IRONBRIDGE GORGE MUSEUM TRUST LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-05-13.

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 in the financial statements which indicates that the Trust is in advanced discussions with a view to transferring the museums, assets and operations of the Trust to a large heritage charity within the next 12 months. At the time of issuing these financial statements non-binding Heads of Terms had been approved by both parties. These events indicate that a material uncertainty exists that may cast significant doubt on the Trust's ability to continue as a Going Concern.

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

WR Partners

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 in the financial statements which indicates that the Trust is in advanced discussions with a view to transferring the museums, assets and operations of the Trust to a large heritage charity within the next 12 months. At the time of issuing these financial statements non-binding Heads of Terms had been approved by both parties. These events indicate that a material uncertainty exists that may cast significant doubt on the Trust's ability to continue as a Going Concern.”

Group structure

1. IRONBRIDGE GORGE MUSEUM TRUST LIMITED · parent
   1. Ironbridge Gorge Trading Company Limited 100% · England & Wales · The retailing of Museum giftware and souvenirs, the provision of catering services and Conference & Banqueting services

Significant events

• “A ten-year Manifesto was developed by the Trust in 2021 which sets out the strategic direction of the Trust and its underlying purpose and priorities.”
• “The £1.064m ACE administered Museum Estate and Development Fund (MEND) project... In 2024 the following parts of the Project were completed: New Fire Alarm system, Installation of new equipment to reduce energy consumption, Foundry mechanical air extraction and electrical works.”
• “The £9.974m National Heritage Memorial Fund (NHMF) project. This grant... is funding vital heritage conservation works across the entire estate... The grant includes an endowment of £4.5m which was received in the year.”
• “The Coalbrookdale Exhibition 'From Stars to Cells: The Life of Iron' ran from April to December 2024 welcoming 10,000 visitors and proved to be one of the most popular exhibitions to date.”
• “In September 2024 the Trust partially liquidated £1.15m from the HF Endowment following Charity Commission approval. This purpose of the partial liquidation was to the repay the overdraft held with Barclays Bank. In 2024 the Trust transferred its banking operations from Barclays to Lloyds Bank.”
• “The last active employee in the scheme left the Trust in January 2024. This event triggered an actuarial revaluation of the scheme as at 31 January 2024, the results of which result in a termination surplus of £669,260.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -1%

  £5,249,311 → £5,196,789

• Cash

  +1,098%

  £51,916 → £621,973

• Net assets

  +0.5%

  £46,380,198 → £46,605,776

• Employees

  +1.2%

  244 → 247

• Wages

  +6.5%

  £4,139,381 → £4,408,237

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