trust in learning (academies)
trust in learning (academies) Company Information
Company Number
08089704
Website
http://tilacademies.co.ukRegistered Address
trust house teyfant road, bristol, BS13 0RF
Industry
Pre-primary education
General secondary education
Telephone
01173534472
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
trust in learning (academies) Estimated Valuation
Pomanda estimates the enterprise value of TRUST IN LEARNING (ACADEMIES) at £58.6m based on a Turnover of £44.8m and 1.31x industry multiple (adjusted for size and gross margin).
trust in learning (academies) Estimated Valuation
Pomanda estimates the enterprise value of TRUST IN LEARNING (ACADEMIES) at £259.9m based on an EBITDA of £25.9m and a 10.05x industry multiple (adjusted for size and gross margin).
trust in learning (academies) Estimated Valuation
Pomanda estimates the enterprise value of TRUST IN LEARNING (ACADEMIES) at £57.6m based on Net Assets of £29m and 1.98x industry multiple (adjusted for liquidity).
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Trust In Learning (academies) Overview
Trust In Learning (academies) is a live company located in bristol, BS13 0RF with a Companies House number of 08089704. It operates in the pre-primary education sector, SIC Code 85100. Founded in May 2012, it's largest shareholder is unknown. Trust In Learning (academies) is a established, large sized company, Pomanda has estimated its turnover at £44.8m with rapid growth in recent years.
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Trust In Learning (academies) Health Check
Pomanda's financial health check has awarded Trust In Learning (Academies) a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £44.8m, make it larger than the average company (£4.7m)
£44.8m - Trust In Learning (academies)
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (5.6%)
32% - Trust In Learning (academies)
5.6% - Industry AVG
Production
with a gross margin of 45.9%, this company has a comparable cost of product (45.9%)
45.9% - Trust In Learning (academies)
45.9% - Industry AVG
Profitability
an operating margin of 56.7% make it more profitable than the average company (5.7%)
56.7% - Trust In Learning (academies)
5.7% - Industry AVG
Employees
with 470 employees, this is above the industry average (95)
470 - Trust In Learning (academies)
95 - Industry AVG
Pay Structure
on an average salary of £38.6k, the company has an equivalent pay structure (£33.8k)
£38.6k - Trust In Learning (academies)
£33.8k - Industry AVG
Efficiency
resulting in sales per employee of £95.4k, this is more efficient (£46.7k)
£95.4k - Trust In Learning (academies)
£46.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (1 days)
0 days - Trust In Learning (academies)
1 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (18 days)
48 days - Trust In Learning (academies)
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Trust In Learning (academies)
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is less cash available to meet short term requirements (102 weeks)
63 weeks - Trust In Learning (academies)
102 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.3%, this is a higher level of debt than the average (12%)
23.3% - Trust In Learning (academies)
12% - Industry AVG
TRUST IN LEARNING (ACADEMIES) financials
