ALDGATE EDUCATION BIDCO LTD
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-11-11 (in 6mo)
Last made up 2025-10-28
Watchouts
Cash
£126K
+800% vs 2023
Net assets
-£175M
+44.1% vs 2023
Employees
8
-20% vs 2023
Profit before tax
-£27M
+81.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company continues to adopt the going concern basis in preparing the financial statements notwithstanding that it is reliance on its parent company, Aldgate Education Midco 2 Limited for the financial support. ... At the date of approving these financial statements, no sales agreement has been signed and no formal commitment from the lenders to waive this breach of covenants has been secured. Therefore, this represents a material uncertainty that may cast significant doubt on the Group and company's ability to continue as a going concern.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£503,000 | -£2,338,000 | |
| Profit before tax | -£148,751,000 | -£26,867,000 | |
| Net profit | -£148,751,000 | -£26,867,000 | |
| Cash | £14,000 | £126,000 | |
| Total assets less current liabilities | -£90,480,000 | -£74,109,000 | |
| Net assets | -£312,237,000 | -£174,685,000 | |
| Equity | -£312,237,000 | -£174,685,000 | |
| Average employees | 10 | 8 | |
| Wages | £1,921,000 | £1,910,000 | |
| Directors' remuneration | £788,000 | £799,000 |
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 2024-08-31 vs 2023-08-31
-
Turnover
—
Not reported
-
Cash
+800%
£14,000 £126,000
-
Net assets
+44.1%
-£312,237,000 -£174,685,000
-
Employees
-20%
10 8
-
Operating profit
-364.8%
-£503,000 -£2,338,000
-
Profit before tax
+81.9%
-£148,751,000 -£26,867,000
-
Wages
-0.6%
£1,921,000 £1,910,000
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 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Return on capital employed | 0.6% | 3.2% | |
| Current ratio | 0.00x | 0.00x | |
| Interest cover | -0.02x | -0.10x |
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.
Name history
Renamed 1 time since incorporation
- ALDGATE EDUCATION BIDCO LTD 2021-11-30 → present
- MIDLOTHIAN CAPITAL PARTNERS (EDUCATION) LIMITED 2018-10-16 → 2021-11-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“The company continues to adopt the going concern basis in preparing the financial statements notwithstanding that it is reliance on its parent company, Aldgate Education Midco 2 Limited for the financial support. ... At the date of approving these financial statements, no sales agreement has been signed and no formal commitment from the lenders to waive this breach of covenants has been secured. Therefore, this represents a material uncertainty that may cast significant doubt on the Group and company's ability to continue as a going concern.”
Group structure
- ALDGATE EDUCATION BIDCO LTD · parent
- NST Limited 100%
- NST Transport Services Limited 100%
- SAS Le Chateau d'Ebblinghem 100%
- SARL Chateau d'Ebblinghem 100%
- PGL Air Travel Limited 100%
- PGL Voyages Limited 100%
- PGL Travel Limited 100%
- PGL Adventure Limited 100%
- Freedom of France Limited 100%
- Noreya SL 100%
- PGL Adventures SAS 100%
- Travelplus Group GmbH 100%
- Travelplus Group GmbH 100%
- Simpar SASu 100%
- Chateau de Lamorlaye SCI 100%
- SCI Domaine de Segries 100%
- European Study Tours Limited 100%
- NST Holdings Limited 100%
- NST Travel Group Limited 100%
- PGL Group Limited 100%
- EST Transport Purchasing Limited 100%
- HB Education EBT Limited 100%
- HB PGL Holding Limited 100%
- PGL Travel Pty Limited 100%
- PGL Property Pty Limited 100%
- PGL Adventure Camps Pty Limited 100%
- PGL Camps Pty Limited 100%
- Aldgate Education Propco 1 Limited 100%
- HB Education Limited 100%
Significant events
- “During the year the group completed a full review of its debt obligations to its ultimate parent Ares Management Limited and related companies. This review highlighted that a number of the facilities had been incorrectly recorded as liabilities in Aldgate Education Bidco Limited.”
- “During the year the Unitranche loan also received from Ares Management Limited was restructured, where it was agreed that £164.4m of the loan (including accrued interest) was released from the company.”
- “In November 2023 the Group secured an extension of existing borrowing facilities from National Westminster Bank and a term loan from funds or other accounts managed or advised by Ares Management Limited for £28m (New money super senior facility B3 and B4).”
- “As part of the refinancing agreed above, the Company also extended its £35m revolving credit facility (RCF) with NatWest.”
- “Hurdle Shares were issued on the 13th March 2023 to certain key personnel.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAFF, Nicole Sarah | Director | 2025-01-28 | Jul 1989 | British |
| JONES, Anthony Gerald | Director | 2020-03-26 | Aug 1973 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRACEY, Andrew James Mark Lewis | Director | 2018-10-26 | 2021-11-30 |
| CHURCHUS, Peter John | Director | 2019-05-14 | 2020-09-01 |
| CLARK, Andrew James | Director | 2022-09-20 | 2025-01-28 |
| CLEGG, Aiden Charles Barwick | Director | 2018-10-26 | 2021-11-30 |
| CREIGHTON, Luke Taylor | Director | 2021-02-11 | 2022-07-01 |
| CURRIE, Neil Allen | Director | 2018-10-16 | 2021-11-30 |
| FIRTH, John Gordon | Director | 2019-05-14 | 2020-04-27 |
| HAYWARD, Carl Robert | Director | 2020-07-01 | 2021-02-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aldgate Education Midco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-11 | Ceased 2019-01-11 |
| Ares Management Lp | Corporate entity | Shares 75–100% | 2019-01-11 | Ceased 2019-01-11 |
| Aldgate Education Midco 3 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-11 | Ceased 2019-01-11 |
| Ares Management Limited | Corporate entity | Significant influence | 2019-01-11 | Ceased 2019-01-11 |
| Aldgate Education Midco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-11 | Ceased 2019-01-11 |
| Aldgate Education Midco 4 Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-11 | Active |
| Mr Andrew James Mark Lewis Bracey | Individual | Shares 25–50%, Voting 25–50% | 2018-10-16 | Ceased 2019-01-11 |
| Mr Neil Allen Currie | Individual | Shares 25–50%, Voting 25–50% | 2018-10-16 | Ceased 2019-01-11 |
| Mr Aidan Charles Barwick Clegg | Individual | Shares 25–50%, Voting 25–50% | 2018-10-16 | Ceased 2019-01-11 |
Filing timeline
Last 20 of 58 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-11-30 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-18 | AA | accounts | Accounts with accounts type full | |
| 2023-11-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-20 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-23 | AA | accounts | Accounts with accounts type full | |
| 2021-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-30 | CERTNM | change-of-name | Certificate change of name company |
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.