THE ISLE OF GIGHA HERITAGE TRUST

• ◆

  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

MHA

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 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's or parent charitable 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 ISLE OF GIGHA HERITAGE TRUST · parent
   1. Gigha Trading Limited 1% · UK · Operated moorings, pontoons, airstrip, campsite, hotel (dissolved August 2025).
   2. Gigha Renewable Energy Limited 1% · UK · Operates three Vestas V27 wind turbines on the island for energy generation.
   3. Gigha Trading and Renewables Limited 1% · UK · Construct and operate a 4th wind turbine on Gigha, and manages campsite, holiday cottage lets and moorings.

Significant events

• “Director Ian Pinniger left the board in March 2025. The AGM in November 2024 elected directors Jane Clements and Adam Murphy.”
• “Jane Millar, Business and Development Manager, was appointed Company Secretary in June 2024.”
• “5 new homes on IGHT land adjacent to Craft Units are due for completion in summer 2025.”
• “An emergency helipad on the island was officially opened on 10 December 2024.”
• “Gigha Hotel bar and community function space officially opened on 25 April 2025. The Hotel did not operate during the 2024-25 year due to kitchen upgrade plans.”
• “Funding was secured for an emergency generator in the Hotel, with works scheduled for 2025-26.”
• “The Gigha Hotel will be operated by Gigha Trading and Renewables Ltd with a management team in place in August 2025.”
• “Storm Eowyn in January 2025 caused significant damage in Achamore Gardens with over 100 trees affected, leading to a 2-month closure.”
• “Gigha Trading Limited was dissolved in August 2025 after merging with Gigha Trading and Renewables Limited in March 2024.”
• “The septic tank system at the Campsite failed in summer 2024, a new system was installed in December 2024.”
• “The Triodos loan held in GGPL was redeemed in full in December 2023. The Triodos share pledge was transferred back to IGHT in May 2024.”
• “An issue with the generator in the E33 Enercon turbine resulted in significant loss of output data during February and March 2025.”
• “The board agreed to waive the annual management fees from the subsidiary companies from January 2024.”
• “A loan of £320,000 from Social Investment Scotland was secured in 2023 to support the development of 5 new houses, to be repaid from rental income at a fixed interest rate of 6% over 15 years.”
• “During the 2024-25 year, the Trust spent £61,189 on housing and estates maintenance, including £35,000 on housing improvements and £323,640 on estates and commercial infrastructure.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  -42.4%

  £960,754 → £553,238

• Cash

  -81.7%

  £1,080,844 → £197,735

• Net assets

  +3.5%

  £10,524,112 → £10,891,706

• Employees

  -7.1%

  14 → 13

• Wages

  +0.6%

  £315,410 → £317,354

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