SRUC
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Next accounts due
2027-04-30 (in 11mo)
Last filed for 2025-07-31
Confirmation statement due
2026-10-03 (in 5mo)
Last made up 2025-09-19
Watchouts
Cash
£10M
Latest balance sheet
Net assets
£16M
Equity attributable
Employees
1,218
Average over period
Profit before tax
-£7M
Period ending 2025-07-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
7 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- SRUC 2012-10-01 → present
- THE SCOTTISH AGRICULTURAL COLLEGE 1990-05-18 → 2012-10-01
- SCOTTISH AGRICULTURAL COLLEGES 1987-02-05 → 1990-05-18
Net assets
2-year trend · vs Industrials median
SRUC·Industrials median
SRUC·Industrials median
SRUC·Industrials median
SRUC·Industrials median
SRUC·Industrials median
Accounts
2-year trend · latest reflected 2025-07-31
| Metric | Trend | 2024-03-31 | 2025-07-31 |
|---|---|---|---|
| Turnover | £92,275,000 | £125,692,000 | |
| Operating profit | -£10,895,000 | -£7,376,000 | |
| Profit before tax | -£1,741,000 | -£7,162,000 | |
| Net profit | -£1,741,000 | -£7,162,000 | |
| Cash | £9,440,000 | £10,496,000 | |
| Total assets less current liabilities | £75,388,000 | £71,256,000 | |
| Net assets | £28,776,000 | £15,664,000 | |
| Equity | £28,776,000 | £15,664,000 | |
| Average employees | 1,290 | 1,218 | |
| Wages | £46,898,000 | £61,517,000 |
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 | Trend | 2024-03-31 | 2025-07-31 |
|---|---|---|---|
| Operating margin | -11.8% | -5.9% | |
| Net margin | -1.9% | -5.7% | |
| Return on capital employed | -14.5% | -10.4% | |
| Gearing (liabilities / total assets) | 77.7% | 87.3% | |
| Current ratio | 1.35x | 1.01x | |
| Interest cover | -47.37x | -25.17x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are satisfied that this basis remains appropriate, having considered SRUC's financial position, forecast performance, and access to funding over a period of at least twelve months from the date of approval of these financial statements.”
Group structure
- SRUC · parent
- SRUC Innovation Limited 100%
- Equestrian Facilities Scotland Limited 100%
- Agrecalc Limited 77%
Significant events
- “Agrecalc Limited has ceased trading and was dissolved post year end on 2 December 2025.”
- “SAC Foundation was dissolved in July 2024.”
- “SAC Corporate Trustee Limited is not a going concern and the entity is expected to be dissolved within twelve months of the reporting date.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
18 active · 82 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR, Devon Mae Palmer | Secretary | 2023-03-01 | — | — |
| AITCHISON, Mia, Dr | Director | 2019-12-10 | Oct 1987 | British |
| BAKER, Jamie | Director | 2025-06-12 | Dec 1977 | British |
| BELL, David John | Director | 2020-12-15 | Jul 1980 | British |
| CUNNINGHAM, Simon John | Director | 2025-06-12 | May 1962 | British |
| DAVIDSON, Craig Ian | Director | 2022-06-14 | Jun 1981 | British |
| DOWNES, Charles Peter, Professor Sir | Director | 2021-03-31 | Oct 1953 | British |
| FLYNN, Jarlath | Director | 2023-06-13 | Apr 1978 | Irish |
| HAYTER, Katrina Elizabeth, Dr | Director | 2024-03-27 | May 1979 | British |
| HOUSE, Alexandra Sophia Machray | Director | 2025-07-01 | Oct 1979 | British |
