BOYD BIDCO LIMITED

• ⚠

  Material uncertainty over going concern

  This entity is dependent on the support of the group and the group are dependent on successful refinancing of the existing loan facilities, which is not guaranteed. This indicates the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern and, therefore, the company may be unable to realise their assets and discharge their liabilities in the normal course of business. The directors have a reasonable expectation that refinancing will be successful and therefore it is appropriate to prepare the financial statements on a going concern basis, which assumes that the entity will continue in operation for a period of at least 12 months from the date of approval of the financial statements.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“This entity is dependent on the support of the group and the group are dependent on successful refinancing of the existing loan facilities, which is not guaranteed. This indicates the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern and, therefore, the company may be unable to realise their assets and discharge their liabilities in the normal course of business. The directors have a reasonable expectation that refinancing will be successful and therefore it is appropriate to prepare the financial statements on a going concern basis, which assumes that the entity will continue in operation for a period of at least 12 months from the date of approval of the financial statements.”

Group structure

1. BOYD BIDCO LIMITED · parent
   1. Genius Holdco Limited 100% · Durham
   2. Genius Bidco Limited * 100% · Durham
   3. Learning Curve (NE) Group Limited * 100% · Durham
   4. Acorn Training Consultants Limited * 100% · Durham
   5. APCYMRU Limited * 100% · Cardiff 1
   6. Military Preparation College Limited * 100% · Cardiff 2
   7. Learning Curve Group Limited * 100% · Durham
   8. Profound Services Limited * 100% · Durham
   9. Northern Care Training Limited * 100% · Durham
   10. Profound National Apprenticeship Company Limited * 100% · Durham
   11. The London Hairdressing Apprenticeship Academy Limited * 100% · London
   12. The London Beauty Training Academy Limited * 100% · London
   13. Antrec Limited * 100% · Durham
   14. The White Rose School of Beauty and Complementary Therapies Limited* 100% · Durham
   15. Urban Serenity Limited* 100% · Durham
   16. PGL Training Holding Limited* 100% · Durham
   17. PGL Training (Plumbing) Limited* 100% · Durham
   18. PGL Assessment and Training Limited* 100% · Durham
   19. Learning Skills Centre Limited * 100% · Durham
   20. Workwise Personnel Limited * 100% · Durham
   21. Learning at Work Limited * 100% · Durham

Significant events

• “In March 2020 an acquisition of Genius Holdco Limited was completed with the support of Agilitas Private Equity. Boyd Bidco Limited was created as one of the intermediary holding companies to Boyd Topco Limited and holds third party debt.”
• “The Group borrowing facilities are due to expire in March 2026 with an option to extend until August 2026. The directors are confident in arranging a suitable finance facility within this time.”

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

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -84.9%

  £7,390,889 → £1,112,826

• Net assets

  -48%

  -£28,031,440 → -£41,484,748

• Employees

  —

  Not reported

• Operating profit

  -266.6%

  -£1,083,239 → -£3,971,689

• Profit before tax

  -19.9%

  -£12,611,697 → -£15,115,370

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