Crag & Co has been proud to support PASS throughout its remarkable growth journey, acting as a trusted financial adviser and providing continuity during some of the company’s most significant milestones.
Having worked with the business over many years, Crag & Co has seen PASS evolve from an ambitious education provider into one of the UK’s leading EdTech organisations. As the business has grown, our role has developed alongside it, providing practical advice and financial expertise to help support increasingly complex operations and strategic decisions.
Most recently, Crag & Co has worked closely with the PASS leadership team through two major milestones: the successful completion of a private equity investment and the company’s first statutory audit.
Both events represented significant steps in the maturity of the business. The private equity investment provides PASS with the resources to accelerate growth and innovation, while the successful completion of its first audit reflects the robust financial systems and governance that have been established as the company has scaled.
Throughout both processes, Crag & Co has been a consistent partner, working alongside the management team, investors and other professional advisers to help navigate the challenges and opportunities that accompany rapid growth.
The following is direct feedback from the company:
"Joe and the Crag & Co team have been an invaluable source of support during one of the most challenging periods our business has experienced. Whilst securing private equity investment is an exciting milestone, the preparation and execution involved in a lengthy and rigorous due diligence process can be incredibly demanding. Having a trusted adviser in Crag & Co to guide and support us throughout that journey proved invaluable. We are more than happy to recommend their services and look forward to continuing our relationship as PASS enters its next phase of growth."
Oliver Naylor
Co-Founder & co-CEO, PASS
Driving Innovation in Education
PASS has built its reputation by making education more accessible through technology and innovative delivery models.
The organisation supports a wide range of learners and education providers across the UK through its expanding portfolio of services and platforms.
A key part of this growth is Pass Learn, the group’s direct-to-learner brand, which provides flexible routes into education and career progression.
Recent developments include the launch of a range of Access to Higher Education Diplomas, helping adult learners progress into university and careers in sectors experiencing significant skills shortages. Popular pathways include Nursing, Midwifery, Allied Health Professions, Teaching, Psychology and Mental Health, and Childcare.
Alongside Access to HE qualifications, Pass Learn offers Functional Skills qualifications, GCSEs and other career-critical educational opportunities, helping learners of all ages gain the qualifications needed for employment, apprenticeships and higher education.
The business continues to invest heavily in technology and digital learning solutions, with a focus on improving accessibility and delivering positive outcomes for learners across the country.
Looking Ahead
The successful private equity investment marks the beginning of an exciting new chapter for PASS.
With strong foundations, an expanding product portfolio and ambitious growth plans, the business is well positioned to continue its development as a leading force within the UK education technology sector.
Crag & Co is delighted to have played a part in PASS’s journey to date and is excited to continue supporting the business through its next phase of growth alongside its private equity partners.
Building long-term relationships with ambitious businesses is at the heart of what we do, and PASS is an excellent example of how trusted financial advice and collaborative partnerships can help organisations realise their full potential.
We look forward to working with the PASS team as they continue to innovate, grow and create new opportunities for learners and education providers across the UK.