TOTARA LEARNING (EUROPE) LIMITED
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Cash
£744K
-76% lowest in 3 filed years
Net assets
-£2.9M
-697.4% lowest in 3 filed years
Employees
30
+87.5% highest in 3 filed years
Profit before tax
-£2M
-15.5% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £7,326,695 | £8,496,714 | £9,041,743 | +6.4% | |
| Operating profit | £184,465 | -£1,718,976 | -£1,981,991 | -15.3% | |
| Profit before tax | £182,291 | -£1,710,911 | -£1,975,426 | -15.5% | |
| Net profit | £88,088 | -£1,691,067 | -£2,514,591 | -48.7% | |
| Cash | £1,951,214 | £3,097,404 | £744,131 | -76% | |
| Total assets less current liabilities | £548,578 | -£360,580 | -£2,875,171 | -697.4% | |
| Net assets | £543,197 | -£360,580 | -£2,875,171 | -697.4% | |
| Equity | £543,197 | -£360,580 | -£2,875,171 | -697.4% | |
| Average employees | 20 | 16 | 30 | +87.5% | |
| Wages | £1,522,951 | £1,829,861 | £2,794,402 | +52.7% | |
| Directors' remuneration | £330,643 | £953,081 | £769,989 | -19.2% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | 2.5% | -20.2% | -21.9% | |
| Net margin | 1.2% | -19.9% | -27.8% | |
| Return on capital employed | 33.6% | — | — | |
| Gearing (liabilities / total assets) | — | 104.1% | 130.3% | |
| Current ratio | 1.16x | 0.96x | 0.75x | |
| Interest cover | 41.63x | — | — |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO 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 collect”
Significant events
- “On 18 September 2025, the Company's parent company Athena Midco Limited entered into a new financing facility with Bank of New Zealand. In connection with this arrangement, a fixed and floating charge (containing a negative pledge) was registered over the Company's assets as part of the wider group financing arrangements. The Company had not drawn any borrowings under this facility as at the date these financial statements were authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRUICKSHANK, Dave | Director | 2025-02-07 | Nov 1975 | British |
| FLETCHER, Warwick Myles Hone | Director | 2023-10-12 | Aug 1982 | Australian |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASH, Mark | Director | 2023-03-31 | 2024-05-01 |
| CHRISTIE, Donald William Bain | Director | 2013-09-18 | 2014-06-24 |
| CONYBEARE-CROSS, James Thomas | Director | 2013-09-18 | 2015-06-01 |
| ELLAWAY, Philip Thomas | Director | 2016-02-11 | 2020-06-30 |
| HYLAND, Lars Martin | Director | 2015-06-08 | 2025-02-07 |
| NORTON-STANDEN, Graham | Director | 2015-05-01 | 2019-12-31 |
| O'CONNOR, Michael Anthony | Director | 2013-09-18 | 2020-06-30 |
| RAYSON, Steven Clifford | Director | 2013-09-18 | 2014-10-20 |
| SMITH, Nolen | Director | 2013-09-18 | 2015-06-01 |
| WYLES, Richard | Director | 2013-09-18 | 2023-10-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tenzing Pe Iii Gp Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-12 | Ceased 2023-10-12 |
| Athena Uk Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-07-27 | Active |
| Mr Lars Martin Hyland | Individual | Significant influence | 2016-04-06 | Ceased 2023-10-12 |
| Richard Wyles | Individual | Significant influence | 2016-04-06 | Ceased 2023-10-12 |
| Mr Philip Thomas Ellaway | Individual | Significant influence | 2016-04-06 | Ceased 2020-06-30 |
| Michael Anthony O'Connor | Individual | Significant influence | 2016-04-06 | Ceased 2020-06-30 |
| Mr Graham Norton-Standen | Individual | Significant influence | 2016-04-06 | Ceased 2019-12-31 |
Filing timeline
Last 20 of 71 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-24 MA Memorandum articles
- 2023-10-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-14 | AA | accounts | Accounts with accounts type full | |
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-15 | AA | accounts | Accounts with accounts type small | |
| 2023-10-24 | MA | incorporation | Memorandum articles | |
| 2023-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.