Change Education Limited
Registered name: CHANGE EDUCATION LIMITED
Part of Blackwater Capital Holdings Limited groupChange Education Limited made £0 revenue and a £37.5k loss in the year to 30 Sep 2025.
Change Education Limited’s revenue fell 100% to £0 in the year to 30 Sep 2025, with a loss of £37.5k and 0 employees. The company is classified under “temporary employment agency activities” and is based in Harrow; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Harrow, London
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 | 30 Sep 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £660k | £611k | £17.3k | £0 |
| Cost of sales | £247k | £334k | £18.1k | £14.5k |
| Gross profit | £413k | £277k | −£802 | — |
| Operating profit | — | — | −£22.2k | — |
| Profit before tax | −£95.8k | −£217k | −£19.6k | −£36k |
| Profit after tax | −£95.8k | −£217k | −£19.6k | −£37.5k |
| Profit (best available) | −£95.8k | −£217k | −£19.6k | −£37.5k |
| Staff costs | £297k | £199k | — | — |
| Employees (average) | 6 | 3 | 1 | 0 |
| Ratios | ||||
| Profit margin | −14.5% | −35.4% | −113.1% | — |
| Gross margin | 62.5% | 45.4% | −4.6% | — |
| Revenue per employee | £110k | £204k | £17.3k | — |
| Profit per employee | −£16k | −£72.2k | −£19.6k | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▼7.4% | ▼97.2% | ▼100% |
| Headcount growth | — | ▼50% | ▼66.7% | ▼100% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £6.8k | £79k | — | — |
| Net assets | −£114k | −£331k | — | — |
| Fixed assets | £1.3k | £1k | — | — |
| Current assets | £266k | £180k | — | — |
| Debtors | £210k | £36.9k | — | — |
| Deferred income | £4k | £4k | — | — |
| Cash from operations | £164k | £112k | — | — |
| Source | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Oct 2024 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼100%
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Blackwater Capital Holdings Limited (registered outside the UK register)ultimate parent75–100%
- Greencastle Holdings Limited75–100%
- Change Education Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (14)
- Coyle Personnel LimitedRev. £113m · Profit £2.5m
- Direct Healthcare 24 LimitedRev. £22.5m · Profit £3m
- Greencastle Solutions (UK) LimitedRev. £20.1m · Profit £12.9k
- Nutrix Personnel LimitedRev. £16.7m · Profit £734k
- Mayday Healthcare LimitedRev. £16.6m · Profit £719k
- Alert Health 24 LimitedRev. £8.4m · Profit £1m
- Plan B Healthcare LimitedRev. £6.9m · Profit £349k
- Zentro Solutions LimitedRev. £4.2m · Profit £344k
- Genesis Health Partners LimitedRev. £3.5m · Profit £215k
- Bridgeway Care Solutions LimitedRev. £2.4m · Profit £77.7k
- Panther Software LimitedRev. £574k · Profit £269k
- Coyle Family Investments LtdRev. £0 · Profit £772k
- Amc Professional LimitedFigures not disclosed
- Luna Care Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 30 Sep 2025 (profit −£37.5k), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 23 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.