,935,000 | £157,447,000 | £164,802,000 | — | — | — |
| Investments | £601,000 | — | — | — | — | — |
| Current assets | £1,290,767,000 | £818,020,000 | £753,318,000 | — | — | — |
| Cash at bank | £561,056,000 | £415,578,000 | £350,144,000 | — | — | — |
| Debtors | — | £387,609,000 | £388,213,000 | — | — | — |
| Stock | £25,975,000 | £14,833,000 | — | — | — | — |
| Liabilities | ||||||
| Creditors | £2,717,323,000 | £1,719,037,000 | £1,400,817,000 | — | — | — |
| Creditors within one year | £1,850,483,000 | £1,101,136,000 | £1,049,459,000 | — | — | — |
| Creditors after one year | £866,840,000 | £617,901,000 | £351,358,000 | — | — | — |
| Net current assets | −£559,716,000 | −£283,116,000 | −£296,141,000 | — | — | — |
| Assets less current liabilities | £2,951,137,000 | £1,912,335,000 | £1,573,859,000 | — | — | — |
| Profit & loss | ||||||
| Turnover | £5,710,073,000 | £3,845,060,000 | — | — | — | — |
| Other operating income | £62,932,000 | £66,408,000 | — | — | — | — |
| Operating profit | £94,257,000 | £45,928,000 | — | — | — | — |
| Interest receivable | £9,471,000 | £10,946,000 | — | — | — | — |
| Interest payable | £62,035,000 | £27,909,000 | — | — | — | — |
| Profit before tax | £41,954,000 | £28,965,000 | — | — | — | — |
| Tax | £10,570,000 | £8,003,000 | — | — | — | — |
| Profit / loss | £31,192,000 | £20,165,000 | — | — | — | — |
| Operating costs | ||||||
| Depreciation | £35,293,000 | — | — | — | — | — |
| Audit fees | £179,000 | £174,000 | — | — | — | — |
| People & pay | ||||||
| Average employees | 25,915 | 17,449 | — | — | — | — |
| Staff costs | £1,662,013,000 | £1,041,355,000 | — | — | — | — |
| Wages & salaries | £1,403,833,000 | £899,611,000 | — | — | — | — |
| Social security costs | £172,724,000 | £92,206,000 | — | — | — | — |
| Pension costs | £85,456,000 | £49,538,000 | — | — | — | — |
| Directors' remuneration | £930,000 | £729,000 | — | — | — | — |
| Highest paid director | £318,000 | £244,000 | — | — | — | — |
| Source evidence | View filing | View filing | View filing | View filing | View filing | View filing |
From the accounts
What the accounts for 2026-03-31 say about themselves, read by AI from the scanned filing.
- Comparatives
- Prior-year figures were restated
- What it does
- railway operations · long-distance operations · regional operations · commuter operations · passenger services (AI keywords)
- The year
- DFTO TOCs continued to operate in a range of markets and service types, including long-distance, regional and commuter operations, while contributing to the wider development of a more integrated publicly owned railway.
- Auditor
- National Audit Office · senior statutory auditor Alexander Macnab
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Secretary of State for Transport
- Ultimate parent
- Secretary of State for Transport
- Ultimate controlling party
- Secretary of State for Transport
- Accounts
- IFRS
- Approved
- 2026-07-07, signed by Richard Harrison
Related parties (4)
- subsidiaries · subsidiaries · management and legal recharges · £6,126k
- subsidiaries · subsidiaries · interest charged on intercompany loans · £672k
- Company · subsidiaries · amount owed to the Company by subsidiaries, of which £46,000k relates to loans made to subsidiaries · £48,840k
- subsidiaries · subsidiaries · amount owed by the Company to subsidiaries · £749k
Associates & joint ventures (1)
- equity accounted investees · associate
Principal risks (4)
- complex and evolving rail environment
- growing responsibilities as the owning group for publicly owned TOCs
- supporting wider rail reform
- transition towards GBR
Events after the year end (1)
- On 31 May 2026, the operation of all Greater Thameslink Railway services transferred from Govia Thameslink Railway Limited to Thameslink Southern Great Northern Limited (“TSGN”), a DFTO subsidiary.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.