THE EDUCATION MUTUAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-16 (in 2mo)
Last made up 2025-07-02
Watchouts
None on the register
Cash
£12M
+12.6% highest in 3 filed years
Net assets
£593K
+51,955.1% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£713K
+852.3% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £5,163,240 | — | — | — | £21,402,265 | £23,318,840 | |
| Operating profit | -£8,959 | — | — | — | -£266,369 | £228,605 | |
| Profit before tax | — | — | — | — | £74,850 | £712,823 | |
| Net profit | — | — | — | — | -£5,407 | £591,769 | |
| Cash | £3,745,566 | — | — | — | £10,401,063 | £11,710,863 | |
| Total assets less current liabilities | £377,453 | — | — | — | £1,139 | £934,596 | |
| Net assets | — | — | — | — | £1,139 | £592,908 | |
| Equity | — | £295,756 | £260,698 | £6,546 | £1,139 | £592,908 | |
| Average employees | 0 | — | — | — | 0 | 0 | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | £9,000 | £12,600 |
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 2024-12-31 vs 2023-12-31
-
Turnover
+9%
£21,402,265 £23,318,840
highest in 3 filed years
-
Cash
+12.6%
£10,401,063 £11,710,863
highest in 3 filed years
-
Net assets
+51,955.1%
£1,139 £592,908
-
Employees
—
Not reported
-
Operating profit
+185.8%
-£266,369 £228,605
highest in 3 filed years
-
Profit before tax
+852.3%
£74,850 £712,823
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -0.2% | — | — | — | -1.2% | 1.0% | |
| Net margin | — | — | — | — | -0.0% | 2.5% | |
| Return on capital employed | -2.4% | — | — | — | -23386.2% | 24.5% | |
| Current ratio | — | — | — | — | 1.00x | 1.07x |
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
- Standalone (parent only)
- Auditor
- Hewitt Card Limited
- 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.”
Significant events
- “Throughout the COVID pandemic, Education Mutual provided crucial support to schools, paying claims when many other staff absence protection providers did not. The COVID pandemic has had long term impacts on staff absence rates in UK schools, with absence rates generally increasing in the sector.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCARRON, Philip | Secretary | 2026-03-10 | — | — |
| GIBSON, Kenneth Archibald, Sir | Director | 2018-07-03 | Aug 1957 | British |
| HOLMES, Darren Brian | Director | 2025-09-01 | May 1965 | British |
| HURN OBE, Nicholas Simon | Director | 2018-07-03 | Feb 1961 | British |
| KENNEDY, Paul Michael | Director | 2023-07-07 | Dec 1967 | British |
| RICKERSEY, David Edward | Director | 2019-01-24 | Aug 1973 | British |
| WINTER, Susan | Director | 2023-03-20 | May 1968 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEVY, Anne Louise | Secretary | 2018-07-03 | 2025-12-05 |
| BROWN, Andrew Appleton | Director | 2020-09-17 | 2021-09-09 |
| GRAY, Mark Peter | Director | 2019-01-24 | 2023-09-30 |
| GRAY, Tracey Anne | Director | 2018-07-03 | 2021-04-01 |
| MELDRUM, David Martin | Director | 2019-01-24 | 2025-02-06 |
| WILCOX, Rose | Director | 2020-09-17 | 2023-09-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-16 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-23 | AA | accounts | Accounts with accounts type medium | |
| 2025-04-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-13 | CH01 | officers | Change person director company with change date | |
| 2023-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-22 | AA | accounts | Accounts with accounts type small | |
| 2022-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.