the david ross education trust
the david ross education trust Company Information
Company Number
06182612
Website
http://dret.co.ukRegistered Address
charnwood college thorpe hill, loughborough, leicestershire, LE11 4SQ
Industry
Primary education
General secondary education
Telephone
01476566801
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
the david ross education trust Estimated Valuation
Pomanda estimates the enterprise value of THE DAVID ROSS EDUCATION TRUST at £186.7m based on a Turnover of £104.8m and 1.78x industry multiple (adjusted for size and gross margin).
the david ross education trust Estimated Valuation
Pomanda estimates the enterprise value of THE DAVID ROSS EDUCATION TRUST at £14.6m based on an EBITDA of £2.3m and a 6.43x industry multiple (adjusted for size and gross margin).
the david ross education trust Estimated Valuation
Pomanda estimates the enterprise value of THE DAVID ROSS EDUCATION TRUST at £288.9m based on Net Assets of £172.6m and 1.67x industry multiple (adjusted for liquidity).
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The David Ross Education Trust Overview
The David Ross Education Trust is a live company located in leicestershire, LE11 4SQ with a Companies House number of 06182612. It operates in the primary education sector, SIC Code 85200. Founded in March 2007, it's largest shareholder is unknown. The David Ross Education Trust is a established, mega sized company, Pomanda has estimated its turnover at £104.8m with healthy growth in recent years.
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The David Ross Education Trust Health Check
Pomanda's financial health check has awarded The David Ross Education Trust a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £104.8m, make it larger than the average company (£6.6m)
£104.8m - The David Ross Education Trust
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (5.9%)
7% - The David Ross Education Trust
5.9% - Industry AVG
Production
with a gross margin of 44.3%, this company has a comparable cost of product (44.3%)
44.3% - The David Ross Education Trust
44.3% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (5.5%)
-2.4% - The David Ross Education Trust
5.5% - Industry AVG
Employees
with 2050 employees, this is above the industry average (122)
2050 - The David Ross Education Trust
122 - Industry AVG
Pay Structure
on an average salary of £38.5k, the company has an equivalent pay structure (£37.4k)
£38.5k - The David Ross Education Trust
£37.4k - Industry AVG
Efficiency
resulting in sales per employee of £51.1k, this is equally as efficient (£51.7k)
£51.1k - The David Ross Education Trust
£51.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is later than average (0 days)
1 days - The David Ross Education Trust
0 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (19 days)
10 days - The David Ross Education Trust
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The David Ross Education Trust
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is less cash available to meet short term requirements (103 weeks)
37 weeks - The David Ross Education Trust
103 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.1%, this is a lower level of debt than the average (9.5%)
8.1% - The David Ross Education Trust
9.5% - Industry AVG
the david ross education trust Credit Report and Business Information
The David Ross Education Trust Competitor Analysis
Perform a competitor analysis for the david ross education trust by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the david ross education trust Ownership
THE DAVID ROSS EDUCATION TRUST group structure
The David Ross Education Trust has no subsidiary companies.
Ultimate parent company
THE DAVID ROSS EDUCATION TRUST
06182612
the david ross education trust directors
The David Ross Education Trust currently has 8 directors. The longest serving directors include Mr David Ross (May 2007) and Mrs Joanne Hoareau (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Ross | England | 58 years | May 2007 | - | Director |
| Mrs Joanne Hoareau | England | 59 years | Feb 2017 | - | Director |
| Ms Tracey Maloney | England | 52 years | Jun 2017 | - | Director |
| Mr Nigel Langstaff | England | 55 years | Nov 2017 | - | Director |
| Mr David Hall | England | 60 years | Nov 2017 | - | Director |
| Mr Richard Emerton | England | 63 years | Feb 2018 | - | Director |
| Ms Christine Counsell | England | 61 years | Mar 2019 | - | Director |
| Mr William Bickford-Smith | England | 35 years | Sep 2023 | - | Director |
THE DAVID ROSS EDUCATION TRUST financials
