GETSMARTER ONLINE LTD
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Cash
£867k
USD 1,158,102
+24% vs 2023
Net assets
-£22m
USD -29,394,364
-5.5% lowest in 5 filed years
Employees
124
+57% highest in 5 filed years
Profit before tax
-£1.2m
USD -1,628,067
+73.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note 1.1 in the financial statements, concerning the current position and performance of the company and the matters set out within. As stated in note 1.1 these factors indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £41,395,746 | £40,426,851 | £30,160,337 | £28,513,659 | £37,460,781 | +31.4% | |
| Operating profit | -£549,149 | -£399,158 | -£8,601,606 | -£4,389,067 | -£1,040,456 | +76.3% | |
| Profit before tax | -£842,974 | -£772,532 | -£8,938,724 | -£4,563,146 | -£1,218,157 | +73.3% | |
| Net profit | -£842,714 | -£764,407 | -£8,985,545 | -£4,574,546 | -£1,219,407 | +73.3% | |
| Cash | — | — | £1,699,208 | £698,666 | £866,519 | +24% | |
| Total assets less current liabilities | — | — | — | -£15,151,324 | -£16,381,866 | -8.1% | |
| Net assets | — | — | — | -£20,840,271 | -£21,993,538 | -5.5% | |
| Equity | -£1,840,790 | -£2,615,037 | -£3,191,054 | — | — | — | |
| Average employees | 11 | 19 | 34 | 79 | 124 | +57% | |
| Wages | — | — | — | £2,587,792 | £4,352,811 | +68.2% | |
| Directors' remuneration | — | — | — | — | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -1.3% | -1.0% | -28.5% | -15.4% | -2.8% | |
| Net margin | -2.0% | -1.9% | -29.8% | -16.0% | -3.3% | |
| Gearing (liabilities / total assets) | — | — | — | 354.8% | 327.7% | |
| Current ratio | — | — | — | 0.33x | 0.36x | |
| Interest cover | — | — | — | -25.21x | -5.86x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 1.1 in the financial statements, concerning the current position and performance of the company and the matters set out within. As stated in note 1.1 these factors indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”
Group structure
- GETSMARTER ONLINE LTD · parent
- Get Educated Proprietary Limited
- 2U GetSmarter UK Limited
- 2U GetSmarter US LLC
- 2U Group UK Limited
- edX Boot Camps UK Limited
- edX Boot Camps LLC
- edX, LLC
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWNSTEIN, Lillian | Director | 2025-05-08 | Aug 1981 | American |
| SHIVDASANI, Arun | Director | 2025-06-11 | Apr 1971 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRITZ, Melindi | Director | 2016-09-01 | 2019-03-11 |
| CATES, Susan Elizabeth | Director | 2017-07-01 | 2017-08-31 |
| CHERNIS, Mark Jay | Director | 2019-04-11 | 2022-08-30 |
| GRAHAM, Catherine Ann | Director | 2018-02-01 | 2019-10-14 |
| LALLJIE, Paul Sunil | Director | 2020-01-08 | 2024-10-04 |
| NORDEN, Matthew Jay | Director | 2024-11-20 | 2025-05-09 |
| NORDEN, Matthew Jay | Director | 2017-07-01 | 2018-01-31 |
| PADDOCK, Robert James | Director | 2015-09-14 | 2017-07-01 |
| PADDOCK, Samuel Edward | Director | 2015-09-14 | 2016-06-01 |
| SAUNDERS, Anthony Edward Graham | Director | 2015-09-01 | 2016-06-01 |
| STORRAR, Graeme Norman | Director | 2015-10-01 | 2016-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 2u, Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-07-01 | Ceased 2024-08-07 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-23 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full | |
| 2024-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-09-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-03 | CH01 | officers | Change person director company with change date | |
| 2024-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | CH01 | officers | Change person director company with change date | |
| 2024-03-23 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-06 | AA | accounts | Accounts with accounts type full | |
| 2023-03-01 | DISS40 | gazette | Gazette filings brought up to date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.