advance he
advance he Company Information
Company Number
04931031
Next Accounts
Apr 2026
Industry
Educational support activities
Shareholders
-
Group Structure
View All
Contact
Registered Address
advance he innovation way, york science park, york, YO10 5BR
Website
http://advance-he.ac.ukadvance he Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE HE at £20m based on a Turnover of £19.2m and 1.04x industry multiple (adjusted for size and gross margin).
advance he Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE HE at £78m based on an EBITDA of £11.8m and a 6.61x industry multiple (adjusted for size and gross margin).
advance he Estimated Valuation
Pomanda estimates the enterprise value of ADVANCE HE at £12.9m based on Net Assets of £5.2m and 2.48x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Advance He Overview
Advance He is a live company located in york, YO10 5BR with a Companies House number of 04931031. It operates in the educational support services sector, SIC Code 85600. Founded in October 2003, it's largest shareholder is unknown. Advance He is a mature, mid sized company, Pomanda has estimated its turnover at £19.2m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Advance He Health Check
Pomanda's financial health check has awarded Advance He a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £19.2m, make it larger than the average company (£369.9k)
£19.2m - Advance He
£369.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.6%)
8% - Advance He
8.6% - Industry AVG
Production
with a gross margin of 72.2%, this company has a comparable cost of product (72.2%)
72.2% - Advance He
72.2% - Industry AVG
Profitability
an operating margin of 60.1% make it more profitable than the average company (4.6%)
60.1% - Advance He
4.6% - Industry AVG
Employees
with 206 employees, this is above the industry average (9)
206 - Advance He
9 - Industry AVG
Pay Structure
on an average salary of £5.2k, the company has a lower pay structure (£29.8k)
£5.2k - Advance He
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £93.2k, this is more efficient (£54k)
£93.2k - Advance He
£54k - Industry AVG
Debtor Days
it gets paid by customers after 90 days, this is later than average (21 days)
90 days - Advance He
21 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (19 days)
35 days - Advance He
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Advance He
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 56 weeks, this is less cash available to meet short term requirements (84 weeks)
56 weeks - Advance He
84 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.3%, this is a higher level of debt than the average (33.7%)
72.3% - Advance He
33.7% - Industry AVG
ADVANCE HE financials
Advance He's latest turnover from July 2024 is £19.2 million and the company has net assets of £5.2 million. According to their latest financial statements, Advance He has 206 employees and maintains cash reserves of £12.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,194,000 | 17,358,000 | 15,965,000 | 15,294,000 | 14,417,000 | 15,551,000 | 15,257,000 | 9,326,000 | 12,168,000 | 16,231,000 | 18,544,000 | 20,008,000 | 22,720,000 | 27,608,000 | 29,644,000 | 27,152,000 |
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Interest Payable | 309,000 | 499,000 | 0 | 0 | 0 | 0 | 51,000 | 44,000 | 35,000 | 13,000 | 12,000 | 13,000 | 7,000 | 4,000 | 5,000 | 4,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 9,193,000 | 532,000 | -11,089,000 | 1,570,000 | 1,683,000 | -1,478,000 | 2,210,000 | -672,000 | -660,000 | -545,000 | 1,570,000 | 474,000 | -592,000 | 1,037,000 | 319,000 | 527,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 9,193,000 | 532,000 | -11,089,000 | 1,570,000 | 1,683,000 | -1,478,000 | 2,210,000 | -672,000 | -660,000 | -545,000 | 1,570,000 | 474,000 | -592,000 | 1,037,000 | 319,000 | 527,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 9,193,000 | 532,000 | -11,089,000 | 1,570,000 | 1,683,000 | -1,478,000 | 2,210,000 | -672,000 | -660,000 | -545,000 | 1,570,000 | 474,000 | -592,000 | 1,037,000 | 319,000 | 527,000 |
