ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION
Operating as a registered charity, the foundation owns and manages London's Royal Opera House, serving as the home and parent entity for the Royal Ballet and Opera companies.
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Cash
£91M
highest in 3 filed years
Net assets
£304M
highest in 3 filed years
Employees
1,162
highest in 3 filed years
Profit before tax
£762K
Period ending 2025-08-31
Net assets
3-year trend · vs Consumer Discretionary median
ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION·Consumer Discretionary median
ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION·Consumer Discretionary median
ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION·Consumer Discretionary median
ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION·Consumer Discretionary median
ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION·Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-08-31
| Metric | Trend | 2023-08-27 | 2024-08-25 | 2025-08-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £101,174,000 | £103,490,000 | £104,567,000 | — | |
| Operating profit | -£50,817,000 | £820,000 | -£4,497,000 | — | |
| Profit before tax | — | £5,023,000 | £762,000 | — | |
| Net profit | £8,866,000 | £3,551,000 | -£762,000 | — | |
| Cash | £51,589,000 | £88,642,000 | £91,126,000 | — | |
| Total assets less current liabilities | £263,162,000 | £322,717,000 | £335,770,000 | — | |
| Net assets | £227,267,000 | £287,897,000 | £303,820,000 | — | |
| Equity | £296,223,000 | £287,897,000 | £303,820,000 | — | |
| Average employees | 1,069 | 1,096 | 1,162 | — | |
| Wages | £49,177,000 | £53,685,000 | £59,457,000 | — | |
| Directors' remuneration | £1,527,316 | £1,704,732 | £1,081,365 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 13 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-08-27 | 2024-08-25 | 2025-08-31 |
|---|---|---|---|---|
| Operating margin | -50.2% | 0.8% | -4.3% | |
| Net margin | 8.8% | 3.4% | -0.7% | |
| Return on capital employed | -19.3% | 0.3% | -1.3% | |
| Gearing (liabilities / total assets) | 26.4% | 21.8% | 21.3% | |
| Current ratio | 1.87x | 3.26x | 3.09x | |
| Interest cover | — | 1.65x | -10.31x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION 2014-09-01 → present
- ROYAL OPERA HOUSE,COVENT GARDEN LIMITED 1950-04-01 → 2014-09-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After consideration of the scenarios, the Trustees consider that the Royal Ballet and Opera (Group and Parent Charitable Company) has adequate resources to continue in operational existence for the foreseeable future being a minimum of twelve months from when these financial statements are approved. For this reason, the financial statements of the Group and Parent Charitable Company have been prepared on a going concern basis.”
Group structure
- ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION · parent
- ROH Holdings Limited 100%
- ROH Pension Trustee Limited 100%
- ROH Productions Limited 100%
- Royal Opera House Enterprises Limited 100%
Significant events
- “The Royal Ballet's 2024/25 Season included an exhilarating mix of new work and enduring classics, including the European premiere of Wayne McGregor's MADDADDAM and the world premiere of Mark Anthony-Turnage's Festen.”
- “The 2024/25 Season featured the thrilling revival of Jenůfa, Jakub Hrůša's first production since his appointment as Music Director.”
- “Ten productions (four operas and six ballets) were relayed to 1,500 cinemas across 51 countries; The Nutcracker was brought to wider audiences in North America and Canada in a new distribution arrangement with The Metropolitan Opera.”
- “A collaboration with Northern Ballet, Opera North and Bradford UK City of Culture 2025 culminated in a mass singing and dancing performance in the iconic Bradford Live venue.”
- “The first phase of production lighting renewal with the installation of a new overhead LED rig resulted in improved energy efficiency and reduced carbon emissions.”
- “LED upgrade of the auditorium lighting, reducing energy consumption by circa 70%, and replacement of the obsolete control system for the false proscenium.”
- “Implemented a new IP-based production communications system for stage teams, providing building-wide coverage through the unified network.”
- “The fifth floor was remodelled to deliver Cicoria by Angela Hartnett, a restaurant and terrace bar, enhancing visitor experience and commercial offer.”
- “New systems and upgrades were rolled out across ticketing, finance, HR, and scheduling platforms.”
- “A renewed Relaxed Performance schedule in 2024/25 made it RBO's most accessible season to date with nearly 28,000 attendees, focusing on neurodiverse and disabled audiences.”
