MANCHESTER INTERNATIONAL FESTIVAL

• ◆

  5 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

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Following this review, the Trustees confirm that the organisation's accounts will be prepared on the basis of 'Going Concern'.”

Group structure

1. MANCHESTER INTERNATIONAL FESTIVAL · parent
   1. Factory Academy Limited 100% · England and Wales · delivers the programmes of skills and training to young adults that addresses the skills gaps within the Cultural sector.
   2. MIF Productions Limited 100% · England and Wales · delivers production, running and closure of productions presented at the MIF Festivals.
   3. Factory International Trading Services Limited 100% · England and Wales · brand partnerships and corporate sponsorships including the naming rights of the venue, hire of the venue for 3rd party commercial and music events, sale of merchandise through the Factory International shop and commission received through food and beverage sales.

Significant events

• “Work began in late 2024 to develop Factory International's next strategic plan, which will run from April 2026-March 2031.”
• “The Capital Build and Transition Project moved into the final stages. Focus moved to a handful of additional works, high impact defects and final building systems being fully commissioned, witnessed and handed over, prior to the lease being signed.”
• “We have created a new learning and training space called The Lab, after entering into a lease with the Science and Industry Museum for one of the storage arches, which adjoins the Aviva Studios building.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +18.7%

  £3,920,331 → £4,655,014

• Cash

  +35.6%

  £3,733,637 → £5,063,954

• Net assets

  -3%

  £13,646,243 → £13,232,392

• Employees

  -5%

  221 → 210

• Profit before tax

  +10.7%

  -£1,704,029 → -£1,522,053

• Wages

  +2.6%

  £8,263,727 → £8,479,649

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