STAR EDUCATION INVESTMENT LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis. In considering whether this is appropriate, the directors have taken into account that the company is part of the wider Shanghai Ten Springs Enterprise Management Consulting Co., Ltd (Ten Springs) Group. At Group level, the directors have reviewed the latest cash forecasts of future revenue and cash projections. It is clear over the next 12 to 24 months that the Group is dependent upon ongoing financial support from Shanghai Ten Springs Enterprise Management Consulting Co., Ltd (Ten Springs), the ultimate controlling entity. This support is needed until student numbers increase sufficiently to cover the running costs of the business. Ten Springs have confirmed their ongoing financial support and agreed to fund the shortfall highlighted by the forecasts over the next 2 years.

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

Affinia (Orpington)

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis. In considering whether this is appropriate, the directors have taken into account that the company is part of the wider Shanghai Ten Springs Enterprise Management Consulting Co., Ltd (Ten Springs) Group. At Group level, the directors have reviewed the latest cash forecasts of future revenue and cash projections. It is clear over the next 12 to 24 months that the Group is dependent upon ongoing financial support from Shanghai Ten Springs Enterprise Management Consulting Co., Ltd (Ten Springs), the ultimate controlling entity. This support is needed until student numbers increase sufficiently to cover the running costs of the business. Ten Springs have confirmed their ongoing financial support and agreed to fund the shortfall highlighted by the forecasts over the next 2 years.”

Significant events

• “The new government's policy to charge VAT on Independent School Fees are affecting UK Independent Education. Parents are struggling to cope with the fee increases and other living cost increases in general.”
• “KPS student numbers slowing down, the school is still acknowledged by prospective parents of KPS's dedicated personalized education. In light of this, the Board have on-going discussions on better shaping the quality of education, including further investment in staffing, facilities and teaching resources.”

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

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +0.1%

  £8,007,348 → £8,013,385

• Cash

  -55.3%

  £4,667,028 → £2,086,477

• Net assets

  -629.3%

  £494,680 → -£2,618,247

• Employees

  -8.2%

  85 → 78

• Operating profit

  -112.1%

  -£1,440,142 → -£3,054,612

• Profit before tax

  -107.6%

  -£1,500,120 → -£3,114,800

• Wages

  +12.2%

  £2,829,910 → £3,175,416

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