COURTAULD INSTITUTE OF ART

• ◆

  7 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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 UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Governing Board has prepared cash flow forecasts for a period of 20 months from the date of approval of these financial statements. After reviewing these forecasts, the Governing Board is of the opinion that, taking account of severe but plausible downsides, including a decline in student applications and increased inflation, the Group and parent Institute will have sufficient funds to meet their liabilities as they fall due over the period of 12 months from the date of approval of the financial statements (the going concern assessment period).”

Group structure

1. COURTAULD INSTITUTE OF ART · parent
   1. SCT Enterprises Limited 100% · England and Wales · sale of items related to the Courtauld Gallery and its collections.

Significant events

• “The development of our new Strand Campus, consolidating all our activities in one place, made great progress towards its expected opening in 2029, enabled by a generous pledge from the Reuben Foundation announced in October, the largest financial gift ever bestowed upon us.”
• “Launch of the Manton Centre for British Art, a new intellectual hub dedicated to the study of British art in all its forms, made possible by an extraordinary gift from the Manton Foundation.”
• “In October 2025 a pledged donation of £30 million from the Reuben Foundation was announced.”

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

Filings

17

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

7

last 12 months

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

• Turnover

  +17.1%

  £22,458,000 → £26,308,000

• Cash

  +39.2%

  £14,028,000 → £19,528,000

• Net assets

  +14.2%

  £118,350,000 → £135,132,000

• Employees

  +5.8%

  171 → 181

• Operating profit

  +19.2%

  £8,850,000 → £10,552,000

• Profit before tax

  +10.3%

  £15,212,000 → £16,782,000

• Wages

  +15.3%

  £9,696,000 → £11,175,000

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