Trust In Learning (Academies)'s latest turnover from August 2023 is £44.8 million and the company has net assets of £29 million. According to their latest financial statements, Trust In Learning (Academies) has 470 employees and maintains cash reserves of £6.7 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 | 44,820,141 | 21,729,639 | 21,712,039 | 19,572,862 | 19,344,980 | 18,170,714 | 19,829,023 | 19,207,364 | 14,131,478 | 14,471,887 | 10,703,886 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 357 | 353 | 427 | 283 | 196 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 19,244,895 | -1,264,719 | -420,503 | -866,105 | -1,006,603 | -205,667 | 1,069,342 | 1,801,999 | -314,809 | 991,003 | 910,305 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 19,244,895 | -1,264,719 | -420,503 | -866,105 | -1,006,603 | -205,667 | 1,069,342 | 1,801,999 | -314,809 | 991,003 | 910,305 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 19,244,895 | -1,264,719 | -420,503 | -866,105 | -1,006,603 | -205,667 | 1,069,342 | 1,801,999 | -314,809 | 991,003 | 910,305 |
| Employee Costs | 18,138,910 | 16,886,615 | 16,249,092 | 15,159,328 | 14,716,654 | 13,391,581 | 13,966,901 | 11,643,204 | 9,978,828 | 9,697,055 | 6,964,034 |
| Number Of Employees | 470 | 442 | 435 | 439 | 441 | 411 | 454 | 441 | 377 | 251 | 254 |
| 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 | 28,377,299 | 9,040,650 | 9,237,353 | 9,347,460 | 9,439,675 | 9,327,180 | 8,702,666 | 5,859,454 | 2,840,426 | 2,634,016 | 2,193,568 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 28,377,299 | 9,040,650 | 9,237,353 | 9,347,460 | 9,439,675 | 9,327,180 | 8,702,666 | 5,859,454 | 2,840,426 | 2,634,016 | 2,193,568 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 9,335 | 12,110 | 30,143 | 48,760 | 68,837 |
| Trade Debtors | 14,920 | 11,820 | 50,787 | 14,346 | 25,824 | 38,140 | 22,095 | 9,917 | 7,629 | 4,465 | 6,672 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,707,849 | 2,523,927 | 2,610,675 | 1,944,895 | 1,840,219 | 616,657 | 522,414 | 376,219 | 343,312 | 905,678 | 283,300 |
| Cash | 6,743,959 | 3,857,243 | 3,302,060 | 3,297,692 | 2,837,273 | 2,564,950 | 2,684,459 | 2,730,108 | 3,199,268 | 2,998,374 | 2,893,752 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,466,728 | 6,392,990 | 5,963,522 | 5,256,933 | 4,703,316 | 3,219,747 | 3,238,303 | 3,128,354 | 3,580,352 | 3,957,277 | 3,252,561 |
| total assets | 37,844,027 | 15,433,640 | 15,200,875 | 14,604,393 | 14,142,991 | 12,546,927 | 11,940,969 | 8,987,808 | 6,420,778 | 6,591,293 | 5,446,129 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,230,123 | 2,321,076 | 2,495,346 | 2,080,271 | 2,024,181 | 239,419 | 209,994 | 49,258 | 1,295 | 56,905 | 20,547 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 25,008 | 12,695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,293,753 | 1,509,094 | 1,185,567 | 1,563,657 | 1,116,240 | 1,481,335 | 1,354,135 | 1,301,052 | 1,133,984 | 1,131,080 | 1,189,277 |
| total current liabilities | 5,548,884 | 3,842,865 | 3,680,913 | 3,643,928 | 3,140,421 | 1,720,754 | 1,564,129 | 1,350,310 | 1,135,279 | 1,187,985 | 1,209,824 |
| loans | 94,005 | 93,532 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 3,255,005 | 4,313,532 | 14,604,000 | 12,234,000 | 11,282,000 | 6,621,000 | 7,355,000 | 6,813,000 | 3,352,000 | 2,877,000 | 3,204,000 |
| total liabilities | 8,803,889 | 8,156,397 | 18,284,913 | 15,877,928 | 14,422,421 | 8,341,754 | 8,919,129 | 8,163,310 | 4,487,279 | 4,064,985 | 4,413,824 |
| net assets | 29,040,138 | 7,277,243 | -3,084,038 | -1,273,535 | -279,430 | 4,205,173 | 3,021,840 | 824,498 | 1,933,499 | 2,526,308 | 1,032,305 |
| total shareholders funds | 29,040,138 | 7,277,243 | -3,084,038 | -1,273,535 | -279,430 | 4,205,173 | 3,021,840 | 824,498 | 1,933,499 | 2,526,308 | 1,032,305 |
| 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 | 443,370 | 433,344 | 431,046 | 327,573 | 342,925 | 326,169 | 324,034 | 214,279 | 158,819 | 112,188 | 92,383 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | -9,335 | -2,775 | -18,033 | -18,617 | -20,077 | 68,837 |
