Accounts to March 2025 · Single company accounts · Filed November 2025

Avanti West Coast: who owns it, who runs it and what the accounts show

First Trenitalia West Coast Rail Limited's person with significant control on the Companies House register is First Rail Holdings Limited. In the year to March 2025 First Trenitalia West Coast Rail Limited reported turnover of £1,016m.

£1,016m
Turnover, down 0.4%
£13m
Pre-tax profit
3,360
Employees
Deep dive · What story does the money tell?How does Avanti West Coast really make its money? Inside its 2024/25 accountsRead the full story, line by line from the accounts →
Registered name
FIRST TRENITALIA WEST COAST RAIL LIMITED
Company number
10349442
Status
Active
Incorporated
27 August 2016
Registered office area
Birmingham
Industry code on the register
49100: Land transport and transport via pipelines
Accounts
Single company accounts, this company only
Accounts type
Full accounts
Latest accounts
Year to March 2025, filed 24 November 2025

What does Avanti West Coast do?

Avanti West Coast runs intercity passenger trains on the West Coast Main Line, linking London Euston with the West Midlands, the North West, North Wales and Scotland. It operates under a contract with the government, which takes the fare income and pays the operator a fee to run the service. The company was formed by FirstGroup and Trenitalia and took over the route from Virgin Trains in December 2019.

In brief: intercity rail operator · West Coast Main Line · government rail contract · London Euston

Source: Spark Intel editorial, checked 24 September 2026. Official website: avantiwestcoast.co.uk.

Who owns Avanti West Coast?

First Trenitalia West Coast Rail Limited
Avanti West Coast · company 10349442
First Rail Holdings Limited
Company

The Companies House register records First Rail Holdings Limited as the person with significant control of First Trenitalia West Coast Rail Limited, company number 10349442. First Rail Holdings Limited is itself company number 05154485.

That places First Trenitalia West Coast Rail Limited inside a larger group. The accounts on this page are the company's own, not the wider group's.

The full ownership record is on the Companies House register. Control is given in the bands the register uses, not as exact shareholdings.

Who runs Avanti West Coast?

The Companies House register lists 7 current officers for First Trenitalia West Coast Rail Limited.

All 7 current officers
OfficerAppointed
Ernesto Sicilia2 November 2016
Michael John Nelson1 June 2020
Shamit Weinberger Gaiger25 July 2022
Bernardo Tonini3 October 2022
Andrew John Mellors20 March 2023
Carolann James30 June 2025
Dr Benjamin John Caswell3 May 2026

Every current officer, with appointment dates, is on the Companies House register.

What did Avanti West Coast file?

First Trenitalia West Coast Rail Limited reported turnover of £1,016m in the year to March 2025. That was down 0.4% on £1,019m the year before.

It reported 3,360 employees. The year before it reported 3,296.

It filed a pre-tax profit of £13m for the year, against a pre-tax profit of £12m the year before.

Staff costs came to £230m. That is an average of £68,000 a head. It ended the year with £47m at the bank and net assets of £9m. It paid dividends of £11m.

Mar 2025£22.64£75.91£1.24 profit
Mar 2024£20.63£78.16£1.21 profit
Where each £100 of turnover goes: payroll (staff costs), other costs and pre-tax profit. Hover over a segment for its figure.
MeasureMar 2025Mar 2024
Turnover£1,016m£1,019m
Pre-tax profit£13m (filed)£12m (filed)
Employees3,3603,296
Staff costs£230m£210m
Average staff cost per head£68,000£64,000
Bank and cash£47m£76m
Net assets£9m£11m
Dividends paid£11m£8m
Interest paid£2m
Directors' pay£1.0m

Read the accounts to March 2025 (PDF, Companies House) · every accounts filing

How Avanti West Coast compares

Avanti West Coast files as First Trenitalia West Coast Rail Limited, whose person with significant control is First Rail Holdings Limited, with turnover of £1,016m in its latest filed year.

Questions about Avanti West Coast

What does Avanti West Coast do?

Avanti West Coast runs intercity passenger trains on the West Coast Main Line, linking London Euston with the West Midlands, the North West, North Wales and Scotland. It operates under a contract with the government, which takes the fare income and pays the operator a fee to run the service. The company was formed by FirstGroup and Trenitalia and took over the route from Virgin Trains in December 2019.

Who owns Avanti West Coast?

The Companies House register records First Rail Holdings Limited as the person with significant control of First Trenitalia West Coast Rail Limited.

How much does Avanti West Coast make?

First Trenitalia West Coast Rail Limited reported turnover of £1,016m in the year to March 2025. It filed a pre-tax profit of £13m.

How many people work at Avanti West Coast?

First Trenitalia West Coast Rail Limited reported 3,360 employees in the year to March 2025.

Who runs Avanti West Coast?

The Companies House register lists 7 current officers for First Trenitalia West Coast Rail Limited. The full list, with appointment dates, is on the Companies House register.

  • Figures come from First Trenitalia West Coast Rail Limited's filings at Companies House, company number 10349442, for the period shown at the top of the page.
  • These are single company accounts: they cover this company alone, not any wider group.
  • Pre-tax profit is the figure the company filed, for both years.
  • A figure the filing does not disclose is shown as n/d. A zero in the filing is treated as not disclosed, never as nil.
  • Rounding: below £0.1m in thousands, from £0.1m to £2m to one decimal place, from £2m to the nearest million.
  • Ownership is shown in the control bands the register of people with significant control uses, not as exact shareholdings.
  • Officers' names and appointment dates come from the Companies House register. Job titles come from the company's own website. The description of what the company does comes from its website, or is marked Spark Intel editorial where it is written from stable, checked facts, with the date either way.

Spark Intel, “Avanti West Coast: who owns it, who runs it and what the accounts show”, updated 28 September 2026. https://www.spark-intel.co.uk/companies/avanti-west-coast/. Figures from Companies House filings for FIRST TRENITALIA WEST COAST RAIL LIMITED (10349442).

Spark Intel · Company Profiles · Figures rounded to protect precision of source filings