FUTURES ADVICE, SKILLS AND EMPLOYMENT LIMITED

1. FUTURES ADVICE, SKILLS AND EMPLOYMENT LIMITED 2013-12-03 → present
2. NOTTINGHAM AND NOTTINGHAMSHIRE FUTURES LIMITED 2010-04-08 → 2013-12-03
3. CONNEXIONS NOTTINGHAMSHIRE LIMITED 2001-12-10 → 2010-04-08
4. YORKCO 167G LIMITED 2001-03-05 → 2001-12-10

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

IFRS

Reporting scope

Consolidated group

Auditor

PKF Smith Cooper Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Futures is a financially strong business with substantial cash reserves and no borrowing. As a result of this it is able to self-sustain its finances through the short to medium term and withstand the fluctuations. Board approved forecasts indicate that the Group and Company has adequate resources to meet is liabilities as they fall due for the foreseeable future.”

Group structure

1. FUTURES ADVICE, SKILLS AND EMPLOYMENT LIMITED · parent
   1. Nottingham and Nottinghamshire Youth Services Ltd 100%

Significant events

• “Over the next few years, we enter a period of significant change which presents some exciting opportunities but also brings a level of uncertainty in the short term. The Get Britain Working White Paper sets out a fundamental shift in the employment support landscape.”
• “The new funding commitments (Youth Guarantee and Connect to Work) made in the White paper will be channelled through EMCCA. Both represent good opportunities for Futures and align strongly with our purpose and expertise.”
• “Our 3-year plan sees Futures settle at an income level of circa £15m which is more sustainable long term and avoids the repeated cycles of growth and contraction that the company has been through in the last 25 years.”
• “2024/25 has been a challenging year. Our Skills division has seen the most operational and engagement challenges. Financially, the year was challenging in the first half but some new contract wins allowed us to finish the year achieving a £0.1m profit position.”
• “Our contract with Twin Training to deliver the Refugee Employability Programme in Nottingham has been extended to June 2025. Our contract with East Midlands Chamber of Commerce to deliver Individual Placement Support in Primary Care ended in March 2025.”
• “The further 6.7% rise in National Living Wage in April 2025 is putting pressure on our current pay scales, with the gap between minimum wage and skilled roles shrinking. None of our funding contracts factor in annual increases in contract value or unit payment rates.”

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

  -4.2%

  £14,609,576 → £13,999,689

• Cash

  -17.3%

  £3,956,191 → £3,270,231

• Net assets

  +1.8%

  £4,293,511 → £4,372,630

• Employees

  -16.6%

  325 → 271

• Operating profit

  +103%

  -£829,812 → £24,705

• Profit before tax

  +108.9%

  -£690,544 → £61,119

• Wages

  -15.6%

  £9,317,039 → £7,866,942

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