EMPOWERING LEARNING LIMITED

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director believes the Company to be a going concern and the financial statements have been prepared on that basis. For the year ended 31 December 2024 the Company made a profit after tax of £0.9m (2023: profit of £0.9m) and had net liabilities of £11.2m (2023: £12.1m) and cash of £1.5m (2023: £2.1m) on its balance sheet as at 31 December 2024. The Director prepared and stress tested detailed budgets and cash flow forecasts based on a variety of scenarios, primarily focused on a downturn in trading, to gauge the effects on the Company specifically on revenue, trade debtors, working capital and the ability of the Duster Topco Limited group ('the Group') to satisfy group banking covenants and capital repayments. The cash flow forecasts and scenarios included mitigating actions management could take, such as reducing overheads and headcount to preserve cash. The Company has received financial support from its ultimate parent company, Duster Topco Limited, that amounts owed to group undertakings will not be called due for a period of at least 12 months from the date of the approval of these financial statements. Furthermore, the Company is to receive financial support from Duster Topco Limited, by way of assistance in meeting current obligations as and when they fall due, to the extent that existing cash reserves are fully utilised. Liquidity across the Group remains strong after a refinancing of senior debt facilities in June 2024. Based on this assessment the director is satisfied the Company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of the approval of these financial statements. As such, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “During the year, the Duster Topco Group of which the Company is part of, refinanced its senior debt facility. As part of this refinance the invoice discounting facility was retired.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.6%

  £24,057,427 → £26,358,479

• Cash

  -25%

  £2,063,431 → £1,547,673

• Net assets

  +7.4%

  -£12,141,725 → -£11,237,203

• Employees

  +0.4%

  477 → 479

• Operating profit

  -332.9%

  £320,691 → -£746,869

• Profit before tax

  -377.2%

  £277,368 → -£768,824

• Wages

  +12%

  £10,786,756 → £12,076,879

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