HIGHLAND THEOLOGICAL COLLEGE

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

  -7.3%

  £474,779 → £440,025

• Cash

  -9.1%

  £125,485 → £114,058

• Net assets

  -20.3%

  £835,281 → £665,927

• Employees

  -8.3%

  24 → 22

• Wages

  +5.5%

  £505,500 → £533,415

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.

1. HIGHLAND THEOLOGICAL COLLEGE 2021-02-01 → present
2. HIGHLAND THEOLOGICAL COLLEGE LIMITED 1994-03-18 → 2021-02-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MacKenzie Kerr Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “The major review of the university and its various structures initiated in 2022-23... continued in session 2024-25. The voluntary severance scheme... continued into 2024-25, complemented by a compulsory severance scheme.”
• “The focus then turned to a proposed Target Operating Model (TOM) and Full Business Case (FBC)... An Operating Model has been agreed and progress towards this new structure will continue in the coming academic year.”
• “we have marketed the Dingwall campus for sale and are presently seeking an appropriate facility in Inverness to host the College. We will also be terminating the current lease with the Wynd Centre (Paisley) for the facility there.”
• “The disappointing income figures are reflected in an operational deficit for the year of £169,000.”
• “Estate maintenance and repairs continues to be our largest category of expenditure... The Board has therefore taken two steps to address this; firstly, a planned withdrawal from the HTC centre in Paisley, effective from July 2026, and secondly, offering the premises in Dingwall for sale by the end of 2025.”
• “We have begun this year to provide an Apprenticeship Programme for the Church of Scotland.”
• “Preparations are being made for changes to the senior management team with the pending retirements of the Principal and Vice-Principal (Operations and Finance) in the 25-26 academic year.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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