LEARNDIRECT LIMITED
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Next accounts due
2026-07-21 (in 2mo)
Last filed for 2024-04-30
Confirmation statement due
2027-01-06 (in 8mo)
Last made up 2025-12-23
Watchouts
None on the register
Cash
£1M
-70.1% lowest in 4 filed years
Net assets
£3M
-35.4% lowest in 4 filed years
Employees
91
-2.2% vs 2023
Profit before tax
£6M
+224.5% highest in 4 filed years
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-04-30
| Metric | Trend | 2019-04-28 | 2020-04-28 | 2021-04-30 | 2021-05-01 | 2022-04-30 | 2023-04-30 | 2024-04-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £15,641,596 | — | £16,557,895 | £23,577,951 | £25,289,070 | |
| Operating profit | — | — | £4,358,392 | — | £3,577,460 | -£5,153,214 | £2,415,374 | |
| Profit before tax | — | — | £5,290,113 | — | £3,577,460 | -£5,144,025 | £6,403,442 | |
| Net profit | — | — | £5,005,352 | — | £3,221,005 | -£4,638,549 | £6,377,402 | |
| Cash | — | — | £3,176,924 | — | £2,601,491 | £3,366,801 | £1,005,820 | |
| Total assets less current liabilities | — | — | £12,414,243 | — | £9,563,257 | £4,811,708 | £3,109,777 | |
| Net assets | — | — | £12,414,243 | — | £9,450,257 | £4,811,708 | £3,109,777 | |
| Equity | £6,174,913 | £7,408,891 | £12,414,243 | £12,414,243 | £9,450,257 | £4,811,708 | £3,109,777 | |
| Average employees | — | — | 40 | — | 64 | 93 | 91 | |
| Wages | — | — | £3,226,971 | — | £1,874,627 | £3,020,869 | £3,815,562 | |
| Directors' remuneration | — | — | £315,395 | — | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-04-30 vs 2023-04-30
-
Turnover
+7.3%
£23,577,951 £25,289,070
highest in 4 filed years
-
Cash
-70.1%
£3,366,801 £1,005,820
lowest in 4 filed years
-
Net assets
-35.4%
£4,811,708 £3,109,777
lowest in 4 filed years
-
Employees
-2.2%
93 91
-
Operating profit
+146.9%
-£5,153,214 £2,415,374
first positive since 2023
-
Profit before tax
+224.5%
-£5,144,025 £6,403,442
highest in 4 filed years
-
Wages
+26.3%
£3,020,869 £3,815,562
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-04-28 | 2020-04-28 | 2021-04-30 | 2021-05-01 | 2022-04-30 | 2023-04-30 | 2024-04-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 27.9% | — | 21.6% | -21.9% | 9.6% | |
| Net margin | — | — | 32.0% | — | 19.5% | -19.7% | 25.2% | |
| Return on capital employed | — | — | 35.1% | — | 37.4% | -107.1% | 77.7% | |
| Current ratio | — | — | — | — | — | 0.83x | 0.78x | |
| Interest cover | — | — | 2021.52x | — | — | — | 24.51x |
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.
Name history
Renamed 1 time since incorporation
- LEARNDIRECT LIMITED 2020-02-28 → present
- STONEBRIDGE COLLEGES (PUBLISHING) LIMITED 2008-12-23 → 2020-02-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group and Company directors, its principal shareholders and its debt finance provider are comfortable that the group is liquid, able to meet commercial and bank debt service commitments for the next twelve months and is operating as a going concern, with sufficient reserves of funding available.”
Group structure
- LEARNDIRECT LIMITED · parent
- Stonebridge Associated Colleges Limited 100%
- Pearltech UK Limited 100%
- Central College for Education Limited 100%
- Online Academies Limited 100%
- Digital Monkey Media Limited 100%
Significant events
- “In the past twelve months the board of directors responded to a challenging market impacted by economic issues by implementing a change programme, including staff headcount rationalisation and multiple strategic initiatives to improve both cash generation and the quality of learners undertaking courses across the core B2C business faculties.”
- “There have been no significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BECKETT, Michael John | Director | 2021-01-22 | May 1965 | British |
| JANSE VAN RENSBURG, Wayne | Director | 2008-12-23 | Aug 1981 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JANSE VAN RENSBURG, Susan Mary | Secretary | 2008-12-23 | 2020-08-12 |
| JANSE VAN RENSBURG, Pienaar Jacobus | Director | 2008-12-23 | 2020-08-12 |
| JANSE VAN RENSBURG, Susan Mary | Director | 2008-12-23 | 2020-08-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Learndirect Digital Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-08-12 | Active |
| Kate Strohm | Individual | Shares 50–75% | 2020-03-10 | Ceased 2020-08-12 |
| Mr Wayne Van Rensburg | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-08-12 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-21 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-08 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-02 | AA | accounts | Accounts with accounts type full | |
| 2022-01-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | AA | accounts | Accounts with accounts type full | |
| 2021-06-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-05-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-03-30 | AA | accounts | Accounts with accounts type group | |
| 2021-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-02-01 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.