- “Remodelling of the Stage Door was undertaken to improve accessibility and welcome.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
18 active · 82 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HURST, Leah | Secretary | 2019-10-08 | — | — |
| BADAWI-MALIK, Zeinab Mohammed-Khair | Director | 2019-10-08 | Oct 1959 | British |
| BRITTON, Caroline Louise | Director | 2021-12-14 | Feb 1965 | British |
| BROWNE OF MADINGLEY, John, Lord | Director | 2020-09-01 | Feb 1948 | British |
| BULL, Deborah, Baroness | Director | 2025-09-01 | Mar 1963 | British |
| BUNTING, Timothy Brian | Director | 2017-10-03 | Aug 1963 | British |
| BURGER, Lisa Jane | Director | 2022-10-05 | May 1962 | British |
| DORFMAN, Lloyd Marshall | Director | 2015-02-10 | Aug 1952 | British |
| FREISE, Philipp Roland | Director | 2023-12-07 | Jul 1973 | German |
| GOLANT, Farah Ramzan | Director | 2024-12-10 | May 1964 | British |
| HYTNER, Nicholas Robert, Sir | Director | 2026-01-01 | May 1956 | British |
| ISON, Daniel Alexander | Director | 2024-09-01 | Apr 1977 | British Virgin Islander |
| LUCAS, Stephen | Director | 2024-09-01 | Dec 1968 | British |
| MCCALL, Carolyn Julia, Dame | Director | 2024-12-10 | Sep 1961 | British |
| STANTON, Alan William | Director | 2024-10-08 | Apr 1944 | British |
| STREETEN, Joanna | Director | 2024-05-21 | Aug 1967 | British |
| SUMMERS, Alistair Gerald | Director | 2024-10-08 | May 1965 | British |
| SUSSKIND, Janis Elizabeth | Director | 2022-10-05 | Nov 1952 | American |
Show 82 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURGER, Lisa | Secretary | 1996-06-24 | 1997-06-30 |
| CAWTHRA, Richard | Secretary | 2011-01-07 | 2011-05-04 |
| DAFFERN, Ivan Luke | Secretary | 2018-10-01 | 2019-10-08 |
| HALL, Anthony William, Lord | Secretary | 2001-06-12 | 2002-02-19 |
| HALL, Richard John Jeaffreson | Secretary | 1997-07-01 | 1998-02-26 |
| JONES, Philip Charles | Secretary | — | 1993-08-31 |
| KAISER, Michael | Secretary | 1998-12-16 | 2001-06-12 |
| LE ROY, Fiona Mary Noel | Secretary | 2011-05-04 | 2018-09-30 |
| MORTLOCK, John Samuel | Secretary | 2008-01-22 | 2011-01-07 |
| SEEKINGS, John Charles | Secretary | 2002-02-19 | 2008-01-22 |
| TIMMS, Clive | Secretary | 1993-09-01 | 1996-06-24 |
| WALL, Liam Anthony | Secretary | 1998-04-08 | 1998-12-16 |
| ALEXANDER, Alex Sandor, Sir | Director | — | 1992-08-31 |
| ALLEN, Thomas Boaz | Director | 1999-03-31 | 2002-03-31 |
| ARMSTRONG OF ILMINSTER, Robert Temple, Lord | Director | — | 1993-08-31 |
| BENSON, Christopher John, Sir | Director | — | 1992-08-31 |
| BERKELEY, Michael Fitzhardinge | Director | 1996-03-25 | 2002-08-30 |
| BIRKIN, John Derek, Sir | Director | 1993-09-01 | 1997-08-31 |
| BLACKSTONE, Tessa Ann Vosper, Baroness | Director | 2009-10-06 | 2014-07-07 |
| BLACKSTONE, Tessa Ann Vosper, Baroness | Director | — | 1997-05-12 |
| BUTLER, James, Sir | Director | 1994-01-01 | 1998-03-25 |
| CHICHESTER, June Marjike, The Countess | Director | 2001-09-20 | 2014-07-31 |
| CLEMENTI, David Cecil, Sir | Director | 2006-07-01 | 2014-07-31 |
| COMPAGNONI, Marco | Director | 2002-03-01 | 2007-12-31 |
| COOPER, Kirstine Ann | Director | 2016-10-04 | 2024-08-25 |
| CRUDDAS, Peter Andrew | Director | 2012-03-02 | 2016-07-31 |
| CZYZAK-DANNENBAUM, Peggy Scott | Director | 2006-07-01 | 2010-07-31 |
| DAVIES, Genevieve Rachel, Dr | Director | 2013-08-01 | 2021-09-01 |
| DAVIS, Peter John, Sir | Director | 1999-09-08 | 2005-08-31 |
| DUFFIELD, Vivien Louise, Dame | Director | 2014-10-17 | 2022-09-01 |
| DUFFIELD, Vivien Louise, Dame | Director | — | 2001-02-01 |
| EATWELL, John Leonard, Lord | Director | 1998-01-29 | 2006-01-31 |
| FORMAN, John Denis, Sir | Director | — | 1991-12-31 |
| FORSYTH, Andrew Hamish | Director | 2017-10-03 | 2018-12-11 |
| GASCOIGNE, Bamber | Director | — | 1995-12-31 |
| GAVRON OF HIGHGATE, Robert, Lord | Director | 1992-03-24 | 1998-01-21 |
