IEXEL EDUCATION TRUST

1. IEXEL EDUCATION TRUST 2022-11-18 → present
2. IEXCEL EDUCATION TRUST 2022-11-16 → 2022-11-18
3. FEVERSHAM EDUCATION TRUST 2016-02-17 → 2022-11-16
4. FEVERSHAM COLLEGE 2011-07-07 → 2016-02-17

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

Auditor

Clive Owen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of the Trust believe the organisation is a going concern both now and into the future. There are no current concerns that would undermine the financial feasibility of the Trust.”

Significant events

• “The Trust grew from humble beginnings in 1984 with 24 pupils, moved to a new site in 1993 to meet the growing demand for places and became a Voluntary Aided School in 2001 to ensure that the high-quality provision was accessible by all and not just those who could afford the fees. In 2012 the founder school converted to academy status and in 2016 formed the Feversham Education Trust, in order to build a network of Academies where every Academy is high performing or on a clear trajectory to become so. As part of future growth strategy, a major rebranding exercise was carried out and Feversham Education Trust became iExel Education Trust in November 2022 with a new logo and a new strapline (Creating Brighter Futures). The Trust currently operates two secondary academies and a primary academy.”

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

Filings

4

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

  +5.2%

  £15,379,000 → £16,176,000

• Cash

  -35.5%

  £1,699,000 → £1,096,000

• Net assets

  -3.7%

  £33,242,000 → £32,015,000

• Employees

  +15.1%

  337 → 388

• Profit before tax

  -105.9%

  -£522,000 → -£1,075,000

• Wages

  +7.4%

  £9,413,000 → £10,111,000

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