ANNUAL REPORT 2025-2026
Financial performance
Experience UK recorded turnover of £ 404,955 for the year ended 31 March 2026, up £ 123,151, or 43.7 %, on the previous year. Gross profit increased by £ 25,937 to £ 131,047. The organization remained profitable, although operating profit and profit after tax were lower than in 2024 / 25.
Measure 2024 / 25 2025 / 26 Turnover £ 281,804 £ 404,955 Gross profit £ 105,110 £ 131,047 Gross profit margin 37.3 % 32.4 % Administrative expenses £ 96,492 £ 123,415 Operating profit £ 8,618 £ 7,632 Interest payable £ 6,642 £ 5,783 Profit before tax £ 1,976 £ 1,849 Tax charge £ 0 £ 717 Profit after tax £ 1,976 £ 1,132 Cash at bank and in hand £ 38,642 £ 28,173 Net liabilities £ 38,331 £ 37,199
Cash and the balance sheet
Growth and profitability
43.7 % increase in turnover
Cost of sales increased from £ 176,694 to £ 273,908, and the gross profit margin declined from 37.3 % to 32.4 %. Administrative expenses rose by £ 26,923 to £ 123,415. As a result, the increase in revenue and gross profit did not produce a corresponding increase in operating profit. Interest costs fell, but the tax charge meant that profit after tax reduced to £ 1,132.
Cash at bank and in hand declined by £ 10,469 to £ 28,173. The accounts separately report a bank overdraft of £ 7,331; the cash figure should therefore not be read as unrestricted reserves. Net current liabilities were £ 4,753, compared with net current assets of £ 4,613 in the previous year. Net liabilities improved by £ 1,132 to £ 37,199. The results underline the need to improve programme margins and manage working capital carefully as activity grows. The priorities are to build financial capacity alongside member value and ensure that delivery commitments are supported by realistic budgets.
EXPERIENCE UK 8