ridgeway learning partnership
ridgeway learning partnership Company Information
Company Number
08056991
Website
http://tring.herts.sch.ukRegistered Address
tring school mortimer hill, tring, hertfordshire, HP23 5JD
Industry
General secondary education
Telephone
01442822303
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
ridgeway learning partnership Estimated Valuation
Pomanda estimates the enterprise value of RIDGEWAY LEARNING PARTNERSHIP at £20.4m based on a Turnover of £17.7m and 1.15x industry multiple (adjusted for size and gross margin).
ridgeway learning partnership Estimated Valuation
Pomanda estimates the enterprise value of RIDGEWAY LEARNING PARTNERSHIP at £19.3m based on an EBITDA of £2.4m and a 7.89x industry multiple (adjusted for size and gross margin).
ridgeway learning partnership Estimated Valuation
Pomanda estimates the enterprise value of RIDGEWAY LEARNING PARTNERSHIP at £37.6m based on Net Assets of £17.6m and 2.13x industry multiple (adjusted for liquidity).
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Ridgeway Learning Partnership Overview
Ridgeway Learning Partnership is a live company located in hertfordshire, HP23 5JD with a Companies House number of 08056991. It operates in the general secondary education sector, SIC Code 85310. Founded in May 2012, it's largest shareholder is unknown. Ridgeway Learning Partnership is a established, mid sized company, Pomanda has estimated its turnover at £17.7m with high growth in recent years.
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Ridgeway Learning Partnership Health Check
Pomanda's financial health check has awarded Ridgeway Learning Partnership a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £17.7m, make it larger than the average company (£8.8m)
£17.7m - Ridgeway Learning Partnership
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.4%)
16% - Ridgeway Learning Partnership
6.4% - Industry AVG
Production
with a gross margin of 51.2%, this company has a comparable cost of product (51.2%)
51.2% - Ridgeway Learning Partnership
51.2% - Industry AVG
Profitability
an operating margin of 11.1% make it more profitable than the average company (6%)
11.1% - Ridgeway Learning Partnership
6% - Industry AVG
Employees
with 401 employees, this is above the industry average (148)
401 - Ridgeway Learning Partnership
148 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has a lower pay structure (£41.6k)
£29.6k - Ridgeway Learning Partnership
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £44.1k, this is less efficient (£58.4k)
£44.1k - Ridgeway Learning Partnership
£58.4k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (0 days)
0 days - Ridgeway Learning Partnership
0 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (21 days)
17 days - Ridgeway Learning Partnership
21 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (6 days)
1 days - Ridgeway Learning Partnership
6 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 103 weeks, this is average cash available to meet short term requirements (102 weeks)
103 weeks - Ridgeway Learning Partnership
102 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.9%, this is a higher level of debt than the average (8.4%)
9.9% - Ridgeway Learning Partnership
8.4% - Industry AVG
RIDGEWAY LEARNING PARTNERSHIP financials
Ridgeway Learning Partnership's latest turnover from August 2023 is £17.7 million and the company has net assets of £17.6 million. According to their latest financial statements, Ridgeway Learning Partnership has 401 employees and maintains cash reserves of £3.5 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,679,560 | 21,167,873 | 12,093,494 | 11,426,645 | 11,164,809 | 16,657,882 | 8,683,569 | 8,422,280 | 8,409,288 | 9,058,542 | 9,668,464 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 134,000 | 95,000 | 9,736 | 5,969 | 5,702 | 4,822 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 84,000 | 43,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,577,048 | 5,711,734 | -436,426 | -667,286 | -135,370 | 6,060,350 | -253,963 | -16,846 | 42,367 | 183,952 | 816,878 |
