LONDONDERRY INNER CITY TRUST

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. LONDONDERRY INNER CITY TRUST 1989-01-27 → present
2. LONDONDERRY INNER CITY TRUST LTD. 1987-10-16 → 1989-01-27

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

Fergus McAteer & Co.

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. LONDONDERRY INNER CITY TRUST · parent
   1. Inner City Buildings Preservation Trust · Northern Ireland · preservation, protection, restoration and improvement of buildings in the Inner City area
   2. Tamneymore Enterprise Trust Ltd · Northern Ireland · provide employment to advance welfare, training and urban regeneration
   3. Fashion & Textile Skills C.I.C. 1% · Northern Ireland · assists the growth of the fashion and textile sector in the North West Region
   4. Inner City Capital Projects Ltd 1% · Northern Ireland · assists in the urban regeneration and development of sites and buildings

Significant events

• “ICT completed the Magazine Street Property repurposing and secured a tenant, and acquired Austins through the Department for Communities (DfC) support.”
• “A 10-year commercial lease has been signed with Ulster University and the first students moved into the accommodation in August 2024.”
• “In March 2025, grant funding from the Department for Communities (DfC) enabled the Inner City Trust (the Trust) to acquire Austins as the first step in rescuing this iconic 'Grade A' heritage building.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -54%

  £3,136,076 → £1,443,552

• Net assets

  +7.8%

  £20,555,067 → £22,160,134

• Employees

  0%

  8 → 8

• Profit before tax

  +190.5%

  £552,473 → £1,605,067

• Wages

  +2.6%

  £275,446 → £282,677

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