Free to Learn Ltd
Registered name: FREE TO LEARN LTD
Part of Free to Learn Group Ltd groupFree to Learn Ltd made £462k profit in the year to 30 Jun 2023 (revenue not disclosed).
Free to Learn Ltd reported £462k profit in the year to 30 Jun 2023, down 49% on the year before; its revenue was not disclosed. It had 58 employees. The company is classified under “other education” and is based in Borehamwood; we hold 2 years of its filed accounts.
- Status
- In Administration
- Location
- Borehamwood, East of England
- Age
- 16 yrs · since 2010
- 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.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 |
|---|---|---|
| Disclosure | Profit only | Profit only |
| Profit & loss | ||
| Revenue (turnover) | — | — |
| Cost of sales | £3m | £3.4m |
| Profit after tax | £912k | £462k |
| Profit (best available) | £912k | £462k |
| Staff costs | £1.9m | £2m |
| Employees (average) | 62 | 58 |
| Ratios | ||
| Profit margin | — | — |
| Profit per employee | £14.7k | £8k |
| Growth (year on year) | ||
| Profit growth | — | ▼49.3% |
| Headcount growth | — | ▼6.5% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £294k | £326k |
| Net assets | — | £10.4m |
| Fixed assets | £737k | £1.3m |
| Debtors | £41.9k | £17.8k |
| Deferred income | £240k | £74.3k |
| Cash from operations | −£497k | −£1.1m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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 £10.4m
- Cash at bank
- ▲11%
- Now £326k
- Headcount
- ▼6%
- Now 58
- Deferred income
- ▼69%
- Now £74.3k
- Fixed assets
- ▲77%
- Now £1.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Free to Learn Group Ltdultimate parent75–100%
- Free to Learn Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Design Skills LimitedActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Jun 2023 (profit £462k), from the Companies House accounts bulk data published Jun 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.