WINE AND SPIRIT EDUCATION TRUST

1. WINE AND SPIRIT EDUCATION TRUST 2002-07-22 → present
2. WINE AND SPIRIT EDUCATION TRUST LIMITED 1969-10-17 → 2002-07-22

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 U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees have reviewed the financial performance for FY25 and the FY26 budget with a cashflow forecast projection for the next 12 months. Performance in the first quarter of the financial year has been above expectations, with EBITDA at £1.0m (£0.1m up on prior year). Having reviewed all this information along with the funding facilities available to the Trust, the Trustees have a reasonable expectation that the Group has adequate resources to continue its activities for the foreseeable future and consider that there were no material uncertainties over the Trust's financial viability. Accordingly, they also continue to adopt the going concern basis in preparing the financial statements. Key factors in assessing WSET as a going concern include solid EBITDA performance over recent years, a diverse geographic spread across 4 reporting regions (EMEA, APAC, Americas and Australia), continued place as global market leader for wine and spirits education, and subsidiary operations to grow business in Americas, APAC and Australia.”

Group structure

1. WINE AND SPIRIT EDUCATION TRUST · parent
   1. WSET Asia Pacific Limited 100% · Hong Kong · to support the growing market in Asia.
   2. WSET Americas Inc 100% · USA · to support the growing market in North and South America.
   3. WSET Australia Limited 100% · Australia · to support the growing market in Australia.

Significant events

• “After the year-end, the Charity completed the disposal of the investment property, Bickel's Yard, for a consideration of £750k in September 2025. The property had been classified as 'Investment property held for sale' within Inventories and recognised at fair value at 31 July 2025.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -1.2%

  £21,801,000 → £21,550,000

• Cash

  -6.7%

  £2,299,000 → £2,146,000

• Net assets

  +6.2%

  £8,434,000 → £8,957,000

• Employees

  -4.7%

  192 → 183

• Operating profit

  +136.7%

  £1,100,000 → £2,604,000

• Profit before tax

  +671.2%

  -£229,000 → £1,308,000

• Wages

  -0.1%

  £8,946,000 → £8,937,000

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