“While some of the sectors in which we operate, including Hair and Barbering, have been affected by the pandemic, we have maintained our core programmes and a significant number of our learners have undertaken key worker roles. “As a management group, we made a conscious decision to deliver a ‘right learner, right programme’ strategy throughout the business to help drive a high quality of training and that continues to pay dividends. “To post a significant improvement in our financial results despite the obvious difficulties and challenges of the pandemic in 2020, speaks volumes for the hard work, commitment and dedication of the entire team. He said: “The investment from Enact has allowed us to become a debt-free and financially stable business and the future is exceptionally bright with the business now a standalone, profitable entity. Realise managing director Gregg Scott believes the financial results display the company’s increasing financial strength.
The company became a standalone training provider in October last year, with private equity investors Enact providing funding to support Realise’s management buyout from Interserve Learning & Employment. Realise Learning and Employment Limited improved its financial performance by more than £1m ending 2020, with its recently filed statements displaying a positive net asset position and a debt-free balance sheet. One of the UK’s leading apprenticeship and adult education providers which secured private equity funding to become an independent business last year has significantly improved its performance over the last two years – despite the coronavirus pandemic.
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