WORLD LEARNING LIMITED
Operating as a wholly owned subsidiary of National Westminster Bank Plc, the company provides financial intermediation services and was originally founded as Roosterbank.
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Cash
£4.4M
+24.3% highest in 4 filed years
Net assets
£6.6M
+210% highest in 4 filed years
Employees
99
+83.3% highest in 4 filed years
Profit before tax
-£6.7M
+31% vs 2023
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £4,093,000 | £8,161,000 | +99.4% | |
| Operating profit | — | — | -£9,749,000 | -£6,728,000 | +31% | |
| Profit before tax | — | — | -£9,749,000 | -£6,728,000 | +31% | |
| Net profit | — | — | -£7,457,000 | -£5,046,000 | +32.3% | |
| Cash | £640,527 | £947,195 | £3,523,000 | £4,379,000 | +24.3% | |
| Total assets less current liabilities | £780,711 | -£297,454 | £2,126,000 | £6,586,000 | +209.8% | |
| Net assets | -£117,832 | -£2,220,084 | £2,121,000 | £6,575,000 | +210% | |
| Equity | -£117,832 | -£2,220,084 | £2,121,000 | £6,575,000 | +210% | |
| Average employees | 23 | 23 | 54 | 99 | +83.3% | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | £0 | £0 | — |
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 | 2020-03-31 | 2021-03-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | — | -82.4% | |
| Net margin | — | — | -182.2% | -61.8% | |
| Return on capital employed | — | — | -458.6% | -102.2% | |
| Gearing (liabilities / total assets) | — | — | 66.6% | 13.6% | |
| Current ratio | — | — | 1.49x | 7.37x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WORLD LEARNING LIMITED 2010-07-16 → present
- ROOSTERBANK.COM LTD 2009-02-25 → 2010-07-16
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of 12 months from when the financial statements are authorised for issue.”
Significant events
- “On 13 February 2024, 1 additional ordinary share of £0.01 was allotted to National Westminster Bank Plc for a consideration of £9,500,000 for providing financial and operational support to the Company to enable it to meet its liabilities/commitments as and when these fall due.”
- “Included in the current year's revenue is an adjustment of £63,130 relating to prior years (2022 and 2023) to correct an understatement in fee and commission income receivable. The adjustment arose due to a data issue in the legacy subscription reporting system.”
- “The Company sold its investments in NatWest Strategic Investments Limited (formerly known as Rooster Money UK Limited) to RBS AA Holdings (UK) Limited on 30 November 2023.”
- “On 6 February 2025, 1 additional ordinary share of £0.01 was allotted to National Westminster Bank Plc for a consideration of £7,000,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NATWEST GROUP SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2021-10-05 | — | — |
| CARMICHAEL, William Ralph | Director | 2015-06-13 | Jan 1983 | British |
| MANSON, Michael James | Director | 2021-10-05 | Oct 1974 | British |
| REES, Susan Mary | Director | 2024-06-28 | Apr 1965 | British |
| ROYDEN, Sandi | Director | 2024-02-13 | Apr 1981 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEARMOND, James | Secretary | 2009-02-25 | 2021-10-05 |
| ALI, Asma | Director | 2022-04-28 | 2024-10-31 |
| CLARK, Martin Grant | Director | 2021-10-22 | 2022-02-10 |
| CONNOLLY, Barry John | Director | 2022-07-01 | 2024-02-13 |
| CRAVEN-SMITH-MILNES, Charles Assheton | Director | 2019-03-25 | 2021-10-05 |
| EDWARDS, Benjamin John | Director | 2012-07-02 | 2021-10-05 |
| KAHAN, Barbara | Director | 2009-02-25 | 2009-02-25 |
| LEARMOND, James Peter Needham | Director | 2009-02-25 | 2021-10-05 |
| MAY, Paris | Director | 2009-02-25 | 2015-04-16 |
| REDSHAW, Wendy | Director | 2023-06-28 | 2024-05-03 |
| REDSHAW, Wendy | Director | 2021-10-05 | 2023-06-28 |
| WATSON, Simon David | Director | 2021-10-05 | 2022-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Westminster Bank Plc | Corporate entity | Shares 75–100%, Voting 75–100% | 2021-10-05 | Active |
| Cv5 Limited | Corporate entity | Shares 25–50% | 2018-11-01 | Ceased 2021-10-05 |
| Mr James Learmond | Individual | Shares 75–100% | 2016-04-06 | Ceased 2018-11-01 |
Filing timeline
Last 20 of 132 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-02-06 | SH01 | capital | Capital allotment shares | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-14 | AA | accounts | Accounts with accounts type full | |
| 2024-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | CH01 | officers | Change person director company with change date | |
| 2024-02-23 | SH01 | capital | Capital allotment shares | |
| 2024-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-02 | CH01 | officers | Change person director company with change date | |
| 2023-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-21 | AA | accounts | Accounts with accounts type full | |
| 2023-07-19 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-21 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.