explore learning limited
explore learning limited Company Information
Company Number
04117281
Next Accounts
Sep 2025
Shareholders
columbus bidco ltd
Group Structure
View All
Industry
Primary education
Registered Address
highpoint 9 sydenham road, guildford, surrey, GU1 3RX
Website
www.explorelearning.co.ukexplore learning limited Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE LEARNING LIMITED at £50.1m based on a Turnover of £37.7m and 1.33x industry multiple (adjusted for size and gross margin).
explore learning limited Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE LEARNING LIMITED at £12.6m based on an EBITDA of £2.2m and a 5.84x industry multiple (adjusted for size and gross margin).
explore learning limited Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE LEARNING LIMITED at £10m based on Net Assets of £4.1m and 2.45x industry multiple (adjusted for liquidity).
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Explore Learning Limited Overview
Explore Learning Limited is a live company located in surrey, GU1 3RX with a Companies House number of 04117281. It operates in the primary education sector, SIC Code 85200. Founded in November 2000, it's largest shareholder is columbus bidco ltd with a 100% stake. Explore Learning Limited is a mature, large sized company, Pomanda has estimated its turnover at £37.7m with low growth in recent years.
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Explore Learning Limited Health Check
Pomanda's financial health check has awarded Explore Learning Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
8 Weak
Size
annual sales of £37.7m, make it larger than the average company (£3.6m)
£37.7m - Explore Learning Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.7%)
1% - Explore Learning Limited
6.7% - Industry AVG
Production
with a gross margin of 26%, this company has a higher cost of product (47.4%)
26% - Explore Learning Limited
47.4% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (5%)
-1.4% - Explore Learning Limited
5% - Industry AVG
Employees
with 3234 employees, this is above the industry average (81)
3234 - Explore Learning Limited
81 - Industry AVG
Pay Structure
on an average salary of £7.5k, the company has a lower pay structure (£33.1k)
£7.5k - Explore Learning Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £11.6k, this is less efficient (£46.6k)
£11.6k - Explore Learning Limited
£46.6k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is later than average (1 days)
6 days - Explore Learning Limited
1 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (19 days)
9 days - Explore Learning Limited
19 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (2 days)
0 days - Explore Learning Limited
2 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (97 weeks)
5 weeks - Explore Learning Limited
97 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.6%, this is a higher level of debt than the average (10.2%)
75.6% - Explore Learning Limited
10.2% - Industry AVG
EXPLORE LEARNING LIMITED financials
Explore Learning Limited's latest turnover from December 2023 is £37.7 million and the company has net assets of £4.1 million. According to their latest financial statements, Explore Learning Limited has 3,234 employees and maintains cash reserves of £559 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 37,661,000 | 34,354,000 | 32,146,000 | 37,035,000 | 51,217,000 | 49,590,000 | 45,667,000 | 42,786,000 | 37,562,000 | 31,552,000 | 25,932,000 | 19,687,000 | 15,220,000 | 11,755,809 | 8,574,367 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 27,861,000 | 25,561,000 | 24,785,000 | 32,085,000 | 37,674,000 | 35,840,000 | 32,396,000 | 29,143,000 | 25,598,000 | 22,048,000 | 17,867,000 | 14,142,000 | 10,696,000 | 6,423,539 | |