The David Ross Education Trust's latest turnover from August 2023 is £104.8 million and the company has net assets of £172.6 million. According to their latest financial statements, The David Ross Education Trust has 2,050 employees and maintains cash reserves of £10.4 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 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 104,837,000 | 96,442,000 | 94,231,000 | 85,652,000 | 80,136,000 | 93,932,000 | 99,828,000 | 93,678,000 | 96,430,000 | 77,134,000 | 60,595,000 | 22,699,000 | 39,445,000 | 8,440,000 | 7,220,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,000 | 13,000 | 2,000 | 7,000 | 15,000 | 214,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,808,000 | -3,954,000 | 2,696,000 | -4,284,000 | -3,389,000 | 11,700,000 | 18,348,000 | 11,303,000 | 20,377,000 | 18,918,000 | 19,585,000 | 939,000 | 24,463,000 | 348,000 | -188,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,808,000 | -3,954,000 | 2,696,000 | -4,284,000 | -3,389,000 | 11,700,000 | 18,348,000 | 11,303,000 | 20,377,000 | 18,918,000 | 19,585,000 | 939,000 | 24,463,000 | 348,000 | -188,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,808,000 | -3,954,000 | 2,696,000 | -4,284,000 | -3,389,000 | 11,700,000 | 18,348,000 | 11,303,000 | 20,377,000 | 18,918,000 | 19,585,000 | 939,000 | 24,463,000 | 348,000 | -188,000 |
| Employee Costs | 78,839,000 | 76,092,000 | 69,010,000 | 65,594,000 | 61,284,000 | 60,780,000 | 60,116,000 | 58,587,000 | 52,641,000 | 40,273,000 | 28,080,000 | 13,699,000 | 10,312,000 | 5,146,000 | 4,645,000 |
| Number Of Employees | 2,050 | 1,900 | 1,884 | 206 | 1,885 | 1,911 | 1,991 | 2,039 | 1,694 | 1,359 | 969 | 369 | 270 | 158 | 153 |
| 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 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 162,667,000 | 162,956,000 | 163,046,000 | 145,312,000 | 147,759,000 | 149,966,000 | 132,712,000 | 110,588,000 | 94,453,000 | 65,450,000 | 46,312,000 | 23,958,000 | 23,247,000 | 139,000 | 324,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1,000 | 48,000 | 148,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 21,000 | 332,000 | 438,000 | 574,000 | 810,000 | 1,941,000 | 2,184,000 | 2,734,000 | 1,449,000 | 917,000 | 583,000 | 545,000 | 317,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 162,667,000 | 162,956,000 | 163,067,000 | 145,644,000 | 148,197,000 | 150,541,000 | 133,570,000 | 112,677,000 | 96,637,000 | 68,184,000 | 47,761,000 | 24,875,000 | 23,830,000 | 684,000 | 641,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 4,000 | 20,000 | 108,000 | 20,000 | 74,000 | 3,000 | 0 | 0 | 0 | 0 |
| Trade Debtors | 342,000 | 71,000 | 34,000 | 139,000 | 216,000 | 307,000 | 253,000 | 277,000 | 276,000 | 162,000 | 89,000 | 425,000 | 361,000 | 245,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,249,000 | 3,329,000 | 2,209,000 | 3,281,000 | 2,289,000 | 3,404,000 | 5,892,000 | 6,075,000 | 4,219,000 | 4,353,000 | 2,451,000 | 749,000 | 371,000 | 0 | 72,000 |
| Cash | 10,426,000 | 23,833,000 | 17,488,000 | 11,089,000 | 7,543,000 | 8,063,000 | 10,164,000 | 3,915,000 | 9,510,000 | 8,798,000 | 6,940,000 | 5,024,000 | 5,293,000 | 2,133,000 | 1,790,000 |
| misc current assets | 10,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,017,000 | 27,233,000 | 19,731,000 | 14,509,000 | 10,048,000 | 11,778,000 | 16,329,000 | 10,375,000 | 14,025,000 | 13,387,000 | 9,483,000 | 6,198,000 | 6,025,000 | 2,378,000 | 1,862,000 |
| total assets | 187,684,000 | 190,189,000 | 182,798,000 | 160,153,000 | 158,245,000 | 162,319,000 | 149,899,000 | 123,052,000 | 110,662,000 | 81,571,000 | 57,244,000 | 31,073,000 | 29,855,000 | 3,062,000 | 2,503,000 |
| Bank overdraft | 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 |
| Trade Creditors | 1,650,000 | 2,018,000 | 1,144,000 | 754,000 | 1,469,000 | 2,584,000 | 9,471,000 | 4,140,000 | 5,369,000 | 3,261,000 | 1,687,000 | 978,000 | 1,184,000 | 134,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 222,000 | 213,000 | 197,000 | 185,000 | 204,000 | 194,000 | 92,000 | 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 |
| other current liabilities | 12,408,000 | 13,687,000 | 9,863,000 | 9,137,000 | 6,023,000 | 8,394,000 | 5,395,000 | 5,389,000 | 4,207,000 | 3,397,000 | 2,811,000 | 1,151,000 | 923,000 | 551,000 | 430,000 |
| total current liabilities | 14,280,000 | 15,918,000 | 11,204,000 | 10,076,000 | 7,696,000 | 11,172,000 | 14,958,000 | 9,529,000 | 9,576,000 | 6,658,000 | 4,498,000 | 2,129,000 | 2,107,000 | 685,000 | 430,000 |
| loans | 614,000 | 831,000 | 957,000 | 1,162,000 | 1,343,000 | 1,506,000 | 681,000 | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 400,000 | 800,000 | 800,000 | 0 | 18,000 | 63,000 | 125,000 | 125,000 | 14,000 | 0 | 0 | 0 |
