THE SKILLS DEVELOPMENT SCOTLAND CO. LIMITED

• ◆

  4 officer resignations in last 12 months

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

1. THE SKILLS DEVELOPMENT SCOTLAND CO. LIMITED 2007-12-20 → present
2. SCOTTISH UFI TRUST LIMITED 2004-10-01 → 2007-12-20
3. SCOTTISH UFI TRUST 2000-07-25 → 2004-10-01
4. SCOTTISH UFI LIMITED 1999-12-24 → 2000-07-25

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

IFRS

Auditor

Audit Scotland

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 March 2025, the company's Statement of Financial Position had net assets of £22.0 million (2024: £22.4 million). The directors are confident that the relationship with the Scottish Government is such that the company will have sufficient funding for the foreseeable future... have determined they do not create a material uncertainty that casts doubt upon the company's ability to continue as a going concern. Accordingly, it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “Over the past 12 months, SDS has focused on managing three strategic priorities-maintaining delivery of high quality, impactful services, driving organisational transformation and continuing our transition to a sustainable operating model in the context of continued pressures on public finances, and engagement with Scottish Government to better understand its reform of the post-school education funding body landscape.”
• “Scottish Government confirmed in January 2025 their intention to move National Training Programmes (including provision for apprenticeships) funding and functions from SDS to the Scottish Funding Council.”

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

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  -3.6%

  £218,086,000 → £210,224,000

• Cash

  +27%

  £23,021,000 → £29,228,000

• Net assets

  -1.7%

  £22,366,000 → £21,975,000

• Employees

  -6.3%

  1,390 → 1,302

• Operating profit

  -641.3%

  -£812,000 → -£6,019,000

• Profit before tax

  -2,302.1%

  -£233,000 → -£5,597,000

• Wages

  -1.7%

  £66,412,000 → £65,302,000

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