MATHEMATICS IN EDUCATION AND INDUSTRY

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

Sumer Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' 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 charitable 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.”

Significant events

• “The unexpected General Election in July meant the tendering process for new AMSP and NCETM contracts was delayed, with the expectation that the new government would issue ITTs in November. In the event, further extensions to both contracts were granted to the end of academic year 2025/26.”
• “The changes to the AMSP necessitated discontinuing the externally employed Regional Lead team and Area Coordinator network, employing a new team of Local Leads and significantly restructuring MEI's staff, including through a voluntary leavers' scheme.”
• “On 1st August 2024 MEI, following a competitive tender process, Cutter Group was appointed as MEI's new managed services provider (MSP), replacing Nebula IT Services Limited.”
• “Work began on meeting the ISO 27001 standard which is due to be completed in the next financial year.”
• “The brand has been used to create a new website, to be launched in 2025/26.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +4.1%

  £10,782,594 → £11,222,229

• Cash

  +22.1%

  £1,359,446 → £1,659,830

• Net assets

  +2.5%

  £1,071,681 → £1,098,706

• Employees

  -8.7%

  196 → 179

• Operating profit

  +99.1%

  -£229,953 → -£1,976

• Profit before tax

  +99.1%

  -£229,953 → -£1,976

• Wages

  -2.6%

  £4,738,628 → £4,616,830

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