NEW COLLEGE WORCESTER
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Cash
£2.5m
+9.7% highest in 3 filed years
Net assets
£15m
-10.7% lowest in 3 filed years
Employees
151
-11.2% lowest in 3 filed years
Profit before tax
—
Period ending 2025-08-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
With current student numbers the College Cash Flow remains positive until May 2027 with the further option of selling additional land and buildings to extend positive cash flow into FY2028/29, whilst work to increase student numbers continue. Due to lower-than-expected student numbers for FY2025/26, the Governing Body instigated a Merger, Acquisition & Sales process to find a suitable partner to secure the long-term future.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £5,868,331 | £6,407,994 | £5,503,130 | -14.1% | |
| Operating profit | -£100,262 | £1,093,542 | -£1,193,143 | -209.1% | |
| Profit before tax | -£49,833 | £1,093,542 | — | — | |
| Net profit | -£49,833 | £1,095,830 | -£1,193,143 | -208.9% | |
| Cash | £1,856,918 | £2,254,009 | £2,471,751 | +9.7% | |
| Total assets less current liabilities | £16,674,051 | £17,720,022 | £16,472,157 | -7% | |
| Net assets | £16,169,200 | £17,249,742 | £15,411,599 | -10.7% | |
| Equity | £16,169,200 | £17,249,742 | £15,411,599 | -10.7% | |
| Average employees | 162 | 170 | 151 | -11.2% | |
| Wages | £3,737,759 | £4,466,573 | £4,362,290 | -2.3% | |
| Directors' remuneration | £100,409 | £108,271 | £115,902 | +7% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-08-31 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | -1.7% | 17.1% | -21.7% | |
| Net margin | -0.8% | 17.1% | -21.7% | |
| Return on capital employed | -0.6% | 6.2% | -7.2% | |
| Gearing (liabilities / total assets) | 8.2% | 12.3% | 15.6% | |
| Current ratio | 2.01x | 1.95x | 1.57x | |
| Interest cover | -3.51x | 34.92x | -47.28x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Kendall Wadley LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“With current student numbers the College Cash Flow remains positive until May 2027 with the further option of selling additional land and buildings to extend positive cash flow into FY2028/29, whilst work to increase student numbers continue. Due to lower-than-expected student numbers for FY2025/26, the Governing Body instigated a Merger, Acquisition & Sales process to find a suitable partner to secure the long-term future.”
Significant events
- “Concluded Phase One of NCW Business Repositioning Plan (BRP) involving residential staff restructuring, non-teaching staff reductions and pension restructuring.”
- “Launched four strategic workstreams focused on Future Vision, Estates, Strategic Governance, and Income Growth (Phase 2 of BRP).”
- “Approved four specific recommendations for Future Vision and Income Growth at Trustee Governor Conference in May 2025.”
- “Implementation of Spring 2024 External Governance Review recommendations.”
- “Ofsted education Inspection in November 2024 graded five judgement areas Good or Outstanding.”
- “Four Trustee/Governors stepped down during 2024/2025; recruitment for vacant roles commenced in summer 2025.”
- “Due to lower-than-expected student numbers for FY2025/26, the Governing Body decided to instigate a Merger, Acquisition & Sales (MA&S) process.”
- “As of April 2026, the MA&S program concluded and New College Worcester will transfer to Aequalis Education Trust (AET) as sole member.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
15 active · 55 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOROM, Simon Michael | Secretary | 2023-03-13 | — | — |
| BYWATER, Lyndall Patricia | Director | 2026-06-24 | Mar 1974 | British |
| CARVALHO, Cailean | Director | 2026-04-02 | Jun 1987 | British |
| CLARK, Chris | Director | 2024-11-21 | Dec 1982 | British |
| DYSON, Pat | Director | 2023-09-25 | Feb 1954 | British |
| GORICK, Katharine Jane | Director | 2023-09-25 | Jun 1963 | British |
| LAMB, Matthew, Dr | Director | 2026-04-02 | Nov 1970 | British |
| LAWRENCE, Timothy Peter | Director | 2022-05-25 | Aug 1959 | British |
| MAURO-BRACKEN, Lisa | Director | 2023-09-25 | Aug 1966 | British |
| MORRIS, Linda, Lady | Director | 2021-07-07 | Aug 1954 | British |
| PERKS, Rachel | Director | 2022-09-01 | Jun 1974 | British |
| SIMKISS, Philippa Ann, Dr | Director | 2019-10-16 | Feb 1964 | British |