| provisions | 40,000 | 40,000 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 850,000 | 6,167,000 | 52,186,000 | 39,009,000 | 34,460,000 | 20,311,000 | 21,898,000 | 27,699,000 | 17,694,000 | 11,568,000 | 5,778,000 | 1,633,000 | 907,000 | 481,000 | 472,000 |
| total liabilities | 15,130,000 | 22,085,000 | 63,390,000 | 49,085,000 | 42,156,000 | 31,483,000 | 36,856,000 | 37,228,000 | 27,270,000 | 18,226,000 | 10,276,000 | 3,762,000 | 3,014,000 | 1,166,000 | 902,000 |
| net assets | 172,554,000 | 168,104,000 | 119,408,000 | 111,068,000 | 116,089,000 | 130,836,000 | 113,043,000 | 85,824,000 | 83,392,000 | 63,345,000 | 46,968,000 | 27,311,000 | 26,841,000 | 1,896,000 | 1,601,000 |
| total shareholders funds | 172,554,000 | 168,104,000 | 119,408,000 | 111,068,000 | 116,089,000 | 130,836,000 | 113,043,000 | 85,824,000 | 83,392,000 | 63,345,000 | 46,968,000 | 27,311,000 | 26,841,000 | 1,896,000 | 1,601,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 4,833,000 | 4,497,000 | 4,323,000 | 3,882,000 | 3,705,000 | 3,263,000 | 3,237,000 | 3,012,000 | 2,597,000 | 2,581,000 | 2,333,000 | 1,824,000 | 633,000 | 240,000 | 192,000 |
| Amortisation | 0 | 0 | 0 | 0 | 1,000 | 47,000 | 100,000 | 115,000 | 41,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | -4,000 | -16,000 | -88,000 | 88,000 | -54,000 | 71,000 | 3,000 | 0 | 0 | 0 | 0 |
| Debtors | 1,191,000 | 1,157,000 | -1,177,000 | 915,000 | -1,206,000 | -2,434,000 | -207,000 | 1,857,000 | -20,000 | 1,975,000 | 1,366,000 | 442,000 | 487,000 | 173,000 | 72,000 |
| Creditors | -368,000 | 874,000 | 390,000 | -715,000 | -1,115,000 | -6,887,000 | 5,331,000 | -1,229,000 | 2,108,000 | 1,574,000 | 709,000 | -206,000 | 1,050,000 | 134,000 | 0 |
| Accruals and Deferred Income | -1,279,000 | 3,824,000 | 726,000 | 3,114,000 | -2,371,000 | 2,999,000 | 6,000 | 1,182,000 | 810,000 | 586,000 | 1,660,000 | 228,000 | 372,000 | 121,000 | 430,000 |
| Deferred Taxes & Provisions | 0 | 0 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -205,000 | 1,796,000 | -895,000 | -315,000 | -2,183,000 | -589,000 | -780,000 | 229,000 | 329,000 | -354,000 |
| Change in Investments | 0 | -21,000 | -311,000 | -106,000 | -136,000 | -236,000 | -1,131,000 | -243,000 | -550,000 | 1,285,000 | 532,000 | 334,000 | 38,000 | 228,000 | 317,000 |
| cash flow from investments | 0 | 21,000 | 311,000 | 106,000 | 136,000 | 31,000 | 2,927,000 | -652,000 | 235,000 | -3,468,000 | -1,121,000 | -1,114,000 | 191,000 | 101,000 | -671,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 9,000 | 16,000 | 12,000 | -19,000 | 10,000 | 102,000 | 92,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -217,000 | -126,000 | -205,000 | -181,000 | -163,000 | 825,000 | 681,000 | 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 |
| other long term liabilities | 0 | 0 | -400,000 | -400,000 | 0 | 800,000 | -18,000 | -45,000 | -62,000 | 0 | 111,000 | 14,000 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22,000 | -13,000 | -2,000 | -7,000 | -15,000 | -214,000 |
| cash flow from financing | 6,050,000 | 52,540,000 | 5,051,000 | -1,337,000 | -11,511,000 | 7,820,000 | 9,626,000 | -8,916,000 | -392,000 | -2,563,000 | 170,000 | -457,000 | 475,000 | -68,000 | 1,575,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -13,407,000 | 6,345,000 | 6,399,000 | 3,546,000 | -520,000 | -2,101,000 | 6,249,000 | -5,595,000 | 712,000 | 1,858,000 | 1,916,000 | -269,000 | 3,160,000 | 343,000 | 1,790,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -13,407,000 | 6,345,000 | 6,399,000 | 3,546,000 | -520,000 | -2,101,000 | 6,249,000 | -5,595,000 | 712,000 | 1,858,000 | 1,916,000 | -269,000 | 3,160,000 | 343,000 | 1,790,000 |
P&L
August 2023turnover
104.8m
+9%
operating profit
-2.6m
0%
gross margin
44.4%
-0.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
172.6m
+0.03%
total assets
187.7m
-0.01%
cash
10.4m
-0.56%
net assets
Total assets minus all liabilities
Similar Companies
the david ross education trust company details
company number
06182612
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85200 - Primary education
85310 - General secondary education
incorporation date
March 2007
age
17
accounts
Full Accounts
ultimate parent company
previous names
havelock academy (June 2011)
incorporated
UK
address
charnwood college thorpe hill, loughborough, leicestershire, LE11 4SQ
last accounts submitted
August 2023
the david ross education 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 did not find charges/mortgages relating to the david ross education trust.
the david ross education trust Companies House Filings - See Documents
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