NORTHERN IRELAND SCIENCE PARK FOUNDATION LIMITED

• ◆

  3 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

  +17.3%

  £9,861,000 → £11,563,000

• Cash

  -61.4%

  £2,531,000 → £977,000

• Net assets

  +5.9%

  £2,374,000 → £2,513,000

• Employees

  -4%

  50 → 48

• Operating profit

  +34%

  £603,000 → £808,000

• Profit before tax

  +290.5%

  -£84,000 → £160,000

• Wages

  +14.1%

  £2,457,000 → £2,803,000

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

AAB Group Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. NORTHERN IRELAND SCIENCE PARK FOUNDATION LIMITED · parent
   1. Northern Ireland Science Park (Holdings) Limited 100% · UK
   2. Northern Ireland Science Park Property Limited 100% · UK
   3. North West Regional Science Park Limited 100% · UK

Significant events

• “The profit for the year, after taxation, amounted to £139k (2024 - loss £130k).”
• “The directors are satisfied with the results of the group for the year, which were in line with expectations and in line with the plan for the year to support local employment, programmes and project activities to invest in future growth and continued development of the entrepreneurial innovation ecosystem.”
• “The results of the group are profit making at EBITDA. There are strong positive cash balances and overall positive net assets despite the group having net current liabilities.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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