GLASGOW SCHOOL OF ART. — The Accounts

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Next accounts due

2027-04-30 (in 11mo)

Last filed for 2025-07-31

Confirmation statement due

2027-01-20 (in 8mo)

Last made up 2026-01-06

Watchouts

1 item

Cash

£15M

+73.1% vs 2024

Net assets

£70M

+14.9% vs 2024

Employees

405

-0.5% vs 2024

Profit before tax

£8M

+3,421.8% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

4 officer resignations in last 12 months

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

Net assets

2-year trend · vs Consumer Discretionary median

GLASGOW SCHOOL OF ART.·Consumer Discretionary median · n=2305

Accounts

2-year trend · latest reflected 2025-07-31

Metric	2024-07-31	2025-07-31
Turnover	£23,639,000	£29,575,000
Operating profit	-£338,000	£7,845,000
Profit before tax	£225,000	£7,924,000
Net profit	£225,000	£7,924,000
Cash	£8,942,000	£15,479,000
Total assets less current liabilities	£121,216,000	£128,662,000
Net assets	£61,053,000	£70,167,000
Equity	£61,053,000	£70,167,000
Average employees	407	405
Wages	£22,949,000	£24,350,000

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	2024-07-31	2025-07-31
Operating margin	-1.4%	26.5%
Net margin	1.0%	26.8%
Return on capital employed	-0.3%	6.1%
Gearing (liabilities / total assets)	49.6%	45.5%
Current ratio	0.96x	1.20x
Interest cover	-15.36x	166.91x

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: AAB Audit & Accountancy Limited
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The Group's and the School's activities, and the factors likely to affect its future development, performance and position, are set out in the Strategic Report. Its financial performance for the year to 31 July 2025, income and expenditure, assets, liquidity and cash flows, are set out in more detail in the Notes to the Financial Statements. The Board of Governors considers that the Group and the School has adequate resources to continue in operation for the foreseeable future and, for this reason, the going concern basis continues to be adopted when preparing the Financial Statements.”

Group structure

GLASGOW SCHOOL OF ART. · parent
1. GSofA Singapore pte Ltd 1% · Singapore
2. The Glasgow School of Art Development Trust · UK · fundraising for capital priorities

Significant events

“The GSA Rural Lab was launched, marking a significant new chapter in the commitment to sustainable futures and the rural economy.”
“The Rural Lab secured major funding through an AHRC Doctoral Focal Award in 2025, which will fund over 20 PhD students from 2026/27.”
“The 2024 Turner Prize was awarded to GSA Silversmithing and Jewellery graduate, Jasleen Kaur.”
“The Ladislav Sutnar Prize 2024 was awarded to the School in recognition of its collective contribution and significant influence on world art and design.”
“A receipt of £8.1m was received in 2024/25 related to Insurance proceeds for the Mackintosh Building fire in 2018.”

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

People

23 active · 77 resigned

Name	Role	Appointed	Born	Nationality
WILLIAMS, Emma	Secretary	2023-09-07	—	—
BENNIE, Kristen Genevieve	Director	2019-11-01	May 1977	American
CAIE, Graham Douglas, Professor	Director	2021-08-01	Feb 1945	British
DOW, Jacqueline Coyle	Director	2023-09-01	Nov 1974	British
GREENOUGH, Thomas Charles	Director	2020-12-01	Jan 1965	British
HODDER, Stephen Ray	Director	2023-12-01	Oct 1956	British
HORTON, Rufus	Director	2025-08-01	Apr 2002	British
LAURIE, Craig	Director	2023-12-01	May 1971	Scottish
LAVERS, Sarah Louise	Director	2025-02-03	Dec 1965	British
LEAROYD, Simon Martin	Director	2021-07-26	Nov 1959	British
MACBETH, Penelope Anne	Director	2020-05-25	Feb 1968	British
MORRISON-ROSS, Jane	Director	2025-02-05	Jul 1969	Scottish
NUTTER, David	Director	2021-12-01	Jan 1978	British
PRIEST, Ann	Director	2022-06-27	Dec 1953	British
RICH, Harry Paul	Director	2018-06-01	Jan 1958	British
RUNCIE, Charli	Director	2025-08-01	Mar 2003	British
SANDERSON, James William Grant	Director	2018-03-01	Dec 1967	British
SCULLION, Adrienne, Professor	Director	2023-12-01	Aug 1967	British
SHARP, Graham William, Dr	Director	2021-07-13	May 1953	British
SIODMOK, Andrea Mae, Professor	Director	2023-12-01	Mar 1972	British
TREFETHEN, Anne Elizabeth, Professor	Director	2021-07-26	Feb 1962	British
VENMAN, Marion	Director	2025-03-14	Apr 1968	British
WU, Tsz Wing	Director	2026-05-01	Sep 1971	British

