Explorer Education Ltd

Explorer Education Ltd, based in Barnsley, UK, is a small, active company founded six years ago in 2019. It’s a solo venture, run by a single director and owner, Stainforth Joanne, and employs just one person. The company holds £723 in assets and operates from a real address in Darton. While small, it’s been around for a while and seems to be navigating the education sector.

The company’s website, iLAP Global Education Group, paints a picture of a much larger operation. iLAP offers a wide range of British qualifications, from diplomas to doctoral degrees, through online, on-campus, and blended learning models. It partners with universities in the UK and overseas, emphasizing flexible study options and accelerated degree completion. The site highlights various programs, including business management, health and social care, and information technology, and promotes its global reach with study locations in London, Zurich, Dubai, and beyond. The website clearly focuses on attracting international students seeking recognised British qualifications, with a strong emphasis on career development and affordable fees. It’s a full-blown education provider, not just a small tutoring service.

Financially, Explorer Education Ltd’s report reveals a concerning trend. Net assets have plummeted 17% to -£2800, and current assets have decreased by 17% to £720. Cash reserves have also taken a hit, dropping 51% to just £69. While creditors have increased slightly by 8%, it's not enough to offset the significant decline in assets. Bank borrowings have risen by 6.5%. The company’s small size (meeting two of three criteria for a small company) means it's likely exempt from an audit, so these figures are unaudited. The company's director signing financial statements is Joanne Stainforth.

Overall, Explorer Education Ltd appears to be facing financial headwinds. While the iLAP Global Education Group website projects an image of a thriving international education provider, the company’s financial report suggests it’s burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company will need to address these trends to ensure its sustainability.

Registered in England/Wales under the registration number 11899313, with a registered address at S75 5DR, England, Barnsley, 12 Churchfield Avenue, Darton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.