glasgow school of art.
glasgow school of art. Company Information
Company Number
SC002271
Next Accounts
Apr 2025
Shareholders
-
Group Structure
View All
Industry
First-degree level higher education
Registered Address
167 renfrew street, glasgow, G3 6RQ
Website
http://gsashop.co.ukglasgow school of art. Estimated Valuation
Pomanda estimates the enterprise value of GLASGOW SCHOOL OF ART. at £87.8m based on a Turnover of £47.1m and 1.86x industry multiple (adjusted for size and gross margin).
glasgow school of art. Estimated Valuation
Pomanda estimates the enterprise value of GLASGOW SCHOOL OF ART. at £48m based on an EBITDA of £5.6m and a 8.55x industry multiple (adjusted for size and gross margin).
glasgow school of art. Estimated Valuation
Pomanda estimates the enterprise value of GLASGOW SCHOOL OF ART. at £186.2m based on Net Assets of £79.3m and 2.35x industry multiple (adjusted for liquidity).
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Glasgow School Of Art. Overview
Glasgow School Of Art. is a live company located in glasgow, G3 6RQ with a Companies House number of SC002271. It operates in the first-degree level higher education sector, SIC Code 85421. Founded in February 1892, it's largest shareholder is unknown. Glasgow School Of Art. is a mature, large sized company, Pomanda has estimated its turnover at £47.1m with declining growth in recent years.
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Glasgow School Of Art. Health Check
Pomanda's financial health check has awarded Glasgow School Of Art. a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £47.1m, make it larger than the average company (£3.4m)
£47.1m - Glasgow School Of Art.
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.8%)
-3% - Glasgow School Of Art.
3.8% - Industry AVG
Production
with a gross margin of 50%, this company has a comparable cost of product (50%)
50% - Glasgow School Of Art.
50% - Industry AVG
Profitability
an operating margin of 6.4% make it as profitable than the average company (6.3%)
6.4% - Glasgow School Of Art.
6.3% - Industry AVG
Employees
with 399 employees, this is above the industry average (63)
399 - Glasgow School Of Art.
63 - Industry AVG
Pay Structure
on an average salary of £69.6k, the company has a higher pay structure (£40.9k)
£69.6k - Glasgow School Of Art.
£40.9k - Industry AVG
Efficiency
resulting in sales per employee of £118.1k, this is more efficient (£86.5k)
£118.1k - Glasgow School Of Art.
£86.5k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (17 days)
7 days - Glasgow School Of Art.
17 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (31 days)
7 days - Glasgow School Of Art.
31 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (3 days)
2 days - Glasgow School Of Art.
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 89 weeks, this is more cash available to meet short term requirements (66 weeks)
89 weeks - Glasgow School Of Art.
66 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.9%, this is a higher level of debt than the average (42.9%)
47.9% - Glasgow School Of Art.
42.9% - Industry AVG
GLASGOW SCHOOL OF ART. financials
Glasgow School Of Art.'s latest turnover from July 2023 is £47.1 million and the company has net assets of £79.3 million. According to their latest financial statements, Glasgow School Of Art. has 399 employees and maintains cash reserves of £18.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,110,000 | 44,335,000 | 38,360,000 | 51,212,000 | 50,555,000 | 40,580,000 | 40,796,000 | 77,315,000 | 40,234,000 | 40,600,000 | 27,154,000 | 23,303,000 | 22,544,000 | 21,403,000 | 19,462,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 23,000 | 441,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 773,000 | 289,000 | 86,000 | 147,000 | 93,000 | 97,000 |
