UNIVERSITY OF LEICESTER STUDENTS UNION

• ◆

  4 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

Knox Cropper LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. UNIVERSITY OF LEICESTER STUDENTS UNION · parent
   1. University of Leicester Students' Union Trading Ltd 100% · England and Wales · trading activities relating to the charitable company
   2. Student Union Lettings Limited 50% · England and Wales · student lettings agency

Significant events

• “Financially the union delivered a surplus of £634k although this was caused predominantly by having taken the bold step of triggering the section 75 clause on a historic pension scheme in which the union was scheduled to be paying into until at least 2035.”
• “In order to exit the SUSS pension the union paid up its full liabilities to the scheme and as such the cash held by the organisation reduced from £1.99m to £744k.”
• “Due to the revaluation of the USS pension scheme and the SUSS pension deficit being higher than the cost of the liabilities to leave the unions total assets increased from £1.36m to £1.99m.”
• “This year, we embarked on implementing the outcomes of our governance review. For this, we successfully delivered the Union 2.0 project, where we introduced significant and truly transformative changes to our governance, including the structure of our officer team- creating a raft of paid part-time jobs for students, ready for the 2025/26 academic year.”
• “On 19th September 2024, the Union withdrew from the Student Union Superannuation Scheme and triggered the Section 75 debt.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +16.7%

  £214,930 → £250,882

• Cash

  -62.6%

  £1,991,580 → £744,297

• Net assets

  +46.6%

  £1,360,986 → £1,994,575

• Employees

  +43.1%

  65 → 93

• Wages

  +18.4%

  £877,440 → £1,038,942

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