| Tax | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 1,577,048 | 5,711,734 | -436,426 | -667,286 | -135,367 | 6,060,350 | -253,963 | -16,846 | 42,367 | 183,952 | 816,878 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,577,048 | 5,711,734 | -436,426 | -667,286 | -135,367 | 6,060,350 | -253,963 | -16,846 | 42,367 | 183,952 | 816,878 |
| Employee Costs | 11,866,377 | 11,522,644 | 9,717,782 | 9,466,025 | 8,451,730 | 7,869,801 | 6,500,184 | 6,277,422 | 6,100,245 | 6,106,172 | 6,607,341 |
| Number Of Employees | 401 | 391 | 355 | 343 | 342 | 351 | 290 | 313 | 192 | 149 | 140 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,587,398 | 14,554,556 | 7,414,976 | 6,710,544 | 6,756,413 | 6,537,447 | 302,157 | 519,018 | 704,256 | 871,061 | 505,854 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 14,587,423 | 14,554,581 | 7,415,001 | 6,710,569 | 6,756,438 | 6,537,472 | 302,182 | 519,043 | 704,281 | 871,061 | 505,854 |
| Stock & work in progress | 28,432 | 31,798 | 34,277 | 34,581 | 36,150 | 36,680 | 37,367 | 33,350 | 0 | 0 | 0 |
| Trade Debtors | 17,488 | 8,542 | 5,214 | 2,714 | 16,414 | 20,568 | 3,841 | 5,626 | 3,373 | 530 | 39,377 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,442,834 | 715,052 | 408,982 | 410,060 | 354,320 | 373,665 | 231,523 | 339,748 | 146,426 | 409,213 | 223,573 |
| Cash | 3,457,553 | 2,390,083 | 2,402,870 | 2,691,082 | 3,149,048 | 3,245,401 | 2,531,849 | 2,235,421 | 584,169 | 636,920 | 339,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,560,622 | 1,350,635 | 1,800,025 |
| total current assets | 4,946,307 | 3,145,475 | 2,851,343 | 3,138,437 | 3,555,932 | 3,676,314 | 2,804,580 | 2,614,145 | 2,294,590 | 2,397,298 | 2,402,384 |
| total assets | 19,533,730 | 17,700,056 | 10,266,344 | 9,849,006 | 10,312,370 | 10,213,786 | 3,106,762 | 3,133,188 | 2,998,871 | 3,268,359 | 2,908,238 |
| Bank overdraft | 0 | 924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 422,650 | 377,124 | 442,142 | 206,693 | 278,310 | 412,692 | 177,887 | 165,184 | 220,799 | 611,246 | 602,883 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,536 | 3,073 | 3,073 | 3,073 | 3,073 | 16,902 | 0 | 3,112 | 9,337 | 6,225 | 6,225 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,309,102 | 1,294,005 | 787,859 | 710,471 | 938,860 | 851,454 | 632,488 | 637,541 | 529,538 | 550,721 | 460,690 |
| total current liabilities | 1,733,288 | 1,675,126 | 1,233,074 | 920,237 | 1,220,243 | 1,267,219 | 810,375 | 805,837 | 759,674 | 1,168,192 | 1,069,798 |
| loans | 0 | 1,536 | 4,610 | 7,683 | 10,756 | 0 | 0 | 0 | 0 | 9,337 | 15,562 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 196,000 | 747,536 | 5,048,610 | 3,310,683 | 3,050,756 | 1,775,829 | 1,577,000 | 2,492,000 | 1,542,000 | 1,432,337 | 1,148,562 |
| total liabilities | 1,929,288 | 2,422,662 | 6,281,684 | 4,230,920 | 4,270,999 | 3,043,048 | 2,387,375 | 3,297,837 | 2,301,674 | 2,600,529 | 2,218,360 |
| net assets | 17,604,442 | 15,277,394 | 3,984,660 | 5,618,086 | 6,041,371 | 7,170,738 | 719,387 | -164,649 | 697,197 | 667,830 | 689,878 |
| total shareholders funds | 17,604,442 | 15,277,394 | 3,984,660 | 5,618,086 | 6,041,371 | 7,170,738 | 719,387 | -164,649 | 697,197 | 667,830 | 689,878 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 483,989 | 432,673 | 200,299 | 190,946 | 204,040 | 255,806 | 216,861 | 229,459 | 220,218 | 120,548 | 25,724 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -3,366 | -2,479 | -304 | -1,569 | -530 | -687 | 4,017 | 33,350 | 0 | 0 | 0 |