| LARG, Fiona Margaret | Director | 2024-03-27 | Mar 1958 | British |
| MUNDELL, Oliver Gordon Watson | Director | 2025-06-12 | Dec 1989 | British |
| PEDDIE, Andrew Richard | Director | 2021-03-31 | Mar 1958 | British |
| POWELL, Wayne, Professor | Director | 2016-07-01 | Jun 1953 | British |
| ROBERTSON, Neil Andrew, Dr | Director | 2025-06-12 | Oct 1961 | British |
| ROJANAI, Eilidh Morag | Director | 2025-12-12 | Oct 1994 | British |
| SHIRKIE, Schaun | Director | 2025-07-01 | Feb 1987 | Scottish |
| SMITH, Michael Andrew, Professor | Director | 2021-10-14 | Nov 1951 | British |
Show 82 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARKESS, Ronald Dobson | Secretary | — | 1991-09-19 |
| HOWDEN, Helen | Secretary | 2017-06-09 | 2017-07-06 |
| PEEBLES, Richard John Colin | Secretary | 2018-01-29 | 2023-02-28 |
| SCOTT, Gavin William Thomson | Secretary | 1991-07-03 | 1999-08-16 |
| SWADLING, Janet Diana | Secretary | 1999-08-16 | 2017-06-09 |
| MORTON FRASER SECRETARIES LIMITED | Corporate Secretary | 2017-07-06 | 2018-01-28 |
| AITCHISON, John Aldengrave | Director | 1990-03-31 | 1996-10-02 |
| ALLISON, Kerry | Director | 2018-12-13 | 2021-09-30 |
| ANDERSON, Alastair | Director | 2001-06-05 | 2004-09-30 |
| ARBUCKLE, James Whiteford | Director | — | 1996-10-02 |
| ASLI, Rosalind | Director | 2021-09-07 | 2023-06-30 |
| ATKINSON, David | Director | 1998-10-20 | 2002-10-09 |
| BAMKIN, James | Director | 2016-09-30 | 2017-06-30 |
| BARBER, Geoffrey Duxbury, Professor | Director | 1998-10-20 | 1999-06-01 |
| BARBOUR, Alec Walter | Director | — | 1990-03-31 |
| BELL, Archibald Douglas | Director | 2014-10-10 | 2015-10-08 |
| BELL, James Johnstone | Director | 1994-10-05 | 1999-10-05 |
| BIGGAR, Donald James | Director | 2006-10-04 | 2012-10-05 |
| BORWICK, Luke Malise | Director | 2010-10-08 | 2017-10-05 |
| BROWN, Aileen | Director | 2024-03-27 | 2024-07-19 |
| BROWN, Quintin | Director | 1990-03-31 | 1995-10-03 |
| BRUTON, Annette | Director | 2019-06-13 | 2022-08-29 |
| BUCHANAN, Alistair Ewing | Director | 1999-08-03 | 2000-12-31 |
| BULFIELD, Grahame John, Professor | Director | 2007-10-04 | 2015-10-08 |
| BURNETT, Michael Rodger | Director | — | 1990-03-31 |
| CALDWELL, John | Director | — | 1990-03-31 |
| CALVERT, Michael | Director | 1996-10-02 | 1999-10-05 |
| CAMPBELL, Andrew Robertson | Director | 1995-12-14 | 2003-10-09 |
| CHIBUEZE, Jeremiah Ikechukwu | Director | 2024-09-12 | 2025-06-30 |
| COLBERT, Hayley | Director | 2019-09-03 | 2020-06-30 |
| CORBETT, Saul Nikko | Director | 2024-07-01 | 2025-06-30 |
| COWENS, Jonathan Michael | Director | 2010-01-11 | 2014-08-31 |
| CRAIGIE, Jane Anne | Director | 2020-12-15 | 2025-06-11 |
| CROFT, Roger Stanley, Professor | Director | 2002-10-09 | 2010-10-07 |
| CUMMING, James Roderick Alexander | Director | 2011-04-01 | 2022-04-05 |
| CURRY, Donald Thomas Younger, Lord | Director | 2001-04-03 | 2006-10-04 |
| DALL, Briony | Director | 2014-10-10 | 2015-04-24 |
| DALRYMPLE, Fiona Jane, Hon | Director | 1994-10-05 | 2002-10-09 |
| DINNING, Robert James | Director | 2014-12-11 | 2020-09-30 |
| DOUGLAS, Ian Mayall | Director | 2002-10-09 | 2007-10-04 |
| DUBARRY, Katie | Director | 2018-12-13 | 2020-06-30 |
