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Thread: Annual Accounts y/e 31/7/17

  1. #1

    Default Annual Accounts y/e 31/7/17

    These have just dropped through my letterbox along with an invitation to go to the AGM on 24/5/18

    Any qualified accountants on here also seen a copy and care to comment?

  2. #2

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    Headline number loss = 2,055,359 (2016 loss = 1,417,228)

    report says Fossetts application to be considered by council in summer 2018, interesting statement:

    "We have not previously been this advanced in coordinating all the 'ingredients' and are doing so without the need of a 'partner'"

  3. #3

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    I was chatting with a client of mine this morning who is also a shareholder.

    He mentioned the wage bill was 4.7million over 157 staff members (roughly 26,000 per person, though obviously there are highs and lows on this). It represented an increase of around 500,000 year on year which represents the increased loss above.

    Not sure if I have that right?

    Also, I think the club are in for around 17million to Ron. Again, not sure if that's right, as well?

  4. #4

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    Quote Originally Posted by AndyT View Post
    I was chatting with a client of mine this morning who is also a shareholder.

    He mentioned the wage bill was 4.7million over 157 staff members (roughly 26,000 per person, though obviously there are highs and lows on this). It represented an increase of around 500,000 year on year which represents the increased loss above.

    Not sure if I have that right?

    Also, I think the club are in for around 17million to Ron. Again, not sure if that's right, as well?
    Yes - both those figures are nearly right:

    Wages 4,233,541 (2016 3,676,790), total employees 157 (2016 129), of which playing training and coaching 105 (2016 85)

    Debt to South East Leisure 16,608,938 (2016 13,571,518)

  5. #5

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    OK great and many thanks 'shrimpergarry'.

    So around 20 of the 28 extra staff are on the playing/coaching side. I'm guessing that will be more contracts for the youth players coming through?

  6. #6
    Pedant Firestorm's Avatar
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    Just got the accounts off the Companies house web site

    2017 Loss 2.05M (2016 1.4M)

    Turnover 5.6M (2016 5.47M)
    Costs 5.63M (2016 4.88M)
    Admin Exp 2.13M (2016 1.9M)

    Cumulatve -18.6M (2016 -16.5M)

    "highlights"
    ticket sales 2.08M (2016 1.71M)
    Player trading 1.147M (2016 1.431M)
    TV income 0 (2016 90k)

    Outgoings "highlights"

    Rental 450K (2016 400k) although this is never physical paid over , just accrues to the intercompany debt

    Wages 4.7M
    Playing staff 105 (2016 85)
    Establishment 46 (2016 39)
    Directors 6 (2016 5)

    creditors
    Trade 1.19M (2016 1.092m)
    intercompany 17.6M (2016 14.57m)
    (SEL 16.6m Metzcal 1M)

    so another 2M loss , after 1M of transfer income, club being propped up by intercompany loans from parent company SEL

  7. #7

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    Quote Originally Posted by AndyT View Post
    OK great and many thanks 'shrimpergarry'.

    So around 20 of the 28 extra staff are on the playing/coaching side. I'm guessing that will be more contracts for the youth players coming through?
    I'm not sure whether it is a head count as at that date or the number employed during that period. If the latter, it could be higher due to transfer churn (eg include players who have since left).
    "probablyDefinitely THE most clueless idiot on here" - according to wiggy


    Currently mourning the departure of Franck Moussa.


    Appreciating Zaaboub before it becomes fashionable

  8. #8
    Pedant Firestorm's Avatar
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    to quote the accounts "the average monthly number of employees , including the directors, during the year "

  9. #9

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    Quote Originally Posted by Yorkshire Blue View Post
    I'm not sure whether it is a head count as at that date or the number employed during that period. If the latter, it could be higher due to transfer churn (eg include players who have since left).
    Yes, good point 'Yorkshire'

  10. #10

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    Quote Originally Posted by AndyT View Post
    Yes, good point 'Yorkshire'
    It turns out it wasn't (see Firestorm's post).
    "probablyDefinitely THE most clueless idiot on here" - according to wiggy


    Currently mourning the departure of Franck Moussa.


    Appreciating Zaaboub before it becomes fashionable

  11. #11

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    Accounts show Nil TV revenue against previous year's 90 000. Not a single penny of tv money is poor.

  12. #12

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    Quote Originally Posted by Yorkshire Blue View Post
    It turns out it wasn't (see Firestorm's post).
    My mistake. I hadn't seen his post before I replied to your one.

  13. #13

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    Quote Originally Posted by Massimo Giovanni View Post
    Accounts show Nil TV revenue against previous year's 90 000. Not a single penny of tv money is poor.
    No cup runs.

    I think the previous year we actually had a rare televised League One match - the Oxford game Lozar had his one good match in.
    "probablyDefinitely THE most clueless idiot on here" - according to wiggy


    Currently mourning the departure of Franck Moussa.


    Appreciating Zaaboub before it becomes fashionable

  14. #14

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    I think the 2015-16 live games were the two at home to Burton Albion and Sheffield United.

    How does it work with the SKY money in general, though. I thought all clubs got something for the sponsorship of the divisions and the goal rights?

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