LSTM continues to invest heavily in its teaching and learning provision and has continued to make step changes following its designation as a Higher Education Institution (HEI) in 2013. Find out more about our financial performance over the past financial year.
LSTM is able to report another record level of income in 2017/18. Stripping out exceptional items, income of £115m was up 27% on the previous year. Five year total income growth is 91% and 5 year research income growth is 100%. The 2017/18 retained surplus was £4.3m and the balance sheet is strong with net assets of £50.2m.
LSTM has a strong pipeline of research grants over the next 3-5 years and its offering of post graduate courses continues to increase both in the UK and overseas.
LSTM's annual financial statements for current and recent years are available from the publications page.
| (restated) | |||||||
2017/18 |
2016/17 |
2012/13 |
2007/08 |
5 Yr growth |
10 Yr growth |
||
| £'000 | £'000 | £'000 | £'000 | % | % | ||
| Income * | 114,865 | 90,422 | 59,994 | 42,400 | 91% | 171% | |
| Research Income * | 93,210 | 71,114 | 46,607 | 30,686 | 100% | 204% | |
| Net Assets ~ | 50,183 | 45,801 | 57,092 | 38,083 | -12% | 32% | |
| * Excluding exceptional items | ||
| ~ Net assets since 2015/16 under different accounting basis from previously | ||
