How much does Lifetime Training Group Limited make?

Lifetime Training Group Limited reported revenue of £68.4m and a loss of £21.2m in the year to 31 Jul 2023, according to its accounts filed at Companies House.

How many employees does Lifetime Training Group Limited have?

Lifetime Training Group Limited reported an average of 884 employees in the year to 31 Jul 2023.

Is Lifetime Training Group Limited profitable?

No — Lifetime Training Group Limited reported a loss of £21.2m in the year to 31 Jul 2023.

Company No. 03263608 · Incorporated 15 Oct 1996

Lifetime Training Group Limited

Registered name: LIFETIME TRAINING GROUP LIMITED

Part of Clareant Training Holdings Limited group

Lifetime Training Group Limited made £68.4m revenue and a £21.2m loss in the year to 31 Jul 2023.

Lifetime Training Group Limited’s revenue was £68.4m in the year to 31 Jul 2023, with a loss of £21.2m and 884 employees. The company is classified under “other education” and is based in Bristol; we hold 2 years of its filed accounts.

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

Status: Active
Location: Bristol, South West
Age: 30 yrs · since 1996
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 2023

Key figures

Revenue

£68.4m

Growth —

Profit

−£21.2m

Growth —

Profit margin

−31%

Gross 84.5%

Employees

884

Change —

Profit / employee

−£24k

Revenue/employee £77.4k

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2022	31 Jul 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£71.1m	£68.4m
Cost of sales	£9.9m	£10.6m
Gross profit	£61.2m	£57.8m
Operating profit	−£8.9m	−£20.7m
Profit before tax	−£9.1m	−£21.2m
Profit after tax	−£9.2m	−£21.2m
Profit (best available)	−£9.2m	−£21.2m
Staff costs	£48.7m	£50.2m
Employees (average)	955	884
Ratios
Profit margin	−13%	−31%
Gross margin	86%	84.5%
Revenue per employee	£74.5k	£77.4k
Profit per employee	−£9.7k	−£24k
Balance sheet — indirect signals, not revenue
Cash at bank	£4.1m	£704k
Net assets	£63m	£39.3m
Fixed assets	£9m	£8.2m
Current assets	£74m	£66.7m
Debtors	£5m	£5.7m
Deferred income	£2.8m	£4.3m
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: −31%; Profit ÷ revenue.
Gross margin: 84.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £77.4k; Revenue ÷ average employees.
Profit per employee: −£24k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 6.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.3%; 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: —; Now £39.3m
Cash at bank: —; Now £704k
Headcount: —; Now 884
Deferred income: —; Now £4.3m
Fixed assets: —; Now £8.2m

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

Clareant Training Holdings Limitedultimate parent75–100%
MTH Midco 2 Limited75–100%
MTH Bidco Limited75–100%
LVTG Holdings Limited75–100%
LVTG Limited75–100%
Lifetime Training Group Limitedthis company

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

Subsidiaries (5)

Innovate Awarding LtdRev. £12m · Profit £1.5m
Lifetime Health & Fitness LimitedFigures not disclosed
Lifetime Training LimitedFigures not disclosed
Rapido Training LimitedFigures not disclosed
The IT Skills Management Company LimitedRev. — · Profit £1.1m

Sister companies (2)

Go Vocational Solutions LtdFigures not disclosed
Skilltech Solutions 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 accounts for the year to 31 Jul 2023 (profit −£21.2m), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.

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