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HULT INTERNATIONAL BUSINESS SCHOOL LTD

Registered charity 1092321 · accounts filings on the Charity Commission register · also known as HURON UNIVERSITY USA IN LONDON LIMITED

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Latest income
£19.7m
Latest spending
£18.5m
Registered
2002
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £1.0m for the year ended 31 July 2024, which reduced its net liabilities from £9.1m to £8.1m. Per the trustees' report, the charity operates on a cost-plus basis with revenue guaranteed by a US parent charity, ensuring it always generates a surplus despite having negative unrestricted reserves.

What the accounts disclose

Highest-paid employee band: £200,000 - £249,999 — in the top quarter for charities its size (median £130k)
“The President Matthew Lilley total annual remuneration is £206,905” — page 25
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: one year’s costs (held: £-8.1m)
“The reserves policy is to reach a positive net assets level of reserves, with a longer-term objective of having reserves equal to at least one year’s costs as an adequate reserves level.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan interest charged by Hult International Business School AG, a company owned by the father of Mr Hult, a director.
“During the financial year 2024, interest of £511,373 was charged on a loan to the School of £10.5m advanced by Hult international Business School AG, a company owned by the father of Mr Hult, a director of the company.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Knox Cropper LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£19.7m
Total spending
£18.5m
Reserves (reported)
£7.0m
Employees
135

Reported reserves equal ~4.5 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2025£19.7m£18.5m
31/07/2024£18.7m£17.7m
31/07/2023£17.3m£16.4m
31/07/2022£15.2m£14.3m
31/07/2021£11.5m£10.8m

Common questions

Is HULT INTERNATIONAL BUSINESS SCHOOL LTD financially healthy?

The accounts state that the charity reported a surplus of £1.0m for the year ended 31 July 2024, which reduced its net liabilities from £9.1m to £8.1m. Per the trustees' report, the charity operates on a cost-plus basis with revenue guaranteed by a US parent charity, ensuring it always generates a surplus despite having negative unrestricted reserves. Its FY2024 accounts were audited by Knox Cropper LLP.

What does the highest-paid employee of HULT INTERNATIONAL BUSINESS SCHOOL LTD earn?

Per its FY2024 accounts, the highest-paid employee was in the £200,000 - £249,999 band.