| Interest Receivable | 216,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,000 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,242,000 | 1,025,000 | -7,760,000 | 7,140,000 | -1,899,000 | -26,122,000 | 1,459,000 | 36,152,000 | 2,135,000 | 11,181,000 | 281,000 | -138,000 | -803,000 | -191,000 | -418,000 |
| Tax | 0 | 0 | 0 | -66,000 | -65,000 | -72,000 | -50,000 | -54,000 | -36,000 | -36,000 | -27,000 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2,242,000 | 1,025,000 | -7,760,000 | 7,074,000 | -1,964,000 | -26,194,000 | 1,409,000 | 36,098,000 | 2,099,000 | 11,145,000 | 254,000 | -138,000 | -803,000 | -191,000 | -418,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,242,000 | 1,025,000 | -7,760,000 | 7,074,000 | -1,964,000 | -26,194,000 | 1,409,000 | 36,098,000 | 2,099,000 | 11,145,000 | 254,000 | -138,000 | -803,000 | -191,000 | -418,000 |
| Employee Costs | 27,751,000 | 27,792,000 | 26,455,000 | 24,799,000 | 25,698,000 | 23,089,000 | 21,986,000 | 20,687,000 | 18,992,000 | 17,334,000 | 15,604,000 | 13,772,000 | 13,335,000 | 12,435,000 | 12,415,000 |
| Number Of Employees | 399 | 401 | 411 | 410 | 415 | 407 | 16 | 398 | 392 | 369 | 344 | 319 | 317 | 302 | 303 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 88,784,000 | 78,608,000 | 86,974,000 | 88,114,000 | 90,068,000 | 84,411,000 | 93,583,000 | 75,452,000 | 70,530,000 | 72,319,000 | 56,540,000 | 37,485,000 | 27,023,000 | 25,655,000 | 22,290,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 36,903,000 | 25,582,000 | 5,263,000 | 4,741,000 | 4,850,000 | 4,621,000 | 4,331,000 | 14,537,000 | 12,463,000 | 12,172,000 | 3,246,000 | 2,865,000 | 2,836,000 | 2,322,000 | 2,131,000 |
| Debtors (Due After 1 year) | 5,252,000 | 5,252,000 | 5,251,000 | 5,251,000 | 5,257,000 | 6,214,000 | 12,449,000 | 12,704,000 | 16,752,000 | 21,250,000 | 10,006,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 130,939,000 | 109,442,000 | 97,488,000 | 98,106,000 | 100,175,000 | 95,246,000 | 110,363,000 | 102,693,000 | 99,745,000 | 105,741,000 | 69,792,000 | 40,350,000 | 29,859,000 | 27,977,000 | 24,421,000 |
| Stock & work in progress | 169,000 | 129,000 | 123,000 | 123,000 | 89,000 | 86,000 | 86,000 | 74,000 | 68,000 | 75,000 | 78,000 | 56,000 | 83,000 | 82,000 | 84,000 |
| Trade Debtors | 1,023,000 | 290,000 | 244,000 | 735,000 | 621,000 | 816,000 | 798,000 | 715,000 | 433,000 | 776,000 | 353,000 | 562,000 | 370,000 | 428,000 | 344,000 |
| Group Debtors | 333,000 | 385,000 | 461,000 | 12,000 | 12,000 | 0 | 0 | 295,000 | 566,000 | 347,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,185,000 | 6,240,000 | 1,218,000 | 2,872,000 | 4,577,000 | 6,218,000 | 10,920,000 | 7,673,000 | 12,575,000 | 12,057,000 | 7,799,000 | 2,384,000 | 829,000 | 1,281,000 | 1,291,000 |
| Cash | 18,563,000 | 22,155,000 | 31,146,000 | 24,224,000 | 17,826,000 | 23,417,000 | 34,541,000 | 42,127,000 | 5,850,000 | 7,019,000 | 5,866,000 | 5,125,000 | 5,150,000 | 2,568,000 | 3,258,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,875,000 | 0 | 0 | 0 | 0 |
| total current assets | 21,273,000 | 29,199,000 | 33,192,000 | 27,966,000 | 23,125,000 | 30,537,000 | 46,345,000 | 50,884,000 | 19,492,000 | 20,274,000 | 26,971,000 | 8,127,000 | 6,432,000 | 4,359,000 | 4,977,000 |
| total assets | 152,212,000 | 138,641,000 | 130,680,000 | 126,072,000 | 123,300,000 | 125,783,000 | 156,708,000 | 153,577,000 | 119,237,000 | 126,015,000 | 96,763,000 | 48,477,000 | 36,291,000 | 32,336,000 | 29,398,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 513,000 | 167,000 | 492,000 | 416,000 | 641,000 | 566,000 | 710,000 | 403,000 | 573,000 | 700,000 | 2,317,000 | 1,540,000 | 141,000 | 675,000 | 329,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 628,000 | 628,000 | 1,346,000 | 236,000 | 231,000 | 1,320,000 | 5,070,000 | 5,070,000 | 5,070,000 | 5,070,000 | 3,820,000 | 70,000 | 63,000 | 63,000 | 60,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 28,000 | 51,000 | 118,000 | 112,000 | 51,000 | 51,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,663,000 | 8,443,000 | 8,658,000 | 6,370,000 | 8,639,000 | 12,054,000 | 11,073,000 | 8,699,000 | 9,311,000 | 11,273,000 | 10,012,000 | 8,733,000 | 7,251,000 | 5,621,000 | 3,713,000 |
