LIVERPOOL BIENNIAL OF CONTEMPORARY ART LIMITED

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -27.6%

  £17,051 → £12,351

• Cash

  +45.6%

  £956,887 → £1,393,224

• Net assets

  +30.4%

  £1,245,014 → £1,623,939

• Employees

  -22.7%

  22 → 17

• Operating profit

  +236.5%

  -£261,129 → £356,325

• Profit before tax

  +256.3%

  -£242,425 → £378,925

• Wages

  -7.9%

  £681,763 → £628,088

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DSG Audit

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Biennial's forecasts and financial projections indicate that it will continue to be able to operate within the bounds of its resources. Accordingly, after making appropriate enquiries the Board of Trustees has a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, it continues to adopt the going concern basis in preparing financial statements.”

Significant events

• “the effects of the economic context and inflationary pressures on budgets have been significant alongside continuing difficulties caused by Brexit and its impact on the transportation of works of art and movement of artists. Additional social and national pressures were felt with the violence, protests and race riots that occurred in the city of Liverpool and across the country in the summer of 2024 following the Southport attack.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.