reach2 academy trust
reach2 academy trust Company Information
Company Number
08452281
Website
reach2.orgRegistered Address
henhurst ridge primary academy, henhurst ridge, burton-on-trent, DE13 9TQ
Industry
Primary education
General secondary education
Telephone
441283246433
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
reach2 academy trust Estimated Valuation
Pomanda estimates the enterprise value of REACH2 ACADEMY TRUST at £182.5m based on a Turnover of £132.3m and 1.38x industry multiple (adjusted for size and gross margin).
reach2 academy trust Estimated Valuation
Pomanda estimates the enterprise value of REACH2 ACADEMY TRUST at £9.5m based on an EBITDA of £1.5m and a 6.51x industry multiple (adjusted for size and gross margin).
reach2 academy trust Estimated Valuation
Pomanda estimates the enterprise value of REACH2 ACADEMY TRUST at £497.3m based on Net Assets of £263.1m and 1.89x industry multiple (adjusted for liquidity).
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Reach2 Academy Trust Overview
Reach2 Academy Trust is a live company located in burton-on-trent, DE13 9TQ with a Companies House number of 08452281. It operates in the primary education sector, SIC Code 85200. Founded in March 2013, it's largest shareholder is unknown. Reach2 Academy Trust is a established, mega sized company, Pomanda has estimated its turnover at £132.3m with low growth in recent years.
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Reach2 Academy Trust Health Check
Pomanda's financial health check has awarded Reach2 Academy Trust a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £132.3m, make it larger than the average company (£6.6m)
£132.3m - Reach2 Academy Trust
£6.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.8%)
2% - Reach2 Academy Trust
5.8% - Industry AVG
Production
with a gross margin of 44.7%, this company has a comparable cost of product (44.7%)
44.7% - Reach2 Academy Trust
44.7% - Industry AVG
Profitability
an operating margin of -8.2% make it less profitable than the average company (6.5%)
-8.2% - Reach2 Academy Trust
6.5% - Industry AVG
Employees
with 3051 employees, this is above the industry average (122)
3051 - Reach2 Academy Trust
122 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£37.4k)
£34.5k - Reach2 Academy Trust
£37.4k - Industry AVG
Efficiency
resulting in sales per employee of £43.4k, this is less efficient (£51.7k)
£43.4k - Reach2 Academy Trust
£51.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is later than average (0 days)
1 days - Reach2 Academy Trust
0 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is close to average (19 days)
19 days - Reach2 Academy Trust
19 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (4 days)
0 days - Reach2 Academy Trust
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is less cash available to meet short term requirements (103 weeks)
50 weeks - Reach2 Academy Trust
103 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.3%, this is a similar level of debt than the average (9.5%)
9.3% - Reach2 Academy Trust
9.5% - Industry AVG
reach2 academy trust Credit Report and Business Information
Reach2 Academy Trust Competitor Analysis
Perform a competitor analysis for reach2 academy trust by selecting its closest rivals and benchmarking them against 12 key performance metrics.
reach2 academy trust Ownership
REACH2 ACADEMY TRUST group structure
Reach2 Academy Trust has no subsidiary companies.
