How much does Change Education Limited make?

Change Education Limited reported revenue of £611k and a loss of £217k in the year to 30 Sep 2023, according to its accounts filed at Companies House.

How many employees does Change Education Limited have?

Change Education Limited reported an average of 3 employees in the year to 30 Sep 2023.

Is Change Education Limited profitable?

No — Change Education Limited reported a loss of £217k in the year to 30 Sep 2023.

Company No. 09676878 · Incorporated 8 Jul 2015

Change Education Limited

Registered name: CHANGE EDUCATION LIMITED

Part of Blackwater Capital Holdings Limited group

Change Education Limited made £611k revenue and a £217k loss in the year to 30 Sep 2023.

Change Education Limited’s revenue fell 7% to £611k in the year to 30 Sep 2023, with a loss of £217k and 3 employees. The company is classified under “temporary employment agency activities” and is based in Harrow; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 78200Temporary employment agency activities

Status: Active
Location: Harrow, London
Age: 11 yrs · since 2015
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 30 Sep 2023

Key figures

Small teamCapital-lightCash flow filed

Revenue

£611k

Growth ▼7.4%

Profit

−£217k

Growth —

Profit margin

−35.4%

Gross 45.4%

Employees

Change ▼50%

Profit / employee

−£72.2k

Revenue/employee £204k

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	30 Sep 2022	30 Sep 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£660k	£611k
Cost of sales	£247k	£334k
Gross profit	£413k	£277k
Profit before tax	−£95.8k	−£217k
Profit after tax	−£95.8k	−£217k
Profit (best available)	−£95.8k	−£217k
Staff costs	£297k	£199k
Employees (average)	6	3
Ratios
Profit margin	−14.5%	−35.4%
Gross margin	62.5%	45.4%
Revenue per employee	£110k	£204k
Profit per employee	−£16k	−£72.2k
Growth (year on year)
Revenue growth	—	▼7.4%
Headcount growth	—	▼50%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.8k	£79k
Net assets	−£114k	−£331k
Fixed assets	£1.3k	£1k
Current assets	£266k	£180k
Debtors	£210k	£36.9k
Deferred income	£4k	£4k
Cash from operations	£164k	£112k
Source	FullAccounts · bulk data Oct 2024	FullAccounts · bulk data Oct 2024

Derived from the latest filing

How the business works

Profit margin: −35.4%; Profit ÷ revenue.
Gross margin: 45.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £204k; Revenue ÷ average employees.
Profit per employee: −£72.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 6%; 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 −£331k
Cash at bank: ▲1059%; Now £79k
Headcount: ▼50%; Now 3
Deferred income: 0%; Now £4k
Fixed assets: ▼25%; Now £1k

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

Blackwater Capital Holdings Limited (registered outside the UK register)ultimate parent75–100%
Greencastle Holdings Limited75–100%
Change Education Limitedthis company

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

Sister companies (14)

Coyle Personnel LimitedRev. £113m · Profit £2.5m
Direct Healthcare 24 LimitedRev. £22.5m · Profit £3m
Greencastle Solutions (UK) LimitedRev. £20.1m · Profit £12.9k
Nutrix Personnel LimitedRev. £16.7m · Profit £734k
Mayday Healthcare LimitedRev. £16.6m · Profit £719k
Alert Health 24 LimitedRev. £8.4m · Profit £1m
Plan B Healthcare LimitedRev. £6.9m · Profit £349k
Zentro Solutions LimitedRev. £4.2m · Profit £344k
Genesis Health Partners LimitedRev. £3.5m · Profit £215k
Bridgeway Care Solutions LimitedRev. £2.4m · Profit £77.7k
Panther Software LimitedRev. £574k · Profit £269k
Coyle Family Investments LtdRev. £0 · Profit £772k
Amc Professional LimitedFigures not disclosed
Luna Care Holdings LimitedFigures not disclosed

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

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Sep 2023 (profit −£217k), from the Companies House accounts bulk data published Oct 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.