RICHARD SHUTTLEWORTH TRUSTEES

1. RICHARD SHUTTLEWORTH TRUSTEES 2003-07-25 → present
2. THE SHUTTLEWORTH TRUST 1993-10-25 → 2003-07-25
3. THE SHUTTLEWORTH COLLECTION 1992-05-29 → 1993-10-25
4. THE SHUTTLEWORTH FLYING COLLECTION 1992-05-01 → 1992-05-29

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

Peters Elworthy & Moore

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trust has considerable financial resources and as a consequence, the Trustees believe that the Trust is well placed to manage its business risks successfully and accordingly has a reasonable expectation that the Trust has adequate resources to continue in operational existence for at least 12 months from the date the financial statements are signed. Accordingly, the Trustees continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. RICHARD SHUTTLEWORTH TRUSTEES · parent
   1. Old Warden Limited 100%

Significant events

• “The Group appointed a new CEO, Yiannis Koursis, in November 2023.”
• “An early example of this strengthened relationship has been the transfer of farming rights of 128 acres of Trust-owned farmland to the College, providing a more extensive experience to those students studying land-based sciences at Kingshill Farm.”
• “The number of airshows staged was reduced from ten to seven, with some becoming multi-day events... with visitor numbers up by 7% year-on-year, despite staging less airshows than the year before.”
• “During the latter part of 2024, solar panels were successfully installed across most of the museum hangar roof space, going live in June at a cost of £332k.”
• “Two significant capex projects were undertaken in 2024 comprising the solar panel installation at the museum, costing £332k, and the repair and upgrade to the access route into the college, jointly funded with the college, and at a net cost of £180k to the trust.”
• “The Trust has been able to reduce its fixed costs via a staff restructuring, providing greater operational and cost flexibility, and has also been able to largely pass on price increases to visitors.”
• “During the year the Charity incurred redundancy costs of £23k (2023: £191k). The redundancy costs relate to a restructuring of staff.”

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

Filings

1

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

  +18.4%

  £2,773,000 → £3,283,000

• Cash

  -8.9%

  £2,186,000 → £1,991,000

• Net assets

  +2.4%

  £102,704,000 → £105,153,000

• Employees

  -18.2%

  55 → 45

• Wages

  -9%

  £1,928,000 → £1,755,000

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