Show 77 resigned officers

Name	Role	Appointed	Resigned
FOLEY, Michael Leonard	Secretary	1994-01-01	2000-12-31
KEAN, Francis Watson	Secretary	—	1993-12-31
LEVITEN, Eliot Steven	Secretary	2001-07-02	2016-12-31
MENZIES, Andrew	Secretary	2022-05-04	2023-09-07
MILLER, James Young	Secretary	2001-01-01	2001-06-29
MILLOY, Alastair Harvey	Secretary	2017-01-01	2019-08-31
WILLIAMSON, Craig James, Dr	Secretary	2019-09-01	2022-04-15
ABRAM, Henry Charles	Director	—	1991-12-31
ADEY, Katherine Mary Lampitt	Director	2018-06-01	2026-01-19
AINSLEY, Samantha	Director	1995-09-01	1998-05-31
ANDERSON, Janette	Director	2000-10-09	2006-10-09
ANDERSON, Paul Dominic	Director	1997-11-10	2000-05-31
AYLIN, Kerry	Director	2009-09-04	2017-04-17
BAINES, Mark Howard	Director	2003-06-01	2006-06-12
BAKER, Amanda Jayne	Director	1991-07-01	1992-07-10
BAMFORD, Sharon Marie	Director	2007-10-08	2013-12-12
BATTERS, John Alexander	Director	1996-12-03	2008-12-08
BEATTIE, Charles Allison	Director	2016-03-01	2019-02-11
BICKERSTAFF, Alicia	Director	2023-08-01	2025-07-31
BLANCHE, John Jamieson	Director	1992-02-26	1994-02-12
BOWEN, Clifford Rhys	Director	—	1988-12-31
BROWN, James Douglas	Director	2009-07-01	2018-07-01
BROWN, Janet Marjorie, Dr	Director	2008-04-14	2017-03-31
BROWN, Katrina Mcrae	Director	2004-06-21	2009-04-20
BUCHANAN, William Menzies	Director	1989-06-01	1991-12-31
BUTLER, Hilda Anne	Director	—	1988-12-31
CALVOCORESSI, Richard Edward Ion	Director	—	1991-06-21
CAMERON, Blanche	Director	1995-08-01	1996-07-31
CAMERON, Dugald, Professor	Director	1991-09-06	1999-10-04
CAMPBELL, Catriona, Dr	Director	2025-04-17	2026-03-30
CHARAN, Singh Gill, Dr	Director	2007-04-16	2007-12-10
CLEMENTS, William Neil	Director	2004-08-01	2005-08-01
COCHRANE, David	Director	1995-06-01	1998-05-31
CONNELLY, Stephanie	Director	1998-08-01	1999-07-31
COOPER, Thomas Joshua, Prof	Director	1999-09-01	2002-08-31
COSGROVE, James	Director	—	1999-10-18
COSGROVE, Paul	Director	2005-10-01	2008-06-16
COWAN, Marie Ann	Director	1996-08-01	1998-07-31
CUTHBERT, William Moncrieff	Director	—	1989-05-15
DAVIES, Graeme John, Professor Sir	Director	2003-10-01	2008-06-16
DE SANTIS, Sam	Director	2012-08-01	2014-07-31
DEANS, Joyce Blair, Dr	Director	—	1998-03-31
DEARIE, Elaine	Director	2002-08-01	2003-07-31
DENNIS, Rachel	Director	2024-08-01	2025-07-31
DOBBRATZ, Amanda Louise	Director	2005-08-01	2007-07-31
DOWDS, Paul Barclay	Director	1998-12-01	2003-07-11
DOWNES, Robert	Director	2009-07-01	2013-06-30
DOWNIE, Robert S, Professor	Director	1989-01-12	1990-05-31
DOWNIE, Robert Silcock, Professor	Director	—	1990-05-31
DOYLE, Roberta	Director	2004-04-23	2013-04-30
DREW, Linda Sally, Professor	Director	2011-08-29	2014-12-31
DUNCAN, Geoffrey Cheyne Calderhead	Director	—	1988-12-31
DUNN, Sinead O'Donnell	Director	2011-08-01	2012-07-31
EADIE, Polly	Director	2017-10-01	2021-05-26
ECCLESTON, Tanya Karen	Director	2002-09-01	2005-08-31
ELDER, Thomas Anthony	Director	2001-09-28	2009-05-19
ELDER, Tom	Director	2009-10-19	2011-02-07
ELLIS, Walter Ralph	Director	1992-10-01	1995-06-06
ENGLISH, William John	Director	1994-05-01	2006-06-12
FAULDS, Ann	Director	2019-11-01	2022-05-31
FAULDS, James Joseph Michael	Director	2003-02-06	2007-04-16
FINNIE, Robert Mcgathan	Director	—	1989-12-31
FRASER, Hilary Lilian	Director	—	1988-12-31
FRENCH, Hubert John, Professor	Director	2019-11-01	2022-11-09
GLENNIE, Laura	Director	2016-08-01	2018-07-31
GOULD, Harriet	Director	2018-08-01	2019-07-31
GRAY, Muriel	Director	2013-12-01	2021-09-30
GRIEVE, Robert	Director	1994-08-29	1995-08-31
GROOM, Simon	Director	2009-10-19	2015-10-31
HAGMAN, Eric	Director	1989-01-01	1991-12-31
HAMILTON, Christine Millar	Director	1998-02-04	2009-12-14
HARDIE, William Robertson	Director	1992-09-08	2004-09-07
HENDERSON, Alan	Director	1990-07-17	1991-01-31
HERBERT, Martin, Dr	Director	2019-11-01	2024-06-15
HICKEY, Maurice	Director	1994-05-01	2001-11-25
IBBOTSON, Daniel	Director	2011-02-07	2015-05-06
INNS, Tom, Professor	Director	2013-09-16	2018-11-02

