the true learning partnership
the true learning partnership Company Information
Group Structure
View All
Industry
General secondary education
+2Registered Address
poynton high school, yew tree lane, stockport, SK12 1PU
Website
truelearning.org.ukthe true learning partnership Estimated Valuation
Pomanda estimates the enterprise value of THE TRUE LEARNING PARTNERSHIP at £28.1m based on a Turnover of £23.9m and 1.17x industry multiple (adjusted for size and gross margin).
the true learning partnership Estimated Valuation
Pomanda estimates the enterprise value of THE TRUE LEARNING PARTNERSHIP at £8.4m based on an EBITDA of £1.3m and a 6.42x industry multiple (adjusted for size and gross margin).
the true learning partnership Estimated Valuation
Pomanda estimates the enterprise value of THE TRUE LEARNING PARTNERSHIP at £123.1m based on Net Assets of £48.7m and 2.53x industry multiple (adjusted for liquidity).
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The True Learning Partnership Overview
The True Learning Partnership is a live company located in stockport, SK12 1PU with a Companies House number of 10455740. It operates in the primary education sector, SIC Code 85200. Founded in November 2016, it's largest shareholder is unknown. The True Learning Partnership is a young, large sized company, Pomanda has estimated its turnover at £23.9m with declining growth in recent years.
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The True Learning Partnership Health Check
Pomanda's financial health check has awarded The True Learning Partnership a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £23.9m, make it larger than the average company (£4.9m)
£23.9m - The True Learning Partnership
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (8.1%)
-15% - The True Learning Partnership
8.1% - Industry AVG
Production
with a gross margin of 54.9%, this company has a comparable cost of product (54.9%)
54.9% - The True Learning Partnership
54.9% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (4.1%)
0.1% - The True Learning Partnership
4.1% - Industry AVG
Employees
with 300 employees, this is above the industry average (88)
300 - The True Learning Partnership
88 - Industry AVG
Pay Structure
on an average salary of £62.8k, the company has a higher pay structure (£35.8k)
£62.8k - The True Learning Partnership
£35.8k - Industry AVG
Efficiency
resulting in sales per employee of £79.8k, this is more efficient (£54.7k)
£79.8k - The True Learning Partnership
£54.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (7 days)
1 days - The True Learning Partnership
7 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (21 days)
13 days - The True Learning Partnership
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The True Learning Partnership
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 81 weeks, this is average cash available to meet short term requirements (94 weeks)
81 weeks - The True Learning Partnership
94 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4.8%, this is a lower level of debt than the average (15%)
4.8% - The True Learning Partnership
15% - Industry AVG
THE TRUE LEARNING PARTNERSHIP financials
The True Learning Partnership's latest turnover from August 2024 is £23.9 million and the company has net assets of £48.7 million. According to their latest financial statements, The True Learning Partnership has 300 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 23,945,000 | 21,216,000 | 21,501,000 | 39,079,000 | 11,757,000 | 23,371,000 | ||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | 130,000 | -409,000 | 791,000 | 22,335,000 | 2,357,000 | 16,898,000 | ||
| Tax | ||||||||
| Profit After Tax | 130,000 | -409,000 | 791,000 | 22,335,000 | 2,357,000 | 16,898,000 | ||
| Dividends Paid | ||||||||
| Retained Profit | 130,000 | -409,000 | 791,000 | 22,335,000 | 2,357,000 | 16,898,000 | ||
| Employee Costs | 18,832,000 | 17,035,000 | 16,062,000 | 13,433,000 | 7,444,000 | 4,994,000 | ||
| Number Of Employees | 300 | 311 | 419 | 436 | 248 | 219 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 47,666,000 | 46,881,000 | 46,347,000 | 43,088,000 | 19,657,000 | 17,327,000 | ||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 47,666,000 | 46,881,000 | 46,347,000 | 43,088,000 | 19,657,000 | 17,327,000 | ||
| Stock & work in progress | ||||||||
| Trade Debtors | 105,000 | 236,000 | 109,000 | 82,000 | 74,000 | 47,000 | ||
