THE ROYAL LYCEUM THEATRE COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 17 within the financial statements, which indicates that the charitable company and group reported net operating deficit for the year to 31 March 2025 of £66,335 ... and a deficit on free reserves of £102,694... As disclosed in note 21, the future operations of the charitable company and group are dependent on the continued financial support of core funding bodies, the receipt of Theatre Tax Credit claims, ongoing bank funder support and sufficient future operating surpluses and cashflow to finance ordinary activities. ... material uncertainties exist which may cast significant doubt on the charitable company's and Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

• ◆

  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

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 17 within the financial statements, which indicates that the charitable company and group reported net operating deficit for the year to 31 March 2025 of £66,335 ... and a deficit on free reserves of £102,694... As disclosed in note 21, the future operations of the charitable company and group are dependent on the continued financial support of core funding bodies, the receipt of Theatre Tax Credit claims, ongoing bank funder support and sufficient future operating surpluses and cashflow to finance ordinary activities. ... material uncertainties exist which may cast significant doubt on the charitable company's and Group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. THE ROYAL LYCEUM THEATRE COMPANY LIMITED · parent
   1. Lyceum Theatre Trading Limited 100% · Scotland · Provision of bar and catering facilities
   2. Grindlay Street Production Services Limited 100% · Scotland · Investment in productions of our work which are mounted in the West End and other theatres

Significant events

• “The long-running delay in implementation of the new funding structure by Creative Scotland was finally resolved in January 2025 with the announcement of the funding decisions in the new Multi-Year Funding round which came into effect in April 2025.”
• “The Lyceum had its busiest year of work which included a full season at the Lyceum, an Edinburgh International Festival co-production and tours of four productions.”
• “Our patrons and donors continued to be as generous as ever, encouraging us to be bold in our plans and our success this year has only been possible because of the great support and encouragement from our audience, patrons, donors, funders, and our hard-working staff.”
• “We welcomed our new Artistic Director James Brining from April 2025, and we would like to offer our thanks to David Greig for his extraordinary contributions to the Lyceum during his tenure and wish him well as he goes back to writing full-time again.”
• “The Lyceum was honoured to receive a generous legacy from the estate of Stephen Dunn a long-standing supporter of the theatre.”

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

  +57.8%

  £3,091,243 → £4,876,967

• Cash

  +6,190.3%

  £10,640 → £669,290

• Net assets

  -28.2%

  £234,826 → £168,492

• Employees

  -18.3%

  115 → 94

• Operating profit

  +4.2%

  -£3,042,602 → -£2,916,138

• Profit before tax

  +23.1%

  -£1,308,809 → -£1,006,619

• Wages

  +3.2%

  £2,247,196 → £2,319,741

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