AS SOUTHERN LIMITED

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  +17.6%

  £20,386,748 → £23,971,162

• Cash

  +400.7%

  £602,045 → £3,014,214

• Net assets

  +197.3%

  £526,086 → £1,563,923

• Employees

  +5.8%

  362 → 383

  highest in 4 filed years

• Operating profit

  +591.2%

  -£286,938 → £1,409,473

• Profit before tax

  +417.8%

  -£427,001 → £1,356,953

• Wages

  +4.8%

  £10,897,560 → £11,417,600

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

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.

1. AS SOUTHERN LIMITED 2017-01-13 → present
2. BETA SCHOOLS HOLDINGS LIMITED 2016-12-20 → 2017-01-13

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Richard Place Dobson Services Limited

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. AS SOUTHERN LIMITED · parent
   1. St Edwards School Cheltenham Limited 100% · England and Wales · providing children's education
   2. The Chalfonts Independent Grammar School Limited 100% · England and Wales · providing children's education
   3. Sackville School Limited 100% · England and Wales · providing children's education
   4. Trinity School Limited 100% · England and Wales · providing children's education
   5. Beechwood School Limited 100% · England and Wales · providing children's education
   6. St Edwards Senior School Limited 100% · England and Wales · providing children's education

Significant events

• “The introduction of VAT onto private School fees from January 2025 will have an impact on both current and future parents ability to pay School fees and commit to independent education for their child.”
• “The cost of living crisis further hampering the ability for parents to be able to afford private education.”
• “Overheads constantly rising and the difficulty in light of VAT to be able to pass this increased cost on.”
• “The high increase in national living wage each year not only increasing costs but also narrowing the gap between lower paid jobs and teaching staff.”
• “Rising interest rates in recent years hampering the group's ability to refinance at normal market rates.”
• “The Group has entered into a lease for a commitment to pay rent on the premises of Sackville School amounting to £200,000 per year until 26th January 2042.”
• “The Group has entered into a lease for a commitment to pay rent on the premises of Ashley Manor School amounting to £150,000 per year until 1st September 2053.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.