LEARNING TECHNOLOGIES GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-17 (in 10mo)
Last made up 2026-03-03
Watchouts
Cash
£105M
+44.9% vs 2023
Net assets
£478M
+11.9% vs 2023
Employees
4,245
-17% vs 2023
Profit before tax
£71M
+56.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 5 times since incorporation — the current trading name was adopted 2025-04-23
- LEARNING TECHNOLOGIES GROUP LIMITED 2025-04-23 → present
- LEARNING TECHNOLOGIES GROUP PLC 2013-11-07 → 2025-04-23
- IN-DEED ONLINE PLC 2011-06-02 → 2013-11-07
- IN-DEED ONLINE LIMITED 2011-04-04 → 2011-06-02
- CROSSBILL LIMITED 2010-07-08 → 2011-04-04
- RIGHTMOVE LAWYERS LIMITED 2010-03-03 → 2010-07-08
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £568,474,000 | £497,872,000 | |
| Operating profit | £58,707,000 | £52,752,000 | |
| Profit before tax | £45,607,000 | £71,494,000 | |
| Net profit | £29,454,000 | £52,361,000 | |
| Cash | £72,522,000 | £105,076,000 | |
| Total assets less current liabilities | £567,989,000 | £487,753,000 | |
| Net assets | £427,231,000 | £477,932,000 | |
| Equity | £427,231,000 | £477,932,000 | |
| Average employees | 5,113 | 4,245 | |
| Wages | £264,665,000 | £220,565,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.3% | 10.6% | |
| Net margin | 5.2% | 10.5% | |
| Return on capital employed | 10.3% | 10.8% | |
| Gearing (liabilities / total assets) | 42.9% | 34.1% | |
| Current ratio | 1.28x | 1.07x | |
| Interest cover | 4.15x | 5.10x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors report that the going concern basis is appropriate for a period of at least 12 months from the approval of these financial statements. Full details of the going concern assessment for the Group and the Company are provided at note 2, on page 47.”
Group structure
- LEARNING TECHNOLOGIES GROUP LIMITED · parent
- Learning Technologies Group Holdings (UK) Limited 100%
- Preloaded Limited 100%
- Rustici Software LLC 100%
- NetDimensions (UK) Limited 100%
- E-Creators Pty. Ltd. 100%
Significant events
- “On 4 December 2024, the boards of directors of LTG and Leopard UK Bidco Limited (“Bidco”), a newly formed company ultimately owned by funds managed by GASC APF, L.P. and certain of its managed funds (including Atlantic Park), accounts and/or affiliates, announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Bidco of the entire issued and to be issued share capital of LTG (the ‘Acquisition’).”
- “On 24 March 2025, LTG announced that the Court had sanctioned the Scheme at the Sanction Hearing held earlier on the same date, and on 31 March the Scheme became effective. As a result, LTG de-listed from the London Stock Exchange through cancellation of the LTG shares traded on AIM. It re-registered as a private limited company on 23 April 2025.”
- “On 1 July 2024, VectorVMS was sold to PIXID Group for $50 million.”
- “On 2 January 2024, the Group sold Lorien for a cash consideration of £21.4 million (2023: £16.8 million)... profit on disposal of £15.5 million (2023: £12.1 million).”
- “On 1 July 2024, the Group sold Vector for a cash consideration of £50.0 million (2023: £39.5 million)... profit on disposal of £17.1 million (2023: £13.4 million).”
- “On 31 March 2025, the immediate parent of Learning Technologies Group Limited (formerly Learning Technologies Group plc) was Leopard UK Bidco Limited, a company registered in England and Wales (no. 16077744).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALSH, Claire, Ms. | Secretary | 2019-12-01 | — | — |
| BRODE, Andrew Stephen | Director | 2013-11-08 | Sep 1940 | British |
| SATCHELL, Jonathan David | Director | 2013-11-08 | Oct 1966 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELTON, Neil Anthony | Secretary | 2014-11-03 | 2019-12-01 |
| JONES, Richard | Secretary | 2013-11-08 | 2014-11-03 |
| BODDIE, Simon | Director | 2020-10-01 | 2025-03-31 |
| CHAPPLE, Aimie Nicole Smith | Director | 2018-09-03 | 2025-03-31 |
| ELTON, Neil Anthony | Director | 2014-11-03 | 2021-12-01 |
| GORDON, Peter Charles | Director | 2016-04-01 | 2017-04-04 |
| GORDON, Peter Charles | Director | 2010-07-07 | 2013-11-08 |
| HILL, Harry Douglas | Director | 2010-03-03 | 2018-10-31 |
| JONES, Richard | Director | 2014-06-24 | 2014-11-03 |
| KEARNEY-CROFT, Katharina Helen Marie | Director | 2021-12-01 | 2025-03-31 |
| LEA, Piers, Mr. | Director | 2014-06-24 | 2025-03-31 |
| MOUNTFORD, Peter | Director | 2013-11-08 | 2014-09-23 |
| REED, Leslie-Ann | Director | 2014-06-24 | 2025-03-31 |
| SMILEY, Craig | Director | 2010-09-30 | 2011-05-26 |
| SOLOMON, Dale | Director | 2014-06-24 | 2018-11-16 |
| WILLIAMSON, Philip Frederick | Director | 2011-05-26 | 2013-11-08 |
| ZHILIN, Boris | Director | 2010-08-03 | 2013-11-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jonathan David Satchell | Individual | Significant influence | 2025-04-01 | Active |
| Mr Andrew Stephen Brode | Individual | Shares 25–50% | 2025-04-01 | Active |
| Leopard Uk Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-31 | Ceased 2025-04-28 |
| Leopard Jersey Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-31 | Active |
Filing timeline
Last 20 of 209 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-30 RESOLUTIONS Resolution
- 2025-04-23 CERT10 Certificate re registration public limited company to private
- 2025-04-23 RR02 Reregistration public to private company
- 2025-04-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-31 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-17 | AD04 | address | Move registers to registered office company with new address | |
| 2025-12-30 | SH20 | capital | Legacy | |
| 2025-12-30 | CAP-SS | insolvency | Legacy | |
| 2025-12-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-11-10 | CH01 | officers | Change person director company with change date | |
| 2025-10-10 | AA | accounts | Accounts with accounts type group | |
| 2025-07-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-04-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-23 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-04-23 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-04-23 | MAR | incorporation | Re registration memorandum articles | |
| 2025-04-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-12 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-12.4%
£568,474,000 £497,872,000
-
Cash
+44.9%
£72,522,000 £105,076,000
-
Net assets
+11.9%
£427,231,000 £477,932,000
-
Employees
-17%
5,113 4,245
-
Operating profit
-10.1%
£58,707,000 £52,752,000
-
Profit before tax
+56.8%
£45,607,000 £71,494,000
-
Wages
-16.7%
£264,665,000 £220,565,000
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