free to learn group ltd
free to learn group ltd Company Information
Company Number
12492792
Next Accounts
Mar 2025
Industry
Other business support service activities n.e.c.
Directors
Shareholders
damian gherscovic
Group Structure
View All
Contact
Registered Address
c/o goldwins limited, 75 maygrove road, london, NW6 2EG
Website
-free to learn group ltd Estimated Valuation
Pomanda estimates the enterprise value of FREE TO LEARN GROUP LTD at £11m based on a Turnover of £11.4m and 0.97x industry multiple (adjusted for size and gross margin).
free to learn group ltd Estimated Valuation
Pomanda estimates the enterprise value of FREE TO LEARN GROUP LTD at £12.5m based on an EBITDA of £1.8m and a 7.12x industry multiple (adjusted for size and gross margin).
free to learn group ltd Estimated Valuation
Pomanda estimates the enterprise value of FREE TO LEARN GROUP LTD at £8.9m based on Net Assets of £3.8m and 2.35x industry multiple (adjusted for liquidity).
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Free To Learn Group Ltd Overview
Free To Learn Group Ltd is a live company located in london, NW6 2EG with a Companies House number of 12492792. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2020, it's largest shareholder is damian gherscovic with a 100% stake. Free To Learn Group Ltd is a startup, mid sized company, Pomanda has estimated its turnover at £11.4m with rapid growth in recent years.
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Free To Learn Group Ltd Health Check
Pomanda's financial health check has awarded Free To Learn Group Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £11.4m, make it larger than the average company (£3.6m)
£11.4m - Free To Learn Group Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (4.6%)
35% - Free To Learn Group Ltd
4.6% - Industry AVG
Production
with a gross margin of 70.6%, this company has a lower cost of product (38.2%)
70.6% - Free To Learn Group Ltd
38.2% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (6.2%)
9.9% - Free To Learn Group Ltd
6.2% - Industry AVG
Employees
with 104 employees, this is above the industry average (23)
104 - Free To Learn Group Ltd
23 - Industry AVG
Pay Structure
on an average salary of £33.6k, the company has a lower pay structure (£47.5k)
£33.6k - Free To Learn Group Ltd
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £109.6k, this is less efficient (£151.2k)
£109.6k - Free To Learn Group Ltd
£151.2k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (41 days)
74 days - Free To Learn Group Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 222 days, this is slower than average (33 days)
222 days - Free To Learn Group Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 83 days, this is more than average (33 days)
83 days - Free To Learn Group Ltd
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (25 weeks)
6 weeks - Free To Learn Group Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.8%, this is a similar level of debt than the average (61.5%)
63.8% - Free To Learn Group Ltd
61.5% - Industry AVG
FREE TO LEARN GROUP LTD financials
Free To Learn Group Ltd's latest turnover from June 2023 is £11.4 million and the company has net assets of £3.8 million. According to their latest financial statements, Free To Learn Group Ltd has 104 employees and maintains cash reserves of £842 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Turnover | 11,393,260 | 10,301,503 | 11,901,128 | 4,642,268 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,354,803 | 2,967,032 | 4,142,661 | 1,686,109 |
| Gross Profit | 8,038,457 | 7,334,471 | 7,758,467 | 2,956,159 |
| Admin Expenses | 6,907,713 | 6,017,830 | 5,520,729 | 2,114,432 |
| Operating Profit | 1,130,744 | 1,316,641 | 2,237,738 | 841,727 |
| Interest Payable | 268,458 | 193,481 | 37,119 | 32,872 |
| Interest Receivable | 0 | 8,091 | 4,630 | 0 |
| Pre-Tax Profit | 862,286 | 1,131,251 | 2,205,249 | 808,855 |
| Tax | -244,560 | -381,900 | -411,499 | -170,361 |
| Profit After Tax | 617,726 | 749,351 | 1,793,750 | 638,494 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | 617,726 | 749,351 | 1,793,750 | 638,494 |
| Employee Costs | 3,499,308 | 3,176,046 | 3,076,971 | 1,109,525 |
| Number Of Employees | 104 | 102 | 103 | 102 |
