The company behind London’s Pride parade recorded a £120,726 loss in 2024, as shown in the latest accounts. The entity responsible for organizing the annual LGBT+ event in the capital had generated a profit of £204,368 the year before.
This financial situation reflects the challenges faced by Pride organizations, with major cities in the UK either postponing events or facing insolvency in 2025. The organizers of Liverpool and Plymouth Pride parades chose not to hold their events due to financial and organizational difficulties, while Manchester Pride went into voluntary liquidation, resulting in unpaid artists, suppliers, and freelancers.
Dee Llewellyn, chair of the UK Pride Organisers Network (UKPON), highlighted that Pride organizers are currently dealing with the most severe financial crisis in the movement’s history. The costs associated with organizing safe and inclusive Pride events, including production, staging, security, and infrastructure, are escalating by approximately 15 to 20% annually.
Furthermore, corporate engagement in supporting Pride events has decreased, especially from U.S.-based companies influenced by the prevailing political climate. Stonewall, the UK’s largest LGBT+ charity, reported a significant drop in corporate donations, from £348,636 in 2024 to £143,149 in the 2025 financial year.
What’s happening with Pride in London?
The accounts of Pride in London do not provide details on the finances of 2025. During that year, the organization obtained a High Court injunction against its chief executive, Christopher Joell-Deshields, to regain control of the bank accounts. Mr. Joell-Deshields has been on leave since August 29, and due to the lengthy process of reclaiming control of key organizational systems from him, the company’s accounts were submitted more than three months overdue.
A spokesperson for the company behind Pride in London, London LGBT Community Pride CIC (LLCPC), explained that a compulsory strike-off action initiated by Companies House, which has now been terminated, was a result of operational challenges that delayed the filing of accounts and the processing of updated information at Companies House.
The spokesperson affirmed that the organization’s finances are stable, expressing optimism for a successful Pride in London event in 2026 despite the challenging circumstances faced by Pride organizations. In November, an LLCPC spokesperson assured Sky News that the accounts would be visible on Companies House within 10 working days.
The latest accounts for 2024 highlighted the organization’s secure long-term funding framework, supported by a significant funding commitment from the Greater London Authority extending through 2027. The company attracted 33,000 participants to the London Pride parade and increased its number of employees from two in 2023 to four in 2024.