| Gross Profit | 9,800,000 | 8,793,000 | 7,361,000 | 4,950,000 | 13,543,000 | 13,750,000 | 13,271,000 | 13,643,000 | 11,964,000 | 9,504,000 | 8,065,000 | 5,545,000 | 4,524,000 | 2,150,828 | |
| Admin Expenses | 10,318,000 | 9,280,000 | 7,409,000 | 9,477,000 | 12,814,000 | 11,399,000 | 10,576,000 | 10,407,000 | 9,778,000 | 7,450,000 | 5,742,000 | 4,746,000 | 3,705,000 | 2,432,796 | |
| Operating Profit | -518,000 | -487,000 | -48,000 | -4,527,000 | 729,000 | 2,351,000 | 2,695,000 | 3,236,000 | 2,186,000 | 2,054,000 | 2,323,000 | 799,000 | 819,000 | 872,030 | -281,968 |
| Interest Payable | 7,000 | 12,000 | 7,000 | 1,000 | 22,000 | 17,000 | 14,248 | 29,246 | |||||||
| Interest Receivable | 22,000 | 60,000 | 60,000 | 7,000 | 9,000 | 5,438 | 2,629 | ||||||||
| Pre-Tax Profit | -496,000 | -494,000 | -60,000 | -15,304,000 | 729,000 | 2,351,000 | 2,695,000 | 3,236,000 | 2,186,000 | 2,114,000 | 2,382,000 | 784,000 | 811,000 | 863,220 | -308,585 |
| Tax | 411,000 | -176,000 | 570,000 | 870,000 | -380,000 | -530,000 | -567,000 | -775,000 | -545,000 | -524,000 | -663,000 | 521,000 | 635,000 | 93,993 | |
| Profit After Tax | -85,000 | -670,000 | 510,000 | -14,434,000 | 349,000 | 1,821,000 | 2,128,000 | 2,461,000 | 1,641,000 | 1,590,000 | 1,719,000 | 1,305,000 | 1,446,000 | 957,213 | -308,585 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -85,000 | -670,000 | 510,000 | -14,434,000 | 349,000 | 1,821,000 | 2,128,000 | 2,461,000 | 1,641,000 | 1,590,000 | 1,719,000 | 1,305,000 | 1,446,000 | 957,213 | -308,585 |
| Employee Costs | 24,101,000 | 21,409,000 | 22,179,000 | 28,666,000 | 29,519,000 | 27,875,000 | 25,598,000 | 22,725,000 | 19,988,000 | 16,781,000 | 14,212,000 | 11,250,000 | 8,817,000 | 6,924,982 | 5,531,870 |
| Number Of Employees | 3,234 | 3,068 | 3,136 | 3,060 | 3,214 | 3,130 | 2,905 | 2,605 | 2,279 | 1,853 | 597 | 670 | 557 | 317 | 250 |
| EBITDA* | 2,157,000 | 1,861,000 | 2,252,000 | -1,819,000 | 3,525,000 | 5,108,000 | 5,053,000 | 5,611,000 | 4,263,000 | 3,691,000 | 3,693,000 | 1,840,000 | 1,474,000 | 1,426,537 | 143,336 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,509,000 | 3,803,000 | 4,713,000 | 6,240,000 | 11,205,000 | 11,795,000 | 11,245,000 | 9,682,000 | 10,209,000 | 9,360,000 | 7,617,000 | 6,673,000 | 4,264,000 | 2,763,813 | 1,714,299 |
| Intangible Assets | 5,924,000 | 4,639,000 | 3,336,000 | 2,960,000 | 1,551,000 | 622,000 | 475,000 | 240,000 | 126,000 | 4,000 | 15,000 | 26,000 | 28,000 | 25,107 | 31,365 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,384,000 | 974,000 | 1,140,000 | 671,000 | 182,000 | 225,000 | 289,000 | 442,000 | 331,000 | 665,000 | 1,253,000 | 732,000 | |||
| Total Fixed Assets | 10,817,000 | 9,416,000 | 9,189,000 | 9,871,000 | 12,938,000 | 12,642,000 | 12,009,000 | 10,364,000 | 10,666,000 | 9,364,000 | 8,297,000 | 7,952,000 | 5,024,000 | 2,788,920 | 1,745,664 |
| Stock & work in progress | 25,000 | 74,000 | 49,000 | 62,000 | 137,000 | 144,000 | 144,000 | 68,000 | 45,000 | 26,000 | 32,377 | ||||
| Trade Debtors | 625,000 | 325,000 | 181,000 | 16,000 | 177,000 | 72,000 | 22,000 | 5,000 | 28,000 | 98,187 | 141,739 | ||||
| Group Debtors | 3,437,000 | 2,229,000 | 546,000 | 9,091,000 | 9,731,000 | 9,207,000 | 5,863,000 | 2,259,000 | 1,125,000 | 1,005,000 | 1,236,000 | ||||
| Misc Debtors | 1,285,000 | 1,687,000 | 1,780,000 | 2,247,000 | 2,526,000 | 2,510,000 | 1,482,000 | 919,000 | 1,053,000 | 1,787,000 | 1,083,000 | 596,000 | 498,000 | 417,689 | 409,049 |
| Cash | 559,000 | 2,522,000 | 2,431,000 | 3,014,000 | 2,138,000 | 1,159,000 | 784,000 | 2,703,000 | 3,050,000 | 2,595,000 | 771,000 | 838,000 | 1,269,884 | 688,244 | |
| misc current assets | |||||||||||||||
