GLASGOW LEARNING QUARTER LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-03-07 (in 10mo)
Last made up 2026-02-21
Watchouts
Cash
£12M
+710% vs 2023
Net assets
£3M
-41% vs 2023
Employees
—
Average over period
Profit before tax
£0
Period ending 2024-10-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 |
|---|---|---|---|
| Turnover | £1,070,484 | £1,254,830 | |
| Operating profit | -£1,730,482 | -£2,149,948 | |
| Profit before tax | £0 | £0 | |
| Net profit | £0 | £0 | |
| Cash | £1,468,661 | £11,896,814 | |
| Total assets less current liabilities | £146,434,604 | £137,536,834 | |
| Net assets | £4,306,603 | £2,542,795 | |
| Equity | £4,306,603 | £2,542,795 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|
| Operating margin | -161.7% | -171.3% | |
| Net margin | 0.0% | 0.0% | |
| Return on capital employed | -1.2% | -1.6% | |
| Current ratio | 0.64x | 0.60x | |
| Interest cover | -0.16x | -0.20x |
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
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors continue to present the accounts on a going concern basis, having a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months. The City of Glasgow College, as the sole customer and a Government funded body, makes payments in line with standard terms.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EQUITIX MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2026-03-30 | — | — |
| BROWN, Jonathan Peter | Director | 2026-03-30 | Feb 1986 | British |
| MCINALLY, Claire Agnes | Director | 2025-01-23 | Dec 1976 | British |
| SMALL, Stewart William | Director | 2023-09-19 | Aug 1975 | British |
| THOMSON, Craig Alexander | Director | 2025-01-23 | Jun 1972 | British |
| VERMEER, Daniel Marinus Maria | Director | 2026-03-30 | Feb 1981 | Dutch |
| WHITE, Barry Edward | Director | 2021-12-01 | Aug 1965 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PEARSON, Kevin | Secretary | 2013-02-21 | 2018-02-16 |
| VERCITY MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2018-02-16 | 2026-03-30 |
| ALEXANDER, Kerry | Director | 2013-11-13 | 2014-11-13 |
| FLETCHER, Dylan | Director | 2013-02-21 | 2025-01-27 |
| HONEYMAN, David | Director | 2013-02-21 | 2026-03-30 |
| JACK, Ronald Gilfillan | Director | 2013-02-21 | 2015-03-31 |
| MACDONALD, David | Director | 2016-06-10 | 2021-12-01 |
| O'BRIEN, Kirsty | Director | 2022-10-17 | 2024-11-12 |
| PEARCE, Glenn Sinclair | Director | 2024-11-18 | 2025-08-13 |
| SMITH, David Niall | Director | 2015-03-31 | 2025-01-23 |
| WOTHERSPOON, Robert John William | Director | 2013-02-21 | 2026-03-30 |
| YOUNG, Alastair David | Director | 2013-08-28 | 2016-05-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glasgow Learning Quarter (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-17 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-04-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-20 | CH01 | officers | Change person director company with change date | |
| 2025-10-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-18 | CH01 | officers | Change person director company with change date | |
| 2025-07-17 | CH01 | officers | Change person director company with change date | |
| 2025-03-05 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-26 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 4
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 2024-10-31 vs 2023-10-31
-
Turnover
+17.2%
£1,070,484 £1,254,830
-
Cash
+710%
£1,468,661 £11,896,814
-
Net assets
-41%
£4,306,603 £2,542,795
-
Employees
—
Not reported
-
Operating profit
-24.2%
-£1,730,482 -£2,149,948
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