| Group Debtors | ||||||||
| Misc Debtors | 819,000 | 455,000 | 748,000 | 2,265,000 | 235,000 | 149,000 | ||
| Cash | 2,504,000 | 3,498,000 | 3,588,000 | 2,765,000 | 1,279,000 | 600,000 | ||
| misc current assets | ||||||||
| total current assets | 3,428,000 | 4,189,000 | 4,445,000 | 5,112,000 | 1,588,000 | 796,000 | ||
| total assets | 51,094,000 | 51,070,000 | 50,792,000 | 48,200,000 | 21,245,000 | 18,123,000 | ||
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 401,000 | 445,000 | 11,000 | 506,000 | ||||
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 1,195,000 | 1,237,000 | 1,261,000 | 475,000 | 542,000 | 202,000 | ||
| total current liabilities | 1,596,000 | 1,682,000 | 1,272,000 | 981,000 | 542,000 | 202,000 | ||
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | ||||||||
| total long term liabilities | 835,000 | 1,067,000 | 1,255,000 | 6,674,000 | 2,222,000 | 1,508,000 | ||
| total liabilities | 2,431,000 | 2,749,000 | 2,527,000 | 7,655,000 | 2,764,000 | 1,710,000 | ||
| net assets | 48,663,000 | 48,321,000 | 48,265,000 | 40,545,000 | 18,481,000 | 16,413,000 | ||
| total shareholders funds | 48,663,000 | 48,321,000 | 48,265,000 | 40,545,000 | 18,481,000 | 16,413,000 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 1,284,000 | 1,074,000 | 851,000 | 665,000 | 345,000 | 236,000 | ||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 233,000 | -166,000 | -1,490,000 | 2,038,000 | 113,000 | 196,000 | ||
| Creditors | -44,000 | 434,000 | -495,000 | 506,000 | ||||
| Accruals and Deferred Income | -42,000 | -24,000 | 786,000 | -67,000 | 340,000 | 202,000 | ||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | 212,000 | 465,000 | 6,929,000 | -271,000 | -289,000 | -485,000 | ||
| cash and cash equivalents | ||||||||
| cash | -994,000 | -90,000 | 823,000 | 1,486,000 | 679,000 | 600,000 | ||
| overdraft | ||||||||
| change in cash | -994,000 | -90,000 | 823,000 | 1,486,000 | 679,000 | 600,000 |
the true learning partnership Credit Report and Business Information
The True Learning Partnership Competitor Analysis
Perform a competitor analysis for the true learning partnership by selecting its closest rivals, whether from the EDUCATION sector, other large companies, companies in SK12 area or any other competitors across 12 key performance metrics.
the true learning partnership Ownership
THE TRUE LEARNING PARTNERSHIP group structure
The True Learning Partnership has no subsidiary companies.
Ultimate parent company
THE TRUE LEARNING PARTNERSHIP
10455740
the true learning partnership directors
The True Learning Partnership currently has 8 directors. The longest serving directors include Mr Thomas Rooney (Jul 2020) and Ms Julie Sutton (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Rooney | England | 44 years | Jul 2020 | - | Director |
| Ms Julie Sutton | England | 68 years | Oct 2020 | - | Director |
| Mr Darren Nelson-Hall | England | 41 years | Sep 2022 | - | Director |
| Mr Richard Collins | England | 62 years | Oct 2022 | - | Director |
| Mr John Guest | United Kingdom | 41 years | Feb 2023 | - | Director |
| Dr Paul Jarvis | United Kingdom | 43 years | May 2024 | - | Director |
| Mrs Sarah Horseman | England | 49 years | May 2024 | - | Director |
| Dr James Twigg | England | 49 years | May 2024 | - | Director |
P&L
August 2024turnover
23.9m
+13%
operating profit
23.3k
0%
gross margin
54.9%
+0.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
48.7m
+0.01%
total assets
51.1m
0%
cash
2.5m
-0.28%
net assets
Total assets minus all liabilities
the true learning partnership company details
company number
10455740
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85200 - Primary education
85310 - General secondary education
85600 - Educational support activities
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2024
previous names
N/A
accountant
-
auditor
DJH AUDIT LIMITED
address
poynton high school, yew tree lane, stockport, SK12 1PU
Bank
LLOYDS BANK PLC, LLOYDS BANK PLC
Legal Advisor
FORBES SOLICITORS LLP
the true 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 the true learning partnership.
the true learning partnership 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.
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the true learning partnership Companies House Filings - See Documents
| date | description | view/download |
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