THE INDEPENDENT SCHOOLS' BURSARS ASSOCIATION

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

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on these considerations the Board consider that the going concern basis for the Association is appropriate.”

Group structure

1. THE INDEPENDENT SCHOOLS' BURSARS ASSOCIATION · parent
   1. ISBA Enterprises Limited 100% · England and Wales · trading activities relating to the Association
   2. ISBA Recruitment Limited 100% · England and Wales · recruitment activities
   3. ISBA Bursar Search Limited 100% · England and Wales · dormant

Significant events

• “A change of government, earlier than anticipated, had an effect on GDP which was cautiously optimistic. That optimism evaporated with the new government's autumn economic statement which announced an increase in national insurance contributions for employers, the reduction of the national insurance threshold and an increase in national minimum and living wages.”
• “The imposition of VAT was announced on 29 July 2024 with an inception date of 1 January 2025. From the date of the announcement, schools were calling on ISBA advice and services to prepare themselves for this unexpectedly early, self-assessed tax.”
• “The ISBA Board agreed to establish a £500,000 "fighting fund" to support member schools in the event that the worst-case Labour proposals came to fruition, which is what has happened.”

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

3

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

  +13.5%

  £3,420,559 → £3,883,500

• Cash

  +3.4%

  £408,307 → £422,004

• Net assets

  +2.6%

  £1,903,862 → £1,952,495

• Employees

  +26.7%

  15 → 19

• Profit before tax

  -109.1%

  £372,548 → -£33,929

• Wages

  +31.7%

  £850,441 → £1,119,734

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