THE ROYAL AUTOMOBILE CLUB LIMITED

1. THE ROYAL AUTOMOBILE CLUB LIMITED 1998-07-13 → present
2. NEW CLUB COMPANY LIMITED 1998-05-20 → 1998-07-13

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

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Club's prudent treasury policy and ability to adapt and respond proportionately to events as they unfold provide the directors a reasonable expectation that the Club has adequate resources to continue in operational existence for at least 12 months from the date these financial statements are approved and for the foreseeable future. The Club therefore continues to adopt the going concern basis in preparing its financial statements”

Group structure

1. THE ROYAL AUTOMOBILE CLUB LIMITED · parent
   1. Club Acquisition Company Limited · England · Property holding
   2. Royal Automobile Club Buildings Company Limited · England · Dormant
   3. Automobile Club of Great Britain Limited · England · Dormant
   4. Golf Club and Country House Limited · England · Dormant
   5. Pall Mall and Woodcote Park Clubhouses Limited · England · Maintaining and managing the Pall Mall clubhouse and Woodcote Park clubhouse for the benefit of members.

Significant events

• “The current capital projects programme is our largest for many decades. Over the summer, the 34 bedrooms on the third floor of Pall Mall were completely refurbished. In June, the new Simms Business Centre opened, providing much improved meeting and hot-desk facilities for members.”
• “At Woodcote Park we were delighted to open the new Junior Club Room in December, exclusively for our members aged 13 to 17 and their guests. On the golf courses, the main focus in 2024 was on the refurbishment of the bunkers, pathways and irrigation of the Coronation Course.”
• “Work is now underway on the restoration of Pall Mall's front façade and later this year Pall Mall's sports area will be completely refurbished. During the first half of 2026, attention will turn to the clubhouse at Woodcote Park, where a new arrival area will be created, modern kitchens installed and the bedrooms refurbished.”
• “2024 saw the successful transition to new HR and finance systems, both critical to the Club's operations.”
• “The Club achieved the prestigious Gold standard, positioning it among the top employers in the UK.”
• “The Club was also recognised by Green Tourism for its ESG achievements, with Woodcote Park receiving a Gold award and Pall Mall a Silver – an exceptional achievement for a city-centre Edwardian building.”
• “At the start of 2024, a very positive 95.6% of members renewed and, at the end of the year, we had 1,192 applicants on the waiting list (compared with 1,078 at the end of 2023).”
• “2024 was also a strong year financially, with revenues rising from £61.3m in 2023 to £64.8m in 2024 and EBITDA above budget at £9.8m. However, the recent changes to National Insurance will lead to an additional cost to the Club of some £720,000 a year.”
• “Following a period of exceptionally high prices, the Club's energy contracts were fixed for the two years commencing November 2024, securing a 52% reduction in costs. In absolute terms this represents a saving of £2.0m per annum for the next 2 years.”

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

Filings

7

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

  +5.8%

  £61,268,000 → £64,831,000

• Cash

  +2%

  £31,721,000 → £32,363,000

• Net assets

  +5.7%

  £114,267,000 → £120,766,000

• Employees

  +2.7%

  592 → 608

• Operating profit

  -9.1%

  £4,920,000 → £4,471,000

• Profit before tax

  +7.4%

  £6,053,000 → £6,502,000

• Wages

  +6.8%

  £21,834,000 → £23,308,000

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