Farfield Mill opened to the public in 2001. At its height, Farfield Mill attracted over 20,000 visitors a year.
Currently, visitor numbers have much reduced, averaging about 14,000 a year. Like many other charities, Farfield Mill have never had an operating surplus but has survived because of grants and generous ad hoc donations to keep it afloat. The result of all the historic trading, donations and grants is a healthy reserve of £425,881, but this is predominantly made up of fixed assets.
Although Farfield Mill is asset rich, it is cash poor. The 2018 share offer will address these cash flow issues with a debt for equity swap.