| ELLEN, Damson | Director | 2023-09-14 | 2024-06-30 |
| FERGUSON, William James | Director | — | 1996-10-02 |
| FORREST, Robert Jack | Director | 1996-10-02 | 2004-10-06 |
| FORTUNE, Julie Angela | Director | 2023-08-01 | 2025-12-11 |
| FORTUNE, Julie Angela | Director | 2019-12-10 | 2022-12-14 |
| GEMMELL, John Stewart, Dr | Director | 2002-08-13 | 2009-07-03 |
| GILLILAND, John William David, Professor | Director | 2007-10-04 | 2014-10-10 |
| GOURLAY, John Francis Stewart | Director | 1990-03-31 | 1996-10-02 |
| GRAHAM, Henry Ralph | Director | 2003-10-09 | 2011-10-07 |
| GREEN, David Russell | Director | 2008-10-09 | 2012-10-05 |
| HAMILTON, Kevin | Director | 2020-09-07 | 2021-06-30 |
| HANNA, Linda Margaret | Director | 2022-04-06 | 2025-09-10 |
| HENDERSON, John Adam | Director | 2002-10-09 | 2008-10-09 |
| HINTON, David Anthony | Director | — | 1990-03-31 |
| HOUSTON, Stewart | Director | 2010-10-08 | 2012-10-05 |
| HOWAT, Robert | Director | 2012-10-05 | 2014-12-17 |
| HUME, James Robert | Director | 2017-10-06 | 2023-09-15 |
| HUTTON, Alasdair Henry | Director | 1990-03-31 | 1995-10-03 |
| INVERARITY, James Alexander | Director | 1990-03-31 | 1998-10-20 |
| IVORY, Ian Eric | Director | 2000-04-04 | 2007-10-04 |
| JONES, Gemma | Director | 2017-10-06 | 2018-06-15 |
| JUSKOWIAK, Kes | Director | 2025-06-12 | 2026-02-16 |
| KHNICHICH, Margaret Elizabeth | Director | 2019-06-13 | 2025-12-11 |
| LAING, Alasdair North Grant | Director | 1995-12-14 | 2003-10-09 |
| LAW, Cameron James | Director | 2013-10-11 | 2014-06-30 |
| LENNOX, Robert John | Director | — | 1990-03-31 |
| LINDSAY, James Randolph, Earl Of Lindsay | Director | 2005-10-05 | 2015-10-08 |
| LINKLATER, Karl Alexander, Professor | Director | 1998-10-20 | 2001-09-20 |
| MACDONALD, Elizabeth | Director | 1990-03-31 | 1994-10-05 |
| MACHRAY, Patrick John | Director | 2007-10-04 | 2017-07-31 |
| MACKAY, Peter | Director | 1995-12-14 | 1997-12-12 |
| MACKENZIE, Stuart | Director | 2018-12-13 | 2019-06-30 |
| MACKIE, Maitland | Director | 1995-12-14 | 2003-10-09 |
| MARSHALL, Alistair John | Director | 2012-10-05 | 2019-09-04 |
| MARSHALL, Wilson Mcdonald | Director | 2012-10-05 | 2017-10-05 |
| MCDAID, Seamus, Professor | Director | 2013-10-11 | 2020-09-30 |
| MCKELVEY, William Alexander Campbell, Professor | Director | 1999-06-01 | 2012-01-31 |
| MCKENZIE, David Moffat, Professor | Director | 2014-12-11 | 2015-07-10 |
| MCLAREN, Jim (James) Crawford | Director | 2011-10-07 | 2013-10-10 |
| MCMYN, John | Director | 1996-10-02 | 2000-10-03 |
| MCMYN, John | Director | 1990-03-31 | 1995-10-03 |
Ownership
Persons with significant control
No persons with significant control on record.
Filing timeline
Last 20 of 366 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-31 | AA | accounts | Accounts with accounts type group | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA01 | accounts | Change account reference date company current extended | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 7
- Officers resigned
- 7
last 12 months
last 24 months
last 12 months
last 12 months
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 2024-03-31
Year-on-year comparison hidden: this filing covers about 16 months versus 12 months prior.