ASSET EDUCATION

1. ASSET EDUCATION 2017-02-02 → present
2. IPSWICH PRIMARY ACADEMIES TRUST 2015-02-11 → 2017-02-02

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

Consolidated group

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Academy Trust to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Academy Trust has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Academy Trust's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “During the 2024/2025 academic year four Ofsted visits took place at: The Oaks (October 2024), Castle Hill Infants (December 2024), Stutton (March 2025) and Wenhaston (April 2025). All schools were judged to have maintained their 'good' or 'outstanding' standards.”
• “The Regional Director's Advisory Board approved the following applications for schools to join the Trust: Hollesley Primary School and Waldringfield Primary School. Both conversions took place during the year.”
• “The Trust Board approved the provision of an in-house facility at Ringshall to cater for children in all ASSET schools who are struggling to attend successfully, opening in Autumn 2024.”
• “Challenges throughout the year have included the increased employers National Insurance which came into effect in April 2025.”
• “The trust was pleased to welcome two new schools this year, Hollesley and Waldringfield, with the final balances being confirmed with Suffolk County Council for both schools in August 2025.”
• “The trust has continued to make good use of capital funding over the year and has received a higher amount of £716k worth of SCA this year which has enabled more larger projects to be completed over the summer (and more plans moving forward. As well as this, the trust was successful in attracting £116k of funding to open 2 new Special Units as well as £266k to open 2 new school-based nurseries. This capital work has started over the summer and is continuing into the new year with the Special Units opening in September and the Nurseries planned to open in the 2nd half of 2025/26.”
• “One of the principal financial risks for the trust is the projected falling rolls of primary students across the country.”
• “Another large risk for the trust is around our Catering provision. From August 2025 we chose to take our Catering in house which provides us with a far greater opportunity to influence how the food is prepared, sold, consumed and managed but does also bring additional risks with regards to food cost, food waste, staffing and the update of meals.”
• “Food costs will be a big factor over the coming months inflation is slowly reducing but food costs remain higher than most and as we are now running the catering provision independently we will have the direct liability here for these increased costs.”
• “Growth - the Trust needs to grow in order to support an adequate central team that could lack the capacity to handle the growth.”
• “Catering as well as other external selling also represents a risk to the Trust.”

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

2

last 12 months

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

• Turnover

  +9.7%

  £22,147,560 → £24,289,753

• Cash

  +20%

  £3,166,285 → £3,800,527

• Net assets

  +8.8%

  £35,495,276 → £38,610,959

• Employees

  +2%

  589 → 601

• Wages

  +7.4%

  £13,957,031 → £14,994,037

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