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 507 total filings

Date	Type	Category	Description
2026-05-01	AP01	officers	Appoint person director company with name date	PDF
2026-04-07	AA	accounts	Accounts with accounts type group
2026-04-03	TM01	officers	Termination director company with name termination date	PDF
2026-03-25	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-01-28	TM01	officers	Termination director company with name termination date	PDF
2025-11-07	TM01	officers	Termination director company with name termination date	PDF
2025-11-07	TM01	officers	Termination director company with name termination date	PDF
2025-08-14	AP01	officers	Appoint person director company with name date	PDF
2025-08-14	AP01	officers	Appoint person director company with name date	PDF
2025-08-08	TM01	officers	Termination director company with name termination date	PDF
2025-08-08	TM01	officers	Termination director company with name termination date	PDF
2025-07-10	CH01	officers	Change person director company with change date	PDF
2025-04-25	AP01	officers	Appoint person director company with name date	PDF
2025-04-14	AA	accounts	Accounts with accounts type group
2025-03-21	AP01	officers	Appoint person director company with name date	PDF
2025-02-17	AP01	officers	Appoint person director company with name date	PDF
2025-02-17	AP01	officers	Appoint person director company with name date	PDF
2025-01-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-08-14	AP01	officers	Appoint person director company with name date	PDF
2024-08-13	TM01	officers	Termination director company with name termination date	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 12
Capital events: 0
Officers appointed: 3
Officers resigned: 4

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

Year-on-year

FY2024 → FY2025 · period ending 2025-07-31 vs 2024-07-31

Turnover

+25.1%

£23,639,000 £29,575,000
Cash

+73.1%

£8,942,000 £15,479,000
Net assets

+14.9%

£61,053,000 £70,167,000
Employees

-0.5%

407 405
Operating profit

+2,421%

-£338,000 £7,845,000
Profit before tax

+3,421.8%

£225,000 £7,924,000
Wages

+6.1%

£22,949,000 £24,350,000

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

Official Companies House page