education development trust
education development trust Company Information
Company Number
00867944
Registered Address
highbridge house, 16-18 duke street, reading, RG1 4RU
Industry
Educational support activities
General secondary education
Telephone
01189021000
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
education development trust Estimated Valuation
Pomanda estimates the enterprise value of EDUCATION DEVELOPMENT TRUST at £106.8m based on a Turnover of £91.2m and 1.17x industry multiple (adjusted for size and gross margin).
education development trust Estimated Valuation
Pomanda estimates the enterprise value of EDUCATION DEVELOPMENT TRUST at £7.7m based on an EBITDA of £1.1m and a 7.29x industry multiple (adjusted for size and gross margin).
education development trust Estimated Valuation
Pomanda estimates the enterprise value of EDUCATION DEVELOPMENT TRUST at £52.8m based on Net Assets of £29.3m and 1.8x industry multiple (adjusted for liquidity).
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Education Development Trust Overview
Education Development Trust is a live company located in reading, RG1 4RU with a Companies House number of 00867944. It operates in the general secondary education sector, SIC Code 85310. Founded in December 1965, it's largest shareholder is unknown. Education Development Trust is a mature, large sized company, Pomanda has estimated its turnover at £91.2m with healthy growth in recent years.
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Education Development Trust Health Check
Pomanda's financial health check has awarded Education Development Trust a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £91.2m, make it larger than the average company (£4.6m)
£91.2m - Education Development Trust
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.3%)
9% - Education Development Trust
6.3% - Industry AVG
Production
with a gross margin of 61.1%, this company has a comparable cost of product (61.1%)
61.1% - Education Development Trust
61.1% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (4.5%)
0% - Education Development Trust
4.5% - Industry AVG
Employees
with 1271 employees, this is above the industry average (80)
1271 - Education Development Trust
80 - Industry AVG
Pay Structure
on an average salary of £37.2k, the company has an equivalent pay structure (£35.8k)
£37.2k - Education Development Trust
£35.8k - Industry AVG
Efficiency
resulting in sales per employee of £71.7k, this is more efficient (£55.2k)
£71.7k - Education Development Trust
£55.2k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (11 days)
27 days - Education Development Trust
11 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is close to average (20 days)
18 days - Education Development Trust
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Education Development Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is less cash available to meet short term requirements (96 weeks)
51 weeks - Education Development Trust
96 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.3%, this is a higher level of debt than the average (21.1%)
41.3% - Education Development Trust
21.1% - Industry AVG
EDUCATION DEVELOPMENT TRUST financials
Education Development Trust's latest turnover from August 2023 is £91.2 million and the company has net assets of £29.3 million. According to their latest financial statements, Education Development Trust has 1,271 employees and maintains cash reserves of £22 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 91,177,000 | 89,070,000 | 66,558,000 | 71,158,000 | 75,861,000 | 73,989,000 | 68,020,000 | 68,845,000 | 84,982,000 | 125,179,000 | 197,340,000 | 189,401,000 | 130,693,000 | 150,647,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 791,000 | 2,815,000 | 1,403,000 | -1,104,000 | -427,000 | 2,251,000 | 1,078,000 | 1,188,000 | 2,387,000 | -2,900,000 | 45,249,000 | 61,020,000 | 5,457,000 | -2,604,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 791,000 | 2,815,000 | 1,403,000 | -1,104,000 | -427,000 | 2,251,000 | 1,078,000 | 1,188,000 | 2,387,000 | -2,900,000 | 45,249,000 | 61,020,000 | 5,457,000 | -2,604,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 791,000 | 2,815,000 | 1,403,000 | -1,104,000 | -427,000 | 2,251,000 | 280,000 | 391,000 | 1,961,000 | -3,131,000 | 44,782,000 | 59,965,000 | 4,629,000 | -3,254,000 |
| Employee Costs | 47,232,000 | 42,367,000 | 36,661,000 | 36,770,000 | 38,719,000 | 35,081,000 | 35,680,000 | 36,082,000 | 41,126,000 | 64,163,000 | 91,264,000 | 71,720,000 | 66,929,000 | 78,361,000 |
