OAKWOOD SPECIALIST COLLEGES LIMITED

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  Material uncertainty over going concern

  Material uncertainty relating to going concern We draw attention to note 2.3 in the financial statements, which indicates that the company is dependent on the refinancing of the bank and other loans within the group which mature within 12 months from signing the financial statements. The group discloses a material uncertainty relating to going concern as the continuing ability of the group and parent company is dependent on the refinancing of the bank and other loans. This material uncertainty arises as the group's bank loans, other loans and associated balances within accruals are repayable within 12 months from signing the financial statements and the going concern status of the group is dependent on the refinancing of these. The lenders and loan note holders are supportive of the business and it is fully anticipated that the bank loan and loan note agreements will be extended or replaced as required. Should the refinancing not be agreed, the group would need to seek funding from alternative sources and this may be difficult to achieve on a short timescale. However, the directors acknowledge that this circumstance represents a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern.

1. OAKWOOD SPECIALIST COLLEGES LIMITED 2025-03-20 → present
2. PHOENIX LEARNING AND CARE LIMITED 2008-07-08 → 2025-03-20
3. EDUCATION AND CARE (DEVON) LIMITED 1998-06-24 → 2008-07-08

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

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Material uncertainty relating to going concern We draw attention to note 2.3 in the financial statements, which indicates that the company is dependent on the refinancing of the bank and other loans within the group which mature within 12 months from signing the financial statements. The group discloses a material uncertainty relating to going concern as the continuing ability of the group and parent company is dependent on the refinancing of the bank and other loans. This material uncertainty arises as the group's bank loans, other loans and associated balances within accruals are repayable within 12 months from signing the financial statements and the going concern status of the group is dependent on the refinancing of these. The lenders and loan note holders are supportive of the business and it is fully anticipated that the bank loan and loan note agreements will be extended or replaced as required. Should the refinancing not be agreed, the group would need to seek funding from alternative sources and this may be difficult to achieve on a short timescale. However, the directors acknowledge that this circumstance represents a material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern.”

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

1

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

  +9.6%

  £8,649,102 → £9,475,681

• Cash

  -69.8%

  £344,092 → £104,031

• Net assets

  -4.6%

  £3,435,343 → £3,278,287

• Employees

  +6.2%

  226 → 240

• Operating profit

  -246.8%

  £113,670 → -£166,904

• Profit before tax

  -264%

  £107,902 → -£176,984

• Wages

  +9.2%

  £5,598,442 → £6,113,778

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