AXIOM EDUCATION (ROCHDALE) LIMITED

• ⚠

  Material uncertainty over going concern

  the directors believe it remains appropriate to prepare the financial statements on a going concern basis, although they note that the temporary nature of the formal waiver of the Event of Default by the lenders aligned with the close proximity of the expiry date and expected work completion indicates that a material uncertainty exists which may cast significant doubt over the Company's ability to continue as a going concern.

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

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“the directors believe it remains appropriate to prepare the financial statements on a going concern basis, although they note that the temporary nature of the formal waiver of the Event of Default by the lenders aligned with the close proximity of the expiry date and expected work completion indicates that a material uncertainty exists which may cast significant doubt over the Company's ability to continue as a going concern.”

Significant events

• “Since January 2023, the Gracie Fields Theatre, which forms part of the PFI estate at one of the schools has been closed due to persistent roof leaks. On 12 November 2024, the Company's insurance underwriter concluded that, due to the current condition of the roof, a restriction to the insurance cover for the Gracie Fields Theatre building is warranted. The restriction results in the cover being limited to fire, lighting, explosion, and aircraft. This restriction in insurance cover leads to a breach of the insurance requirements in the Finance Documents and triggers an event of default. The event of default means the senior lender could request settlement of their debt balance and is the reason that the bank loan of £17,169,000 has been classified as due within less than one year at the Balance Sheet date. A waiver of this breach from the lenders was received on 19th November 2025, lasting until 30th April 2026.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +12.7%

  £6,864,000 → £7,736,000

• Cash

  -6.9%

  £6,647,000 → £6,191,000

• Net assets

  +36.9%

  £1,354,000 → £1,853,000

• Employees

  —

  Not reported

• Operating profit

  +15.8%

  £506,000 → £586,000

• Profit before tax

  +12.3%

  £836,000 → £939,000

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