MTH MIDCO 2 LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-07-31
Confirmation statement due
2026-06-14 (in 1mo)
Last made up 2025-05-31
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
£19M
first positive since 2023
Employees
1,046
Average over period
Profit before tax
-£7M
Period ending 2024-07-31
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-07-31
| Metric | Trend | 2020-08-01 | 2022-01-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £79,529,000 | £60,672,000 | |
| Operating profit | — | — | -£46,589,000 | -£1,499,000 | |
| Profit before tax | — | — | -£61,010,000 | -£7,267,000 | |
| Net profit | — | — | -£61,010,000 | -£1,374,000 | |
| Cash | — | — | £1,676,000 | £3,006,000 | |
| Total assets less current liabilities | — | £64,990,000 | £23,951,000 | £30,875,000 | |
| Net assets | — | £38,396,000 | -£25,188,000 | £18,615,000 | |
| Equity | £38,396,000 | £38,396,000 | -£25,188,000 | £18,615,000 | |
| Average employees | — | 0 | 1,076 | 1,046 | |
| Wages | — | — | £53,630,000 | £35,372,000 | |
| Directors' remuneration | — | — | £1,505,000 | £674,000 |
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 2024-07-31 vs 2023-07-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-08-01 | 2022-01-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -58.6% | -2.5% | |
| Net margin | — | — | -76.7% | -2.3% | |
| Return on capital employed | — | — | -194.5% | -4.9% | |
| Gearing (liabilities / total assets) | — | — | 170.8% | 53.7% | |
| Current ratio | — | — | 0.84x | 1.85x | |
| Interest cover | — | — | -3.23x | -0.26x |
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
- Consolidated group
- Auditor
- Bishop Fleming LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the current and projected financial position of the Group and have a reasonable expectation that the Group will have adequate resources to continue in operational existence for a period of at least 15 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- MTH MIDCO 2 LIMITED · parent
- MTH Bidco Limited 100%
- LVTG Holdings Limited 100%
- LVTG Limited 100%
- Lifetime Training Group Limited 100%
- Innovative Awarding Ltd 100%
- Go Vocational Solutions Limited 100%
- Rapido Training Limited 100%
- Lifetime Health and Fitness 100%
- Lifetime Training Limited 100%
- Skilltech Solutions Limited 100%
- The IT Skills Management Company Limited 100%
- Intequal Limited 100%
Significant events
- “This has been a year of major progress across a broad range of areas. The rightsizing of the business in late 2023 has created financial stability and has transformed our trading performance with a return to profitability and cash generation.”
- “In July 2024, debt of £43.3m was released by the borrower MTH Bidco Limited (a member of the Group). The Group's debt as a result has reduced to a £7.5m term loan that is due to mature on 31 July 2027 with no interest payable or accruing.”
- “Lifetime underwent a full Ofsted inspection in May 2024 and we were pleased that the significant focus and investment in quality improvements was recognised with the award of a 'Good' rating.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOSWORTH, Charlotte Patricia | Director | 2025-05-25 | Aug 1973 | British |
| THOMAS, Michael Anthony | Director | 2023-04-20 | Apr 1976 | British |
| WINTER, Kenneth Kris | Director | 2022-12-16 | Apr 1986 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DALRYMPLE, David Hugh | Director | 2022-12-16 | 2023-04-30 |
| ENNIS, Kate | Director | 2022-12-16 | 2023-04-30 |
| GRAHAM, Jonathan Charles | Director | 2022-05-06 | 2023-07-14 |
| GRAHAM, Neil Robert | Director | 2022-07-14 | 2022-11-18 |
| HUDSON, Paul | Director | 2016-10-03 | 2018-03-31 |
| KHAN, Alex Phillip | Director | 2016-10-03 | 2022-04-29 |
| KISENYI, Peter Victor Muwanguzi | Director | 2019-06-24 | 2021-06-30 |
| MITCHELL, Peter James | Director | 2016-10-03 | 2022-05-06 |
| PIASECKI, Mark | Director | 2016-06-01 | 2018-01-23 |
| RUSSELL, Geoffrey Scott | Director | 2022-03-28 | 2023-06-26 |
| SKINNER, Charles David | Director | 2025-05-25 | 2025-10-20 |
| SMITH, David John | Director | 2023-07-11 | 2025-05-23 |
| WITHEY, Simon Benedict | Director | 2016-10-03 | 2021-02-28 |
| YURKWICH, Adrian Michael | Director | 2016-06-01 | 2022-10-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Clareant Training Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-16 | Active |
| Mth Midco 1 Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-10-03 | Ceased 2022-12-16 |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-05 RESOLUTIONS Resolution
- 2024-06-22 RESOLUTIONS Resolution
- 2024-03-09 RESOLUTIONS Resolution
- 2024-03-09 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-04-30 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-05 | AA | accounts | Accounts with accounts type group | |
| 2024-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-26 | AA | accounts | Accounts with accounts type group | |
| 2024-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-22 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-09 | MA | incorporation | Memorandum articles | |
| 2023-12-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-17 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.