NEW MODEL INSTITUTE FOR TECHNOLOGY AND ENGINEERING

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. NEW MODEL INSTITUTE FOR TECHNOLOGY AND ENGINEERING 2019-12-17 → present
2. NEW MODEL IN TECHNOLOGY & ENGINEERING 2015-04-27 → 2019-12-17
3. HEREFORDSHIRE TERTIARY EDUCATION CENTRE 2014-02-07 → 2015-04-27
4. EDUCATUS HEREFORDSHIRE CENTRE 2013-12-03 → 2014-02-07

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

Thorne Widgery Accountancy Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result of these measures, NMITE's trustees are confident that it remains a going concern, with a solid financial foundation to grow to its sustainable size over the next four years.”

Significant events

• “NMITE is progressing a "2.3m building project funded by a Stronger Towns grant". The project is underway, and we expect to complete the building phase in early Spring 2026.”
• “A ",5m grant was secured to develop a new build specialist learning and events space. Planning permission for this development was received during the year and we are currently undertaking design and civil engineering activities.”
• “The CATT team secured validation for its BSc (Hons) Construction Management, a distinctive practice-led degree designed to meet the UK's growing need for professionals with the technical, digital and leadership skills required to deliver sustainable buildings and infrastructure.”
• “NMITE successfully renegotiated its existing loans with the Department for Education on more favourable terms. Additional financial support of ",m was secured from donors under a legally binding deed of grant.”
• “A record intake of 75 students was enroled in September 2025. This milestone highlights the increasing recognition of NMITE's unique approach to engineering education and its growing appeal among prospective students.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +27.1%

  £742,000 → £943,000

• Cash

  +62.9%

  £881,000 → £1,435,000

• Net assets

  -28.5%

  £4,430,000 → £3,167,000

• Employees

  +8.5%

  47 → 51

• Profit before tax

  +17%

  -£1,521,000 → -£1,263,000

• Wages

  +11.5%

  £2,421,000 → £2,700,000

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