SOUTH BANK COLLEGES

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

RSM UK AUDIT LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing these forecasts in addition to current financing and taking into account the letter of support from the LSBU Group, the College is in the opinion that, taking account of severe but plausible downsides, the Group and the College will have sufficient funds to meet their liabilities as they fall due over the period of at least 12 months from the date of approval of the financial statements (the going concern assessment period) and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. SOUTH BANK COLLEGES · parent
   1. SW4 Catering Limited 100% · England and Wales · catering, cleaning and security
   2. South Bank Skills Limited 100% · England and Wales

Significant events

• “Following a minor cyber incident in November / December 2024, the College's response and resilience has been tested and the impact on educational operations was minimal.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

6

last 12 months

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

• Turnover

  +4.9%

  £29,946,000 → £31,409,000

• Cash

  +786.1%

  £122,000 → £1,081,000

• Net assets

  -10.7%

  £37,743,000 → £33,687,000

• Employees

  -7.3%

  301 → 279

• Operating profit

  -1.8%

  -£2,285,000 → -£2,327,000

• Profit before tax

  -4.7%

  -£2,268,000 → -£2,375,000

• Wages

  +2.1%

  £12,664,000 → £12,932,000

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