MANAGEMENT & TRAINING CORPORATION LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have prepared cash flow forecasts for the twelve months ending September 2026, which indicate that, taking account of reasonable possible downsides, the Company will have sufficient funds, through funding from its immediate parent company Management & Training Corporation (UK) Ltd and its ultimate parent company, Management & Training Corporation, to meet its liabilities as they fall due for that period. The forecasts consider that the current Manston contract, which constitutes the company's sole contract, expires on 30 September 2025 and that, as at the date of these financial statements, this contract has not been renewed or replaced. Management are actively bidding on several new contracts, which are in various stages of the tender process, and are confident that there is a strong pipeline of opportunities for the company to replace the expiring Manston contract. However, as no new contract has been signed to replace the Manston contact as at the date of these financial statements, a material uncertainty exists in relation to the company's ability to continue as a going concern should the company not be successful in any of the current opportunities it has tendered for.

1. MANAGEMENT & TRAINING CORPORATION LIMITED 2019-02-08 → present
2. MTCNOVO LTD 2014-10-28 → 2019-02-08

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

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have prepared cash flow forecasts for the twelve months ending September 2026, which indicate that, taking account of reasonable possible downsides, the Company will have sufficient funds, through funding from its immediate parent company Management & Training Corporation (UK) Ltd and its ultimate parent company, Management & Training Corporation, to meet its liabilities as they fall due for that period. The forecasts consider that the current Manston contract, which constitutes the company's sole contract, expires on 30 September 2025 and that, as at the date of these financial statements, this contract has not been renewed or replaced. Management are actively bidding on several new contracts, which are in various stages of the tender process, and are confident that there is a strong pipeline of opportunities for the company to replace the expiring Manston contract. However, as no new contract has been signed to replace the Manston contact as at the date of these financial statements, a material uncertainty exists in relation to the company's ability to continue as a going concern should the company not be successful in any of the current opportunities it has tendered for.”

Group structure

1. MANAGEMENT & TRAINING CORPORATION LIMITED · parent
   1. The London Community Rehabilitation Company Limited 100% · United Kingdom · The justice and judicial activity of providing rehabilitation services
   2. The Thames Valley Community Rehabilitation Company Limited 100% · United Kingdom · The justice and judicial activity of providing rehabilitation services

Significant events

• “In August 2024, the Company signed a new contract with the Home Office to provide services at Manston to 30 September 2025. This contract has not been renewed or replaced and services at Manston will cease on 30 September 2025.”
• “After the balance sheet date, the Company was advised that its current contract would not be renewed or replaced and services at Manston will cease on 30 September 2025.”

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

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +22.5%

  £23,161,000 → £28,370,000

• Cash

  +13.3%

  £3,982,000 → £4,513,000

• Net assets

  +8.5%

  £16,422,000 → £17,824,000

• Employees

  +68%

  241 → 405

• Operating profit

  +47.5%

  £699,000 → £1,031,000

• Profit before tax

  +81.1%

  £774,000 → £1,402,000

• Wages

  +20.1%

  £14,390,000 → £17,280,000

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