THE ROYAL YACHT BRITANNIA TRUST

1. THE ROYAL YACHT BRITANNIA TRUST 2000-01-17 → present
2. THE FORMER ROYAL YACHT BRITANNIA TRUST 1998-04-28 → 2000-01-17

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

Whitelaw Wells

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' (who are also directors of the company for the purposes of company law) use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. THE ROYAL YACHT BRITANNIA TRUST · parent
   1. Royal Yacht Enterprises Limited 100% · Scotland · operation of The Royal Yacht Britannia, the Gift Shop, NAAFI, Corporate Events, Tea Room and Fingal Hotel

Significant events

• “The Trust was honoured to host a visit by His Majesty King Charles III to celebrate the 25th Anniversary of BRITANNIA being on public display in Leith.”
• “BRITANNIA was once again named as TripAdvisor's No.1 UK Attraction”
• “luxury, static floating hotel, FINGAL - consistently TripAdvisor's No.1 Edinburgh Hotel for both quality and value for money - received the ultimate accolades in 2024 of #1 in the UK for Best Small & Boutique Hotel and Luxury Hotel, and #2 and #11 in Europe and the World respectively for Small and Boutique Hotel.”
• “awarded two Green Keys for both BRITANNIA and Fingal Hotel, confirming our fully embedded culture and commitment to all matters of ESG (Environment Social Governance).”
• “The loan has been renewed for another 25 years. The other loan collection on display is from The Britannia Wardroom Officers' Trust and an agreement was signed to bring the latter under the Royal Collection Trust towards the end of the year 2024.”
• “Royal Dragon Class yacht BLUEBOTTLE ... finishing a highly commendable second in the Dragon World Championships a week after Winning the French Championships in Deauville.”
• “Leith extension to the Edinburgh Tram route opened in June 2023. This extension makes it much easier for people to access both BRITANNIA and Fingal Hotel.”
• “negotiations have been concluded with the owners of the shopping centre to provide BRITANNIA with a new 25-year lease for a new visitor centre and gift shop”
• “our founding Chief Executive Bob Downie, is retiring in 2025.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -3.1%

  £14,077,164 → £13,646,186

• Cash

  +4.6%

  £8,121,645 → £8,496,568

• Net assets

  +4.8%

  £14,989,392 → £15,702,809

• Employees

  +6.8%

  161 → 172

• Operating profit

  -76.3%

  £2,049,946 → £486,039

• Profit before tax

  -67%

  £2,161,441 → £713,417

• Wages

  +12.1%

  £5,408,828 → £6,065,106

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