LONDON PHILHARMONIC ORCHESTRA LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Orchestra has demonstrated its ability to adapt its activities through what has continued to be a turbulent period for the economy and the sector, including a period of high inflation. The confirmation of the permanent extension of the higher rate of Orchestra Tax Relief of 45% has given certainty over this expected future value of this income stream. The Orchestra considers there to be a reasonable expectation that a proportionate element of fundraising will continue, based on existing pledges, ongoing conversations and cautious expectations. In the event that projected fundraising income is not received, the Orchestra is still confident it could cover its costs, but this would be likely to impact planned activities. On this basis of ongoing receipt of Arts Council Grant, current reserve levels that can be appropriately utilised if required, and ongoing activities (including an element of fundraising), the Trustees are confident that the company is a going concern.”

Group structure

1. LONDON PHILHARMONIC ORCHESTRA LIMITED · parent
   1. London Philharmonic Orchestra Trading Limited 100% · England and Wales · trading subsidiary

Significant events

• “2023/24 was an incredible ambitious and successful year for the London Philharmonic Orchestra.”
• “Our performances started with Mahler's epic Symphony No. 2, recorded live for Sky Arts, and concluded with Wagner's Götterdämmerung.”
• “The series has been incredibly successful, reaching over 1m viewers, and has been nominated for a Royal Philharmonic Society Award in their Storytelling category.”
• “Financially, 2023/24 box office income for LPO promotions was our highest-grossing ever, as was income for performance fees.”
• “Edward Gardner's live performance of Tippett's The Midsummer Marriage won the Gramophone Award for Opera Recording of the Year”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.3%

  £7,362,197 → £8,415,983

• Cash

  -35.4%

  £836,791 → £540,271

• Net assets

  +14.3%

  £8,015,908 → £9,158,219

• Employees

  +4.9%

  41 → 43

• Operating profit

  +170.2%

  -£1,213,107 → £851,790

• Wages

  +8.7%

  £1,584,919 → £1,722,099

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers