THE BLACK WATCH REGIMENTAL TRUST LIMITED
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Cash
£193K
-8.6% vs 2024
Net assets
£7.2M
-4.1% vs 2024
Employees
30
+3.4% vs 2024
Profit before tax
—
Period ending 2025-03-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £823,315 | £835,070 | +1.4% | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | £5,416 | -£307,096 | -5,770.2% | |
| Cash | £210,866 | £192,801 | -8.6% | |
| Total assets less current liabilities | £7,764,684 | £7,457,588 | -4% | |
| Net assets | £7,514,684 | £7,207,588 | -4.1% | |
| Equity | £7,514,684 | £7,207,588 | -4.1% | |
| Average employees | 29 | 30 | +3.4% | |
| Wages | £465,654 | £590,228 | +26.8% | |
| Directors' remuneration | — | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 0.7% | -36.8% | |
| Gearing (liabilities / total assets) | 4.6% | 5.0% | |
| Current ratio | 2.75x | 2.26x |
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
- THE BLACK WATCH REGIMENTAL TRUST LIMITED 2022-02-28 → present
- THE BLACK WATCH MUSEUM 2011-11-09 → 2022-02-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Morris & Young, Statutory Auditor
- 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. 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 and parent charity'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
- THE BLACK WATCH REGIMENTAL TRUST LIMITED · parent
- Black Watch Museum Shop Limited 100%
Significant events
- “2024 2025 saw a change of the Chair and the settling in of the CEO who started late in the previous financial year.”
- “The Black Watch Regimental Trust undertook a review of its development and progress to baseline its financial, commercial, statutory and compliance positions with the aim of building firm foundations for the future of the Trust.”
- “The Association held its Annual Reunion at Balhousie Castle on 22nd June 2024 which was well attended.”
- “The Trust's efforts were recognised at the 2024 Perthshire Chamber of Commerce Business Star Awards, where we won the Excellence in Customer Service Award and were shortlisted for the Commitment to the Community Award. Our Learning and Audiences Officer also won the ASVA (Association of Scottish Visitor Attractions) Rising Star Award.”
- “The Trust has released its first Annual Review, which is available for all to see at: Support Us - theblackwatch.co.uk.”
- “a decision was taken to move to paying the Real Living Wage to the staff team from the beginning of April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMPBELL, Linda | Secretary | 2022-07-19 | — | — |
| AITKEN, Alastair James | Director | 2024-08-30 | May 1968 | British |
| GRAY, Colin | Director | 2022-04-01 | Apr 1957 | British |
| HAY, Charles William Harley | Director | 2016-12-03 | Dec 1962 | British |
| MCELHINNEY, Julian Russell | Director | 2022-05-04 | Feb 1973 | British |
| ROADS, Elizabeth Ann | Director | 2019-04-24 | Jul 1951 | British |
| URQUHART, Valerie | Director | 2024-09-06 | Apr 1963 | British |
| WRENCH, Benjamin Mark Alistair | Director | 2022-04-01 | Jul 1970 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOWELL, Kathryn | Secretary | 2013-11-25 | 2014-11-14 |
| IANNETTA, Alfred | Secretary | 2012-05-09 | 2013-07-31 |
| KINNES, Anne | Secretary | 2015-01-05 | 2017-03-09 |
| MONTEITH, John | Secretary | 2022-04-01 | 2022-07-18 |
| STEWART, Alexander Macpherson, Maj(Retd) | Secretary | 2017-03-09 | 2022-04-01 |
| BARNETT, Garry Charles, Brigadier | Director | 2012-05-23 | 2016-03-21 |
| CARMICHAEL, Timothy John Owen | Director | 2022-04-01 | 2022-05-04 |
| CARTER, Stephen John | Director | 2022-04-01 | 2026-04-24 |
| COUSER, Garry Ronald, Lieutenant Colonel | Director | 2011-11-09 | 2016-03-21 |
| COWAN CBE DSO, James Michael, Major General | Director | 2017-04-14 | 2022-03-31 |
| FERGUSON, Angus Hunter | Director | 2014-05-15 | 2022-03-31 |
| HALSTEAD, Richard Graham | Director | 2017-03-09 | 2024-07-26 |
| HAY, George Morrison | Director | 2017-12-07 | 2022-03-31 |
| IRWIN, Alistair Stuart Hastings, Sir | Director | 2011-11-09 | 2016-09-22 |
| MCMICKING, David John, Major | Director | 2011-11-09 | 2014-11-14 |
| MONTGOMERY, James David Keith | Director | 2011-11-09 | 2015-12-03 |
| MURDOCH, Alexander, Colonel | Director | 2016-03-21 | 2017-04-14 |
| NIVEN, Emma Elizabeth Ellen | Director | 2013-02-12 | 2016-03-21 |
| NOBLE, David Allister John | Director | 2022-04-01 | 2024-04-26 |
| NOBLE, David Allister John | Director | 2011-11-09 | 2013-10-29 |
| O'REILLY, Sean Martin | Director | 2014-11-14 | 2018-09-20 |
| PERRIAM, Anthony Hugh | Director | 2017-03-09 | 2022-03-31 |
| RIDDELL-WEBSTER, Michael Lawrence | Director | 2014-05-01 | 2022-03-31 |
| TAYLOR, Michael Anthony, Dr | Director | 2019-04-24 | 2022-03-31 |
| WATSON, Alastair Alexander Linton | Director | 2022-04-01 | 2025-04-25 |
| WATT, James Richard | Director | 2012-05-23 | 2017-05-18 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 102 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | AA | accounts | Accounts with accounts type group | |
| 2025-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-13 | AA | accounts | Accounts with accounts type group | |
| 2024-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | CH01 | officers | Change person director company with change date | |
| 2024-01-09 | AA | accounts | Accounts with accounts type group | |
| 2023-11-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-08 | AA | accounts | Accounts with accounts type group | |
| 2022-07-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-07-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-07-08 | CH01 | officers | Change person director company with change date | |
| 2022-05-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.