OPEN COLLEGE NETWORK LONDON REGION

• ◆

  3 officer resignations in last 12 months

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

1. OPEN COLLEGE NETWORK LONDON REGION 2005-05-25 → present
2. LONDON OPEN COLLEGE NETWORK 1998-03-20 → 2005-05-25
3. LONDON OPEN COLLEGE FEDERATION 1994-02-03 → 1998-03-20
4. VALIDSURE LIMITED 1993-11-29 → 1994-02-03

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

Sayer Vincent LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.”

Significant events

• “Awarded the City of London Gold Award at the London Chamber of Commerce and Industry (LCCI) SME London Business Awards 2025.”
• “Gained Ofqual approval to provide apprenticeship end point assessment services for the newly introduced foundation apprenticeships.”
• “Undertook an internal restructure to ensure that the organisation is best placed to deliver our new aims and objectives.”
• “Established a new strategic plan for 2025-30.”
• “Issued our 10,000th microcredential since the product's launch in November 2023.”
• “Retained Cyber Essentials Plus accreditation demonstrating that OCNLR has enhanced levels of cybersecurity protection.”
• “For the first time in five years, we were able to hold an in-person ceremony for the learners to receive their awards.”
• “The financial year 2024-25 also heralded the end of our 2022-25 strategic plan where, thanks to the support of OCNLR's Board of Trustees and the executive team, all objectives were met.”
• “In June 2025, OCN London exercised the break clause in its tenancy agreement. As of the year-end date, the organisation took a prudent approach by impairing the previously capitalised office improvement.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

4

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

  +8.2%

  £1,937,913 → £2,096,030

• Cash

  +54.6%

  £479,224 → £740,768

• Net assets

  +22.3%

  £910,339 → £1,113,685

• Employees

  -16%

  25 → 21

• Operating profit

  +8,306.9%

  £2,328 → £195,712

• Profit before tax

  +9,887.5%

  £2,036 → £203,346

• Wages

  -2.6%

  £913,692 → £889,582

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