MIND TOOLS LTD

• ⚠

  Material uncertainty over going concern

  These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. MIND TOOLS LTD 2023-04-11 → present
2. EMERALD WORKS LIMITED 2020-02-06 → 2023-04-11
3. EMERALD LEARNING LIMITED 2017-05-25 → 2020-02-06
4. GOOD PRACTICE LIMITED 2000-01-21 → 2017-05-25
5. MARSCO RESOURCES LIMITED 1999-12-02 → 2000-01-21

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.”

Group structure

1. MIND TOOLS LTD · parent
   1. Emerald Works Limited 100% · UK
   2. Mind Tools LLC 100% · USA

Significant events

• “On 9 May 2025, Mind Tools Ltd acquired Kineo, a global provider of workplace learning solutions and strategic leader in the field of online learning. The acquisition comprised the entire issued share capital of City and Guilds Kineo Ltd and Kineo Group Inc together with the trade and assets of the APAC Kineo business. The acquisition was funded through a combination of new shareholder equity and new bank debt provided by Natwest. The financing package includes a revolving credit facility of £2m, £0.5m of this has been drawn down at the date of approval of these financial statements.”

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

Filings

11

last 12 months

Capital events

5

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.

• Turnover

  -8.2%

  £9,237,000 → £8,478,000

• Cash

  +34.4%

  £1,236,000 → £1,661,000

• Net assets

  -32.2%

  £11,573,000 → £7,847,000

• Employees

  -21.3%

  89 → 70

• Operating profit

  -1.9%

  -£3,767,000 → -£3,839,000

• Profit before tax

  -2.4%

  -£3,767,000 → -£3,858,000

• Wages

  -16.7%

  £4,798,000 → £3,997,000

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