NMRN OPERATIONS
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-12 (in 9mo)
Last made up 2026-01-29
Watchouts
None on the register
Cash
£6M
-4.1% vs 2024
Net assets
£42M
+6.8% vs 2024
Employees
347
-0.6% vs 2024
Profit before tax
—
Period ending 2025-03-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £18,426,275 | £21,524,894 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | -£705,120 | £2,201,126 | |
| Cash | £5,969,093 | £5,727,270 | |
| Total assets less current liabilities | £39,174,003 | £41,973,258 | |
| Net assets | £39,406,003 | £42,068,258 | |
| Equity | £39,406,003 | £42,068,258 | |
| Average employees | 349 | 347 | |
| Wages | £7,194,448 | £7,356,190 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | -3.8% | 10.2% | |
| Gearing (liabilities / total assets) | 7.3% | 4.8% | |
| Current ratio | 2.89x | 5.49x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Price Bailey Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.”
Group structure
- NMRN OPERATIONS · parent
- National Museum of the Royal Navy Trading
- Portsmouth Historic Dockyard Operations Limited 0.5%
Significant events
- “On 9 December 2024, the National Museum's IT network was subject to a significant ransomware cyber-attack.”
- “The celebration of HMS Caroline's 110th birthday and 100 years in Belfast was a high-profile events, to which the trustees welcomed the Deputy First Minister of Northern Ireland, the NI Minister of Communities and the NI Minister of Education.”
- “ANZAC Day remembrance service continues to be held on board HMS M33, "The Lucky Ship" famous for emerging unscathed from the Gallipoli Campaign in 1915, with representatives from the Royal Navy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARNES, Kathleen Janet | Director | 2022-12-05 | Jun 1964 | British |
| BEDINGFIELD, Michael James | Director | 2017-12-15 | May 1961 | British |
| DEAN, Jane Elizabeth Bonnar | Director | 2016-10-11 | Mar 1955 | British |
| HATFIELD, Richard Paul | Director | 2016-10-11 | Feb 1953 | British |
| PEMBERTON, Christopher Mark | Director | 2019-03-27 | Oct 1952 | British |
| PENTREATH, Jonathan Patrick, Rear Admiral | Director | 2023-09-01 | Mar 1966 | British |
| SHELDON, Matthew Patrick | Director | 2023-12-01 | Jan 1969 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Emma | Director | 2019-06-26 | 2022-07-27 |
| BAND, Jonathon, Sir | Director | 2016-03-04 | 2016-03-04 |
| BAND, Jonathon, Sir | Director | 2016-03-04 | 2016-12-06 |
| BEWLEY, Robert Howard, Dr | Director | 2016-10-11 | 2018-04-25 |
| BROOKES, John Remfry | Director | 2016-10-11 | 2017-12-15 |
| CRAVEN, John Anthony George, Professor | Director | 2016-10-11 | 2018-12-20 |
| DENNIS, Sarah Lesley | Director | 2016-02-04 | 2016-03-04 |
| MARLOW, Carol Louise | Director | 2016-10-11 | 2022-03-17 |
| REES, John Blain Minto, Captain | Director | 2016-02-04 | 2016-03-04 |
| SCHADLA-HALL, Richard Timothy | Director | 2016-03-04 | 2016-12-06 |
| TWEDDLE, Dominic, Professor | Director | 2016-02-04 | 2023-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Museum Of The Royal Navy | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | AA | accounts | Accounts with accounts type group | |
| 2025-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | AA | accounts | Accounts with accounts type group | |
| 2024-05-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-12 | AA | accounts | Accounts with accounts type group | |
| 2023-12-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-14 | AA | accounts | Accounts with accounts type group | |
| 2023-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-21 | CH01 | officers | Change person director company with change date | |
| 2022-06-14 | CH01 | officers | Change person director company with change date | |
| 2022-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-29 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+16.8%
£18,426,275 £21,524,894
-
Cash
-4.1%
£5,969,093 £5,727,270
-
Net assets
+6.8%
£39,406,003 £42,068,258
-
Employees
-0.6%
349 347
-
Wages
+2.2%
£7,194,448 £7,356,190
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