EDINBURGH UNIVERSITY STUDENTS' ASSOCIATION

• ◆

  5 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

Affirmed

“These accounts have been prepared on a going concern basis. The group has continued to generate surpluses and free cash for the third consecutive year post covid and with the additional funding provided by the University of Edinburgh to mitigate the financial impact of Teviot Row House (TRH) closing, the Trustees believe there is sufficient resources available to meet the forecast requirements over at least the forthcoming 12 months from the date of the approval of these accounts.”

Group structure

1. EDINBURGH UNIVERSITY STUDENTS' ASSOCIATION · parent
   1. EUSACO Ltd 100% · Scotland · provides function and conference services throughout the year and also provides food and beverage services during the Edinburgh Fringe Festival
   2. EUSACO Premises Ltd 100% · Dormant

Significant events

• “The University's compliance project to redevelop our key student and commercial space, Teviot Row House ('TRH'), has been underway for the full financial year. The project was initially due to be completed in April/May 2025, however additional work requiring a significant amount of rewiring was identified during the year and this has resulted in the project costing the University more and taking longer to complete.”
• “While the final project completion date has yet to be agreed with the building contractor, it's likely that the building handover will be mid-December 2025 and, after allowing time for the Association to remobilise the building and services, TRH is likely to reopen to students in late February/early March 2026. An extension to the Teviot business impact funding agreement has been reached with the University and they will continue to underwrite financial losses incurred over the extended closure period.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

5

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

  -10%

  £6,860,000 → £6,177,000

• Cash

  +12.4%

  £751,000 → £844,000

• Net assets

  +25.8%

  -£625,000 → -£464,000

• Employees

  -9.1%

  164 → 149

• Profit before tax

  -3%

  £166,000 → £161,000

• Wages

  +2.7%

  £4,484,000 → £4,604,000

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