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Company No. 04915118 · Incorporated 29 Sep 2003

Access Training (Wales) Limited

Registered name: ACCESS TRAINING (WALES) LIMITED

Part of Pena Holdings Ltd group

Access Training (Wales) Limited made £15.8m revenue and £3.2m profit in the year to 31 Dec 2024.

Access Training (Wales) Limited’s revenue grew 31% to £15.8m in the year to 31 Dec 2024, with £3.2m profit and 81 employees. The company is classified under “other education” and is based in Swansea; we hold 3 years of its filed accounts.

Full P&L filedSection P · EducationSIC 85590Other education n.e.c.
Status
Active
Location
Swansea, Wales
Age
23 yrs · since 2003
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. From the filing: “Innovate Learning Group Limited”

Latest accounts · year to 31 Dec 2024

Key figures

Capital-lightOperating leverageCash flow filed
Revenue
£15.8m
Growth ▲31.3%
Profit
£3.2m
Growth ▲38.6%
Profit margin
20.1%
Gross 85.5%
Employees
81
Change ▲19.1%
Profit / employee
£39.1k
Revenue/employee £195k
Profitable streak
3yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£8.5m£12m£15.8m
Cost of sales£973k£1.5m£2.3m
Gross profit£7.6m£10.5m£13.5m
Operating profit£2m£2.8m£4.3m
Profit before tax£1.8m£3m£4.3m
Profit after tax£1.3m£2.3m£3.2m
Profit (best available)£1.3m£2.3m£3.2m
Staff costs£2.9m£3.5m£4.4m
Employees (average)686881
Ratios
Profit margin15.2%19%20.1%
Gross margin88.6%87.4%85.5%
Revenue per employee£125k£177k£195k
Profit per employee£19k£33.6k£39.1k
Cash conversion−93.2%−99.9%−89.6%
Growth (year on year)
Revenue growth—▲40.9%▲31.3%
Profit growth—▲76.4%▲38.6%
Headcount growth—0%▲19.1%
Balance sheet — indirect signals, not revenue
Cash at bank£3.9m£5.1m£1.6m
Net assets£2.5m£4.4m£701k
Fixed assets£59k£38.5k£59.2k
Current assets£6.4m£9.2m£6.9m
Debtors£1.2k£4m£5.3m
Deferred income£2m£3m—
Cash from operations−£1.8m−£2.8m−£3.8m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
20.1%
Profit ÷ revenue.
Gross margin
85.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£195k
Revenue ÷ average employees.
Profit per employee
£39.1k
Profit ÷ average employees.
Cash conversion
−89.6%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.4%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
33.8%
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
▼84%
Now £701k
Cash at bank
▼69%
Now £1.6m
Headcount
▲19%
Now 81
Deferred income
—
Now —
Fixed assets
▲54%
Now £59.2k
Corporate ownership

Group structure

Ownership chain

  1. Pena Holdings Ltdultimate parent75–100%
  2. Access Training Enterprises Ltd75–100%
  3. Access Training (Wales) Limitedthis company

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

Subsidiaries (2)

Sister companies (6)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £3.2m), from the Companies House accounts bulk data published Sep 2025. 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.