INITIO LEARNING TRUST
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Next accounts due
2027-05-31 (in 1y)
Last filed for 2025-08-31
Confirmation statement due
2026-12-14 (in 7mo)
Last made up 2025-11-30
Watchouts
Cash
£5M
-4.6% vs 2024
Net assets
£58M
+78.2% vs 2024
Employees
1,057
+14.8% vs 2024
Profit before tax
£21M
+6,242.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- INITIO LEARNING TRUST 2023-01-23 → present
- WIMBORNE ACADEMY TRUST 2014-12-19 → 2023-01-23
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-08-31
| Metric | Trend | 2024-08-31 | 2025-08-31 |
|---|---|---|---|
| Turnover | £44,445,559 | £75,000,405 | |
| Operating profit | -£336,751 | £20,684,359 | |
| Profit before tax | -£336,751 | £20,684,359 | |
| Net profit | -£336,751 | £20,684,359 | |
| Cash | £4,992,494 | £4,762,355 | |
| Total assets less current liabilities | £37,093,749 | £58,510,121 | |
| Net assets | £32,773,275 | £58,410,634 | |
| Equity | £32,773,275 | £58,410,634 | |
| Average employees | 921 | 1,057 | |
| Wages | £24,720,066 | £28,535,731 |
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 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|
| Operating margin | -0.8% | 27.6% | |
| Net margin | -0.8% | 27.6% | |
| Return on capital employed | -0.9% | 35.4% | |
| Gearing (liabilities / total assets) | 20.0% | 6.3% | |
| Current ratio | 1.69x | 1.76x | |
| Interest cover | -1.52x | 99.92x |
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
- Albert Goodman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering the challenging public finances which is placing pressure on school funding, pupil number trends, medium term budgets and cash flow forecasts, the reliability of income streams, the growth of the trust and the impact of new schools joining the trust, the trust board has a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason the trust board continues to adopt the going concern basis in preparing the accounts.”
Significant events
- “On 1 October 2024, Corfe Hills School, an upper school in BCP joined the trust, having previously been a standalone academy.”
- “St.Mary's CE First School, Charminster in Dorset joined the trust on 1 January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BATES, Geoffrey James | Director | 2023-09-27 | Sep 1977 | British |
| COOPER, Alun | Director | 2025-12-01 | Dec 1950 | British |
| FLEMING, Deborah Mary, Mrs. | Director | 2022-11-28 | Jan 1961 | British |
| HARRISON, Noel | Director | 2020-11-30 | Jan 1961 | British |
| INGRAM, Stuart | Director | 2024-03-17 | Oct 1977 | British |
| MILLER, John | Director | 2024-06-04 | Apr 1969 | British |
| PAPWORTH, Peter James David | Director | 2026-01-01 | Feb 1981 | British |
| PURCHASE, Richard John | Director | 2023-02-03 | Sep 1963 | British |
| SPEARING, Caroline Jane Ibbetson, Dr | Director | 2025-07-11 | Aug 1968 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWELL, Ross Alexander | Secretary | 2015-06-01 | 2025-01-05 |
| SCAIFE, Paul | Secretary | 2015-03-01 | 2015-05-31 |
| BATH, Clive | Director | 2023-02-01 | 2026-01-20 |
| BELL, Edward William | Director | 2014-12-19 | 2017-08-31 |
| BENNETT, Stephen John | Director | 2014-12-19 | 2017-07-21 |
| BOGER, Emma Joanne, Dr | Director | 2017-07-18 | 2022-09-28 |
| BRECKWOLDT, Peter Hans, Rev | Director | 2014-12-19 | 2024-03-31 |
| BROOKS, Derek | Director | 2014-12-19 | 2015-04-21 |
| COOPER, Sarah Jane | Director | 2018-09-20 | 2020-06-04 |
| DICKSON, John Park | Director | 2015-10-22 | 2023-07-13 |
| ELDRIDGE, Sharon Anne | Director | 2014-12-19 | 2019-07-15 |
| EVANS, Hilary Ruth | Director | 2017-08-01 | 2025-07-31 |
| HOLMES, Fiona Brigid | Director | 2020-03-06 | 2021-10-16 |
| KING, Rachel | Director | 2018-09-20 | 2020-10-01 |
| KINGSTON, John Gordon | Director | 2017-04-26 | 2024-05-31 |
| MACKENZIE, Maria Patricia | Director | 2023-02-03 | 2025-12-31 |
| MCLEMAN, Martin Philip | Director | 2015-06-08 | 2016-12-02 |
| MERCER, Chris Paul | Director | 2014-12-19 | 2017-03-10 |
| PATON, Nigel Douglas | Director | 2014-12-19 | 2018-12-18 |
| TAYLOR, Peter Lance | Director | 2017-08-01 | 2024-07-12 |
| WEST, Elizabeth Jane | Director | 2014-12-19 | 2022-12-07 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | AA | accounts | Accounts with accounts type full | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-30 | AA | accounts | Accounts with accounts type full | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-12 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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
FY2024 → FY2025 · period ending 2025-08-31 vs 2024-08-31
-
Turnover
+68.7%
£44,445,559 £75,000,405
-
Cash
-4.6%
£4,992,494 £4,762,355
-
Net assets
+78.2%
£32,773,275 £58,410,634
-
Employees
+14.8%
921 1,057
-
Operating profit
+6,242.3%
-£336,751 £20,684,359
-
Profit before tax
+6,242.3%
-£336,751 £20,684,359
-
Wages
+15.4%
£24,720,066 £28,535,731
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