| Debtors | 187,022 | -125,715 | 702,221 | 93,198 | 1,211,246 | 110,288 | 158,373 | 35,195 | -559,202 | 620,171 | 289,972 |
| Creditors | 909,047 | -174,270 | 415,075 | 56,090 | 1,784,762 | 29,425 | 160,736 | 47,963 | -55,610 | 36,358 | 20,547 |
| Accruals and Deferred Income | 784,659 | 323,527 | -378,090 | 447,417 | -365,095 | 127,200 | 53,083 | 167,068 | 2,904 | -58,197 | 1,189,277 |
| 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 | -950,683 | -339,327 | -421,885 | 193,879 | -319,575 | -42,528 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -950,683 | -339,327 | -421,885 | 193,879 | -319,575 | -42,528 |
| 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 | 12,313 | 12,695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 473 | 93,532 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -357 | -353 | -427 | -283 | -196 | 0 |
| cash flow from financing | 2,530,786 | 11,732,227 | -1,390,000 | -128,000 | -3,478,000 | 1,388,643 | 1,127,647 | -2,911,427 | -278,283 | 502,804 | 122,000 |
| cash and cash equivalents | |||||||||||
| cash | 2,886,716 | 555,183 | 4,368 | 460,419 | 272,323 | -119,509 | -45,649 | -469,160 | 200,894 | 104,622 | 2,893,752 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,886,716 | 555,183 | 4,368 | 460,419 | 272,323 | -119,509 | -45,649 | -469,160 | 200,894 | 104,622 | 2,893,752 |
trust in learning (academies) Credit Report and Business Information
Trust In Learning (academies) Competitor Analysis
Perform a competitor analysis for trust in learning (academies) by selecting its closest rivals, whether from the EDUCATION sector, other large companies, companies in BS13 area or any other competitors across 12 key performance metrics.
trust in learning (academies) Ownership
TRUST IN LEARNING (ACADEMIES) group structure
Trust In Learning (Academies) has no subsidiary companies.
Ultimate parent company
TRUST IN LEARNING (ACADEMIES)
08089704
trust in learning (academies) directors
Trust In Learning (Academies) currently has 11 directors. The longest serving directors include Ms Jane Walton (Dec 2017) and Mrs Helen Cooper (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jane Walton | England | 59 years | Dec 2017 | - | Director |
| Mrs Helen Cooper | England | 62 years | Dec 2018 | - | Director |
| Mr Robert Wellman | England | 78 years | Oct 2019 | - | Director |
| Ms Sian Redwood | England | 39 years | Dec 2021 | - | Director |
| Mrs Anne Rutherford | England | 65 years | Sep 2022 | - | Director |
| Mr David Hussey | England | 72 years | Sep 2022 | - | Director |
| Mr Tim Howes | England | 57 years | Sep 2023 | - | Director |
| Mrs Sue Elliott | England | 55 years | Sep 2023 | - | Director |
| Ms Helen Robinson | England | 52 years | Oct 2023 | - | Director |
| Ms Dawn Emmerton | England | 36 years | Oct 2023 | - | Director |
P&L
August 2023turnover
44.8m
+106%
operating profit
25.4m
0%
gross margin
46%
+0.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
29m
+2.99%
total assets
37.8m
+1.45%
cash
6.7m
+0.75%
net assets
Total assets minus all liabilities
trust in learning (academies) company details
company number
08089704
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85200 - Primary education
85100 - Pre-primary education
85310 - General secondary education
incorporation date
May 2012
age
12
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
August 2023
address
trust house teyfant road, bristol, BS13 0RF
accountant
-
auditor
BISHOP FLEMING LLP
trust in learning (academies) 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 trust in learning (academies).
trust in learning (academies) Companies House Filings - See Documents
| date | description | view/download |
|---|
