2U GETSMARTER (UK) LIMITED

• ⚠

  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.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -4.5%

  £47,550,887 → £45,430,127

• Cash

  -0.8%

  £1,077,868 → £1,069,659

• Net assets

  -67.2%

  -£10,389,711 → -£17,368,842

• Employees

  —

  Not reported

• Operating profit

  -246.9%

  -£2,011,849 → -£6,979,131

  lowest in 5 filed years

• Profit before tax

  -246.9%

  -£2,011,849 → -£6,979,131

  lowest in 5 filed years

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.

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.”

Significant events

• “On 31 January 2025, the Company entered into two debenture agreements with separate security agents: Alter Domus (US) LLC, acting as First Lien Agent, and Wilmington Savings Fund Society, FSB, acting as Second Lien Agent. These agreements establish fixed and floating charges over the Company's assets, securing obligations under its senior and subordinated credit facilities.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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