| Employee Costs | 1,069,000 | 7,404,000 | 20,110,000 | 8,449,000 | 6,993,000 | 9,503,000 | 6,611,000 | 5,070,000 | 5,007,000 | 5,309,000 | 8,446,000 | 8,222,000 | 6,955,000 | 4,528,000 | 5,498,000 | 4,960,000 |
| Number Of Employees | 206 | 182 | 150 | 147 | 147 | 139 | 110 | 93 | 93 | 93 | 165 | 168 | 141 | 103 | 123 | 114 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 230,000 | 247,000 | 261,000 | 261,000 | 275,000 | 301,000 | 29,000 | 98,000 | 205,000 | 330,000 | 254,000 | 486,000 | 708,000 | 263,000 | 122,000 | 188,000 |
| Intangible Assets | 190,000 | 223,000 | 354,000 | 267,000 | 498,000 | 222,000 | 22,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 420,000 | 470,000 | 615,000 | 528,000 | 773,000 | 523,000 | 51,000 | 98,000 | 205,000 | 330,000 | 254,000 | 486,000 | 708,000 | 263,000 | 122,000 | 188,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,771,000 | 3,284,000 | 5,413,000 | 3,649,000 | 3,252,000 | 4,464,000 | 4,648,000 | 2,101,000 | 2,829,000 | 1,477,000 | 2,058,000 | 2,671,000 | 1,957,000 | 102,000 | 235,000 | 1,242,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 936,000 | 997,000 | 1,129,000 | 1,233,000 | 829,000 | 793,000 | 553,000 | 204,000 | 209,000 | 256,000 | 320,000 | 239,000 | 385,000 | 2,439,000 | 1,316,000 | 1,974,000 |
| Cash | 12,527,000 | 14,895,000 | 14,648,000 | 15,378,000 | 14,492,000 | 11,029,000 | 10,866,000 | 6,607,000 | 7,079,000 | 9,733,000 | 8,364,000 | 5,703,000 | 5,671,000 | 5,339,000 | 5,168,000 | 2,394,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,234,000 | 19,176,000 | 21,190,000 | 20,260,000 | 18,573,000 | 16,286,000 | 16,067,000 | 8,912,000 | 10,117,000 | 11,466,000 | 10,742,000 | 8,613,000 | 8,013,000 | 7,880,000 | 6,719,000 | 5,610,000 |
| total assets | 18,654,000 | 19,646,000 | 21,805,000 | 20,788,000 | 19,346,000 | 16,809,000 | 16,118,000 | 9,010,000 | 10,322,000 | 11,796,000 | 10,996,000 | 9,099,000 | 8,721,000 | 8,143,000 | 6,841,000 | 5,798,000 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 525,000 | 495,000 | 763,000 | 280,000 | 456,000 | 486,000 | 752,000 | 96,000 | 676,000 | 651,000 | 38,000 | 276,000 | 227,000 | 61,000 | 77,000 | 318,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 11,001,000 | 10,507,000 | 11,473,000 | 11,138,000 | 11,382,000 | 9,276,000 | 9,147,000 | 5,367,000 | 5,382,000 | 6,167,000 | 5,853,000 | 5,215,000 | 5,584,000 | 4,580,000 | 4,299,000 | 3,334,000 |
| total current liabilities | 11,526,000 | 11,002,000 | 12,236,000 | 11,418,000 | 11,838,000 | 9,762,000 | 9,899,000 | 5,463,000 | 6,058,000 | 6,818,000 | 5,891,000 | 5,491,000 | 5,811,000 | 4,641,000 | 4,376,000 | 3,652,000 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,547,000 | 1,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 405,000 | 11,460,000 | 14,118,000 | 2,830,000 | 2,538,000 | 3,760,000 | 1,454,000 | 992,000 | 1,037,000 | 1,091,000 | 151,000 | 224,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,952,000 | 12,660,000 | 14,118,000 | 2,830,000 | 2,538,000 | 3,760,000 | 1,454,000 | 992,000 | 1,037,000 | 1,091,000 | 151,000 | 224,000 | 0 | 0 | 0 | 0 |
| total liabilities | 13,478,000 | 23,662,000 | 26,354,000 | 14,248,000 | 14,376,000 | 13,522,000 | 11,353,000 | 6,455,000 | 7,095,000 | 7,909,000 | 6,042,000 | 5,715,000 | 5,811,000 | 4,641,000 | 4,376,000 | 3,652,000 |
| net assets | 5,176,000 | -4,016,000 | -4,549,000 | 6,540,000 | 4,970,000 | 3,287,000 | 4,765,000 | 2,555,000 | 3,227,000 | 3,887,000 | 4,954,000 | 3,384,000 | 2,910,000 | 3,502,000 | 2,465,000 | 2,146,000 |
| total shareholders funds | 5,176,000 | -4,016,000 | -4,549,000 | 6,540,000 | 4,970,000 | 3,287,000 | 4,765,000 | 2,555,000 | 3,227,000 | 3,887,000 | 4,954,000 | 3,384,000 | 2,910,000 | 3,502,000 | 2,465,000 | 2,146,000 |
| Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Depreciation | 144,000 | 99,000 | 107,000 | 88,000 | 74,000 | 30,000 | 83,000 | 135,000 | 150,000 | 149,000 | 248,000 | 252,000 | 183,000 | 76,000 | 127,000 | 174,000 |
| Amortisation | 116,000 | 131,000 | 103,000 | 129,000 | 21,000 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 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 | 0 | 0 |
