DEERE APPRENTICESHIPS

At Deere Apprenticeships, we believe in the transformative power of education and training. Since our inception, we've focused on providing accessible and impactful learning opportunities that cater to both individuals and employers. Our programmes are designed to equip learners with the skills needed to thrive in today's dynamic job market.

Our commitment to excellence has led us to collaborate with a diverse range of employers, ensuring our training remains relevant and effective. We take pride in our ability to adapt and innovate, continuously refining our offerings to meet the evolving needs of the workforce.

By investing in Deere Apprenticeships, you’re backing a proven provider that delivers real, measurable outcomes — from helping young people start meaningful careers to supporting employers in building skilled, motivated teams. It’s an opportunity to be part of a mission that’s changing lives, closing the skills gap, and shaping a more capable, future-ready workforce across the UK.

Credit Commentary
Deere Apprenticeship Ltd is a private training provider based in Nottinghamshire, England. Founded in 2011, the company focuses on equipping individuals with practical skills and qualifications that enhance employability and support career advancement. Deere Apprenticeships is registered with the UK government’s training provider directory and has received positive reviews from both employers and apprentices.
The company holds an Equifax score of A, and the C2F internal credit rating score stands lower. The shareholding is split between Carl Hardwick and Louise Howe. Both the directors/shareholders are homeowners with an excellent credit profile. The directors are providing a personal guarantee, which means that should the business fail and there are insufficient assets within the business to repay the loan, we can look to the guarantor to repay for any shortfall.
The company reported a substantial uplift in turnover during FY 2024 (year ended 31st July), rising by 58% to stand at £544k (FY 2023: £343K). This was the result of a shift in business focus from funded training for unemployed adults to solely focusing on Apprenticeship training. The increased revenue generated an impressive Profit Before Tax of £103K as compared to a Net Before Tax loss of £16K in the previous year, which was supported by the refund provided to the company in the form of an R&D claim. During FY 2024, the company witnessed an increase in staff/admin costs due to more trainers hired for increased services deployed. The six-month management accounts indicate a turnover of £611K and a Net Profit of £ 79.9 K. Going forward, the company expects a steady revenue generation with increased focus on apprenticeship-based pieces of training. The Net Equity of the company stood at £77.7 K during FY2024. The Operating Profit of the company is more than sufficient to cover the proposed loan facility, and the bank accounts remain well in credit. The company would be utilising the funds to support working capital requirements and to settle the loan with one of its lenders.

Inflation Risk
The company is impacted by inflation to a certain extent. The company’s revenue is tied to government-set rates, and on the other hand, the company must manage internal cost pressure, mainly by efficiently managing/spreading staff costs, as this expense consumes a greater proportion of their overall cost.