TEACHERSUK LIMITED
Company number 04378065 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: TEACHERSUK LIMITED (04378065)
1. Credit Opinion: CONDITIONAL
Reasoning: This entity is a non-trading holding company within the Operam Education Group structure. On a standalone basis, the company possesses no independent revenue generation, negligible cash (£240), and virtually all assets (£299,361 of £299,601) comprise intercompany balances owed by group undertakings. Standalone credit capacity is effectively nil. Any credit facility would require a parent company guarantee from Operam Education Group Limited and satisfactory due diligence on the wider group's financial position.
2. Financial Strength
Balance Sheet Composition (Year Ended 31 August 2020):
| Item | £ |
|---|---|
| Fixed Assets (Group investment) | 100 |
| Current Assets | 299,601 |
| - Intercompany debtors | 299,361 |
| - Cash | 240 |
| Current Liabilities | Nil |
| Net Assets / Shareholders' Funds | 299,701 |
Assessment: - The balance sheet is remarkably static across five years of available history, with total assets and shareholders' funds virtually unchanged at approximately £299,700 throughout 2016-2020. This indicates a dormant or quasi-dormant operational state. - No current liabilities are reported, which gives a superficially strong current ratio, but this is misleading given the entirely intercompany asset base. - Share capital of £250 is minimal; the P&L reserve of £299,451 represents accumulated historical profits, though the absence of recent income statement data makes it impossible to verify current profitability. - The company has no external debt obligations on its balance sheet, which is the only positive indicator.
Key Concern: Asset quality is extremely poor from a creditor's perspective. The £299,361 intercompany receivable represents 99.9% of total assets and is wholly dependent on the financial health and willingness of group companies to pay.
3. Cash Flow Assessment
Liquidity Position: - Cash at bank: £240 — effectively zero operating liquidity - No trade debtors, no stock, no revenue-generating assets - No current liabilities requiring servicing
Working Capital: - Net current assets of £299,601 appear healthy but are entirely illusory for standalone debt service purposes, as they consist of an intercompany receivable and negligible cash.
Cash Flow Generation: - The company has taken exemption from preparing a cash flow statement as a qualifying entity within a group. No income statement is provided in the filed accounts. - With no visible trading activity, the company generates no independent cash flows to service any debt facility.
Assessment: The company cannot service any debt obligation from its own resources. Any repayment would be entirely dependent on group-level cash flows and parental support.
4. Monitoring Points
| Metric | Rationale |
|---|---|
| Parent company financial health | Operam Education Group Limited's consolidated financials are the primary determinant of creditworthiness |
| Intercompany receivable recoverability | The £299,361 balance represents virtually all assets; any impairment would eliminate shareholders' funds |
| Group structure changes | Restructuring or disposal of subsidiaries could alter the intercompany position significantly |
| Filing timeliness | Continue monitoring that accounts are filed within deadlines; late filing could signal group-level distress |
| Director changes | Four directors currently appointed; any departures, particularly of the Finance Director, should be noted |
| Status of group undertakings | Monitor whether group companies to which the receivable is owed remain solvent and operational |
Additional Considerations
- Name change from OPENGAZE LIMITED (2016): The rebrand to "TeachersUK" suggests alignment with the education sector focus of the Operam Education Group, but the company itself has no described principal activity — the accounts explicitly state "No description of principal activity."
- Audit status: Despite filing as "Audit Exemption Subsidiary," the accounts are audited by Beever and Struthers with a clean opinion, which provides some assurance on the balance sheet figures.
- No disqualification records identified for current directors.
- Accounts are current — last made up to 31 August 2024, not overdue.