| Debtors | 1,426,000 | -2,261,000 | 1,660,000 | 801,000 | -1,176,000 | 56,000 | 2,896,000 | -733,000 | 1,305,000 | -645,000 | -532,000 | 568,000 | -199,000 | 990,000 | -1,665,000 | 3,216,000 |
| Creditors | 30,000 | -268,000 | 483,000 | -176,000 | -30,000 | -266,000 | 656,000 | -580,000 | 25,000 | 613,000 | -238,000 | 49,000 | 166,000 | -16,000 | -241,000 | 318,000 |
| Accruals and Deferred Income | 494,000 | -966,000 | 335,000 | -244,000 | 2,106,000 | 129,000 | 3,780,000 | -15,000 | -785,000 | 314,000 | 638,000 | -369,000 | 1,004,000 | 281,000 | 965,000 | 3,334,000 |
| Deferred Taxes & Provisions | -11,055,000 | -2,658,000 | 11,288,000 | 292,000 | -1,222,000 | 2,306,000 | 462,000 | -45,000 | -54,000 | 940,000 | -73,000 | 224,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,000 | -31,000 | -628,000 | -217,000 | -61,000 | -100,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,000 | -31,000 | -628,000 | -217,000 | -61,000 | -100,000 |
| Financing Activities | ||||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 347,000 | 1,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | -309,000 | -499,000 | 0 | 0 | 0 | 0 | -51,000 | -44,000 | -35,000 | -13,000 | -12,000 | -13,000 | -7,000 | -4,000 | -5,000 | -4,000 |
| cash flow from financing | 37,000 | 702,000 | 0 | 0 | 0 | 0 | -51,000 | -44,000 | -35,000 | -535,000 | -12,000 | -13,000 | -7,000 | -4,000 | -5,000 | 1,615,000 |
| cash and cash equivalents | ||||||||||||||||
| cash | -2,368,000 | 247,000 | -730,000 | 886,000 | 3,463,000 | 163,000 | 4,259,000 | -472,000 | -2,654,000 | 1,369,000 | 2,661,000 | 32,000 | 332,000 | 171,000 | 2,774,000 | 2,394,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,368,000 | 247,000 | -730,000 | 886,000 | 3,463,000 | 163,000 | 4,259,000 | -472,000 | -2,654,000 | 1,369,000 | 2,661,000 | 32,000 | 332,000 | 171,000 | 2,774,000 | 2,394,000 |
advance he Credit Report and Business Information
Advance He Competitor Analysis
Perform a competitor analysis for advance he by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in YO10 area or any other competitors across 12 key performance metrics.
advance he Ownership
ADVANCE HE group structure
Advance He has no subsidiary companies.
Ultimate parent company
ADVANCE HE
04931031
advance he directors
Advance He currently has 15 directors. The longest serving directors include Mr Paul Woodgates (Jul 2021) and Ms Janet Legrand (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Woodgates | England | 59 years | Jul 2021 | - | Director |
| Ms Janet Legrand | 66 years | Jul 2021 | - | Director | |
| Ms Annette Hay | England | 58 years | Jul 2021 | - | Director |
| Professor David Sadler | Australia | 63 years | Jul 2021 | - | Director |
| Professor Andrea Nolan | United Kingdom | 66 years | Apr 2022 | - | Director |
| Dr Samuel Grogan | England | 49 years | Apr 2023 | - | Director |
| Professor Parveen Yaqoob | England | 56 years | Sep 2023 | - | Director |
| Professor Mark Smith | England | 61 years | Jan 2024 | - | Director |
| Professor Randall Whittaker | England | 47 years | Jul 2024 | - | Director |
| Professor Joanna Newman | England | 61 years | Aug 2024 | - | Director |
P&L
July 2024turnover
19.2m
+11%
operating profit
11.5m
0%
gross margin
72.3%
+8.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2024net assets
5.2m
-2.29%
total assets
18.7m
-0.05%
cash
12.5m
-0.16%
net assets
Total assets minus all liabilities
advance he company details
company number
04931031
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85600 - Educational support activities
incorporation date
October 2003
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2024
previous names
the higher education academy (March 2018)
accountant
-
auditor
SAGARS ACCOUNTANTS LTD
address
advance he innovation way, york science park, york, YO10 5BR
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
HGF LLP
advance he 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 did not find charges/mortgages relating to advance he.
advance he Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ADVANCE HE. This can take several minutes, an email will notify you when this has completed.
advance he Companies House Filings - See Documents
| date | description | view/download |
|---|
