TURNER CONTEMPORARY

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

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The trustees are of the opinion that Turner Contemporary is a Going Concern as of 31 March 2025.”

Group structure

1. TURNER CONTEMPORARY · parent
   1. Turner Contemporary Enterprises Limited 100% · England and Wales · Commercial activities of Turner Contemporary
   2. Turner Rooms Limited 100% · England and Wales · Accommodation activities of Turner Contemporary

Significant events

• “In 2024/25, we contributed £16.8 million to Kent's economy while transforming Margate into a premier cultural destination.”
• “In 2024-25, Turner presented work by over 150 artists and creative practitioners through exhibitions, new commissions, talks, live performance, film screenings, workshops as part of our Learning and Engagement programme, and limited-edition prints.”
• “In the last financial year, the gallery procured and implemented a new Customer Relationship Management (CRM) and ticketing system, with support from Bloomberg Philanthropies as part of the Digital Accelerator programme. Building on this, we are delivering a major change programme entitled 'Transforming Our Welcome' which started during the year and will run over two years.”
• “Over the course of the year, Turner Contemporary delivered a vibrant and wide-ranging public programme of 20 events, significantly exceeding planned activity and engaging over 3,400 people.”
• “The gallery's Ed Clark programme, supported by the US Embassy, featured a dynamic mix of events including zine-making with People Dem Collective, Gestural Life Drawing, and a multi-sensory festival-style Turner Lates co-curated with Diasporas Now.”
• “In March 2023, Kent County Council confirmed a 22% (£177,500) reduction in its annual funding to the gallery, creating a significant shortfall that we are still working to address.”
• “At the start of 2025 the gallery presented Resistance: How protest shaped photography and photography shaped protest, an exhibition conceived by acclaimed artist and filmmaker Steve McQueen and curated in collaboration with Turner's Director Clarrie Wallis.”
• “In the Summer of 2025 we updated our Support and Sponsorship Policy which incorporates ethical fundraising guidelines.”
• “Our Creative Isle Community Rail Partnership (CICRP) is a collaboration between Turner Contemporary, Southeastern, and Thanet District Council.”
• “Commissioned by the CICRP, Above & Beyond, a binaural concept album from Tom Adams, Lillian Henley and Dan Scott was released in July 2024.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  -8.3%

  £3,834,137 → £3,517,740

• Cash

  -67.7%

  £1,060,108 → £342,779

• Net assets

  -14.2%

  £4,347,784 → £3,728,940

• Employees

  +15.9%

  69 → 80

• Wages

  +7.6%

  £1,390,608 → £1,495,892

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