STUDY GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-13
Overdue
Watchouts
Cash
£10M
-3.4% vs 2023
Net assets
£6M
-0.5% vs 2023
Employees
792
-1.2% vs 2023
Profit before tax
-£30M
-32.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-13.
Name history
Renamed 4 times since incorporation
- STUDY GROUP LIMITED 2020-01-02 → present
- BELLERBYS EDUCATIONAL SERVICES LIMITED 2002-02-20 → 2020-01-02
- BELLERBYS' EDUCATIONAL SERVICES LIMITED 1989-04-18 → 2002-02-20
- BELLERBY EDUCATIONAL SERVICES LIMITED 1989-02-06 → 1989-04-18
- ZIPSTORE LIMITED 1988-12-06 → 1989-02-06
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £112,752,000 | £112,159,000 | |
| Operating profit | -£19,924,000 | -£27,126,000 | |
| Profit before tax | -£22,784,000 | -£30,143,000 | |
| Net profit | -£22,821,000 | -£30,031,000 | |
| Cash | £10,539,000 | £10,180,000 | |
| Total assets less current liabilities | £67,142,000 | £84,109,000 | |
| Net assets | £5,759,000 | £5,728,000 | |
| Equity | £5,759,000 | £5,728,000 | |
| Average employees | 802 | 792 | |
| Wages | £26,638,000 | £26,472,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -17.7% | -24.2% | |
| Net margin | -20.2% | -26.8% | |
| Return on capital employed | -29.7% | -32.3% | |
| Gearing (liabilities / total assets) | 97.5% | 97.8% | |
| Current ratio | 1.18x | 1.09x | |
| Interest cover | -6.40x | -8.40x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Crowe LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these factors and Study Group's financial forecasts, the Directors have concluded that Study Group Limited has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of preparation in these financial statements.”
Group structure
- STUDY GROUP LIMITED · parent
- Study Group Ireland Limited 100%
Significant events
- “On 28 August 2025 the ultimate parent undertaking and controlling party of Study Group changed to funds managed by ICG PLC ("ICG").”
- “UK government policy surrounding visas and a 2024 summer of unrest and negative messaging around migration greatly affected student recruitment. The UK Home Office widely reported a 14% decrease in international student visa applications in 2024 compared to the previous year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLDEN, Alison Jean | Director | 2020-04-01 | Apr 1954 | British |
| BELFER, Simon Leo | Director | 2023-05-31 | Nov 1963 | British |
| BURNETT, Keith | Director | 2020-04-01 | Sep 1953 | British |
| CRICHTON, Ian Francis | Director | 2023-08-31 | Aug 1967 | British |
| GRIFFIN, Edward James | Director | 2023-01-27 | Apr 1965 | British |
| PITMAN, James Henry | Director | 2007-03-15 | Sep 1961 | British |
| RODRIGUEZ-FALCON, Elena Maria, Professor | Director | 2025-07-25 | Apr 1972 | British |
| STRAUGHAN, Keith, Professor | Director | 2026-02-04 | May 1960 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BULL, Gordon Anthony | Secretary | 2013-07-31 | 2020-04-01 |
| COOPE, Timothy John | Secretary | 2007-07-02 | 2013-07-31 |
| CORNES, Michael Henry | Secretary | 1999-09-10 | 2007-07-02 |
| GREENLAND, Duncan Taylor | Secretary | — | 1996-04-11 |
| MILLS, Andrew Roland | Secretary | 1996-04-11 | 1999-09-10 |
| BARNES, Allan David | Director | 2006-06-13 | 2006-10-04 |
| BULL, Gordon Anthony | Director | 2013-07-31 | 2020-04-01 |
| COLIN, Andrew Jeremy | Director | — | 1997-02-28 |
| COLLYER, John Andrew | Director | 1998-02-28 | 1999-09-10 |
| COOPE, Timothy John | Director | 2007-07-02 | 2015-09-29 |
| CORNES, Michael Henry | Director | 2003-01-06 | 2012-10-23 |
| CUNNINGTON, Mark John, Dr | Director | 2020-04-01 | 2023-11-17 |
| EVERETT, Michael John | Director | 2015-09-28 | 2020-10-02 |
| GREENLAND, Duncan Taylor | Director | — | 1998-02-28 |
| HALL, Nikki Lynne | Director | 2022-03-08 | 2023-01-27 |
| LANCASTER, Emma Voirrey | Director | 2015-04-23 | 2016-07-01 |
| MILLS, Andrew Roland | Director | 1999-09-10 | 2007-03-19 |
| MORGAN, Robert Wayne | Director | 2021-05-17 | 2025-11-08 |
| MORGAN, Robert Wayne | Director | 2018-10-01 | 2020-04-01 |
| PAMPLIN, Nigel | Director | 2001-12-19 | 2006-06-13 |
| PHILLIPS, Catherine Jane | Director | 2017-08-31 | 2018-05-18 |
| SYKES, John Buchanan | Director | 1997-02-28 | 2001-12-19 |
| THICK, Andrew Vincent Alexander | Director | 1999-09-10 | 2006-10-27 |
| WILLIAMS, Nicholas | Director | 2019-06-03 | 2023-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Study Group Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 204 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-16 | SH01 | capital | Capital allotment shares | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-07-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-21 | AA | accounts | Accounts with accounts type group | |
| 2024-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-22 | AA | accounts | Accounts with made up date | |
| 2023-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-09-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.5%
£112,752,000 £112,159,000
-
Cash
-3.4%
£10,539,000 £10,180,000
-
Net assets
-0.5%
£5,759,000 £5,728,000
-
Employees
-1.2%
802 792
-
Operating profit
-36.1%
-£19,924,000 -£27,126,000
-
Profit before tax
-32.3%
-£22,784,000 -£30,143,000
-
Wages
-0.6%
£26,638,000 £26,472,000
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