FETTES COLLEGE

1. FETTES COLLEGE 2022-08-11 → present
2. FETTES COLLEGE LIMITED 2022-01-13 → 2022-08-11

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

Henderson Loggie LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Governors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the School's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. FETTES COLLEGE · parent
   1. Fettes Enterprises Limited · Scotland · management of Westwoods Health Club, Fettes the Venue and the Fettes Shop
   2. Fettes Centre for Language & Culture Limited · Scotland · provides English language and Scottish culture courses
   3. Fettes International Limited · works in partnership with Bright Scholar to build and run Fettes China
   4. Fettes Active Limited · Scotland · dormant

Significant events

• “The School participated and continues to participate in the Scottish Child Abuse Investigation and has been involved in a number of Civil Claims. To date, the School has settled thirteen claims, with a further six in litigation. If any claim were to be successful, it is difficult to determine the financial extent to which the School could be liable.”
• “The Governors have taken the decision to introduce a Pre-Prep offer to cater for students at the start of their school journey. With effect from September 2025, Fettes will offer an all-round education from the age of 5 as opposed to the current starting age of 7.”
• “A new Science and Innovation building and a very significant rolling programme of boarding house and pupil welfare improvements.”
• “A new purpose-built Wellbeing Centre to substantially enhance the medical, pastoral and wellbeing needs of the students.”
• “A £21.5 million funding facility arranged through HSBC is available to support key projects for the school.”

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

Filings

1

last 12 months

Capital events

0

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

  +6%

  £22,219,678 → £23,558,204

• Cash

  -85.5%

  £4,327,698 → £627,514

• Net assets

  +0.3%

  £26,265,888 → £26,343,114

• Employees

  -4.1%

  386 → 370

• Profit before tax

  +114.1%

  -£548,209 → £77,226

• Wages

  +10%

  £11,909,518 → £13,105,585

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