| Number Of Employees | 1,271 | 1,218 | 1,096 | 1,082 | 1,121 | 1,039 | 1,104 | 1,167 | 1,366 | 1,419 | 3,360 | 2,360 | 2,448 | 2,571 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,242,000 | 5,883,000 | 6,480,000 | 6,975,000 | 8,721,000 | 8,546,000 | 8,858,000 | 9,198,000 | 9,091,000 | 8,508,000 | 121,033,000 | 75,690,000 | 13,880,000 | 14,114,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -253,000 | -272,000 | -2,069,000 | -364,000 | -821,000 |
| Investments & Other | 9,444,000 | 9,476,000 | 9,979,000 | 8,706,000 | 10,844,000 | 11,094,000 | 9,589,000 | 10,117,000 | 9,546,000 | 10,673,000 | 9,406,000 | 8,545,000 | 4,303,000 | 4,110,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,976,000 | 9,616,000 | 4,851,000 | 3,584,000 | 2,436,000 | 8,726,000 |
| Total Fixed Assets | 14,686,000 | 15,359,000 | 16,459,000 | 15,681,000 | 19,565,000 | 19,640,000 | 18,447,000 | 19,315,000 | 26,613,000 | 28,544,000 | 135,018,000 | 85,750,000 | 20,255,000 | 26,129,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,793,000 | 7,539,000 | 7,546,000 | 4,964,000 | 8,631,000 | 11,560,000 | 13,176,000 | 9,970,000 | 12,689,000 | 13,191,000 | 15,336,000 | 13,889,000 | 10,874,000 | 26,264,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 11,433,000 | 9,542,000 | 7,507,000 | 6,310,000 | 10,210,000 | 3,046,000 | 3,998,000 | 4,058,000 | 4,499,000 | 5,866,000 | 8,034,000 | 8,794,000 | 14,732,000 | 6,832,000 |
| Cash | 21,961,000 | 21,666,000 | 24,532,000 | 20,146,000 | 14,531,000 | 18,487,000 | 15,927,000 | 14,623,000 | 11,555,000 | 9,607,000 | 24,390,000 | 22,867,000 | 18,865,000 | 21,368,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 40,187,000 | 38,747,000 | 39,585,000 | 31,420,000 | 33,372,000 | 33,093,000 | 33,101,000 | 28,651,000 | 28,743,000 | 28,664,000 | 47,760,000 | 45,550,000 | 44,471,000 | 54,464,000 |
| total assets | 54,873,000 | 54,106,000 | 56,044,000 | 47,101,000 | 52,937,000 | 52,733,000 | 51,548,000 | 47,966,000 | 55,356,000 | 57,208,000 | 182,778,000 | 131,300,000 | 64,726,000 | 80,593,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000 | 51,000 | 62,000 |
| Trade Creditors | 1,788,000 | 3,892,000 | 3,306,000 | 2,336,000 | 2,903,000 | 1,475,000 | 1,630,000 | 2,013,000 | 1,659,000 | 961,000 | 3,715,000 | 1,895,000 | 2,262,000 | 3,823,000 |
| Group/Directors Accounts | 713,000 | 708,000 | 0 | 738,000 | 893,000 | 844,000 | 854,000 | 816,000 | 800,000 | 733,000 | 1,112,000 | 1,278,000 | 0 | 616,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 19,557,000 | 16,142,000 | 21,974,000 | 13,885,000 | 14,418,000 | 16,343,000 | 16,934,000 | 13,237,000 | 15,987,000 | 18,382,000 | 19,966,000 | 21,194,000 | 21,941,000 | 28,441,000 |
| total current liabilities | 22,058,000 | 20,742,000 | 25,280,000 | 16,959,000 | 18,214,000 | 18,662,000 | 19,418,000 | 16,066,000 | 18,446,000 | 20,076,000 | 24,793,000 | 24,374,000 | 24,254,000 | 32,942,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,000 | 29,000 | 80,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 750,000 | 1,250,000 | 1,250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 596,000 | 614,000 | 1,080,000 | 1,129,000 | 833,000 | 862,000 | 842,000 | 1,085,000 | 1,859,000 | 2,774,000 | 4,435,000 | 4,625,000 | 5,069,000 | 4,948,000 |
| total long term liabilities | 596,000 | 614,000 | 1,830,000 | 2,458,000 | 2,083,000 | 862,000 | 1,220,000 | 25,685,000 | 23,594,000 | 25,608,000 | 31,142,000 | 25,300,000 | 13,540,000 | 36,533,000 |
| total liabilities | 22,654,000 | 21,356,000 | 27,110,000 | 19,417,000 | 20,297,000 | 19,524,000 | 20,638,000 | 41,751,000 | 42,040,000 | 45,684,000 | 55,935,000 | 49,674,000 | 37,794,000 | 69,475,000 |
| net assets | 29,337,000 | 29,513,000 | 26,009,000 | 24,729,000 | 27,214,000 | 28,553,000 | 26,935,000 | 2,750,000 | 10,444,000 | 9,063,000 | 124,153,000 | 79,174,000 | 25,119,000 | 9,985,000 |
| total shareholders funds | 29,337,000 | 29,513,000 | 26,009,000 | 24,729,000 | 27,214,000 | 28,553,000 | 26,935,000 | 2,750,000 | 10,444,000 | 9,063,000 | 124,153,000 | 79,174,000 | 25,119,000 | 9,985,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 1,097,000 | 1,149,000 | 1,797,000 | 2,197,000 | 1,320,000 | 1,040,000 | 1,023,000 | 1,216,000 | 1,105,000 | 1,899,000 | 6,773,000 | 2,350,000 | 2,138,000 | 1,969,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 0 | -43,000 | -19,000 | -1,797,000 | 681,000 | 565,000 | 8,267,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,145,000 | 2,028,000 | 3,779,000 | -7,567,000 | 4,235,000 | -2,568,000 | 3,146,000 | -11,136,000 | -3,509,000 | 452,000 | 1,954,000 | -1,775,000 | -13,780,000 | 41,822,000 |