Ultimate parent company
REACH2 ACADEMY TRUST
08452281
reach2 academy trust directors
Reach2 Academy Trust currently has 11 directors. The longest serving directors include Mr Gavin Robert (Feb 2017) and Mrs Teresa Beach (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Robert | England | 56 years | Feb 2017 | - | Director |
| Mrs Teresa Beach | England | 53 years | Feb 2018 | - | Director |
| Mr Ralph Kugler | 68 years | Feb 2018 | - | Director | |
| Mr Wade Newmark | United Kingdom | 64 years | Feb 2018 | - | Director |
| Mr Jonathan Lewis | England | 45 years | Jul 2018 | - | Director |
| Mr Marc Doyle | England | 52 years | Jul 2021 | - | Director |
| Mrs Rosalind Cordner | England | 59 years | Jul 2021 | - | Director |
| Mrs Catherine Paine | 53 years | Apr 2022 | - | Director | |
| Mr James Penny | England | 62 years | Dec 2022 | - | Director |
| Mr Tony O'Dwyer | England | 54 years | Dec 2022 | - | Director |
REACH2 ACADEMY TRUST financials
Reach2 Academy Trust's latest turnover from August 2023 is £132.3 million and the company has net assets of £263.1 million. According to their latest financial statements, Reach2 Academy Trust has 3,051 employees and maintains cash reserves of £14 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 | 132,276,000 | 129,534,000 | 125,738,000 | 123,075,000 | 144,384,000 | 115,401,000 | 111,175,000 | 314,756,000 | 44,737,000 | 8,200,380 | 6,879,533 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 20,000 | 17,000 | 0 | 88,000 | 18,000 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,000 | 5,000 |
| Pre-Tax Profit | -10,466,000 | -12,276,000 | -3,073,000 | 195,000 | 23,950,000 | -16,785,000 | -8,922,000 | 198,125,000 | 34,219,000 | 2,662,597 | 5,438,520 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -10,466,000 | -12,276,000 | -3,073,000 | 195,000 | 23,950,000 | -16,785,000 | -8,922,000 | 198,125,000 | 34,219,000 | 2,662,597 | 5,438,520 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -10,466,000 | -12,276,000 | -3,073,000 | 195,000 | 23,950,000 | -16,785,000 | -8,922,000 | 198,125,000 | 34,219,000 | 2,662,597 | 5,438,520 |
| Employee Costs | 105,187,000 | 95,307,000 | 90,758,000 | 87,464,000 | 87,143,000 | 83,238,000 | 80,467,000 | 82,647,000 | 7,790,000 | 4,011,512 | 995,560 |
| Number Of Employees | 3,051 | 2,997 | 2,971 | 2,973 | 2,990 | 3,106 | 2,869 | 2,786 | 388 | 128 | 69 |
| 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 | 271,159,000 | 279,155,000 | 279,627,000 | 279,431,000 | 275,600,000 | 239,939,000 | 247,871,000 | 251,686,000 | 45,717,000 | 9,178,691 | 5,762,730 |
| 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 | 271,159,000 | 279,155,000 | 279,627,000 | 279,431,000 | 275,600,000 | 239,939,000 | 247,871,000 | 251,686,000 | 45,717,000 | 9,178,691 | 5,762,730 |
| Stock & work in progress | 3,000 | 11,000 | 11,000 | 13,000 | 10,000 | 13,000 | 7,000 | 35,000 | 4,000 | 2,068 | 3,107 |
| Trade Debtors | 610,000 | 264,000 | 481,000 | 690,000 | 1,302,000 | 1,238,000 | 1,486,000 | 365,000 | 88,000 | 7,723 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98,000 | 0 | 0 | 54,013 |
| Misc Debtors | 4,223,000 | 4,107,000 | 3,639,000 | 2,651,000 | 3,230,000 | 3,080,000 | 2,552,000 | 3,386,000 | 1,593,000 | 793,890 | 172,964 |
| Cash | 13,968,000 | 16,979,000 | 15,538,000 | 11,664,000 | 8,350,000 | 12,768,000 | 13,709,000 | 14,122,000 | 2,023,000 | 688,056 | 286,791 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,804,000 | 21,361,000 | 19,669,000 | 15,018,000 | 12,892,000 | 17,099,000 | 17,754,000 | 18,006,000 | 3,708,000 | 1,491,737 | 516,875 |
| total assets | 289,963,000 | 300,516,000 | 299,296,000 | 294,449,000 | 288,492,000 | 257,038,000 | 265,625,000 | 269,692,000 | 49,425,000 | 10,670,428 | 6,279,605 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,815,000 | 5,692,000 | 3,432,000 | 2,446,000 | 3,179,000 | 3,193,000 | 2,420,000 | 1,961,000 | 493,000 | 196,984 | 24,300 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142,000 | 1,489 | 0 |
