SCOTTISH OPERA

• ◆

  3 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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, the validity of which depends on the ability of the group to obtain adequate funding and operate within available funding. Having reviewed the financial forecast for the group for 2025/26, taking into account the draft budgets for 2026/27 and the latest twelve-month cash flow forecast (from the date of signing of the financial statements), based on confirmed grant levels for 2025/26 and expectations for 2026/27, the directors are confident that the going concern basis is appropriate for the group.”

Group structure

1. SCOTTISH OPERA · parent
   1. Scottish Opera Theatre Royal Limited 100% · Scotland · Ownership of Theatre Royal
   2. Scottish Opera Services Limited 100% · Scotland · Supply of transport services
   3. Edington Productions Limited 100% · Scotland · Production company

Significant events

• “The 2024/25 financial year has been one of artistic excellence and meaningful connection, continuing Scottish Opera's tradition of delivering exceptional experiences.”
• “Our 2022 production of Osvaldo Golijov's Ainadamar was also performed at The Metropolitan Opera, New York, the final co-producer to present it, before going on to be performed in Los Angeles and Houston early in 25/26.”
• “Our first opera for animation, Josefine by Samuel Bordoli and Antonia Bain, won awards at, film festivals in Vienna, Venice, Messina, Mannheim, New York, and Sicily and had its Scottish premiere at the Glasgow Short Film Festival in March 2025.”
• “The 2024/25 Season launched at the start of June, unveiling a revised business approach to artistic programming that allowed the Company to present more opera titles alongside making efficiency savings and better use of assets. The development of this new strategy was overseen by the Board of Scottish Opera.”
• “In total 92,617 people saw a live performance or participated in outreach.”
• “3 new productions - of Stravinsky's Oedipus Rex, and Britten's Albert Herring-were created, along with Janáček's The Makropulos Affair which was a production premiere at Scottish Opera, having already been presented by Welsh National Opera; a revival production of Verdi's La traviata, and a revival production of Donizetti's Don Pasquale.”

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

1

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

  +13.8%

  £2,521,068 → £2,867,861

• Cash

  +278.6%

  £44,728 → £169,325

• Net assets

  +2.3%

  £15,164,058 → £15,514,655

• Employees

  +3.1%

  159 → 164

• Profit before tax

  +11.5%

  -£2,086,878 → -£1,845,975

• Wages

  +5.4%

  £4,194,455 → £4,420,156

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