Investment case

Go-Ahead is one of the UK's leading public transport providers

Go-Ahead is one of the UK's leading public transport providers enabling more than a billion journeys each year on our bus and rail services. At Go-Ahead we place great importance on partnership, adopting a collaborative approach with governments, local communities and strategic partners; developing and operating services that create long term value for all of us.

Read our investor introduction presentation

Stable cash generative UK bus business

  • Well established regional bus operator with a focus on urban areas with prospects for growth
  • Largest bus operator in London with strategically located depots providing competitive advantage
  • Efficient operations supported by consistent investment in high quality fleet
  • Good cash generation in both regional and London bus businesses


regional bus revenue
(2018: £383.7)


London bus revenue
(2018: £550.5) 

Extensive UK rail expertise

  • Leading change and transformation as the operator of the UK’s busiest rail franchises
  • Track record of UK rail franchises contributing to Group profits and cashflows
  • Low levels of capital deployment


rail revenue (2018: £2,527.3)

Growing international operations

  • Clear and disciplined strategy for low risk international diversification
  • Ten international contracts won to date in five countries
  • Strong pipeline of opportunities in targeted markets
  • Target to deliver 15–20% of Group operating profits from international activities by 2022


new international contracts to date


annualised revenue secured on international contracts

Devolved customer focused management and engaged colleagues

  • Autonomous local management teams embedded in their local communities to optimise performance and service
  • Award winning customer service with an industry leading regional bus customer satisfaction score
  • Playing a key role in the communities we serve by supporting local economies enabling access to work, education, leisure and retail
  • Our inclusive culture empowers our people to be accountable for delivering excellent customer service


highest ever passenger satisfaction score

Focus on sustainability

  • Addressing socio-economic dynamics impacting public transport
  • Continued innovation and deployment of technology to make passenger transport easier and more efficient
  • Committed to reducing our impact on climate change and improving the environment and air quality
  • Focus on remaining a sustainable and responsible business


community investment annually

Strong financial profile

  • Robust balance sheet with low levels of net debt
  • Disciplined approach to capital allocation and risk management
  • Committed to paying an attractive dividend, having never reduced it