ISTEP LEARNING LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2027-02-21 (in 9mo)
Last made up 2026-02-07
Watchouts
None on the register
Cash
£2M
+154.5% vs 2023
Net assets
£4M
-46.5% vs 2023
Employees
424
+236.5% vs 2023
Profit before tax
-£4M
-349.5% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2023-12-31 | 2025-06-30 |
|---|---|---|---|
| Turnover | £4,019,000 | £19,914,000 | |
| Operating profit | -£871,000 | -£3,348,000 | |
| Profit before tax | -£879,000 | -£3,951,000 | |
| Net profit | -£803,000 | -£3,284,000 | |
| Cash | £701,000 | £1,784,000 | |
| Total assets less current liabilities | £9,177,000 | £9,627,000 | |
| Net assets | £6,553,000 | £3,509,000 | |
| Equity | £6,553,000 | £3,509,000 | |
| Average employees | 126 | 424 | |
| Wages | £2,499,000 | £12,795,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2025-06-30 |
|---|---|---|---|
| Operating margin | -21.7% | -16.8% | |
| Net margin | -20.0% | -16.5% | |
| Return on capital employed | -9.5% | -34.8% | |
| Gearing (liabilities / total assets) | 47.4% | 78.0% | |
| Current ratio | 0.43x | 0.40x | |
| Interest cover | -28.10x | -5.17x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have stress-tested their assumptions and concluded that there are unplanned actions they could take to reduce the current cash burn. They have concluded that it is appropriate for the Group and Company to continue to adopt the going-concern basis of accounting in preparing the Financial statements.”
Group structure
- ISTEP LEARNING LIMITED · parent
- Bambinos Limited 100%
- The Nursery Family Ltd 100%
- Footsteps Childcare Limited 100%
- MKM Childcare Limited 100%
- Muddy Boots Childcare Ltd 100%
- Home from Home Nursery Limited 100%
- Stepping Stones Day Nursery (SW) Ltd 100%
Significant events
- “On 20 November 2025, the Group entered into a joint venture arrangement with Metaverse School Limited to create an investment platform for the Group's planned expansion into the provision of special educational needs and disability (SEND) schools.”
- “On 18 December 2025, the Company's immediate parent undertaking, Jiayi International Education Investment Group Limited, forgave £450,000 by way of a capital contribution.”
- “On 23 December 2025, a director forgave the repayment of £550,000 of amounts advanced by him and by companies controlled by him, by way of a capital contribution.”
- “On 22 January 2026, the Company issued 11,774 A shares at a subscription price of £64.55 per share for cash consideration. The aggregate proceeds raised totalled £760,011.70.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELL, Robbie Ian | Director | 2025-12-10 | May 1973 | British |
| LEE, Sarah | Director | 2025-12-10 | Sep 1979 | American |
| LIN, Ling | Director | 2023-11-23 | Nov 1978 | Chinese |
| LOU, Dongyu | Director | 2023-11-23 | Mar 1987 | Chinese |
| MENG, Yang | Director | 2023-05-09 | Jan 1981 | Chinese |
| MINOR, Thomas James | Director | 2023-11-23 | Jun 1972 | British |
| WANG, Xiaobing | Director | 2023-08-03 | Sep 1978 | Chinese |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LUMSDEN-EARLE, Dianne | Director | 2024-02-06 | 2024-02-07 |
| RICHARDS, Sara Jane | Director | 2024-02-06 | 2024-02-07 |
| XU, Chenyan | Director | 2024-02-06 | 2024-02-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asa Education Holding Limited | Corporate entity | Shares 25–50%, Voting 25–50%, Appoints directors | 2023-10-27 | Active |
| Jiayi International Education Investment Group Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2023-09-27 | Active |
| Mr. Yang Meng | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-05-09 | Ceased 2023-09-27 |
Filing timeline
Last 20 of 41 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-13 RESOLUTIONS Resolution
- 2024-02-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-21 | AA | accounts | Accounts with accounts type group | |
| 2026-02-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2026-02-17 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-02-17 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2026-01-13 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-24 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-16 | CH01 | officers | Change person director company with change date | |
| 2025-07-04 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-04-22 | AA | accounts | Accounts with accounts type group | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement | |
| 2024-12-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2025 · period ending 2025-06-30 vs 2023-12-31
-
Turnover
+395.5%
£4,019,000 £19,914,000
-
Cash
+154.5%
£701,000 £1,784,000
-
Net assets
-46.5%
£6,553,000 £3,509,000
-
Employees
+236.5%
126 424
-
Operating profit
-284.4%
-£871,000 -£3,348,000
-
Profit before tax
-349.5%
-£879,000 -£3,951,000
-
Wages
+412%
£2,499,000 £12,795,000
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