LONDON UNITED BUSWAYS LIMITED
Company number 02328561 · Monitor this company
Executive summary
London United Busways is technically insolvent with deeply negative shareholders' funds, but the recent acquisition by FirstGroup plc provides essential financial life-support. While the company is still bleeding operating losses, the rate of hemorrhage has slowed significantly in 2024, with cash generated from operations returning to positive territory. The long-term prognosis depends heavily on FirstGroup restructuring the balance sheet and management successfully delivering on higher-margin route contracts to cure the ongoing operating losses.
Shareholders' funds
-£66,966
Balance sheet as at 2023-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1988-12-14
- Employees
- 2652 (2023 accounts)
- Registered office
- Garrick House, Stamford Brook Bus Garage, 74, Chiswick High Road, London, England, W4 1SY
- Postcode
- W4 1SY
- Capital
- 7 GBP
- Accounts category
- Full
- Charges
- 5 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-01-03
- Next due by
- 2027-01-17
Nature of business (SIC)
- 49319 Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
Officers 6 current · 71 resigned
Group structure 1 subsidiary
Controlled by FIRST BUS LONDON LIMITED — since 2021-12-11
Controlled by RATP DEV UK LTD — since 2016-04-06
From persons-with-significant-control filings on the public register.
Public contracts won 2
£9,295,432 total awarded value where published.
Contains public sector information licensed under the Open Government Licence v3.0 (Contracts Finder).
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Modern slavery statement
Registered a modern slavery statement for 2025 (period to 2025-02-28) as part of the FIRST BUS LONDON LIMITED group statement — 5 years on the registry.
Read the statement summary on the government modern slavery statement registry. Contains public sector information licensed under the Open Government Licence v3.0.
Data protection registration
Registered with the ICO as a data protection fee payer — Z5663291 (Tier 3), registered since 2001.
Information Commissioner's Office register of fee payers, licensed under the Open Government Licence.
Gender pay gap
0.6%
Women's median hourly pay below men's, 2025/26 · in the top quarter for parity
Previous registered addresses 4
| Address | Changed on |
|---|---|
| WELLINGTON ROAD, TWICKENHAM, MIDDLESEX, TW2 5NX | 2009-11-02 |
| CARDINAL HOUSE, NORTHFIELDS AVENUE, LONDON, W5 4UB | 1989-06-05 |
| 172 BUCKINGHAM PALACE ROAD, LONDON SW1W 9TN | 1989-04-20 |
| 172 BUCKINGHAM PALACE ROAD, LONDON SW1W 9TN | 1989-04-20 |
Among its peers
The largest employer
of 11 similar companies in W, with 2652 staff. Among the oldest 25% of its local peers.
Competitors London
-
3. XEDO LTD
This company ranks 20 among other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) in London.
The class of 1988
51%
of the 20,915 companies incorporated in 1988 are still active today; 43% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 12 titles
- Freehold
- 3
- Leasehold
- 9
- Most recent registration
- 2025-02-27
- Where
- Greater London (12)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| AGL426496 | Greater London | Leasehold | 2025-02-27 | — |
| AGL509793 | Greater London | Leasehold | 2025-02-27 | — |
| AGL620566 | Greater London | Leasehold | 2024-04-22 | — |
| AGL602460 | Greater London | Leasehold | 2023-08-07 | — |
| AGL528835 | Greater London | Leasehold | 2021-03-23 | — |
| AGL390495 | Greater London | Leasehold | 2016-09-29 | — |
| AGL367691 | Greater London | Leasehold | 2016-02-10 | — |
| AGL51336 | Greater London | Leasehold | 1996-04-19 | — |
| BGL11705 | Greater London | Leasehold | 1994-10-18 | — |
| TGL101715 | Greater London | Freehold | 1994-09-23 | — |
| AGL40777 | Greater London | Freehold | 1994-03-30 | — |
| AGL40738 | Greater London | Freehold | 1994-03-29 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.