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Can someone help me understand this companies finances?


https://suite.endole.co.uk/insight/company/0815...
looks like they have a lot of money? no?

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Since writing this post Anonymous may have helped people, but has not within the last four (4) days.
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lot, money, understand, companies, finances
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PepperJ
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They have some money

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Anonymous
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PepperJ wrote:
They have some money

i think something fishy is going on they are claiming to have so little and be unable to supply basic support and yet they look to have 3 million in the bank?!

Helpcomanimatedyetiwithdot256
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last online: 06/22, 14:37
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Hate to play devil's advocate, but I'm not sure this sort of report alone will indicate a specific issue. They've doubled in employees & liabilities plus a bit of net assets (likely not acquired with cash but adding to debt), which could be an expansion.
Finances are complex. Could have plenty of money and still go bankrupt, or have nothing extra to offer a specific cause. Depends on how the budget is distributed. Generally, in developed countries companies' employees are the largest expense. Particularly high ups.
I sincerely advise you not to overthink it. To see all yet remain incapable of making any difference is torture. Assist whomever you can reach, with the tools in your disposal. Whilst this may include leadership which could solve the bigger problems, it must be backed up by a myriad other qualities, influence and fortune to succeed. Persistent protest might prevail, or result in retaliation. Ranting, sorry, will stop here.

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Electric
BA1
last online: 01/25, 20:20
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Not much money.
Employing 250 on 50m pounds (does not incl expendatures)
1 secretary 4 directors - That's one busy secretary!

The company has survived more than five years. From a commercial view, they're on life support, however many "institutions" of education receive supplementary funding by the government.

Pay your money, take you chances. It's the way of things.

Cjg0wsg
SlightlyUnique
last online: 11/22, 22:44
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Hey Big al - thats a company secretary, rather than a normal one ๐Ÿ˜€

Anyway - anon! I want to know why you want to know, because if you give a good answer i'll show you where to find the full accounts, and can walk you through them...

On the surface from having a look at their accounts - they are doing fine :)

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Anonymous
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SlightlyUnique wrote:
Hey Big al - thats a company secretary, rather than a normal one ๐Ÿ˜€

Anyway - anon! I want to know why you want to know, because if you give a good answer i'll show you where to find the full accounts, and can walk you through them...

On the surface from having a look at their accounts - they are doing fine :)

It's a special needs school and I am concerned the students are not getting near the support they deserve. I just keep hearing there's no money no funding no way. But it's an academy so four schools under the funding and one of the schools seems to be better off financially.

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SlightlyUnique
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Hm.. interesting! - Well, in which case click this link :

[link]https://s3-eu-west-1.amazonaws.com/document-api.../link]

Thats a full set of their accounts (public domain - nothing illegal here :) ) Do note that the most recent set is over a year old (31 August 2016) - they should be putting up a new set soon, given that they are overdue. That in itself is perhaps a warning sign, but based on the 2016, they have been posting decent profits - 1.7 mil in 2016, and 135k in 2015.

That said, they do have quite a lot under restricted covenants - as in they can only use it in certain regards.

Now - there is a lot there (51 pages!) so I would say have a read, and if there is something you don't understand, reply here and i'll try and clarify (from what I can read) for you :)

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SlightlyUnique
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hmm... can't make that link a clickable one - anyone know how and can show me? :)

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Anonymous
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SlightlyUnique wrote:
hmm... can't make that link a clickable one - anyone know how and can show me? :)

Hm can't get it to copy paste right either lol. Thankyou tho x

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SlightlyUnique
last online: 11/22, 22:44
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Hm. Ok! Try this link :

https://beta.companieshouse.gov.uk/company/0815...

Then click the view pdf by this one : 16 Jan 2017 Full accounts made up to 31 August 2016

Helpcomanimatedyetiwithdot256
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Morning. Have had a thought; Seems their primary income is this grant, and haven't seen any mention of when it's paid out (assuming yearly), so these funds might be necessary to cover the rest of the year, for example. Otherwise, there's mention of -1m going to creditors on p28 (26), something about reserves for pensions elsewhere. P38-44 (36-42) show the expenses' distribution, including a bit per school basis.

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