LIFETIME TRAINING GROUP LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-07-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£1M
+81.1% vs 2023
Net assets
£41M
+4.4% vs 2023
Employees
817
-7.6% lowest in 3 filed years
Profit before tax
£141K
+100.7% highest in 3 filed years
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-07-31
| Metric | Trend | 2020-08-01 | 2022-01-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|
| Turnover | — | £71,101,567 | £68,444,161 | £53,242,000 | |
| Operating profit | — | -£8,902,653 | -£20,681,435 | £141,000 | |
| Profit before tax | — | -£9,114,370 | -£21,189,416 | £141,000 | |
| Net profit | — | -£9,248,969 | -£21,189,416 | £1,743,000 | |
| Cash | — | £4,060,639 | £704,104 | £1,275,000 | |
| Total assets less current liabilities | — | £62,981,637 | £48,549,664 | £50,436,000 | |
| Net assets | — | £62,981,637 | £39,320,655 | £41,063,000 | |
| Equity | £72,230,606 | £62,981,637 | £39,320,655 | £41,063,000 | |
| Average employees | — | 955 | 884 | 817 | |
| Wages | — | £43,156,080 | £44,227,718 | £28,172,000 |
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 | 2020-08-01 | 2022-01-31 | 2023-07-31 | 2024-07-31 |
|---|---|---|---|---|---|
| Operating margin | — | -12.5% | -30.2% | 0.3% | |
| Net margin | — | -13.0% | -31.0% | 3.3% | |
| Return on capital employed | — | -14.1% | -42.6% | 0.3% | |
| Current ratio | — | — | — | 2.57x | |
| Interest cover | — | -42.05x | -39.98x | — |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Bishop Fleming LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- LIFETIME TRAINING GROUP LIMITED · parent
- Rapido Training Limited 100%
- Innovate Awarding Limited 100%
- Lifetime Training Limited 100%
- Lifetime Health and Fitness Limited 100%
- The IT Skills Management Company Limited 100%
- Intequal Limited 100%
Significant events
- “The rightsizing of the business in late 2023 has created financial stability and has transformed our trading performance with a return to profitability and cash generation.”
- “An Ofsted 2 'Good' award in the Spring of 2024.”
- “The balance sheet restructure and release of debt in June 2024 significantly strengthened the net asset position and balance sheet of the Group, enabling the business to tender on contracts it may previously have been excluded from.”
- “The Company underwent a full Ofsted inspection in May 2024 and we were pleased that the significant focus and investment in quality improvements was recognised with the award of a 'Good' rating.”
- “The Group's balance sheet was significantly strengthened in the period. In July 2024, debt of £43.3m was released by the borrower MTH Bidco Limited (a member of the Group).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOSWORTH, Charlotte Patricia | Director | 2025-05-25 | Aug 1973 | British |
| DENTON, Mark | Director | 2026-02-01 | Mar 1973 | British |
| GWINNELL, Diana Emily | Director | 2026-02-01 | Jul 1984 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLLIER, David Arthur | Secretary | 1998-07-01 | 2003-06-16 |
| DUNSTER, Sean Jeremy | Secretary | 2006-04-21 | 2008-12-14 |
| FRANKHAM, Heather Jane | Secretary | 1996-11-01 | 1997-08-01 |
| JONES, Sian | Nominee Secretary | 1996-10-15 | 1996-11-01 |
| MASKELL, Gillian | Secretary | 1997-08-01 | 1998-07-01 |
| MASSEY, Mary | Secretary | 2003-06-16 | 2006-04-21 |
| MITCHELL, Peter James | Secretary | 2009-11-02 | 2022-05-06 |
| BEADLE, Iain | Director | 2010-04-01 | 2011-08-26 |
| BEENEY, Michael James | Director | 2003-09-01 | 2010-06-01 |
| DUNSTER, Sean Jeremy | Director | 2006-10-01 | 2008-12-14 |
| DYER, Matthew John | Director | 1996-11-01 | 1997-08-01 |
| FOSTER, David Andrew | Director | 2009-04-23 | 2012-08-31 |
| FRANKHAM, Heather Jane | Director | 1996-11-01 | 2016-10-03 |
| GRAHAM, Jonathan Charles | Director | 2022-05-06 | 2023-07-14 |
| HAYDEN, Andrew | Director | 2011-08-25 | 2016-10-03 |
| HENCHOZ, Patrick | Director | 2009-04-23 | 2016-10-03 |
| HOUSE, Gerwyn Thomas | Director | 2006-10-01 | 2008-12-14 |
| HYATT, Michelle Margaret | Director | 2010-12-22 | 2011-08-26 |
| KHAN, Alex Phillip | Director | 2012-05-17 | 2022-04-29 |
| LEWIS, Nesta Margaret | Nominee Director | 1996-10-15 | 1996-11-01 |
| MASKELL, Gillian | Director | 1998-01-01 | 1998-10-30 |
| MASSEY, Mary | Director | 2004-06-01 | 2006-04-21 |
| MITCHELL, Peter James | Director | 2009-11-02 | 2022-05-06 |
| PATON, Robert James | Director | 2004-06-01 | 2011-08-26 |
| RODRIGUEZ, Jose Jesus Cesenas | Director | 2011-08-25 | 2016-10-03 |
| SKINNER, Charles David | Director | 2025-01-23 | 2025-10-20 |
| SMERDON, Jason Cosmo | Director | 2023-09-25 | 2025-01-23 |
| SMITH, David John | Director | 2023-07-11 | 2025-05-23 |
| WALLACE, Nigel David | Director | 2009-04-23 | 2011-08-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lvtg Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 170 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-04 | AA | accounts | Accounts with accounts type full | |
| 2024-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-12-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-21 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
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 2024-07-31 vs 2023-07-31
-
Turnover
-22.2%
£68,444,161 £53,242,000
lowest in 3 filed years
-
Cash
+81.1%
£704,104 £1,275,000
-
Net assets
+4.4%
£39,320,655 £41,063,000
-
Employees
-7.6%
884 817
lowest in 3 filed years
-
Operating profit
+100.7%
-£20,681,435 £141,000
highest in 3 filed years
-
Profit before tax
+100.7%
-£21,189,416 £141,000
highest in 3 filed years
-
Wages
-36.3%
£44,227,718 £28,172,000
lowest in 3 filed years
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