NORWOOD SCHOOLS LTD.

1. NORWOOD SCHOOLS LTD. 2002-12-06 → present
2. NORWOOD RAVENSWOOD SCHOOLS LTD 1997-02-05 → 2002-12-06
3. RAVENSWOOD SCHOOLS LIMITED 1953-03-09 → 1997-02-05

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

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Work has been carried out to assess the going concern of the charity, factoring in additional assessments and financial forecast scenarios. The majority of Norwood's income is secure as it arises from statutory sources. The trustees do not consider there to be any significant uncertainty regarding the charity's ability to continue as a going concern over this period.”

Significant events

• “In September 2024, our Unity short breaks services moved to an alternative Norwood location known as The Hub in northwest London, to enable us to expand our offer.”
• “The Board's Ravenswood Steering Group continued to discuss next steps for Ravenswood Village, our purpose-built multi-home site providing supported living and residential care for adults with neurodevelopmental disabilities or autism.”
• “We continued our ambitious fee review, which will continue into 2025/6.”
• “Norwood commissioned a full property condition survey across all our London-based homes.”
• “We continued to focus on enhancing staff satisfaction and retention.”
• “We developed and implemented a pay and recognition review to ensure our pay is fair, consistent, and financially sustainable.”
• “The recommendations in the Bayes Business School's review of Norwood's governance were implemented from September 2024.”
• “By the end of 2024/25, Norwood was supported by 192 (2024: 173) volunteers across services, cultural programmes, and head office.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +4.4%

  £23,068,000 → £24,087,000

• Cash

  -54.8%

  £982,000 → £444,000

• Net assets

  +1.4%

  £33,392,000 → £33,873,000

• Employees

  -2.7%

  703 → 684

• Operating profit

  +416%

  £306,000 → £1,579,000

• Wages

  +11.2%

  £16,581,000 → £18,445,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers