GLASGOW SCHOOL OF ART.
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Cash
£15m
+73.1% vs 2024
Net assets
£70m
+14.9% vs 2024
Employees
405
-0.5% vs 2024
Profit before tax
£7.9m
+3,421.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
GLASGOW SCHOOL OF ART.·Consumer Discretionary median
GLASGOW SCHOOL OF ART.·Consumer Discretionary median
GLASGOW SCHOOL OF ART.·Consumer Discretionary median
GLASGOW SCHOOL OF ART.·Consumer Discretionary median
GLASGOW SCHOOL OF ART.·Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-07-31
| Metric | Trend | 2024-07-31 | 2025-07-31 | Δ vs prior |
|---|---|---|---|---|
| Total income | £23,639,000 | £29,575,000 | +25.1% | |
| Operating profit | -£338,000 | £7,845,000 | +2,421% | |
| Profit before tax | £225,000 | £7,924,000 | +3,421.8% | |
| Net profit | £225,000 | £7,924,000 | +3,421.8% | |
| Cash | £8,942,000 | £15,479,000 | +73.1% | |
| Total assets less current liabilities | £121,216,000 | £128,662,000 | +6.1% | |
| Net assets | £61,053,000 | £70,167,000 | +14.9% | |
| Equity | £61,053,000 | £70,167,000 | +14.9% | |
| Average employees | 407 | 405 | -0.5% | |
| Wages | £22,949,000 | £24,350,000 | +6.1% | |
| Directors' remuneration | £206,000 | £224,000 | +8.7% | |
| Directors' pension contributions | £49,000 | £58,000 | +18.4% | |
| Highest paid director | £255,000 | £282,000 | +10.6% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-07-31 | 2025-07-31 |
|---|---|---|---|
| Operating margin | -1.4% | 26.5% | |
| Net margin | 1.0% | 26.8% | |
| Return on capital employed | -0.3% | 6.1% | |
| Gearing (liabilities / total assets) | 49.6% | 45.5% | |
| Current ratio | 0.96x | 1.20x | |
| Interest cover | -15.36x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group's and the School's activities, and the factors likely to affect its future development, performance and position, are set out in the Strategic Report. Its financial performance for the year to 31 July 2025, income and expenditure, assets, liquidity and cash flows, are set out in more detail in the Notes to the Financial Statements. The Board of Governors considers that the Group and the School has adequate resources to continue in operation for the foreseeable future and, for this reason, the going concern basis continues to be adopted when preparing the Financial Statements.”
Group structure
- GLASGOW SCHOOL OF ART. · parent
- GSofA Singapore pte Ltd 100%
- The Glasgow School of Art Development Trust
Significant events
- “The GSA Rural Lab was launched, marking a significant new chapter in the commitment to sustainable futures and the rural economy.”
- “The Rural Lab secured major funding through an AHRC Doctoral Focal Award in 2025, which will fund over 20 PhD students from 2026/27.”
- “The 2024 Turner Prize was awarded to GSA Silversmithing and Jewellery graduate, Jasleen Kaur.”
- “The Ladislav Sutnar Prize 2024 was awarded to the School in recognition of its collective contribution and significant influence on world art and design.”
- “A receipt of £8.1m was received in 2024/25 related to Insurance proceeds for the Mackintosh Building fire in 2018.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
22 active · 175 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WILLIAMS, Emma | Secretary | 2023-09-07 | — | — |
| BENNIE, Kristen Genevieve | Director | 2019-11-01 | May 1977 | American |
| CAIE, Graham Douglas, Professor | Director | 2021-08-01 | Feb 1945 | British |
| DOW, Jacqueline Coyle | Director | 2023-09-01 | Nov 1974 | British |
| GREENOUGH, Thomas Charles | Director | 2020-12-01 | Jan 1965 | British |
| HODDER, Stephen Ray | Director | 2023-12-01 | Oct 1956 | British |
| HORTON, Rufus | Director | 2025-08-01 | Apr 2002 | British |
| LAURIE, Craig | Director | 2023-12-01 | May 1971 | Scottish |
| LAVERS, Sarah Louise | Director | 2025-02-03 | Dec 1965 | British |
| LEAROYD, Simon Martin | Director | 2021-07-26 | Nov 1959 | British |
| MACBETH, Penelope Anne | Director | 2020-05-25 | Feb 1968 | British |
| NUTTER, David | Director | 2021-12-01 | Jan 1978 | British |
| PRIEST, Ann | Director | 2022-06-27 | Dec 1953 | British |
| RICH, Harry Paul | Director | 2018-06-01 | Jan 1958 | British |
| RUNCIE, Charli | Director | 2025-08-01 | Mar 2003 | British |
| SANDERSON, James William Grant | Director | 2018-03-01 | Dec 1967 | British |
| SCULLION, Adrienne, Professor | Director | 2023-12-01 | Aug 1967 | British |
| SHARP, Graham William, Dr | Director | 2021-07-13 | May 1953 | British |
| SIODMOK, Andrea Mae, Professor | Director | 2023-12-01 | Mar 1972 | British |
| TREFETHEN, Anne Elizabeth, Professor | Director | 2021-07-26 | Feb 1962 | British |
| VENMAN, Marion | Director | 2025-03-14 | Apr 1968 | British |
| WU, Tsz Wing | Director | 2026-05-01 | Sep 1971 | British |
Show 175 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FOLEY, Michael Leonard | Secretary | 1994-01-01 | 2000-12-31 |
| KEAN, Francis Watson | Secretary | — | 1993-12-31 |
| LEVITEN, Eliot Steven | Secretary | 2001-07-02 | 2016-12-31 |
| MENZIES, Andrew | Secretary | 2022-05-04 | 2023-09-07 |
| MILLER, James Young | Secretary | 2001-01-01 | 2001-06-29 |
| MILLOY, Alastair Harvey | Secretary | 2017-01-01 | 2019-08-31 |
| WILLIAMSON, Craig James, Dr | Secretary | 2019-09-01 | 2022-04-15 |
| ABRAM, Henry Charles | Director | — | 1991-12-31 |
| ADEY, Katherine Mary Lampitt | Director | 2018-06-01 | 2026-01-19 |
| AINSLEY, Samantha | Director | 1995-09-01 | 1998-05-31 |
| ANDERSON, Janette | Director | 2000-10-09 | 2006-10-09 |
| ANDERSON, Paul Dominic | Director | 1997-11-10 | 2000-05-31 |
| AYLIN, Kerry | Director | 2009-09-04 | 2017-04-17 |
| BAINES, Mark Howard | Director | 2003-06-01 | 2006-06-12 |
| BAKER, Amanda Jayne | Director | 1991-07-01 | 1992-07-10 |
| BAMFORD, Sharon Marie | Director | 2007-10-08 | 2013-12-12 |
| BATTERS, John Alexander | Director | 1996-12-03 | 2008-12-08 |
| BEATTIE, Charles Allison | Director | 2016-03-01 | 2019-02-11 |
| BICKERSTAFF, Alicia | Director | 2023-08-01 | 2025-07-31 |
| BLANCHE, John Jamieson | Director | 1992-02-26 | 1994-02-12 |
| BOWEN, Clifford Rhys | Director | — | 1988-12-31 |
| BROWN, James Douglas | Director | 2009-07-01 | 2018-07-01 |
| BROWN, Janet Marjorie, Dr | Director | 2008-04-14 | 2017-03-31 |
| BROWN, Katrina Mcrae | Director | 2004-06-21 | 2009-04-20 |
| BUCHANAN, William Menzies | Director | 1989-06-01 | 1991-12-31 |
| BUTLER, Hilda Anne | Director | — | 1988-12-31 |
| CALVOCORESSI, Richard Edward Ion | Director | — | 1991-06-21 |
| CAMERON, Blanche | Director | 1995-08-01 | 1996-07-31 |
| CAMERON, Dugald, Professor | Director | 1991-09-06 | 1999-10-04 |
| CAMPBELL, Catriona, Dr | Director | 2025-04-17 | 2026-03-30 |
| CHARAN, Singh Gill, Dr | Director | 2007-04-16 | 2007-12-10 |
| CLEMENTS, William Neil | Director | 2004-08-01 | 2005-08-01 |
| COCHRANE, David | Director | 1995-06-01 | 1998-05-31 |
| CONNELLY, Stephanie | Director | 1998-08-01 | 1999-07-31 |
| COOPER, Thomas Joshua, Prof | Director | 1999-09-01 | 2002-08-31 |
| COSGROVE, James | Director | — | 1999-10-18 |
| COSGROVE, Paul | Director | 2005-10-01 | 2008-06-16 |
| COWAN, Marie Ann | Director | 1996-08-01 | 1998-07-31 |
| CUTHBERT, William Moncrieff | Director | — | 1989-05-15 |
| DAVIES, Graeme John, Professor Sir | Director | 2003-10-01 | 2008-06-16 |
| DE SANTIS, Sam | Director | 2012-08-01 | 2014-07-31 |
| DEANS, Joyce Blair, Dr | Director | — | 1998-03-31 |
| DEARIE, Elaine | Director | 2002-08-01 | 2003-07-31 |
| DENNIS, Rachel | Director | 2024-08-01 | 2025-07-31 |
| DOBBRATZ, Amanda Louise | Director | 2005-08-01 | 2007-07-31 |
| DOWDS, Paul Barclay | Director | 1998-12-01 | 2003-07-11 |
| DOWNES, Robert | Director | 2009-07-01 | 2013-06-30 |
| DOWNIE, Robert S, Professor | Director | 1989-01-12 | 1990-05-31 |
| DOWNIE, Robert Silcock, Professor | Director | — | 1990-05-31 |
| DOYLE, Roberta | Director | 2004-04-23 | 2013-04-30 |
| DREW, Linda Sally, Professor | Director | 2011-08-29 | 2014-12-31 |
| DUNCAN, Geoffrey Cheyne Calderhead | Director | — | 1988-12-31 |
| DUNN, Sinead O'Donnell | Director | 2011-08-01 | 2012-07-31 |
| EADIE, Polly | Director | 2017-10-01 | 2021-05-26 |
| ECCLESTON, Tanya Karen | Director | 2002-09-01 | 2005-08-31 |
| ELDER, Thomas Anthony | Director | 2001-09-28 | 2009-05-19 |
| ELDER, Tom | Director | 2009-10-19 | 2011-02-07 |
| ELLIS, Walter Ralph | Director | 1992-10-01 | 1995-06-06 |
| ENGLISH, William John | Director | 1994-05-01 | 2006-06-12 |
| FAULDS, Ann | Director | 2019-11-01 | 2022-05-31 |
| FAULDS, James Joseph Michael | Director | 2003-02-06 | 2007-04-16 |
| FINNIE, Robert Mcgathan | Director | — | 1989-12-31 |
| FRASER, Hilary Lilian | Director | — | 1988-12-31 |
| FRENCH, Hubert John, Professor | Director | 2019-11-01 | 2022-11-09 |
| GLENNIE, Laura | Director | 2016-08-01 | 2018-07-31 |
| GOULD, Harriet | Director | 2018-08-01 | 2019-07-31 |
| GRAY, Muriel | Director | 2013-12-01 | 2021-09-30 |
| GRIEVE, Robert | Director | 1994-08-29 | 1995-08-31 |
| GROOM, Simon | Director | 2009-10-19 | 2015-10-31 |
| HAGMAN, Eric | Director | 1989-01-01 | 1991-12-31 |
| HAMILTON, Christine Millar | Director | 1998-02-04 | 2009-12-14 |
| HARDIE, William Robertson | Director | 1992-09-08 | 2004-09-07 |
| HENDERSON, Alan | Director | 1990-07-17 | 1991-01-31 |
| HERBERT, Martin, Dr | Director | 2019-11-01 | 2024-06-15 |
| HICKEY, Maurice | Director | 1994-05-01 | 2001-11-25 |
| IBBOTSON, Daniel | Director | 2011-02-07 | 2015-05-06 |
| INNS, Tom, Professor | Director | 2013-09-16 | 2018-11-02 |
| JAMIESON, Brian Mitchell | Director | 1990-07-12 | 1999-07-11 |
| JENKINS, Charles Blair | Director | 2008-12-08 | 2012-07-31 |
| JONES, Timothy Emlyn, Professor | Director | 1999-11-01 | 2002-12-31 |
| JUDGE, Will | Director | 2014-08-01 | 2015-07-31 |
| KAY-OGUNSOLA, Josephine | Director | 2021-08-01 | 2023-07-31 |
| KEARNEY, Nora, Professor | Director | 2016-10-01 | 2020-09-03 |
| KHUSHI, Afzal | Director | 2004-06-21 | 2006-12-11 |
| KINLOCH, Don Johnstone | Director | 1994-05-01 | 2003-05-31 |
| KINNAIRD, Douglas Macdonald | Director | 2007-10-08 | 2016-10-31 |
| KIRKPATRICK, Janice Mary | Director | 1999-04-01 | 2011-02-07 |
| KUENSSBERG, Nicholas Christopher Dwelly, Professor | Director | 2001-06-20 | 2010-06-21 |
| LEFROY BROOKS, Alison Sally | Director | 2007-02-05 | 2016-02-29 |
| LESLIE, David James | Director | — | 1997-05-31 |
| LOGAN, Nicholas John | Director | 2003-08-01 | 2004-08-01 |
| MARINI, Alessandro Jacopo | Director | 2019-08-01 | 2021-07-31 |
| MARSHALL, Valerie Margaret | Director | 1989-01-01 | 1990-10-01 |
| MCALLISTER, Eleanor Catherine Mary | Director | 2006-12-11 | 2017-12-31 |
| MCARA MCWILLIAM, Irene Helen | Director | 2018-11-26 | 2020-05-24 |
| MCARTHUR, Robert Whyte | Director | — | 1988-12-31 |
| MCAULEY, Michael Gerard | Director | 2018-03-01 | 2022-09-30 |
| MCCALL, James, Dr | Director | 1989-01-12 | — |
| MCCALL, James | Director | — | 1998-03-31 |
| MCCORMICK, John | Director | 2004-12-15 | 2007-12-10 |
| MCCRORY, Andrew Alexander | Director | 1999-10-04 | 2001-01-01 |
| MCDOWALL, William Crocket | Director | — | 1988-12-31 |
| MCGUIRE, Neil | Director | 1999-08-01 | 2001-07-31 |
| MCINNES, Marianne Louise | Director | 2021-06-01 | 2023-01-26 |
| MCKEAN, Colin | Director | 2007-08-01 | 2009-06-15 |
| MCNALLY, Paul Patrick | Director | — | 1988-12-31 |
| MCTAVISH, Linda Jane | Director | 2008-06-16 | 2017-06-30 |
| MERRILLS, Austin | Director | 1989-01-01 | 1997-09-02 |
| MICKLEM, Rosalind Elaine | Director | 2005-06-15 | 2007-10-08 |
| MITCHELL, Susan Anna, Dr | Director | 2016-03-01 | 2019-02-28 |
| MOLLOY, Kathy | Director | 2020-12-01 | 2023-11-30 |
| MOLLOY, Kathy | Director | 2006-08-01 | 2009-06-15 |
| MORRISON-ROSS, Jane | Director | 2025-02-05 | 2026-07-31 |
| MOSSON, Alexander Francis, Deputy Lieutenant | Director | — | 1988-12-31 |
| MOTANI, Habib | Director | 2018-06-01 | 2024-05-31 |
| MUGNAIONI, Paul David | Director | 2005-06-15 | 2009-02-07 |
| MURRAY, Paul | Director | 1990-06-08 | 1991-06-28 |
| NEIL, Kenneth Thomas Wood, Professor | Director | 2012-01-19 | 2020-01-23 |
| O'NEILL, Rory | Director | 2021-08-01 | 2023-03-27 |
| ODDY, Nicholas Martin | Director | 2006-06-15 | 2015-07-31 |
| PAGE, Alexander | Director | 2000-06-01 | 2003-05-31 |
| PANNELL, Thomas Harry Bentley | Director | — | 1989-05-31 |
| PARK, John Bruce | Director | — | 1992-10-05 |
| PARRY, Jacki Faye | Director | 1992-03-13 | 1995-05-31 |
| PATERSON, Simon Francis | Director | 1991-06-21 | 2003-08-02 |
| PIRIE, Ian Mcdonald, Professor | Director | 2003-09-01 | 2004-03-12 |
| PLUNKETT, Andrew | Director | 1998-06-01 | 1999-08-31 |
| PROSSER, Lewis | Director | 2015-08-01 | 2016-07-31 |
| QUINN, John Mcleod | Director | 1992-07-13 | 1994-08-26 |
| REED, Peter Arthur | Director | — | 1994-05-31 |
| REEKIE, Christa | Director | 2009-12-14 | 2018-12-31 |
| REID, Seona Elizabeth, Dame | Director | 1999-09-06 | 2013-08-31 |
