WORKING MEN'S COLLEGE CORPORATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the Corporation considers that the College has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The 2024-25 academic year was a landmark period for WM College, marked by a dual focus on celebrating our 170-year legacy and strategically positioning ourselves for the future.”
• “170th Anniversary Commemoration: In a significant milestone, we celebrated our deep roots in adult education with the publication of our second book 'The Working Men's College and the Tradition of Adult Education'.”
• “Good Work Standard Accreditation: The College received the Mayor of London's Good Work Standard accreditation, affirming our commitment to fair and inclusive employment practices.”
• “EDI Charter Adoption: In 2024, WM College signed the Association of Colleges EDI charter, committing to fostering a strong sense of belonging for all students and staff.”
• “Optimised Campus Provision: We successfully transitioned from rented premises in Kentish Town to a smaller, community-focused provision at Rhyl Primary School.”
• “Capital Investments: Long-awaited capital funding has begun to transform our historic Camden building. This year saw the refurbishment of the historic hall and the installation of new security gates at reception.”
• “Enhanced Cyber Security: Recognising the significant threat of cyber-attacks to the sector, we invested in an internal cyber security audit by specialists Solace Global.”
• “Addressing Challenges and Looking Ahead: Like many in the sector, we faced funding cuts, which necessitated a difficult but necessary restructuring to align our staffing-to-income ratio with Department for Education benchmarks.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.3%

  £7,247,000 → £7,562,000

• Cash

  -40%

  £1,454,000 → £872,000

• Net assets

  +3.3%

  £13,787,000 → £14,243,000

• Employees

  +7.4%

  204 → 219

• Operating profit

  -173.9%

  -£69,000 → -£189,000

• Profit before tax

  +13.4%

  £402,000 → £456,000

• Wages

  +9.2%

  £4,102,000 → £4,481,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers