INTERNATIONAL CORRESPONDENCE SCHOOLS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-12 (in 6mo)
Last made up 2025-10-29
Watchouts
None on the register
Cash
£685K
-10.3% vs 2023
Net assets
£5M
+44.4% vs 2023
Employees
98
-10.1% vs 2023
Profit before tax
£2M
-15.5% vs 2023
Name history
Renamed 1 time since incorporation
- INTERNATIONAL CORRESPONDENCE SCHOOLS LIMITED 2013-08-27 → present
- CLYDE EDUCATION LIMITED 2012-10-09 → 2013-08-27
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £16,003,186 | £15,106,184 | |
| Operating profit | £2,426,241 | £2,055,023 | |
| Profit before tax | £2,431,099 | £2,055,023 | |
| Net profit | £1,766,860 | £1,591,722 | |
| Cash | £762,970 | £684,530 | |
| Total assets less current liabilities | £5,225,543 | £6,993,211 | |
| Net assets | £3,582,753 | £5,174,475 | |
| Equity | £3,582,753 | £5,174,475 | |
| Average employees | 109 | 98 | |
| Wages | £3,759,725 | £3,618,983 |
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 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 15.2% | 13.6% | |
| Net margin | 11.0% | 10.5% | |
| Return on capital employed | 46.4% | 29.4% | |
| Current ratio | 1.41x | 1.61x | |
| Interest cover | 499.43x | — |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider the resources available sufficient to meet the upcoming needs of the business and have therefore prepared these financial statements on a going concern basis.”
Group structure
- INTERNATIONAL CORRESPONDENCE SCHOOLS LIMITED · parent
- ICS Learn Middle East FZ LLC 1%
Significant events
- “In 2024 ICS. Learn saw revenue reduce to £15.1 million from £16.0 million. This reduction was a result of reduced demand for qualifications due to challenging UK economic conditions, coupled with an increase in competition in the HR sector resulting from new entrants.”
- “In 2024 ICS Learn continued to invest in staff with 92 staff employed at December 2024 compared with 109 at the end of 2023. These decreases were mainly in the Course Development and Delivery team.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEMP, Richard Craig | Director | 2025-10-02 | Dec 1983 | British |
| MACFARLANE, David | Director | 2025-06-18 | Feb 1982 | Scottish |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HBJG SECRETARIAL LIMITED | Corporate Secretary | 2012-10-09 | 2012-10-09 |
| ALEXANDER, David Turnbull | Director | 2013-09-23 | 2018-05-03 |
| ALMOND, Deborah Jane | Director | 2012-10-09 | 2012-10-09 |
| CASTELL, Andrew Sean | Director | 2012-10-09 | 2013-09-23 |
| DOYLE, Alison | Director | 2015-06-26 | 2025-10-01 |
| KENNEDY, Colin Cameron | Director | 2015-01-05 | 2025-06-18 |
| MCCREADY, John Edward, Mr. | Director | 2018-05-23 | 2022-03-18 |
| MCDONALD, Angus Francis | Director | 2013-09-23 | 2018-05-03 |
| MCLAUGHLIN, Steven | Director | 2013-09-23 | 2015-01-09 |
| MUNN, Paul | Director | 2012-10-09 | 2018-05-03 |
| NOBLE, Timothy Peter, Sir | Director | 2013-09-23 | 2016-03-31 |
| HBJG LIMITED | Corporate Director | 2012-10-09 | 2012-10-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ics Sy Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-06-05 | Active |
| Kelvin Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-03 | Ceased 2023-06-05 |
| Mr Angus Francis Macdonald | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-05-03 |
Filing timeline
Last 20 of 98 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-08-21 | CH01 | officers | Change person director company with change date | |
| 2025-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | CH01 | officers | Change person director company with change date | |
| 2024-05-14 | AA | accounts | Accounts with accounts type full | |
| 2023-11-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-05-04 | AA | accounts | Accounts with accounts type full | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-13 | AA | accounts | Accounts with accounts type full | |
| 2022-06-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-04-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-04-06 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-5.6%
£16,003,186 £15,106,184
-
Cash
-10.3%
£762,970 £684,530
-
Net assets
+44.4%
£3,582,753 £5,174,475
-
Employees
-10.1%
109 98
-
Operating profit
-15.3%
£2,426,241 £2,055,023
-
Profit before tax
-15.5%
£2,431,099 £2,055,023
-
Wages
-3.7%
£3,759,725 £3,618,983
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