SHEFFIELD CITY TRUST

• ⚠

  Material uncertainty over going concern

  Following the conclusion of Sheffield City Council's public procurement exercise, the charity ceased to operate venues from January 2025 and is now in a period of winding up operations prior to solvent liquidation. The charity is therefore not considered to be a going concern and the accounts have therefore been prepared on this basis.

1. SHEFFIELD CITY TRUST 1991-12-02 → present
2. SHEFFIELD LEISURE AND RECREATION TRUST 1988-04-29 → 1991-12-02
3. SHEFFIELD LEISURE AND RECREATION TRUST LIMITED 1987-12-01 → 1988-04-29
4. TRUEGUIDE LIMITED 1987-09-15 → 1987-12-01

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

Material uncertainty disclosed

“Following the conclusion of Sheffield City Council's public procurement exercise, the charity ceased to operate venues from January 2025 and is now in a period of winding up operations prior to solvent liquidation. The charity is therefore not considered to be a going concern and the accounts have therefore been prepared on this basis.”

Group structure

1. SHEFFIELD CITY TRUST · parent
   1. Sheffield International Venues Limited 100% · England and Wales · Management of sporting and entertainment facilities and provision of catering and conferencing services
   2. 7 Hills Leisure Trust · England and Wales · Management of sporting and recreational facilities
   3. 7 Hills Commercial Limited 100% · England and Wales · Provision of catering services
   4. Phoenix Sports Limited · England and Wales · Operation and strategic direction of English Institute of Sport- Sheffield (EISS)
   5. SIV Enterprises Limited 100% · England and Wales · Management of sporting and recreational facilities, a catering facility and the provision of consultancy services

Significant events

• “In January 2025, the procurement processes instigated by Sheffield City Council relating to the leisure and entertainment facilities in Sheffield were brought to a conclusion.”
• “Under a Funding Agreement, Sheffield City Trust transferred its undertaking and assets to Sheffield City Council (or its nominees) at the conclusion of the procurement process.”
• “7 Hills Leisure Trust was dissolved on 4 May 2025.”
• “7 Hills Commercial Limited was dissolved on 14 September 2024.”
• “SIV Enterprises Limited was dissolved on 30 April 2025.”
• “Sheffield City Trust ceased being a member of Phoenix Sports Limited on 2 January 2025.”
• “On 24 December 2025, the director of Sheffield International Venues Limited declared and paid gift aid payments totalling £1,711,000 to Sheffield City Trust.”

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

Filings

3

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

  -14%

  £32,194,000 → £27,675,000

• Cash

  -64.9%

  £19,159,000 → £6,723,000

• Net assets

  -93.3%

  £25,639,000 → £1,711,000

• Employees

  -11.8%

  1,036 → 914

• Profit before tax

  -231.2%

  -£7,224,000 → -£23,928,000

• Wages

  -18%

  £13,583,000 → £11,139,000

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