| total current liabilities | 10,804,000 | 9,238,000 | 10,496,000 | 7,022,000 | 9,539,000 | 13,991,000 | 16,971,000 | 14,284,000 | 15,005,000 | 17,094,000 | 16,149,000 | 10,343,000 | 7,455,000 | 6,359,000 | 4,102,000 |
| loans | 8,716,000 | 9,343,000 | 9,971,000 | 1,484,000 | 1,720,000 | 929,000 | 2,277,000 | 0 | 12,456,000 | 17,538,000 | 11,309,000 | 1,604,000 | 1,528,000 | 1,575,000 | 1,637,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 10,000 | 63,000 | 114,000 | 0 | 120,000 | 171,000 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 61,031,000 | 59,841,000 | 61,148,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 52,762,000 | 53,953,000 | 55,076,000 | 0 | 0 | 0 | 0 | 66,450,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 13,492,000 | 0 | 0 | 15,000 | 122,000 | 1,269,000 | 1,426,000 | 1,248,000 | 1,059,000 | 1,158,000 | 1,333,000 |
| total long term liabilities | 62,144,000 | 64,031,000 | 85,697,000 | 25,629,000 | 76,253,000 | 67,898,000 | 76,366,000 | 78,609,000 | 22,469,000 | 25,989,000 | 16,470,000 | 8,676,000 | 5,279,000 | 2,733,000 | 2,970,000 |
| total liabilities | 72,948,000 | 73,269,000 | 96,193,000 | 32,651,000 | 85,792,000 | 81,889,000 | 93,337,000 | 92,893,000 | 37,474,000 | 43,083,000 | 32,619,000 | 19,019,000 | 12,734,000 | 9,092,000 | 7,072,000 |
| net assets | 79,264,000 | 65,372,000 | 34,487,000 | 93,421,000 | 37,508,000 | 43,894,000 | 63,371,000 | 60,684,000 | 81,763,000 | 82,932,000 | 64,144,000 | 29,458,000 | 23,557,000 | 23,244,000 | 22,326,000 |
| total shareholders funds | 79,264,000 | 65,372,000 | 34,487,000 | 93,421,000 | 37,508,000 | 43,894,000 | 63,371,000 | 60,684,000 | 81,763,000 | 82,932,000 | 64,144,000 | 29,458,000 | 23,557,000 | 23,244,000 | 22,326,000 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 2,576,000 | 2,757,000 | 2,642,000 | 2,537,000 | 1,966,000 | 3,021,000 | 3,465,000 | 3,458,000 | 3,212,000 | 1,952,000 | 524,000 | 1,824,000 | 2,057,000 | 2,107,000 | 1,274,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | -66,000 | -65,000 | -72,000 | -50,000 | -54,000 | -36,000 | -36,000 | -27,000 | 0 | 0 | 0 | 0 |
| Stock | 40,000 | 6,000 | 0 | 34,000 | 3,000 | 0 | 12,000 | 6,000 | -7,000 | -3,000 | 22,000 | -27,000 | 1,000 | -2,000 | 84,000 |
| Debtors | -4,374,000 | 4,993,000 | -1,696,000 | -1,597,000 | -2,781,000 | -10,919,000 | 2,780,000 | -8,939,000 | -4,104,000 | 16,272,000 | 15,212,000 | 1,747,000 | -510,000 | 74,000 | 1,635,000 |
| Creditors | 346,000 | -325,000 | 76,000 | -225,000 | 75,000 | -144,000 | 307,000 | -170,000 | -127,000 | -1,617,000 | 777,000 | 1,399,000 | -534,000 | 346,000 | 329,000 |
| Accruals and Deferred Income | 1,220,000 | -215,000 | 2,288,000 | -63,300,000 | -2,225,000 | -326,000 | 63,522,000 | -612,000 | -1,962,000 | 1,261,000 | 1,279,000 | 1,482,000 | 1,630,000 | 1,908,000 | 3,713,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -13,492,000 | 13,492,000 | 0 | -15,000 | -107,000 | -1,147,000 | -157,000 | 178,000 | 189,000 | -99,000 | -175,000 | 1,333,000 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -7,319,000 | -11,757,000 | -8,098,000 | -7,134,000 | -606,000 | -2,460,000 | -1,186,000 | -2,165,000 | 605,000 | -3,434,000 | -499,000 |
| Change in Investments | 11,321,000 | 20,319,000 | 522,000 | -109,000 | 229,000 | 290,000 | -10,206,000 | 2,074,000 | 291,000 | 8,926,000 | 381,000 | 29,000 | 514,000 | 191,000 | 2,131,000 |
| cash flow from investments | -11,321,000 | -20,319,000 | -522,000 | 109,000 | -7,548,000 | -12,047,000 | 2,108,000 | -9,208,000 | -897,000 | -11,386,000 | -1,567,000 | -2,194,000 | 91,000 | -3,625,000 | -2,630,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -718,000 | 1,110,000 | 5,000 | -1,089,000 | -3,750,000 | 0 | 0 | 0 | 1,250,000 | 3,750,000 | 7,000 | 0 | 3,000 | 60,000 |
