PALMERS GREEN HIGH SCHOOL LIMITED
To promote and provide first class day school education (independent of the maintained sector) for girls aged between 3 and 16.
Financial health, per its FY2025 accounts
The accounts state that the school has ceased operations and is transferring its assets to St Alban's Education Group, resulting in the preparation of financial statements on a basis other than going concern. Per the governors' report, the school incurred a net operating loss of £433,358 and saw its cash reserves decrease by 48% to £1,207,854. The trustees determined there was no realistic prospect of the school returning to a sustainable financial position due to falling pupil numbers.
What the accounts disclose
“the Governors consider that free reserves of estimated expenditure for a minimum of two full terms is prudent and practicable”
“In view of the transfer to STAEG and decision to cease operations, the governors do not consider PGHS to be a going concern and therefore consider it appropriate to prepare the accounts on a basis other than that of a going concern.” — page 10
“Mr Gary Tidmarsh, a trustee during this year, was a director of Levitt Bernstein Associates Limited until 30 September 2024. Invoices totalling £14,744 were charged from Levitt Bernstein to the school in the year under review. (2024: £nil)” — page 26
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → not a going concern (FY2025).
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Michael Duncan Lewis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £3.7m | £4.2m |
| 31/07/2024 | £4.2m | £4.1m |
| 31/07/2023 | £3.8m | £3.7m |
| 31/07/2022 | £3.9m | £3.4m |
| 31/07/2021 | £3.7m | £3.2m |
Common questions
Is PALMERS GREEN HIGH SCHOOL LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the school has ceased operations and is transferring its assets to St Alban's Education Group, resulting in the preparation of financial statements on a basis other than going concern. Per the governors' report, the school incurred a net operating loss of £433,358 and saw its cash reserves decrease by 48% to £1,207,854. The trustees determined there was no realistic prospect of the school returning to a sustainable financial position due to falling pupil numbers. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Charities like this
- LEICESTER HIGH SCHOOL CHARITABLE TRUST LIMITED
- HIGHCLARE SCHOOL
- ELSTREE SCHOOL LIMITED
- ST CATHERINE'S SCHOOL, TWICKENHAM
- CHANNING HOUSE INCORPORATED, HIGHGATE
- BURGESS HILL SCHOOL FOR GIRLS COMPANY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PALMERS GREEN HIGH SCHOOL LIMITED | £3.7m | — | — | unclear | — | not going concern |
| LEICESTER HIGH SCHOOL CHARITABLE TRUST LIMITED | £4.0m | £100,001 - £110,000 | — | below | — | no doubt |
| HIGHCLARE SCHOOL | £8.0m | £100,001 - £110,000 | 5 | unclear | — | no doubt |
| ELSTREE SCHOOL LIMITED | £7.4m | — | — | unclear | — | no doubt |
| ST CATHERINE'S SCHOOL, TWICKENHAM | £7.5m | £150,001 - £180,000 | — | unclear | — | no doubt |
| CHANNING HOUSE INCORPORATED, HIGHGATE | £27.6m | — | 0 | unclear | — | no doubt |