How much does RTC Education Ltd make?

RTC Education Ltd reported revenue of £54m and £7.4m profit in the year to 31 Jul 2023, according to its accounts filed at Companies House.

How many employees does RTC Education Ltd have?

RTC Education Ltd reported an average of 441 employees in the year to 31 Jul 2023.

Is RTC Education Ltd profitable?

Yes — RTC Education Ltd reported a profit of £7.4m in the year to 31 Jul 2023.

Company No. 04422774 · Incorporated 23 Apr 2002

RTC Education Ltd

Registered name: RTC EDUCATION LTD

RTC Education Ltd made £54m revenue and £7.4m profit in the year to 31 Jul 2023.

RTC Education Ltd’s revenue grew 27% to £54m in the year to 31 Jul 2023, with £7.4m profit and 441 employees. The company is classified under “general secondary education” and is based in Harrow; we hold 2 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85310General secondary education

Status: Active
Location: Harrow, London
Age: 24 yrs · since 2002
Type: Private Limited Company

Latest accounts · year to 31 Jul 2023

Key figures

IndependentCash flow filed

Revenue

£54m

Growth ▲26.6%

Profit

£7.4m

Growth ▼8.7%

Profit margin

13.7%

Gross 84.1%

Employees

441

Change ▲31.6%

Profit / employee

£16.8k

Revenue/employee £122k

Profitable streak

2yrs

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 Jul 2022	31 Jul 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£42.6m	£54m
Cost of sales	£6.6m	£8.6m
Gross profit	£36m	£45.4m
Operating profit	£10.1m	£9.7m
Profit before tax	£10.1m	£9.5m
Profit after tax	£8.1m	£7.4m
Profit (best available)	£8.1m	£7.4m
Staff costs	£11.5m	£18.2m
Employees (average)	335	441
Ratios
Profit margin	19%	13.7%
Gross margin	84.5%	84.1%
Revenue per employee	£127k	£122k
Profit per employee	£24.2k	£16.8k
Cash conversion	98%	68.3%
Growth (year on year)
Revenue growth	—	▲26.6%
Profit growth	—	▼8.7%
Headcount growth	—	▲31.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£13.9m	£15.5m
Net assets	£21m	£28.3m
Fixed assets	£16.3m	£17.9m
Current assets	£24.6m	£30.4m
Debtors	£5m	£5.3m
Deferred income	—	£1.1m
Cash from operations	£9.9m	£6.6m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 13.7%; Profit ÷ revenue.
Gross margin: 84.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £122k; Revenue ÷ average employees.
Profit per employee: £16.8k; Profit ÷ average employees.
Cash conversion: 68.3%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 33.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.9%; 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: ▲35%; Now £28.3m
Cash at bank: ▲11%; Now £15.5m
Headcount: ▲32%; Now 441
Deferred income: —; Now £1.1m
Fixed assets: ▲9%; Now £17.9m

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jul 2023 (profit £7.4m), from the Companies House accounts bulk data published Dec 2023. 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.