PLANET EDUCATION NETWORKS LTD
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
Cash
£22M
+59% vs 2023
Net assets
£36M
+108.3% vs 2023
Employees
661
+225.6% vs 2023
Profit before tax
£25M
+64% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Turnover | £33,280,438 | £79,520,782 | |
| Operating profit | £15,478,518 | £25,651,109 | |
| Profit before tax | £15,425,201 | £25,297,215 | |
| Net profit | £12,139,852 | £18,915,373 | |
| Cash | £14,028,509 | £22,302,618 | |
| Total assets less current liabilities | £18,787,076 | £43,640,531 | |
| Net assets | £17,461,880 | £36,377,253 | |
| Equity | £17,461,880 | £36,377,253 | |
| Average employees | 203 | 661 | |
| Wages | £8,237,989 | £19,642,562 | |
| Directors' remuneration | £60,622 | £312,222 |
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
+138.9%
£33,280,438 £79,520,782
-
Cash
+59%
£14,028,509 £22,302,618
-
Net assets
+108.3%
£17,461,880 £36,377,253
-
Employees
+225.6%
203 661
-
Operating profit
+65.7%
£15,478,518 £25,651,109
-
Profit before tax
+64%
£15,425,201 £25,297,215
-
Wages
+138.4%
£8,237,989 £19,642,562
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 |
|---|---|---|---|
| Operating margin | 46.5% | 32.3% | |
| Net margin | 36.5% | 23.8% | |
| Return on capital employed | 82.4% | 58.8% | |
| Current ratio | 1.07x | 1.17x | |
| Interest cover | 121.98x | 45.76x |
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.
Name history
Renamed 1 time since incorporation
- PLANET EDUCATION NETWORKS LTD 2022-10-27 → present
- PLANET EDUCATION NETWORK LTD 2022-08-08 → 2022-10-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Andertons Europe Ltd
- 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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PLANET EDUCATION NETWORKS LTD · parent
- Elizabeth School of London Limited 100%
- Victoria College of Arts and Design Limited 100%
- London Professional College Limited 100%
- Online Qualifications Ltd 100%
- William College Limited 100%
- Quality Qualification Awards Limited 100%
- Transnational Education Limited 100%
- Zenith School of Studies 100%
- Uni Application Portal 100%
Significant events
- “The Group delivered robust performance during the year, with turnover rising to £79.5 million (2023: £33.3 million). Gross profit increased to £62.6 million (2023: £31.0 million), driven by substantial growth in the Group's core education and recruitment services. Profit before tax improved to £25.3 million (2023: £15.4 million).”
- “Significant investments were made in both tangible fixed assets and strategic acquisitions. Tangible assets increased to £30.9 million (2023: £14.9 million), while investment in acquisitions rose to £8.3 million (2023: £2.4 million), reflecting management's ongoing focus on long-term growth and market expansion.”
- “The Group's net assets grew to £36.4 million (2023: £17.5 million), supported by a strong year-end cash position of £22.3 million (2023: £14.0 million), highlighting the Group's financial strength and liquidity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELL, Cedric Desmond, Professor | Director | 2023-01-02 | Jun 1952 | British |
| FARUKI, Md Ali Akbar | Director | 2022-08-08 | Dec 1987 | British |
| GREEN, Andrew Simon | Director | 2026-04-16 | Dec 1961 | British |
| RAHMAN, Md Arifur | Director | 2024-03-20 | Jan 1982 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Mohammed | Director | 2024-03-20 | 2025-01-21 |
| GREEN, Andrew Simon | Director | 2023-01-03 | 2025-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pen Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-01 | Active |
| Mr Md Ali Akbar Faruki | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-08-08 | Ceased 2025-10-01 |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-01 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type group | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-06 | AA | accounts | Accounts with accounts type group | |
| 2024-03-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-01-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- 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.