SEASHELL TRUST

1. SEASHELL TRUST 2010-10-13 → present
2. SEA SHELL TRUST 2010-05-27 → 2010-10-13
3. SEA SHELL TRUST LTD 2008-10-15 → 2010-05-27
4. SEA SHELL TRUSTEE LIMITED 2001-05-15 → 2008-10-15

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

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared budgets and projections taking into account possible changes to future income and expenditure which show that the Trust is able to continue to operate as a going concern for the foreseeable future. A reasonable worst-case set of assumptions has been considered in making this assessment. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements. The Directors have considered a period in excess of 12 months from the date of the approval of the financial statements in making their assessment. In particular, the Directors do not consider there to be any material uncertainties in regard to the Trust being able to continue to continue to operate as a going concern for the foreseeable future.”

Significant events

• “During the year we made substantial progress towards completion of the Ged Mason Building, which will be the new home for Royal College Manchester. Once complete, in early 2026, the building's facilities will help prepare our students for a fulfilling life in the community and will match the sector-leading standard of the Moulding Foundation Building, home of Royal School Manchester, which marked its second anniversary during the year.”
• “In October 2024, the National Insurance and Minimum Wage elements of the government's Budget increased Seashell's costs substantially above levels of inflation from April 2025. During the year we were not fully able to recover these additional costs and, as a result, coupled with a reduction in student numbers in some services, the Trust has disappointingly returned a deficit of £1.1m on its unrestricted activities before depreciation.”
• “In order to complete the Ged Mason Building, after the balance sheet date, the Trust borrowed £0.5m under a mortgage facility provided by Together Money Commercial Finance Limited. The borrowing is secured via a charge on the Trust's land and buildings.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.7%

  £23,831,000 → £22,707,000

• Cash

  -64.6%

  £9,885,000 → £3,500,000

• Net assets

  -1.2%

  £62,478,000 → £61,741,000

• Employees

  +4.2%

  640 → 667

• Wages

  +6.4%

  £16,671,000 → £17,735,000

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