Finances

A Lesson in Reading Accounts for the ESFA

Financial Health ESFA

We have been inundated in the past few weeks since setting up promote-ed.co.uk by providers who have either applied for RoATP registration or gone through the refresh process yet have been rejected and indeed some providers removed off the register due to ‘financial health’ issues. 

Examination of their accounts, put through the ESFA model, some do not have outstanding financial health, but they are certainly in the satisfactory category at worst. There are many Colleges who have received notices of concern regarding financial health and have the intervention of the Commissioner, a result of financial deficits on their income and expenditure accounts.

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