FESTIVAL REPUBLIC LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. FESTIVAL REPUBLIC LIMITED 2007-12-18 → present
2. READING FESTIVAL LIMITED 1996-10-21 → 2007-12-18
3. READING FESTIVAL (1995) LIMITED 1995-03-28 → 1996-10-21
4. READING FESTIVAL (1994) LIMITED 1994-07-14 → 1995-03-28

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period to 31 December 2026.”

Group structure

1. FESTIVAL REPUBLIC LIMITED · parent
   1. FRHUG Festival GmbH & Co. KG 50% · Berlin, Germany · Music festival organiser
   2. FRHUG Verwaltungs-GmbH 50% · Berlin, Germany · Music festival organiser
   3. OnBlackheath Limited 70% · London, England · Music festival organiser
   4. FREH Limited 100% · London, England · Music festival organiser

Significant events

• “The company's turnover has increased over the prior year to £83,389,972 (2023 - £77,599,517) due to improved revenue per admit.”
• “The profit for the year, after taxation, has increased over the prior year to £6,752,543 (2023 - profit of £6,405,196).”
• “A dividend of £nil was paid during the year (2023 - £16,200,000).”
• “The statement of financial position shows that the net assets have increased to £12,396,580 (2023 - £5,644,037).”

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

Filings

2

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

  +7.5%

  £77,599,517 → £83,389,972

• Cash

  -6.7%

  £25,624,156 → £23,912,536

• Net assets

  +119.6%

  £5,644,037 → £12,396,580

• Employees

  +20.1%

  214 → 257

• Operating profit

  +10.6%

  £5,839,100 → £6,460,016

• Profit before tax

  +13%

  £7,169,913 → £8,100,384

• Wages

  -5.9%

  £9,237,565 → £8,695,809

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