THE TALL SHIP GLENLEE TRUST

• ◆

  5 officer resignations in last 12 months

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

1. THE TALL SHIP GLENLEE TRUST 2022-03-07 → present
2. THE CLYDE MARITIME TRUST LIMITED 1991-01-04 → 2022-03-07
3. THE CLYDE SHIP TRUST 1990-11-08 → 1991-01-04

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

McLay, McAlister & McGibbon LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the group and charitable company's financial statements is appropriate. The Accounts of the group have been prepared on a going concern basis. The continued support of Glasgow City and given current bank balances, the forecasts show that sufficient funding is in place to enable the trust to continue its previous levels of activities without impairment or diminution in value for the foreseeable future and at least one year or as a going concern in non charity parlance.”

Group structure

1. THE TALL SHIP GLENLEE TRUST · parent
   1. Clyde Maritime Centre Limited 100% · Scotland · Operating a Visitor Centre on the River Clyde for the SV Glenlee
   2. Kelvin Harbour Limited 100% · Scotland · Provision of small boat launching and harbour facilities

Significant events

• “The most significant milestone of the year was the reintroduction of admission charges at The Tall Ship Glenlee. This decision followed a thorough review of the increasingly challenging funding environment, including rising operational costs, a decline in onboard donations and spending, the long-term impacts of the pandemic, and the stagnation of external funding streams.”
• “The opening of the new Govan-Partick Bridge in September 2024 has significantly increased footfall to the surrounding area.”
• “The 2024-2025 financial year marked a period of significant transition and resilience for The Tall Ship Glenlee.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +14.9%

  £489,638 → £562,645

• Cash

  +35.4%

  £198,546 → £268,914

• Net assets

  +10%

  £2,142,555 → £2,356,920

• Employees

  +16.7%

  18 → 21

• Wages

  -3.3%

  £361,653 → £349,774

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