| SWEENEY, Sian | Director | 2024-11-21 | Apr 1967 | British |
| TYLER, Stephen Andrew | Director | 2014-04-03 | Nov 1966 | British |
| WILLIAMS, Emma Ashby | Director | 2023-10-01 | Dec 1978 | British |
Show 55 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DARLING, David Geoffrey | Secretary | 2016-01-01 | 2017-12-30 |
| HONEYMAN, Ian | Secretary | 2007-01-15 | 2012-11-14 |
| PRATT, Louise Jane | Secretary | 2018-05-15 | 2023-09-25 |
| TAYLOR, Ruth Elizabeth | Secretary | 2012-11-14 | 2015-11-12 |
| AYRES, Susan Mary | Director | 2014-07-17 | 2022-08-31 |
| BANNISTER, Sandra | Director | 2013-12-20 | 2023-09-25 |
| BAXTER, Colin Robert | Director | 2009-07-07 | 2013-07-24 |
| BEEVERS, Colin Lionel, Rev Preb Dr | Director | 2007-10-16 | 2012-01-24 |
| BORTHWICK, Stephen Robert | Director | 2013-03-27 | 2017-03-22 |
| BRODRICK, Alan Gordon | Director | 2007-04-17 | 2010-09-24 |
| CADBURY, David Peter | Director | 2007-04-17 | 2012-01-24 |
| CAMPBELL, Brian Guy | Director | 2007-01-26 | 2012-01-24 |
| CHAPMAN, Elizabeth Kate | Director | 2007-01-26 | 2007-07-16 |
| CLARICOAT, John | Director | 2007-01-26 | 2009-07-07 |
| COBB, Rory Alan | Director | 2017-01-09 | 2019-04-01 |
| DAVIE, Edward | Director | 2007-01-15 | 2012-01-24 |
| DAVIS, Jacqueline Ann | Director | 2011-06-14 | 2017-10-18 |
| DREDGE, Robert | Director | 2017-09-26 | 2018-05-31 |
| DRISCOLL, Simon Peter | Director | 2018-11-12 | 2019-07-08 |
| DUFFY, Noel Patrick | Director | 2019-10-16 | 2023-09-25 |
| EDWARDS, John | Director | 2014-07-16 | 2015-06-11 |
| FELL, Ian | Director | 2007-01-15 | 2010-07-02 |
| FERNANDEZ MUNOZ, Jesus | Director | 2019-10-16 | 2023-04-17 |
| FULBROOK, Diana Margaret | Director | 2009-01-27 | 2023-09-25 |
| GASSER, Robert Paul Holland, Dr | Director | 2011-03-15 | 2015-07-17 |
| GODFREY, Robert William | Director | 2018-12-12 | 2021-12-02 |
| GUY, Loraine Lowe | Director | 2014-07-17 | 2017-05-31 |
| HAINES, Patricia Ellen | Director | 2013-12-20 | 2016-10-19 |
| HAINES, Patricia Ellen | Director | 2012-07-03 | 2013-12-20 |
| HARRINGTON, Brian Patrick | Director | 2013-12-20 | 2019-07-10 |
| HOLLYMAN, Julie Anne, Dr | Director | 2008-04-22 | 2014-07-17 |
| HOLYOAK, Karen Jane | Director | 2016-07-19 | 2021-07-07 |
| HUDSON, Michael | Director | 2022-03-30 | 2022-08-31 |
| JARVIS, John Edmund Frederick | Director | 2014-04-03 | 2017-02-24 |
| JOHNSON, Helen Tanya | Director | 2021-12-08 | 2022-02-08 |
| KEIL, Susan Lesley | Director | 2018-03-21 | 2019-04-03 |
| LITTLE, Elizabeth | Director | 2012-01-24 | 2013-07-24 |
| LOCK, Susan | Director | 2021-07-07 | 2023-09-25 |
| MACKENZIE, Philip Roy | Director | 2018-12-12 | 2019-07-08 |
| NORMANTON ERRY, Jeanette Margaret, Dr | Director | 2012-01-24 | 2016-03-16 |
| O'DONOGHUE, Gary Neil | Director | 2010-03-23 | 2014-07-17 |
| ORAM, Edwin, Dr | Director | 2008-01-22 | 2012-01-24 |
| PAUL, Iain Alistair | Director | 2008-07-07 | 2023-09-25 |
| PRICE, Adrian Stephen | Director | 2023-09-25 | 2025-07-04 |
| ROSS, Nicola | Director | 2017-01-01 | 2022-08-31 |
| ROUGHAN, Michael Gerard | Director | 2010-09-21 | 2014-04-02 |
| ROWLEY, John Patrick Brooke | Director | 2013-03-27 | 2013-07-16 |
| RUSSELL, Mary Elizabeth | Director | 2018-07-11 | 2024-11-25 |
| SMITH, Mardy | Director | 2012-01-24 | 2016-12-31 |
| SMITH, Tracey Marie | Director | 2017-01-18 | 2024-11-25 |
| STEWART-BARRITT, Lorna Eilidh | Director | 2023-09-25 | 2024-11-25 |
| TANVIR, Aslam | Director | 2017-01-13 | 2018-05-31 |
| TOMBS, David Arnold | Director | 2007-01-26 | 2013-12-31 |
| WILLIAMS, Emma Ashby | Director | 2023-09-25 | 2023-09-30 |
| WRIGHT, Grace Elizabeth | Director | 2020-12-09 | 2022-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aequalis Education Trust | Corporate entity | Voting 75–100%, Appoints directors | 2026-06-15 | Active |
Filing timeline
Last 20 of 199 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-26 MA Memorandum articles
- 2026-06-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2026-06-26 | MA | incorporation | Memorandum articles | |
| 2026-06-26 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-01 | AA | accounts | Accounts with accounts type full | |
| 2026-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-22 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.