Grand Pavilion Events C.I.C.

Active10059954Arts & recreationIncorporated 13 Mar 2016 · Llandrindod Wells

Grand Pavilion Events CIC was registered on 13 March 2016 as a community interestcompany to benefit the residents of Llandrindod Wells and surrounding areas. It plans todevelop the building known as “Pavilion Mid Wales” into a thriving community venue offering an extensive programme of live music, grassroots music, arts & culture and community events. Additional information: Grand Pavilion Events CIC operates Pavilion Mid Wales as a not-for-profit venue. Any surplus generated is re-invested into the upkeep, maintenance and improvement of the building and the services offered. The financial year 2024/2025 has been one of continued resilience, community growth and programme expansion. Community engagement increased throughout the year across live music, children’s theatre, comedy and private hire events. In addition, the year saw a continued increase in rehearsal room bookings from both established groups and emerging musicians. It has been encouraging to see new local bands forming and using Pavilion Mid Wales as a creative base, contributing positively to the growth of the local grassroots music scene. Operational efficiencies initiated in previous years to reduce expenditure, particularly around energy usage and operational overheads, continued to be effective and are reflected in this year’s accounts. Our focus remains on improving sustainability, accessibility and long-term viability. A significant milestone during the year was the award of a £25,000 grant from People Postcode Lottery–Postcode Community Trust. This crucial funding would enable the purchase of additional equipment required to complete our new PA system, significantly improving technical capability and enhancing the audience, performer and hirer experience. Part of the funding was also used to programme a series of “free” family shows for later in 2025. Work was completed on a feasibility study of Pavilion Mid Wales which was grant funded through Shared Prosperity Fund – Community and Place. This study has provided valuable information regarding the condition of the building and potential development projects for the future. At the end of 2024, the directors were approached by the landlords, Powys County Council, regarding a potential asset transfer. An expression of interest was submitted to the Strategic Asset Board in December and as at the end of the financial year negotiations are ongoing.

Revenue

£112k

▼ -15.7% vs prior ~12m period

Profit after tax

-£9k

Margin -7.6%

Employees

3

– 0.0% vs prior ~12m period

Net assets

£8k

Total assets £38k

Financial history

Revenue by accounting period

6 periods available · ▲ growth ▼ decline

Mar 2020
£98k
Mar 2021
£54k▼ -45.3%
Mar 2022
£144k▲ +168.5%
Mar 2023
£146k▲ +1.5%
Mar 2024
£133k▼ -8.9%
Mar 2025
£112k▼ -15.7%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Mar 2025£112k▼ -15.7%-£9k3£8k
31 Mar 2024£133k▼ -8.9%£5k3£17k
31 Mar 2023£146k▲ +1.5%-£1k3£12k
31 Mar 2022£144k▲ +168.5%£7k4£13k
31 Mar 2021£54k▼ -45.3%£7k2£6k
31 Mar 2020£98k—£2k2-£1k

Latest available figures

Period ending 31 Mar 2025. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£112k
Gross profit
£56k
Operating profit
-£9k
Profit before tax
-£9k
Profit after tax
-£9k

Balance sheet

Total assets
£38k
Cash
£19k
Total liabilities
£30k
Net assets
£8k
Revenue per employee
£37k

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