| Long term loans | -627,000 | -628,000 | 8,487,000 | -236,000 | 791,000 | -1,348,000 | 2,277,000 | -12,456,000 | -5,082,000 | 6,229,000 | 9,705,000 | 76,000 | -47,000 | -62,000 | 1,637,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -38,000 | -76,000 | -118,000 | 120,000 | -59,000 | -51,000 | 222,000 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,191,000 | -1,123,000 | 55,076,000 | 0 | 0 | 0 | -66,450,000 | 66,450,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 193,000 | -441,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -773,000 | -289,000 | -53,000 | -147,000 | -93,000 | -97,000 |
| cash flow from financing | 10,025,000 | 26,950,000 | 13,499,000 | 48,570,000 | -4,796,000 | 1,501,000 | -62,775,000 | -3,242,000 | -8,401,000 | 14,571,000 | 47,598,000 | 6,069,000 | 922,000 | 957,000 | 24,344,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -3,592,000 | -8,991,000 | 6,922,000 | 6,398,000 | -5,591,000 | -11,124,000 | -7,586,000 | 36,277,000 | -1,169,000 | 1,153,000 | 741,000 | -25,000 | 2,582,000 | -690,000 | 3,258,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,592,000 | -8,991,000 | 6,922,000 | 6,398,000 | -5,591,000 | -11,124,000 | -7,586,000 | 36,277,000 | -1,169,000 | 1,153,000 | 741,000 | -25,000 | 2,582,000 | -690,000 | 3,258,000 |
glasgow school of art. Credit Report and Business Information
Glasgow School Of Art. Competitor Analysis
Perform a competitor analysis for glasgow school of art. by selecting its closest rivals, whether from the EDUCATION sector, other large companies, companies in G 3 area or any other competitors across 12 key performance metrics.
glasgow school of art. Ownership
GLASGOW SCHOOL OF ART. group structure
Glasgow School Of Art. has no subsidiary companies.
Ultimate parent company
GLASGOW SCHOOL OF ART.
SC002271
glasgow school of art. directors
Glasgow School Of Art. currently has 22 directors. The longest serving directors include Mr Andrew Sutherland (Oct 2016) and Mr James Sanderson (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Sutherland | 64 years | Oct 2016 | - | Director | |
| Mr James Sanderson | United Kingdom | 57 years | Mar 2018 | - | Director |
| Mr Harry Rich | 67 years | Jun 2018 | - | Director | |
| Ms Katherine Adey | 36 years | Jun 2018 | - | Director | |
| Mr Alessandro Marini | 30 years | Aug 2019 | - | Director | |
| Mr Tsz Wu | 53 years | Nov 2019 | - | Director | |
| Mrs Kristen Bennie | United Kingdom | 47 years | Nov 2019 | - | Director |
| Ms Penelope MacBeth | 57 years | May 2020 | - | Director | |
| Mr Thomas Greenough | 60 years | Dec 2020 | - | Director | |
| Dr Graham Sharp | 71 years | Jul 2021 | - | Director |
P&L
July 2023turnover
47.1m
+6%
operating profit
3m
0%
gross margin
50%
-5.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
79.3m
+0.21%
total assets
152.2m
+0.1%
cash
18.6m
-0.16%
net assets
Total assets minus all liabilities
glasgow school of art. company details
company number
SC002271
Type
Private Ltd By Guarantee w/o Share Cap
industry
85421 - First-degree level higher education
incorporation date
February 1892
age
133
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
ANDERSON & BROWN AUDIT LLP
address
167 renfrew street, glasgow, G3 6RQ
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
THORNSTON LAW LLP
glasgow school of art. Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to glasgow school of art.. Currently there are 0 open charges and 3 have been satisfied in the past.
glasgow school of art. Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GLASGOW SCHOOL OF ART.. This can take several minutes, an email will notify you when this has completed.
glasgow school of art. Companies House Filings - See Documents
| date | description | view/download |
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