QUEEN MARGARET UNIVERSITY, EDINBURGH

• ◆

  4 officer resignations in last 12 months

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

1. QUEEN MARGARET UNIVERSITY, EDINBURGH 2007-01-15 → present
2. QUEEN MARGARET UNIVERSITY COLLEGE, EDINBURGH 1999-05-13 → 2007-01-15
3. QUEEN MARGARET COLLEGE EDINBURGH 1909-11-22 → 1999-05-13

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The University Court considers that the University has adequate resources to continue in operation throughout the going concern assessment period to 31 July 2027, and for this reason it continues to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. QUEEN MARGARET UNIVERSITY, EDINBURGH · parent
   1. QMU Enterprises Limited 100% · Scotland · commercial consultancy work, utilising the expertise of the University's academic and technical staff, and also deals with vacation letting of the University's student accommodation.
   2. Edinburgh Innovation Park Joint Venture Company Limited 50% · constructing and managing the Edinburgh Innovation Park

Significant events

• “The financial outturn in 2024/25 was an operating deficit of £3.2m, as the growth in our income is unable to keep pace with continued inflationary pressures, including the unforeseen increase in employer national insurance.”
• “We have witnessed over 200% growth in the number of students on the QMU Online suite of flexible on-demand online Masters' courses launched in 2022, and were delighted to celebrate the first cohort of such students graduating in summer 2025.”
• “As an early adopter of transnational education (TNE), our TNE partnerships are continuing to grow in terms of both student numbers (from 5,144 to 7,233 FTE) and income.”
• “Despite the financial challenges, we have managed to reduce debt and retain access to liquidity through successfully refinancing to a Revolving Credit Facility with Santander earlier in the year.”
• “In January of this year, we successfully launched our new financial system, Uni-Fi.”
• “Another significant development this year has been construction of the Edinburgh Innovation Hub (EIH).”
• “The year 2025 is the 150th anniversary of our founding, and we have been celebrating that historic milestone.”
• “It was a particular pleasure to install a new Chancellor in this anniversary year as successor to Dame Prue Leith, who served with distinction. The career of Patrick Grant - the designer, entrepreneur, writer, and advocate for sustainability and sustaining communities - resonates strongly with QMU's strong social justice ethos.”
• “On top of that, we were named Higher Education Institute of the Year at the prestigious Herald Higher Education Awards 2025, with the judges noting our enduring commitment to academic excellence, community engagement, inclusion, innovation and student support.”

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

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

7

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

  -2.2%

  £54,126,000 → £52,958,000

• Cash

  -75.5%

  £18,613,000 → £4,565,000

• Net assets

  +3.6%

  £148,451,000 → £153,772,000

• Employees

  +2.2%

  505 → 516

• Operating profit

  -202.9%

  £3,125,000 → -£3,216,000

• Profit before tax

  -202.9%

  £3,125,000 → -£3,217,000

• Wages

  +2.3%

  £24,312,000 → £24,863,000

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