| GREER, Bonnie | Director | 2002-03-01 | 2006-05-23 |
| GREY, Beryl | Director | 1999-09-08 | 2002-11-30 |
| GUMMER, Peter Selwyn, The Rt Hon The Lord Chadlington | Director | 1996-07-01 | 1997-12-04 |
| HEMMINGS, Peter William | Director | 1999-03-31 | 2002-01-04 |
| HEYWOOD, Suzanne Elizabeth, Lady | Director | 2012-03-02 | 2022-08-28 |
| HOYLE, Susan Linda | Director | 2017-08-28 | 2025-08-31 |
| HYTNER, Nicholas Robert, Sir | Director | 2008-10-07 | 2021-09-01 |
| ISAACS, Jeremy Israel | Director | — | 1997-08-31 |
| JACOMB, Martin Wakefield, Sir | Director | — | 1992-03-01 |
| KINGMAN, John | Director | 2014-02-04 | 2021-09-01 |
| KINGORI, Vanessa | Director | 2022-10-05 | 2024-03-21 |
| LEES, David Bryan, Sir | Director | 1998-02-25 | 2008-08-31 |
| LIPTON, Stuart Anthony, Sir | Director | 1998-02-25 | 2006-02-28 |
| LOMAX, John Kevin | Director | 2001-09-20 | 2005-01-25 |
| LOWE, Christopher John | Director | 1993-09-01 | 1997-08-31 |
| LOWE, Frank Budge, Sir | Director | 2002-03-01 | 2010-07-31 |
| LYNCH, Thomas Gerard | Director | 2001-09-30 | 2010-07-31 |
| MACGIBBON, Ross Arthur | Director | 1999-03-31 | 2002-03-31 |
| MACMILLAN, Deborah Millicent, Lady | Director | 1993-09-01 | 1994-12-04 |
| MADEN, Margaret, Professor | Director | 2002-03-01 | 2011-07-31 |
| MANDUELL, John, Sir | Director | — | 1995-08-31 |
| MAYHEW JONAS, Judith Charles, Dame | Director | 2003-03-01 | 2008-08-31 |
| MCMAHON, Christopher | Director | — | 1997-08-31 |
| METHERELL, Julian | Director | 2013-08-01 | 2022-08-28 |
| MIRZA, Dr Munira, Dr | Director | 2014-10-07 | 2019-12-10 |
| MORRELL, Paul Dring | Director | 2016-08-01 | 2024-08-25 |
| MUELLER, Rudolf Gottfried | Director | 1996-03-25 | 1998-01-14 |
| NEARS, Colin Gray | Director | 1995-04-24 | 1998-01-16 |
| NEWBIGGING, Carolyn | Director | 1997-02-27 | 2001-12-31 |
| PLASTOW, David Arnold Stuart, Sir | Director | 1992-01-01 | 1993-03-04 |
| PRETTEJOHN, Nicholas Edward Tucker | Director | 2005-07-01 | 2013-07-31 |
| RABBATTS, Heather Victoria, Dame | Director | 2009-01-20 | 2017-08-31 |
| ROBERTSON, Simon Manwaring, Sir | Director | 2002-03-01 | 2012-07-31 |
| ROBEY, Simon Christopher Townsend, Sir | Director | 2021-05-14 | 2022-08-28 |
| ROBEY, Simon Christopher Townsend, Sir | Director | 2006-07-01 | 2016-07-31 |
| RONSON, Gail, Dame | Director | 2001-09-20 | 2014-07-31 |
| ROSS, David Peter John | Director | 2020-09-01 | 2021-05-13 |
| RUBASINGHAM, Indhu | Director | 2020-09-01 | 2024-08-25 |
| RUDD, Roland Dacre | Director | 2011-02-02 | 2017-08-31 |
| SAINSBURY, Anya, Lady | Director | 2002-12-01 | 2007-07-10 |
| SAINSBURY, John Davan, Lord | Director | — | 1991-08-31 |
| SALZ, Anthony Michael Vaughan, Sir | Director | 2008-10-07 | 2016-07-31 |
| SOUTHGATE, Colin Grieve, Sir | Director | 1998-01-15 | 2003-07-31 |
| SPOONER, James Douglas, Sir | Director | — | 1997-12-31 |
| STIRLING, Angus Duncan Aeneas, Sir | Director | — | 1996-08-31 |
| STREET, Susan Ruth, Dame | Director | 2007-09-01 | 2015-07-31 |
Ownership
Persons with significant control
No persons with significant control on record.
Filing timeline
Last 20 of 430 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-30 RESOLUTIONS Resolution
- 2025-10-30 MA Memorandum articles
- 2025-08-05 RESOLUTIONS Resolution
- 2025-07-31 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-04 | AA | accounts | Accounts with accounts type group | |
| 2026-01-27 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-27 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-01-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | MA | incorporation | Memorandum articles | |
| 2025-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-31 | MA | incorporation | Memorandum articles | |
| 2025-05-30 | AA | accounts | Accounts with accounts type group | |
| 2025-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.