CORNDEL LIMITED

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  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “On 22 October 2024 the business was acquired by Galileo Global Education Group, a global higher education group.”
• “In October 2024 the UK Government announced there would be a defunding of Level 7 programmes, and in May 2025 it confirmed that for new Level 7 apprenticeship starts funding would end for anyone aged 22 and older from January 2026.”
• “In August 2024 we received notification that two of our programmes would receive an uplift to their funding for all new starts from September 2024 which will help to mitigate the inflationary cost pressures experienced.”
• “On 16 March 2026 the UK Government announced that all levy funding for new starts on leadership and management apprenticeship programmes would end.”
• “On 1 September 2023 the Company acquired proprietary content and operations relating to Software Developer and DevOps Engineer Apprenticeships, from its existing delivery partner, Softwire, as part of a business combination.”
• “During the period, the Company was sold to Galileo Global Education Strategy. The sale triggered an Exit Event for the existing MIP scheme in place, and as such, holders of MIP shares sold their shares at the acquisition price per share.”
• “Subsequent to the sale of the Company to Galileo Global Education Strategy S.A.S. during the period, a new Equity-Settled MIP scheme was set up by the Company's immediate parent undertaking, CoEdu Group Limited, with equity settlement to be made by Galileo Global Education UK Holding Limited.”

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

Filings

9

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.