| total current assets | 5,931,000 | 6,837,000 | 4,987,000 | 5,339,000 | 14,069,000 | 13,616,000 | 11,639,000 | 9,485,000 | 6,362,000 | 5,507,000 | 2,927,000 | 1,882,000 | 1,390,000 | 1,818,137 | 1,239,032 |
| total assets | 16,748,000 | 16,253,000 | 14,176,000 | 15,210,000 | 27,007,000 | 26,258,000 | 23,648,000 | 19,849,000 | 17,028,000 | 14,871,000 | 11,224,000 | 9,834,000 | 6,414,000 | 4,607,057 | 2,984,696 |
| Bank overdraft | 848,000 | 423,000 | 5,386 | 316,948 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 725,000 | 1,046,000 | 1,219,000 | 1,398,000 | 1,075,000 | 1,305,000 | 1,034,000 | 1,098,000 | 1,355,000 | 1,651,000 | 892,000 | 609,000 | 577,000 | 639,079 | 545,261 |
| Group/Directors Accounts | 105,000 | 535,000 | 497,000 | 339,000 | 320,000 | 67,000 | 44,000 | 1,000 | 1,000 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,198 | ||||||||||||||
| other current liabilities | 4,685,000 | 3,834,000 | 3,999,000 | 5,317,000 | 6,270,000 | 5,913,000 | 5,579,000 | 3,863,000 | 3,499,000 | 2,802,000 | 1,547,000 | 1,311,000 | 1,003,000 | 998,028 | 568,952 |
| total current liabilities | 5,410,000 | 4,880,000 | 5,218,000 | 6,820,000 | 7,880,000 | 7,715,000 | 6,952,000 | 5,281,000 | 4,921,000 | 4,497,000 | 2,440,000 | 2,769,000 | 2,003,000 | 1,642,493 | 1,432,359 |
| loans | 6,500,000 | 6,500,000 | 3,500,000 | 3,500,000 | 325,000 | 325,000 | 419,986 | ||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 743,000 | 693,000 | 608,000 | 550,000 | 353,000 | 118,000 | 92,000 | 92,000 | 92,000 | ||||||
| total long term liabilities | 7,243,000 | 7,193,000 | 4,108,000 | 4,050,000 | 353,000 | 118,000 | 92,000 | 92,000 | 92,000 | 325,000 | 325,000 | 419,986 | |||
| total liabilities | 12,653,000 | 12,073,000 | 9,326,000 | 10,870,000 | 8,233,000 | 7,833,000 | 7,044,000 | 5,373,000 | 5,013,000 | 4,497,000 | 2,440,000 | 2,769,000 | 2,328,000 | 1,967,493 | 1,852,345 |
| net assets | 4,095,000 | 4,180,000 | 4,850,000 | 4,340,000 | 18,774,000 | 18,425,000 | 16,604,000 | 14,476,000 | 12,015,000 | 10,374,000 | 8,784,000 | 7,065,000 | 4,086,000 | 2,639,564 | 1,132,351 |
| total shareholders funds | 4,095,000 | 4,180,000 | 4,850,000 | 4,340,000 | 18,774,000 | 18,425,000 | 16,604,000 | 14,476,000 | 12,015,000 | 10,374,000 | 8,784,000 | 7,065,000 | 4,086,000 | 2,639,564 | 1,132,351 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -518,000 | -487,000 | -48,000 | -4,527,000 | 729,000 | 2,351,000 | 2,695,000 | 3,236,000 | 2,186,000 | 2,054,000 | 2,323,000 | 799,000 | 819,000 | 872,030 | -281,968 |
| Depreciation | 984,000 | 1,157,000 | 1,399,000 | 2,254,000 | 2,509,000 | 2,509,000 | 2,222,000 | 2,289,000 | 2,031,000 | 1,626,000 | 1,359,000 | 1,025,000 | 638,000 | 538,849 | 412,003 |
| Amortisation | 1,691,000 | 1,191,000 | 901,000 | 454,000 | 287,000 | 248,000 | 136,000 | 86,000 | 46,000 | 11,000 | 11,000 | 16,000 | 17,000 | 15,658 | 13,301 |
| Tax | 411,000 | -176,000 | 570,000 | 870,000 | -380,000 | -530,000 | -567,000 | -775,000 | -545,000 | -524,000 | -663,000 | 521,000 | 635,000 | 93,993 | |
| Stock | -49,000 | 25,000 | -13,000 | -75,000 | -7,000 | 144,000 | -68,000 | 23,000 | 19,000 | -6,377 | 32,377 | ||||
| Debtors | 1,516,000 | 1,568,000 | 713,000 | -9,042,000 | -562,000 | 1,538,000 | 3,776,000 | 3,581,000 | 731,000 | 159,000 | -337,000 | 1,832,000 | 742,124 | -34,912 | 550,788 |
| Creditors | -321,000 | -173,000 | -179,000 | 323,000 | -230,000 | 271,000 | -64,000 | -257,000 | -296,000 | 759,000 | 283,000 | 32,000 | -62,079 | 93,818 | 545,261 |
| Accruals and Deferred Income | 851,000 | -165,000 | -1,318,000 | -953,000 | 357,000 | 334,000 | 1,716,000 | 364,000 | 697,000 | 1,255,000 | 236,000 | 308,000 | 4,972 | 429,076 | 568,952 |
| Deferred Taxes & Provisions | 50,000 | 85,000 | 58,000 | 197,000 | 235,000 | 26,000 | 92,000 | ||||||||