| other short term finances | 665,000 | 665,000 | 600,000 | 600,000 | 600,000 | 611,000 | 111,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,895,000 | 8,419,000 | 7,528,000 | 7,165,000 | 6,271,000 | 6,369,000 | 5,981,000 | 5,039,000 | 1,449,000 | 839,838 | 116,785 |
| total current liabilities | 14,375,000 | 14,776,000 | 11,560,000 | 10,211,000 | 10,050,000 | 10,173,000 | 8,512,000 | 7,000,000 | 2,097,000 | 1,038,311 | 141,085 |
| loans | 2,472,000 | 3,068,000 | 3,600,000 | 4,200,000 | 4,800,000 | 2,400,000 | 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 | 468,000 | 565,000 | 76,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 12,465,000 | 20,900,000 | 85,719,000 | 66,111,000 | 50,845,000 | 29,722,000 | 31,710,000 | 36,796,000 | 5,178,000 | 1,652,000 | 746,000 |
| total liabilities | 26,840,000 | 35,676,000 | 97,279,000 | 76,322,000 | 60,895,000 | 39,895,000 | 40,222,000 | 43,796,000 | 7,275,000 | 2,690,311 | 887,085 |
| net assets | 263,123,000 | 264,840,000 | 202,017,000 | 218,127,000 | 227,597,000 | 217,143,000 | 225,403,000 | 225,896,000 | 42,150,000 | 7,980,117 | 5,392,520 |
| total shareholders funds | 263,123,000 | 264,840,000 | 202,017,000 | 218,127,000 | 227,597,000 | 217,143,000 | 225,403,000 | 225,896,000 | 42,150,000 | 7,980,117 | 5,392,520 |
| 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 | 12,325,000 | 12,358,000 | 11,792,000 | 11,262,000 | 10,883,000 | 18,577,000 | 8,256,000 | 7,468,000 | 440,000 | 125,881 | 42,661 |
| 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 | -8,000 | 0 | -2,000 | 3,000 | -3,000 | 6,000 | -28,000 | 31,000 | 1,932 | -1,039 | 3,107 |
| Debtors | 462,000 | 251,000 | 779,000 | -1,191,000 | 214,000 | 280,000 | 189,000 | 2,168,000 | 879,387 | 574,636 | 226,977 |
| Creditors | -1,877,000 | 2,260,000 | 986,000 | -733,000 | -14,000 | 773,000 | 459,000 | 1,468,000 | 296,016 | 172,684 | 24,300 |
| Accruals and Deferred Income | 1,476,000 | 891,000 | 363,000 | 894,000 | -98,000 | 388,000 | 942,000 | 3,590,000 | 609,162 | 723,053 | 116,785 |
| 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 | -3,761,000 | 2,399,000 | -568,000 | -134,000 | -12,021 | -6,471 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -3,761,000 | 2,399,000 | -568,000 | -134,000 | -12,021 | -6,471 |
| 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 | -142,000 | 140,511 | 1,489 | 0 |
| Other Short Term Loans | 0 | 65,000 | 0 | 0 | -11,000 | 500,000 | 111,000 | 0 | 0 | 0 | 0 |
| Long term loans | -596,000 | -532,000 | -600,000 | -600,000 | 2,400,000 | 2,400,000 | 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 | -468,000 | -97,000 | 489,000 | 76,000 | 0 | 0 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -20,000 | -17,000 | 0 | -57,000 | -13,000 | |
| cash flow from financing | 8,153,000 | 74,632,000 | -13,637,000 | -10,265,000 | -11,107,000 | 8,423,000 | -14,049,000 | 167,394 | -130,511 | -59,000 | |
| cash and cash equivalents | |||||||||||
| cash | -3,011,000 | 1,441,000 | 3,874,000 | 3,314,000 | -4,418,000 | -941,000 | -413,000 | 12,099,000 | 1,334,944 | 401,265 | 286,791 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,000 | 13,000 | 0 | 0 |
| change in cash | -3,011,000 | 1,441,000 | 3,874,000 | 3,314,000 | -4,418,000 | -941,000 | -413,000 | 12,112,000 | 1,321,944 | 401,265 | 286,791 |
P&L
August 2023turnover
132.3m
+2%
operating profit
-10.9m
0%
gross margin
44.7%
+0.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
263.1m
-0.01%
total assets
290m
-0.04%
cash
14m
-0.18%
net assets
Total assets minus all liabilities
Similar Companies
reach2 academy trust company details
company number
08452281
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85200 - Primary education
85310 - General secondary education
incorporation date
March 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
reach2essex academy trust (May 2015)
incorporated
UK
address
henhurst ridge primary academy, henhurst ridge, burton-on-trent, DE13 9TQ
last accounts submitted
August 2023
reach2 academy 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 reach2 academy trust.
reach2 academy trust Companies House Filings - See Documents
| date | description | view/download |
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