| Creditors | -2,104,000 | 586,000 | 970,000 | -567,000 | 1,428,000 | -155,000 | -383,000 | 354,000 | 698,000 | -2,754,000 | 1,820,000 | -367,000 | -1,561,000 | 3,823,000 |
| Accruals and Deferred Income | 3,415,000 | -6,582,000 | 7,589,000 | -533,000 | -675,000 | -591,000 | 3,697,000 | -2,750,000 | -2,395,000 | -1,584,000 | -1,228,000 | -747,000 | -6,500,000 | 28,441,000 |
| Deferred Taxes & Provisions | -18,000 | -466,000 | -49,000 | 296,000 | -29,000 | 20,000 | -243,000 | -774,000 | -915,000 | -1,661,000 | -190,000 | -444,000 | 121,000 | 4,948,000 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,478,000 | 711,000 | -1,004,000 | -1,247,000 | -1,895,000 | -8,676,000 | -1,178,000 | -1,765,000 | -3,715,000 |
| Change in Investments | -32,000 | -503,000 | 1,273,000 | -2,138,000 | -250,000 | 1,505,000 | -528,000 | 571,000 | -1,127,000 | 1,267,000 | 861,000 | 4,242,000 | 193,000 | 4,110,000 |
| cash flow from investments | 32,000 | 503,000 | -1,273,000 | 2,138,000 | 250,000 | -2,983,000 | 1,239,000 | -1,575,000 | -120,000 | -3,162,000 | -9,537,000 | -5,420,000 | -1,958,000 | -7,825,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | -44,000 | -11,000 | 62,000 |
| Group/Directors Accounts | 5,000 | 708,000 | -738,000 | -155,000 | 49,000 | -10,000 | 38,000 | 16,000 | 67,000 | -379,000 | -166,000 | 1,278,000 | -616,000 | 616,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,000 | -6,000 | -51,000 | 80,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -962,000 | 1,397,000 | -861,000 | -1,536,000 | -863,000 | -643,000 | 23,943,000 | -8,069,000 | -513,000 | -112,338,000 | 1,000 | -4,682,000 | 9,827,000 | 13,997,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 295,000 | -2,866,000 | 4,386,000 | 5,615,000 | -3,956,000 | 2,560,000 | 1,304,000 | 3,068,000 | 1,948,000 | -14,783,000 | 1,523,000 | 4,002,000 | -2,503,000 | 21,368,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 295,000 | -2,866,000 | 4,386,000 | 5,615,000 | -3,956,000 | 2,560,000 | 1,304,000 | 3,068,000 | 1,948,000 | -14,783,000 | 1,523,000 | 4,002,000 | -2,503,000 | 21,368,000 |
education development trust Credit Report and Business Information
Education Development Trust Competitor Analysis
Perform a competitor analysis for education development trust by selecting its closest rivals and benchmarking them against 12 key performance metrics.
education development trust Ownership
EDUCATION DEVELOPMENT TRUST group structure
Education Development Trust has 5 subsidiary companies.
Ultimate parent company
EDUCATION DEVELOPMENT TRUST
00867944
5 subsidiaries
education development trust directors
Education Development Trust currently has 12 directors. The longest serving directors include Mr Robert Humphreys (May 2016) and Dr Angela McFarlane (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Humphreys | England | 67 years | May 2016 | - | Director |
| Dr Angela McFarlane | 66 years | Jul 2017 | - | Director | |
| Ms Julia Grant | England | 63 years | Jul 2017 | - | Director |
| Ms Ilse Howling | United Kingdom | 58 years | Nov 2018 | - | Director |
| Ms Joy Hutcheon | England | 59 years | May 2019 | - | Director |
| Ms Tanya Barron | United Kingdom | 70 years | May 2019 | - | Director |
| Mr Jonathan Simons | 42 years | Sep 2019 | - | Director | |
| Mr Nimal Hemelge | England | 49 years | Jan 2022 | - | Director |
| Mr Nimal Hemelge | England | 49 years | Jan 2022 | - | Director |
| Mr Edward Wambugu | England | 55 years | Jan 2022 | - | Director |
P&L
August 2023turnover
91.2m
+2%
operating profit
-36k
0%
gross margin
61.2%
+7.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
29.3m
-0.01%
total assets
54.9m
+0.01%
cash
22m
+0.01%
net assets
Total assets minus all liabilities
education development trust company details
company number
00867944
Type
Private Ltd By Guarantee w/o Share Cap
industry
85600 - Educational support activities
85310 - General secondary education
incorporation date
December 1965
age
59
accounts
Group
ultimate parent company
previous names
cfbt education trust (January 2016)
centre for british teachers(the) (March 2006)
See moreincorporated
UK
address
highbridge house, 16-18 duke street, reading, RG1 4RU
last accounts submitted
August 2023
education development trust Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 10 charges/mortgages relating to education development trust. Currently there are 4 open charges and 6 have been satisfied in the past.
education development trust Companies House Filings - See Documents
| date | description | view/download |
|---|
