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Grangewood Educational Association

02435643

active
PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

GRANGEWOOD INDEPENDENT SCHOOL, FOREST GATE, E7 8QT
Incorporated 24/10/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85200
Primary education

Officers

Ms Jenise Elissa Elvina Jarvis

director · Since 29/08/2018

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 2 other boards

Mr Jones Agyeman

director · Since 07/04/2026

BRITISH · ENGLAND · Age 49

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 11/08/2003Registered 19/08/2003Satisfied 06/10/2017
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 30/11/1992Registered 09/12/1992Satisfied 06/10/2017
charge
satisfied

ALFRED MAURICE GEORGE COLE · DEREK HARRISON ROBERTSTHE TRUSTEES OF THE RAINBOW CHARITABLE TRUST · EILEEN OLIVE HOLT · OLIVER HUMPHREY VELLACOTT · LEONARD JOHN WICKS

Created 30/11/1992Registered 05/12/1992Satisfied 06/10/2017

CompanyRankvs 1853+ SIC 85200 peers
40

Financial strength2th percentile among SIC peers · 1/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.51× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1Aldwickbury School Trust Limited
90
2Stafford Independent Grammar School
90
3Appleford Limited
90
4Newton Prep Limited
90
5St George'S Weybridge
90
6Sevenoaks Preparatory School Limited
90
7Wakefield Grammar School Foundation
90
8St. Augustine'S Priory School Limited
90
9Ripplevale School Rochester Ltd
90
10St. John'S Preparatory & Senior School Limited
90
1853Grangewood Educational Association
46
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees13/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. The accounts have been prepared on a going concern basis, however, as noted on page 16 there is a material uncertainty regarding going concern. I note that the trustees are taking mitigating actions to improve performance, but am unable

Key FinancialsYear ending 31/08/2024

Net Worth

-£203k

Balance sheet strength

Cash

£39k

Cash in the bank

Net Current Assets

-£203k

Working capital

Current Assets

£215k

Current Liabilities

£419k

Debtors

£176k

20avg. employees+2

People Costs

Wages & salaries£548k

Balance Sheet

Assets less current liabilities-£203k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024_Charity

EstimatesDerived

YearCurrent RatioImplied Profit
20240.51-£88k
20230.49-£12k
20220.20-£130k
20211.22-£183k
20204.88-£186k
201914.77—

Derived from filed accounts. Not audited figures.