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Change Education Limited

09676878

active
Private Limited Company
england wales
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 08/07/2015

Compliance

Last accounts

30/09/2024

audit exemption subsidiary

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 27/08/2025

Due 10/09/2026

On track

Industry

78200
Temporary employment agency activities

Officers

Mr Christopher John Coyle

director · Since 08/07/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 29 other boards

Mr Christopher John Coyle

secretary · Since 01/05/2019

Also on 29 other boards

Mr Peter Groves

director · Since 01/12/2022

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 38

Also on 19 other boards

Persons with Significant Control

Greencastle Holdings Limited

75–100% shares

Kemp House, 152-160 City Road, London, EC1V 2NX

Notified 27/08/2020

Former PSCs

Mr Kevin Michael Coyle

Ceased 05/08/2019

Tapa Holdings Limited

Ceased 27/08/2020

Charges1 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 30/11/2021Registered 03/12/2021

CompanyRankvs 8034+ SIC 78200 peers
28

Financial strength36th percentile among SIC peers · 9/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.35× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength9/25 pts

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

Employees11/15 pts

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

Liquidity2/20 pts

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

Longevity11/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 30/09/2023

Turnover

£611k

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£79k

Cash in the bank

Profit Before Tax

-£217k

Bottom line earnings

Net Current Assets

-£332k

Working capital

Current Assets

£180k

Current Liabilities

£512k

Fixed Assets

£1k

Debtors

£100k

Cost of Sales

£334k

Gross Profit

£277k

Admin Expenses

£502k

Profit After Tax

-£217k

3avg. employees-3

Tax at Year End(2022)

Corp tax£5k

People Costs

Wages & salaries£184k
NI contributions£15k

Balance Sheet

Assets less current liabilities-£331k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.35
20220.70
20210.87
20200.63
20190.93
20180.64

Derived from filed accounts. Not audited figures.