How much does Access Further Education Limited make?

Access Further Education Limited reported revenue of £28.8m and £1m profit in the year to 31 Jul 2025, according to its accounts filed at Companies House.

How many employees does Access Further Education Limited have?

Access Further Education Limited reported an average of 411 employees in the year to 31 Jul 2025.

Is Access Further Education Limited profitable?

Yes — Access Further Education Limited reported a profit of £1m in the year to 31 Jul 2025.

Company No. 02749258 · Incorporated 22 Sep 1992

Access Further Education Limited

Registered name: ACCESS FURTHER EDUCATION LIMITED

Part of Apiary Capital LLP group

Access Further Education Limited made £28.8m revenue and £1m profit in the year to 31 Jul 2025.

Access Further Education Limited’s revenue grew 8% to £28.8m in the year to 31 Jul 2025, with £1m profit and 411 employees. The company is classified under “other education” and is based in Birmingham; we hold 4 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85590Other education n.e.c.

Status: Active
Location: Birmingham, West Midlands
Age: 34 yrs · since 1992
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Jul 2025

Key figures

Revenue

£28.8m

Growth ▲8.4%

Profit

£1m

Growth —

Profit margin

3.6%

Gross 26.5%

Employees

411

Change ▲2.5%

Profit / employee

£2.5k

Revenue/employee £70k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jul 2022	31 Jul 2023	31 Jul 2024	31 Jul 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£22m	£24.9m	£26.5m	£28.8m
Cost of sales	£16.4m	£19.1m	£19.9m	£21.2m
Gross profit	£5.6m	£5.7m	£6.6m	£7.6m
Operating profit	−£531k	−£1.4m	−£2m	£31.1k
Profit before tax	−£219k	−£889k	−£1.3m	£758k
Profit after tax	−£117k	−£448k	−£1.1m	£1m
Profit (best available)	−£117k	−£448k	−£1.1m	£1m
Staff costs	£9.4m	£11.9m	£12.3m	£13.5m
Employees (average)	380	395	401	411
Ratios
Profit margin	−0.5%	−1.8%	−4.2%	3.6%
Gross margin	25.4%	23.1%	24.9%	26.5%
Revenue per employee	£58k	£63k	£66.2k	£70k
Profit per employee	−£307	−£1.1k	−£2.8k	£2.5k
Growth (year on year)
Revenue growth	—	▲12.9%	▲6.7%	▲8.4%
Headcount growth	—	▲4%	▲1.5%	▲2.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£325k	£249k	£1.1m	£1.6m
Net assets	£8.9m	£8.4m	£7.3m	£8.3m
Fixed assets	£6.9m	£8.1m	£8.6m	£7.9m
Current assets	£8.5m	£11.8m	£11.2m	£12.1m
Debtors	£542k	£443k	£155k	£203k
Deferred income	£2.4m	£3.3m	£4.7m	£5.2m
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 3.6%; Profit ÷ revenue.
Gross margin: 26.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £70k; Revenue ÷ average employees.
Profit per employee: £2.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 27.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 18.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲14%; Now £8.3m
Cash at bank: ▲43%; Now £1.6m
Headcount: ▲2%; Now 411
Deferred income: ▲10%; Now £5.2m
Fixed assets: ▼7%; Now £7.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Apiary Capital LLPultimate parent75–100%
Apiary Managing Member Ltd75–100%
Apiary Capital Partners I Investment GP LLP75–100%
Project Alpha Topco Limited75–100%
Project Alpha Midco Limited75–100%
Project Alpha Bidco Limited75–100%
Martinez Investments Limited75–100%
Access Education Group Limited75–100%
Access Further Education Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (3)

Armstrong Works LimitedFigures not disclosed
Coaching Connexions LtdFigures not disclosed
DBS Music UK Holdings LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2025 (profit £1m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Updated from Companies House on 13 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.