ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED

• ⚠

  Material uncertainty over going concern

  The Governors have concluded that while the financial situation has improved over the year to 31 August 2024, the current uncertainty in the market following the introduction of VAT and reduction in pupil numbers continues to give rise to a material uncertainty which may cast significant doubt on the School's ability to continue as a going concern. The budgets and forecasts are very sensitive and there is a material uncertainty over whether the overdraft facility will remain in place. In addition the bank loan is due for repayment in August 2025 and there it is uncertain whether the term of the loan will be extended. These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the School's ability to continue to operate as a going concern.

• ◆

  13 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

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Governors have concluded that while the financial situation has improved over the year to 31 August 2024, the current uncertainty in the market following the introduction of VAT and reduction in pupil numbers continues to give rise to a material uncertainty which may cast significant doubt on the School's ability to continue as a going concern. The budgets and forecasts are very sensitive and there is a material uncertainty over whether the overdraft facility will remain in place. In addition the bank loan is due for repayment in August 2025 and there it is uncertain whether the term of the loan will be extended. These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the School's ability to continue to operate as a going concern.”

Group structure

1. ORWELL PARK SCHOOL EDUCATIONAL TRUST LIMITED · parent
   1. Events at Orwell Park Limited 100% · England and Wales · Dormant

Significant events

• “The announcement on 29 July 2024 of the introduction of VAT on independent school fees from 1 January 2025 has created additional uncertainty and financial risk for the school.”
• “Business rates relief has been removed from 1 April 2025 and significant rises to Employer's National Insurance and minimum wage levels were announced in October 2024, which all have a negative impact on the school finances.”
• “Pupil numbers reduced to 239 in the summer term 2024, a reduction of 11% from the prior year, though the number of discounted fees reduced from 14% to 11% of total fee income.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

13

last 12 months

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

• Turnover

  +22%

  £4,398,553 → £5,368,266

• Cash

  +112,880.7%

  £777 → £877,860

  highest in 5 filed years

• Net assets

  +8.2%

  £4,797,015 → £5,188,602

• Employees

  +4%

  99 → 103

• Wages

  +7.8%

  £2,540,658 → £2,738,415

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