SRUC
Latest income
£84.7m
Latest spending
£91.3m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the Group recorded an operating deficit of £6.7 million for the 16-month period, which represents an improvement from the previous year's £10.8 million deficit. Net assets reduced to £15.7 million, primarily due to actuarial losses on defined-benefit pension schemes and the underlying operating deficit, while cash and cash equivalents stood at £10.6 million.
What the accounts disclose
Related-party transaction: Donation in kind of SRUC Innovation shares
“During the year, SRUC received a donation in kind from SAC Foundation, a fellow group entity. The donation comprised the entire issued share capital of SRUC Innovation, a fellow subsidiary in the group. The shares were recognised at the carrying amount of £1.1m. No consideration was paid, and no amounts were outstanding between the SRUC and SAC Foundation at the year end.” — page 56
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Intercompany loan
“During the year, SRUC received a donation in kind from SAC Foundation, a fellow group entity. The donation comprised the entire issued share capital of SRUC Innovation, a fellow subsidiary in the group. The shares were recognised at the carrying amount of £1.1m. No consideration was paid, and no amounts were outstanding between the SRUC and SAC Foundation at the year end.” — page 56
Per FY2025 accounts as filed with OSCR.