ROYAL NAVY MUSEUMS

1. ROYAL NAVY MUSEUMS 2025-12-12 → present
2. THE NATIONAL MUSEUM OF THE ROYAL NAVY 2008-09-16 → 2025-12-12

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

Comptroller and Auditor General National Audit Office

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the assurances provided to the National Museum by its sponsor, the Royal Navy, that Grant in Aid funding will continue to be made available, and the work of the Executive on 2025-26 budgets and the 10-year financial strategy and plan, the Trustees and Directors are content that the going concern basis continues to apply. As such, the financial statements have been prepared on a going concern basis.”

Group structure

1. ROYAL NAVY MUSEUMS · parent
   1. NMRN Operations · Operating company for the National Museum Group
   2. NMRN Trading · Souvenir shops & corporate events
   3. PHD Operations Limited 50% · Ticketing company for Portsmouth Historic Dockyard
   4. NMRN Hartlepool · Holds the NMRN Hartlepool lease
   5. HMS Victory Preservation Company · Holds the ship, HMS Victory
   6. HMS Caroline Preservation Company · Holds the ship, HMS Caroline
   7. HMS Trincomalee Trust · Holds the ship, HMS Trincomalee
   8. The Foudroyant Trust · Dormant Charity
   9. Warrior Preservation Trust 100% · Holds the ship, HMS Warrior
   10. Royal Marines Museum · Holds the Royal Marines Museum collection
   11. Royal Navy Submarine Museum · Holds the Royal Navy Submarine Museum collection
   12. Fleet Air Arm Museum · Holds the Fleet Air Arm Museum collection

Significant events

• “On 9 December 2024, the National Museum's IT network was subject to a significant ransomware cyber-attack.”
• “The new Royal Marine Experience due to open Summer 2026.”

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

Filings

9

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

  +2.8%

  £19,187,000 → £19,733,000

• Cash

  -6.2%

  £12,572,000 → £11,793,000

• Net assets

  -0.4%

  £220,886,000 → £219,907,000

• Employees

  -0.6%

  342 → 340

• Wages

  +1%

  £7,533,000 → £7,612,000

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