| EBITDA* | 1,759,693 | 1,879,531 | 2,703,160 | 929,510 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Tangible Assets | 2,308,887 | 836,666 | 544,266 | 190,326 |
| Intangible Assets | 1,919,250 | 2,203,250 | 2,487,250 | 2,731,250 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,228,137 | 3,039,916 | 3,031,516 | 2,921,576 |
| Stock & work in progress | 767,710 | 242,509 | 375,443 | 457,895 |
| Trade Debtors | 2,319,115 | 2,319,348 | 2,340,470 | 1,653,775 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,326,383 | 3,178,971 | 2,962,371 | 1,456,914 |
| Cash | 841,963 | 449,513 | 467,523 | 699,293 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 6,255,171 | 6,190,341 | 6,145,807 | 4,267,877 |
| total assets | 10,483,308 | 9,230,257 | 9,177,323 | 7,189,453 |
| Bank overdraft | 35,648 | 36,808 | 88,977 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,043,555 | 1,681,176 | 1,700,096 | 1,098,956 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 34,251 | 0 | 0 | 0 |
| other current liabilities | 4,344,154 | 4,256,929 | 4,081,132 | 4,436,426 |
| total current liabilities | 6,457,608 | 5,974,913 | 5,870,205 | 5,535,382 |
| loans | 48,576 | 73,649 | 109,297 | 250,000 |
| hp & lease commitments | 177,703 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 765,477 | 765,477 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 226,279 | 73,649 | 874,774 | 1,015,477 |
| total liabilities | 6,683,887 | 6,048,562 | 6,744,979 | 6,550,859 |
| net assets | 3,799,421 | 3,181,695 | 2,432,344 | 638,594 |
| total shareholders funds | 3,799,421 | 3,181,695 | 2,432,344 | 638,594 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 1,130,744 | 1,316,641 | 2,237,738 | 841,727 |
| Depreciation | 344,949 | 278,890 | 181,422 | 19,033 |
| Amortisation | 284,000 | 284,000 | 284,000 | 68,750 |
| Tax | -244,560 | -381,900 | -411,499 | -170,361 |
| Stock | 525,201 | -132,934 | -82,452 | 457,895 |
| Debtors | -852,821 | 195,478 | 2,192,152 | 3,110,689 |
| Creditors | 362,379 | -18,920 | 601,140 | 1,098,956 |
| Accruals and Deferred Income | 87,225 | 175,797 | -355,294 | 4,436,426 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,292,357 | 1,591,964 | 427,807 | 2,725,947 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -25,073 | -35,648 | -140,703 | 250,000 |
| Hire Purchase and Lease Commitments | 211,954 | 0 | 0 | 0 |
| other long term liabilities | 0 | -765,477 | 0 | 765,477 |
| share issue | ||||
| interest | -268,458 | -185,390 | -32,489 | -32,872 |
| cash flow from financing | -81,577 | -986,515 | -173,192 | 982,705 |
| cash and cash equivalents | ||||
| cash | 392,450 | -18,010 | -231,770 | 699,293 |
| overdraft | -1,160 | -52,169 | 88,977 | 0 |
| change in cash | 393,610 | 34,159 | -320,747 | 699,293 |
free to learn group ltd Credit Report and Business Information
Free To Learn Group Ltd Competitor Analysis
Perform a competitor analysis for free to learn group ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in NW6 area or any other competitors across 12 key performance metrics.
free to learn group ltd Ownership
FREE TO LEARN GROUP LTD group structure
Free To Learn Group Ltd has no subsidiary companies.
Ultimate parent company
FREE TO LEARN GROUP LTD
12492792
free to learn group ltd directors
Free To Learn Group Ltd currently has 1 director, Mr Gabriel Gherscovic serving since Mar 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gabriel Gherscovic | England | 48 years | Mar 2020 | - | Director |
P&L
June 2023turnover
11.4m
+11%
operating profit
1.1m
-14%
gross margin
70.6%
-0.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.8m
+0.19%
total assets
10.5m
+0.14%
cash
842k
+0.87%
net assets
Total assets minus all liabilities
Similar Companies
free to learn group ltd company details
company number
12492792
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2020
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
GOLDWINS LIMITED
address
c/o goldwins limited, 75 maygrove road, london, NW6 2EG
Bank
-
Legal Advisor
-
free to learn group ltd 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 free to learn group ltd.
free to learn group ltd 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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free to learn group ltd Companies House Filings - See Documents
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