Board Of Management Of Perth College
Latest income
£26.5m
Latest spending
£30.2m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that UHI Perth recorded an operating deficit of £3.7m and an adjusted operating deficit of £0.6m for the year ended 31 July 2025, driven by lower-than-target student numbers and unfunded pay awards. Per the trustees' report, the college faces continuing financial pressures and has implemented a Financial Recovery Plan to achieve a break-even position over a three-year period, while relying on advance grant funding from the Scottish Funding Council to manage liquidity.
What the accounts disclose
Highest-paid employee band: £110,000 - £120,000
“The mid-point of banded remuneration of the highest paid official in 2024/25 has slightly decreased due to a change in personnel. Percentile pay ratios have increased in 2024/25 due to cost of living and incremental pay rises as well as salary variances as a result of leavers and new starts during the year. This has resulted in the percentile pay multiples decreasing in 2024/25.” — page 38
Per FY2025 accounts as filed with OSCR.
Going concern: doubt noted
“The SFC sent the interim Principal of UHI Perth a letter of comfort in November 2025 confirming that they will work with the sector and individual colleges and regions to consider ways to help manage cash flow requirements for the period of 12 months from the date of approval of our balance sheet. The Board of Management therefore confirms that they consider UHI Perth to be a going concern over the period of 12 months from the date of signing the accounts as described in the Colleges Scotland Corporate Governance Code June 2022 (section 5.1.3) and that the financial statements have been prepared on this basis as set out in Note 1 of these financial statements.”
Per FY2025 accounts as filed with OSCR.