GETSMARTER ONLINE LTD
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Cash
£103k
USD 139,464
-88.8% lowest in 4 filed years
Net assets
-£28m
USD -38,148,232
-9.2% lowest in 5 filed years
Employees
104
-16.1% vs 2024
Profit before tax
-£4.1m
USD -5,578,271
-8.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £39,702,025 | £29,905,253 | £29,893,713 | £39,849,040 | £35,249,838 | -11.5% | |
| Operating profit | -£392,002 | -£8,528,857 | -£4,601,497 | -£3,634,326 | -£3,965,936 | -9.1% | |
| Profit before tax | -£758,681 | -£8,863,124 | -£4,784,001 | -£3,823,356 | -£4,139,719 | -8.3% | |
| Net profit | -£750,702 | -£8,909,549 | -£4,795,953 | -£3,824,685 | -£4,139,719 | -8.2% | |
| Cash | — | £1,684,836 | £732,481 | £921,762 | £103,498 | -88.8% | |
| Total assets less current liabilities | — | — | -£15,884,645 | -£19,953,805 | -£22,744,514 | -14% | |
| Net assets | — | — | -£21,848,935 | -£25,923,242 | -£28,310,376 | -9.2% | |
| Equity | -£2,568,151 | -£3,164,066 | — | — | — | — | |
| Average employees | 19 | 34 | 79 | 124 | 104 | -16.1% | |
| Wages | — | — | £2,713,040 | £4,630,318 | £4,492,386 | -3% | |
| Directors' remuneration | — | — | — | £0 | £0 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -1.0% | -28.5% | -15.4% | -9.1% | -11.3% | |
| Net margin | -1.9% | -29.8% | -16.0% | -9.6% | -11.7% | |
| Gearing (liabilities / total assets) | — | — | 354.8% | 352.3% | 273.1% | |
| Current ratio | — | — | 0.33x | 0.33x | 0.41x | |
| Interest cover | — | — | -25.21x | -19.23x | -22.82x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company's continuation as a going concern is dependent upon its ability to develop and attain profitable operations and generate funds therefrom. The overall premise behind the strategy to improve cash flow and profitability is to generate a deeper relationship and broader course portfolio”
Group structure
- GETSMARTER ONLINE LTD · parent
- Get Educated Proprietary Limited
- 2U GetSmarter UK Limited
- 2U GetSmarter US LLC
- 2U Group UK Limited
- edX Boot Camps UK Limited
- edX Boot Camps LLC
- edX, LLC
Significant events
- “On 25 July 2024, 2U, Inc. announced a strategic transaction to strengthen the balance sheet by restructuring a portion of the debt into equity. 2U, LLC emerged from Chapter 11 on 13 September 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWNSTEIN, Lillian | Director | 2025-05-08 | Aug 1981 | American |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRITZ, Melindi | Director | 2016-09-01 | 2019-03-11 |
| CATES, Susan Elizabeth | Director | 2017-07-01 | 2017-08-31 |
| CHERNIS, Mark Jay | Director | 2019-04-11 | 2022-08-30 |
| GRAHAM, Catherine Ann | Director | 2018-02-01 | 2019-10-14 |
| LALLJIE, Paul Sunil | Director | 2020-01-08 | 2024-10-04 |
| NORDEN, Matthew Jay | Director | 2024-11-20 | 2025-05-09 |
| NORDEN, Matthew Jay | Director | 2017-07-01 | 2018-01-31 |
| PADDOCK, Robert James | Director | 2015-09-14 | 2017-07-01 |
| PADDOCK, Samuel Edward | Director | 2015-09-14 | 2016-06-01 |
| SAUNDERS, Anthony Edward Graham | Director | 2015-09-01 | 2016-06-01 |
| SHIVDASANI, Arun | Director | 2025-06-11 | 2026-05-31 |
| STORRAR, Graeme Norman | Director | 2015-10-01 | 2016-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| 2u, Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-07-01 | Ceased 2024-08-07 |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-23 | AA | accounts | Accounts with accounts type full | |
| 2025-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full | |
| 2024-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-09-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-03 | CH01 | officers | Change person director company with change date | |
| 2024-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | CH01 | officers | Change person director company with change date | |
| 2024-03-23 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.