| Cash flow from operations | 1,681,000 | -161,000 | 683,000 | 7,735,000 | 4,076,000 | 3,671,000 | 2,218,000 | 1,362,000 | 3,480,000 | 5,090,000 | 3,863,000 | 850,000 | 1,316,146 | 2,045,959 | 706,761 |
| Investing Activities | |||||||||||||||
| capital expenditure | -2,173,183,000 | -1,712,318 | -957,391 | ||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -2,173,183,000 | -1,712,318 | -957,391 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -105,000 | -430,000 | 38,000 | 158,000 | 19,000 | 253,000 | 23,000 | 43,000 | 1,000 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | 3,000,000 | 3,500,000 | -325,000 | -94,986 | 419,986 | ||||||||||
| Hire Purchase and Lease Commitments | -1,198 | 1,198 | |||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 22,000 | -7,000 | -12,000 | -7,000 | 60,000 | 59,000 | -15,000 | -8,000 | -8,810 | -26,617 | |||||
| cash flow from financing | 22,000 | 2,993,000 | -117,000 | 3,063,000 | 38,000 | 158,000 | 19,000 | 253,000 | 23,000 | 103,000 | 59,000 | 1,335,000 | -7,564 | 445,006 | 1,835,503 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,963,000 | 91,000 | -583,000 | 876,000 | 979,000 | 375,000 | -1,919,000 | -347,000 | 455,000 | 1,824,000 | 771,000 | -838,000 | -431,884 | 581,640 | 688,244 |
| overdraft | -848,000 | 425,000 | 417,614 | -311,562 | 316,948 | ||||||||||
| change in cash | -1,963,000 | 91,000 | -583,000 | 876,000 | 979,000 | 375,000 | -1,919,000 | -347,000 | 455,000 | 1,824,000 | 1,619,000 | -1,263,000 | -849,498 | 893,202 | 371,296 |
explore learning limited Credit Report and Business Information
Explore Learning Limited Competitor Analysis
Perform a competitor analysis for explore learning limited by selecting its closest rivals, whether from the EDUCATION sector, other large companies, companies in GU1 area or any other competitors across 12 key performance metrics.
explore learning limited Ownership
EXPLORE LEARNING LIMITED group structure
Explore Learning Limited has no subsidiary companies.
Ultimate parent company
2 parents
EXPLORE LEARNING LIMITED
04117281
explore learning limited directors
Explore Learning Limited currently has 7 directors. The longest serving directors include Mr William Mills (Nov 2000) and Mr Craig Light (Apr 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Mills | 58 years | Nov 2000 | - | Director | |
| Mr Craig Light | England | 45 years | Apr 2014 | - | Director |
| Miss Lisa Haycox | England | 43 years | Jan 2016 | - | Director |
| Mr David Kelly | England | 61 years | Jul 2021 | - | Director |
| Dr David Kelly | England | 61 years | Jul 2021 | - | Director |
| Mr Richard Reynolds | England | 36 years | Mar 2023 | - | Director |
| Miss Yaelle Candolfi | England | 46 years | Jun 2024 | - | Director |
P&L
December 2023turnover
37.7m
+10%
operating profit
-518k
+6%
gross margin
26.1%
+1.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.1m
-0.02%
total assets
16.7m
+0.03%
cash
559k
-0.78%
net assets
Total assets minus all liabilities
explore learning limited company details
company number
04117281
Type
Private limited with Share Capital
industry
85200 - Primary education
incorporation date
November 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
CROWE UK LLP
address
highpoint 9 sydenham road, guildford, surrey, GU1 3RX
Bank
-
Legal Advisor
-
explore learning limited 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 7 charges/mortgages relating to explore learning limited. Currently there are 4 open charges and 3 have been satisfied in the past.
explore learning limited Capital Raised & Share Issues BETA
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explore learning limited Companies House Filings - See Documents
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