MTB 102 TRUST, NR32 3LQ : Companies House Number 03272289

Executive summary

MTB 102 TRUST has achieved a significant financial transformation within the challenging heritage sector, reducing liabilities by 82% since 2011 whilst growing net assets to £108,396—a position of strength that exceeds typical small museum benchmarks. The trust's current ratio of nearly 6:1 provides exceptional liquidity resilience, though the modest fixed asset base suggests the heritage vessel's true value remains off-balance-sheet. Looking forward, the organization's niche positioning around a unique WWII artifact provides competitive differentiation, but sustainable revenue generation and succession planning will be critical to maintaining this hard-won financial stability.

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Shareholders' funds

£108,396

Balance sheet as at 2018-10-31

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Overview

Company type: PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Incorporated: 1996-10-31
Registered office: 3 Sea Lake Road, Lowestoft, Suffolk, NR32 3LQ
Postcode: NR32 3LQ
Accounts category: Total Exemption Full
Charges: 0 outstanding

Accounts

Last made up to: 2025-10-31
Next due by: 2027-07-31
Financial year end: 31 October

Confirmation statement

Last statement dated: 2025-10-31
Next due by: 2026-11-14

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Nature of business (SIC)

91020 Museums activities

Officers 3 current · 5 resigned

MR Philip Ross NORTON Director

Appointed 2011-08-18

Michael Sidney HILL Director

Appointed 2001-11-21

MR Richard George BASEY Director

Appointed 1996-10-31

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Registered charity

MTB 102 TRUST — charity number 1114950

Registered 2006-06-28 Income £69,595 Spending £51,127 FY to 2025-10-31

Source: Charity Commission for England and Wales register, Open Government Licence v3.0.

Contact details

Website: http://www.mtb102.com

Previous registered addresses 1

Address	Changed on
10 RECTORY LANE, MULBARTON, NORWICH, NR14 8AG	2010-10-07

Competitors Norwich

1. SHERINGHAM MUSEUM NORFOLK TRUST LTD

£1,119,295
2. NORFOLK MUSEUMS DEVELOPMENT FOUNDATION

£1,051,181
3. THE MUSEUM OF THE BROADS

£395,088
4. THE MELTON CONSTABLE TRUST

£165,733
5. ROAD AND RAIL STEAM SERVICES LTD

£153,977

This company ranks 6 among museums activities in Norwich.

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The class of 1996

45%

of the 41,233 companies incorporated in 1996 are still active today; 52% have since been dissolved.

A fact about the year, not a forecast for this company.

Property in England & Wales 2 titles

Freehold: 2
Most recent registration: 2021-09-02
Where: Suffolk (2)

Title number	County	Tenure	Registered	Price paid
SK221111	Suffolk	Freehold	2021-09-02	—
SK237071	Suffolk	Freehold	2021-09-02	—

For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).