OPEN AWARDS

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  -13.5%

  £2,981,975 → £2,577,982

• Cash

  -1.2%

  £1,367,554 → £1,351,508

• Net assets

  +3%

  £4,564,468 → £4,699,917

• Employees

  -19.6%

  56 → 45

• Operating profit

  +150.7%

  -£88,941 → £45,055

• Wages

  -11.2%

  £1,700,987 → £1,510,906

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.

1. OPEN AWARDS 2017-08-02 → present
2. OPEN COLLEGE NETWORK NORTH WEST REGION 2005-05-25 → 2017-08-02

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

DSG Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Auditors and Trustees are happy that there are no uncertainties about Open Awards continuing as a going concern. In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. OPEN AWARDS · parent
   1. Maxam Training Limited 100% · England and Wales · Provision of further education teaching and assessor qualifications

Significant events

• “This year we delivered an Ofqual designated high risk qualification in Maritime studies.”
• “Open Awards registered 38,193 learners within the year and 19,427 learners were certificated within this period achieving full qualifications or specific units.”
• “66 apprentices underwent their End Point Assessment with us and 194 learners undertook their Level 3 Pharmacy Integrated Standard.”
• “Open Awards supported 496 providers across all our provision.”
• “The attendance at the AI in Education Summit held in October 2024 was good.”
• “Meetings with providers by the Chief Executive and members of the Senior Management Team continued particularly to develop the new Strategic Plan for 2025-2028.”
• “Functional Skills financial performance improved throughout the year.”
• “Qualification registration income was up by 14% on the previous year with Skills for Further Learning and Employment qualifications remaining as our most popular suite.”
• “Apprenticeship services will be significantly remodelled over the next twelve months due to government reforms.”
• “Development of reformed qualifications for the new Welsh 16-19 continued in the year with Open Awards gaining Recognition from Qualification Wales to allow us to proceed.”
• “Significant investment will be made into this exciting development during the next financial year. The use of funding from reserves designated for this purpose means that Open Awards Trustees agreed a deficit operational budget.”
• “Learner registrations were 38,193 an increase of nearly 5,000 from the previous financial year.”
• “A number of Open Awards Trustees retired in June 2025 and recruitment took place to recruit replacements.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

6

last 12 months

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