New College Lanarkshire

Scottish charity SC021206 · record on the Scottish Charity Register (OSCR) · accounts PDF

Financial health, per FY2025 accounts

The accounts state that the Lanarkshire Region secured an underlying operating surplus of £662k for the year ended 31st July 2024, reversing a deficit in the prior year. However, the College faces significant financial pressure due to high inflation and limited direct funding, requiring cost reduction measures and a Voluntary Severance Scheme. The forecast for the following year acknowledges a difficult financial position and a cash deficit that requires Scottish Funding Council support to address short-term liquidity.

What the accounts disclose