University of Ulster
Latest income
£304.2m
Latest spending
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Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the University recorded an operating deficit of £20.2m for 2024/25, driven by rising costs and income not keeping pace with inflation. Despite this deficit, total net assets increased to £450m, supported by a significant increase in the NILGOSC pension asset position and investments made by subsidiary companies.
What the accounts disclose
Largest income source: Tuition Fees and Education Contracts (43% of income)
“43.1% £131.2m Tuition Fees and Education Contracts”
Per FY2025 accounts as filed with CCNI.
Trading subsidiary: Innovation Ulster Limited, Studio Ulster Limited
“The financial statements comprise the financial results of the University consolidated with the results of its subsidiary companies Innovation Ulster Limited and Studio Ulster Limited.”
Per FY2025 accounts as filed with CCNI.
Independent examiner: Ernst & Young LLP
Per FY2025 accounts as filed with CCNI.