LONDON GRID FOR LEARNING TRUST

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +5.5%

  £21,408,000 → £22,590,000

• Cash

  -24.9%

  £4,648,000 → £3,491,000

  lowest in 4 filed years

• Net assets

  +119.1%

  £2,533,000 → £5,549,000

  highest in 4 filed years

• Employees

  0%

  43 → 43

• Wages

  +4.3%

  £2,739,000 → £2,858,000

  highest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees deem that LGfL is a Going Concern based on the content on the financial statements. Key financial indicators are positive. Net assets have increased. Profitability has increased. Revenues have risen and operating expenditure has fallen. Whilst there has been a negative movement in Net Current Assets (NCA) this is the result of planned strategic investments and the financial position will improve over the medium term.”

Group structure

1. LONDON GRID FOR LEARNING TRUST · parent
   1. London Grid Limited 1% · England · Dormant
   2. Let's Get Digital Limited 1% · England · not yet begun trading

Significant events

• “The worldwide COVID pandemic severely disrupted the global economy. Massive public borrowing and spending continues to negatively impact the economic outlook with underlying inflationary pressures driving up costs for all suppliers. LGfL has taken steps to increase resilience against a future COVID-19 event and related supply dysfunction by diversifying its partners and broadening the range of products available to meet' service needs and adopting a conscious strategic move away from supplier monopolies along with working to ensure greater self-sufficiency in key functions and services.”
• “The continuing uncertainty with respect to the UK's trading arrangements with the rest of the world remains a concern with no obvious resolution in sight.”
• “Market threats: LGfL needs to ensure that it continually innovates its products and services to ensure they remain competitive and offer value for money.”
• “Managing inflationary pressures: Inflation has been volatile and remains high. This has been due to a wide variety of events including higher energy costs, the war in the Ukraine along with US policy shifts.”
• “DISASTER RECOVERY PLANNING AND SIMULATION: There is significant and heightened risk of disruption to services caused by a range of underlying challenges including cyberthreats and global economic instability.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.