| RIDLEY, Barbara | Director | 2020-02-26 | 2020-11-30 |
| ROBERTSON, Pamela Beaumont, Professor | Director | 2006-12-11 | 2010-12-13 |
| RODGER, Johnny, Professor | Director | 2016-12-01 | 2019-11-30 |
| RODNEY, Philip Emanuel | Director | 2010-04-19 | 2013-11-30 |
| ROSS, Kenneth | Director | 2011-06-13 | 2020-06-30 |
| RUSSELL, Muir, Sir | Director | 2009-10-19 | 2018-10-31 |
| SCOTT, James Niall | Director | 1997-08-01 | 2001-10-11 |
| SHARPE, Timothy Richard, Dr | Director | 2008-12-08 | 2011-12-19 |
| SHEARER, David James Buchanan | Director | 2004-06-21 | 2010-12-13 |
| SHEDDEN, Alfred Charles | Director | 2002-03-18 | 2011-02-07 |
| SMITH, John Malloy | Director | — | 1988-12-31 |
| SMITH, Sarah Anne, Doctor | Director | 2018-12-01 | 2021-11-30 |
| SMITH, Sarah Anne, Doctor | Director | 2015-10-01 | 2018-09-30 |
| SMITH, William | Director | — | 1988-12-31 |
| SOUTAR, Alexander Steele | Director | — | 1988-12-31 |
| SPEIRS, John Archibald Amoor | Director | — | 1988-12-31 |
| SQUIRE, Geoffrey | Director | 1989-01-12 | 1990-05-31 |
| STEPHEN, Alexander Moncrieff Mitchell | Director | — | 1988-12-31 |
| STEVENSON, Catherine Anne | Director | 1989-01-01 | 1995-05-31 |
| STRANGE, Robert Brian | Director | — | 1989-03-17 |
| SUTHERLAND, Andrew Campbell | Director | 2016-10-01 | 2025-09-30 |
| TAFFNER, Eleanor | Director | 1991-06-21 | 2003-03-01 |
| THOMSON, Ian | Director | 1998-06-01 | 2006-06-12 |
| THOMSON, Lesley Ann | Director | 2013-06-01 | 2021-12-13 |
| THOMSON, Lesley Ann | Director | 2003-08-01 | 2003-09-17 |
| TIERNEY, Martin | Director | 1989-07-31 | 1990-06-07 |
| TINKLER, Ted Ellis | Director | 2023-08-01 | 2024-07-31 |
| TOMLINSON, John Richard | Director | 1990-02-01 | 1997-08-31 |
| WALKER, Allan, Professor | Director | 2004-06-01 | 2011-09-23 |
| WALKER, David | Director | — | 1989-12-31 |
| WATSON, William | Director | — | 1993-06-25 |
| WATTERS, Patrick | Director | — | 1988-12-31 |
| WEBSTER, George Edward | Director | 1992-08-01 | 2001-07-31 |
| WHITE, Michael Asbury Marshall | Director | 2009-08-01 | 2011-07-31 |
| WHITEMAN, John Edward Michael | Director | 1990-12-01 | 1991-08-28 |
| WHYTE, William | Director | — | 1991-12-31 |
| WILDE, Alex | Director | 2001-08-01 | 2002-08-01 |
| WILKINSON, Michael John | Director | — | 1988-12-31 |
| WISHART, Ruth, Dr | Director | 1998-12-01 | 2004-03-03 |
| WRIGHT, Daniel Whitelaw, Professor | Director | 1989-01-01 | 1992-04-09 |
| WRIGHT, Spike | Director | 2020-12-01 | 2021-07-31 |
| WU, Tsz Wing | Director | 2019-11-01 | 2025-10-31 |
| YARRINGTON, Alison Willow, Professor | Director | 2011-02-07 | 2020-02-06 |
Ownership
Persons with significant control
No persons with significant control on record.
Filing timeline
Last 20 of 507 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-07 | AA | accounts | Accounts with accounts type group | |
| 2026-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-10 | CH01 | officers | Change person director company with change date | |
| 2025-04-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | AA | accounts | Accounts with accounts type group | |
| 2025-03-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-13 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 5
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.