SS GREAT BRITAIN TRUST

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SS GREAT BRITAIN TRUST 2002-06-07 → present
2. SS 'GREAT BRITAIN' PROJECT LIMITED 1971-01-27 → 2002-06-07

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Trustees have considered the question of the charity's ability to continue as a going concern. Financial forecasts provided by the management team have been analysed and discussed, in detail by the Finance and Audit Committee and then by the full board. The Trust has not yet fully recovered visitor numbers and therefore income following the COVID-19 pandemic and cost of living and inflationary pressures now added to by global uncertainties. If the Trust can meet its budget for the financial year, support from the Endowment fund will not be required to maintain a positive cash position throughout the next 12 months other than for agreed investment projects. The Finance and Audit Committee continue to meet regularly to remain alive to changes as they occur and to enable prompt and swift decision making as necessary. Having considered all the elements previously mentioned, Trustees are strongly confident in the charity's ability to continue as a going concern for the next 12 months at least.”

Group structure

1. SS GREAT BRITAIN TRUST · parent
   1. SS Great Britain Trading Limited 100% · UK · retail, catering and function business
   2. The SS Great Britain Endowment Trust 100% · UK · holds the permanent endowment on the Trust's behalf
   3. The Albion Dock Company 10% · UK · sub tenant in the Albion Dock

Significant events

• “The Trust secured c.£750,000 from the Philip Nicholas Trust to reimagine the Dockyard Museum, with additional funding from trusts and foundations for a total £1.6 million project to revitalise the attraction.”
• “The Trust was awarded £246,000 from the National Heritage Lottery Fund for its Global Journeys initiative.”
• “Successful completion of a £800,000 project to replace the ship's weatherdeck, supported by a grant from Arts Council England's MEND funding stream.”

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

  -9%

  £1,825,324 → £1,661,547

• Cash

  +21.8%

  £496,007 → £604,105

• Net assets

  -2.3%

  £18,679,678 → £18,256,157

• Employees

  0%

  73 → 73

• Operating profit

  -21%

  -£891,375 → -£1,078,752

• Wages

  -4.5%

  £2,065,829 → £1,973,285

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