| Debtors | 736,728 | 309,398 | 1,422 | 42,040 | -23,499 | 158,869 | -110,010 | 195,575 | -259,944 | 146,793 | 262,950 |
| Creditors | 45,526 | -65,018 | 235,449 | -71,617 | -134,382 | 234,805 | 12,703 | -55,615 | -390,447 | 8,363 | 602,883 |
| Accruals and Deferred Income | 15,097 | 506,146 | 77,388 | -228,389 | 87,406 | 218,966 | -5,053 | 108,003 | -21,183 | 90,031 | 460,690 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -17,843 | 0 | -39,376 | -53,413 | -485,755 | -531,578 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -17,843 | 0 | -39,376 | -53,438 | -485,755 | -531,578 |
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | -1,537 | 0 | 0 | 0 | -13,829 | 16,902 | -3,112 | -6,225 | 3,112 | 0 | 6,225 |
| Long term loans | -1,536 | -3,074 | -3,073 | -3,073 | 10,756 | 0 | 0 | 0 | -9,337 | -6,225 | 15,562 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -50,000 | -52,000 | -9,736 | -5,969 | -5,702 | -4,822 |
| cash flow from financing | 746,927 | 5,577,926 | -1,200,073 | 240,928 | -997,073 | 357,903 | 1,082,887 | -860,961 | -25,194 | -217,927 | -110,035 |
| cash and cash equivalents | |||||||||||
| cash | 1,067,470 | -12,787 | -288,212 | -457,966 | -96,353 | 713,552 | 296,428 | 1,651,252 | -52,751 | 297,511 | 339,409 |
| overdraft | -924 | 924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,068,394 | -13,711 | -288,212 | -457,966 | -96,353 | 713,552 | 296,428 | 1,651,252 | -52,751 | 297,511 | 339,409 |
ridgeway learning partnership Credit Report and Business Information
Ridgeway Learning Partnership Competitor Analysis
Perform a competitor analysis for ridgeway learning partnership by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in HP23 area or any other competitors across 12 key performance metrics.
ridgeway learning partnership Ownership
RIDGEWAY LEARNING PARTNERSHIP group structure
Ridgeway Learning Partnership has no subsidiary companies.
Ultimate parent company
RIDGEWAY LEARNING PARTNERSHIP
08056991
ridgeway learning partnership directors
Ridgeway Learning Partnership currently has 10 directors. The longest serving directors include Mr Julian Crane (Nov 2017) and Mr Matthew Gibbs (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Julian Crane | United Kingdom | 55 years | Nov 2017 | - | Director |
| Mr Matthew Gibbs | 55 years | Nov 2017 | - | Director | |
| Ms Victoria Edwards | 53 years | Nov 2017 | - | Director | |
| Mr Andrew King | 40 years | Apr 2020 | - | Director | |
| Ms Gill Budgell | England | 65 years | Nov 2021 | - | Director |
| Mr James Foskett | United Kingdom | 61 years | Nov 2021 | - | Director |
| Mr Robin Spencer | England | 66 years | Nov 2021 | - | Director |
| Mr James Shapland | England | 53 years | Nov 2021 | - | Director |
| Miss Daisy Cave | 28 years | May 2024 | - | Director | |
| Mr Phillip Wheatley | United Kingdom | 50 years | Sep 2024 | - | Director |
P&L
August 2023turnover
17.7m
-16%
operating profit
2m
0%
gross margin
51.2%
+3.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
17.6m
+0.15%
total assets
19.5m
+0.1%
cash
3.5m
+0.45%
net assets
Total assets minus all liabilities
ridgeway learning partnership company details
company number
08056991
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85310 - General secondary education
incorporation date
May 2012
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
tring school (November 2017)
accountant
-
auditor
HILLIER HOPKINS LLP
address
tring school mortimer hill, tring, hertfordshire, HP23 5JD
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
ridgeway learning partnership 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 ridgeway learning partnership.
ridgeway learning partnership Companies House Filings - See Documents
| date | description | view/download |
|---|
