Free to Learn Group LtdDissolved
Registered name: FREE TO LEARN GROUP LTD
Free to Learn Group Ltd made £11.4m revenue and £618k profit in the year to 30 Jun 2023. read from filing text
Free to Learn Group Ltd’s revenue grew 11% to £11.4m in the year to 30 Jun 2023, with £618k profit and 0 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
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.
Key figures
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 | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £10.3m | £11.4m |
| Cost of sales | £3m | £3.4m |
| Gross profit | £7.3m | £8m |
| Operating profit | £1.3m | £1.1m |
| Profit before tax | £1.1m | £862k |
| Profit after tax | £749k | £618k |
| Profit (best available) | £749k | £618k |
| Staff costs | £0 | £0 |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 7.3% | 5.4% |
| Gross margin | 71.2% | 70.5% |
| Cash conversion | −87% | −180.3% |
| Growth (year on year) | ||
| Revenue growth | — | ▲10.6% |
| Profit growth | — | ▼17.6% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £100 | £100 |
| Net assets | — | — |
| Fixed assets | £837k | £2.3m |
| Current assets | £100 | £2.2m |
| Debtors | £0 | £0 |
| Deferred income | £0 | £0 |
| Cash from operations | −£1.1m | −£2m |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- 5.4%
- Profit ÷ revenue.
- Gross margin
- 70.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- −180.3%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 20.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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 —
- Cash at bank
- 0%
- Now £100
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £0
- Fixed assets
- ▲176%
- Now £2.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Free to Learn LtdIn AdministrationRev. — · Profit £462k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Jun 2023 (profit £618k), 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.