NORTHERN COLLEGE FOR RESIDENTIAL ADULT EDUCATION LIMITED(THE)

• ⚠

  Material uncertainty over going concern

  Accordingly, after making appropriate enquiries, the Board of Governors have concluded that there is a reasonable expectation that the College has adequate resources to continue in operational existence and settle its liabilities as they fall due for the period of its cashflow forecast being to 31 July 2027 and has a reasonable expectation that funding conditions will be met, acknowledging there is evidence of some challenges in relation to funding rates for residential provision from SYMCA beyond 31 July 2027. However, as the College is in the process of merger discussions with Barnsley College, in which due diligence is currently ongoing and the merger is not yet been formally agreed and signed off by the Secretary of State, but the Board has a reasonable expectation that it will go ahead, this creates a material uncertainty that may cast significant doubt on the college's ability to continue as a going concern. For this reason, the College adopts a going concern basis with material uncertainty in preparing the financial statements.

• ◆

  7 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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Accordingly, after making appropriate enquiries, the Board of Governors have concluded that there is a reasonable expectation that the College has adequate resources to continue in operational existence and settle its liabilities as they fall due for the period of its cashflow forecast being to 31 July 2027 and has a reasonable expectation that funding conditions will be met, acknowledging there is evidence of some challenges in relation to funding rates for residential provision from SYMCA beyond 31 July 2027. However, as the College is in the process of merger discussions with Barnsley College, in which due diligence is currently ongoing and the merger is not yet been formally agreed and signed off by the Secretary of State, but the Board has a reasonable expectation that it will go ahead, this creates a material uncertainty that may cast significant doubt on the college's ability to continue as a going concern. For this reason, the College adopts a going concern basis with material uncertainty in preparing the financial statements.”

Significant events

• “The College is currently working towards a voluntary merger with Barnsley College during 2025/26.”
• “On 29th November 2022 Colleges were reclassified by Office of National Statistics (ONS) into the central government sector.”
• “In March 2025 the College approved its 2023/24 Financial Statements with 'full going concern and no material uncertainty'.”
• “In May 2025 the College won the Educate North Award for Social Mobility.”

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

3

last 12 months

Officers resigned

7

last 12 months

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

• Turnover

  +10.8%

  £4,253,000 → £4,713,000

  highest in 3 filed years

• Cash

  +21.4%

  £42,000 → £51,000

• Net assets

  +1.6%

  £3,590,000 → £3,649,000

  highest in 3 filed years

• Employees

  -13.2%

  68 → 59

  lowest in 3 filed years

• Operating profit

  -81.8%

  £258,000 → £47,000

  first positive since 2023

• Profit before tax

  -47%

  £355,000 → £188,000

  first positive since 2023

• Wages

  +7.9%

  £1,868,000 → £2,015,000

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