PALMERS GREEN HIGH SCHOOL LIMITED

• ⚠

  Material uncertainty over going concern

  In view of the transfer to STAEG and decision to cease operations, the governors do not consider PGHS to be a going concern and therefore consider it appropriate to prepare the accounts on a basis other than that of a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In view of the transfer to STAEG and decision to cease operations, the governors do not consider PGHS to be a going concern and therefore consider it appropriate to prepare the accounts on a basis other than that of a going concern.”

Significant events

• “The Governors of Palmers Green High School Limited (PGHS) considered that, in view of the continuing fall in pupil numbers at the school, and the predicted operating forecast going forward, it was doubtful that it would continue to be financially viable beyond the current school year and, after considering a range of strategic options anticipated that the School would need to be closed.”
• “PGHS thus agreed to convey, transfer, assign and/or deliver (as appropriate) the Assets with effect from the 4th March 2026 with full title guarantee to STAEG and STAEG did from the Transfer Date acquire and take over the Business, together with such rights, title and interests which PGHS may have in the Assets.”
• “After careful consideration of all available options, the Governing Body concluded that there was no realistic prospect of the School returning to a sustainable financial position. As a result, the decision has been taken to cease operations.”

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

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -10.8%

  £4,188,175 → £3,734,571

• Cash

  -51.5%

  £2,489,455 → £1,207,854

• Net assets

  -0.6%

  £7,625,617 → £7,581,841

• Employees

  +3%

  66 → 68

• Operating profit

  -445%

  £125,619 → -£433,358

• Wages

  -0.1%

  £2,246,502 → £2,243,971

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