GREENBANK PROJECT (THE)

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

DSG Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a goingconcern basis. The trustees have considered the charity's financial position, cash flows, and forecasts for a period of at least twelve months from the date of approval of these financial statements. The charity continues to receive its principal funding from the Education & Skills Funding Agency and Local Authorities, and projected levels of funding for the forthcoming year are consistent with those received in previous years. Forecasts prepared by management indicate that the charity will maintain adequate cash reserves throughout the period under review. While certain cost pressures exist, including higher sessional staffing costs and some increases in overheads, these have been reflected in the projections and are not considered to threaten the charity's ability to meet its liabilities as they fall due. Loan repayments remain modest and within forecasted cash headroom. On this basis, and having reviewed the forecasts and assumptions, the trustees consider there to be no material uncertainties that cast significant doubt on the charity's ability to continue as a going concern, and the financial statements have therefore been prepared on a goingconcern basis.”

Significant events

• “Ofsted's findings were disappointing; The Greenbank Project was judged as making 'insufficient progress' in five of the six areas reviewed.”
• “Two key problems during 2024/25, which continued to hinder potential employment partners was the ever-rising energy costs and high inflation rates that have also led many businesses to focus solely on maintaining their operations, which has contributed to a shortage of placement opportunities available to the college.”
• “Greenbank held its second student Graduation Ceremony in the 2024/25 academic year.”
• “A 2024/25 awards ceremony was held on the last day of term.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +25.1%

  £2,355,693 → £2,946,736

• Cash

  -33.3%

  £75,384 → £50,264

• Net assets

  +0.2%

  £4,808,400 → £4,818,383

• Employees

  -20%

  90 → 72

  lowest in 6 filed years

• Wages

  +12.9%

  £1,523,354 → £1,719,911

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