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Supa Shrimpa

Director⭐
Joined
Jan 19, 2009
Messages
2,696
Wouldn't want to rock the boat. I'm going to let this season end before I give my opinions on the state of our finances...
 

Jcd

Youth Team
Joined
Dec 1, 2013
Messages
475
Location
Leigh-on-sea
love that the move to a new ground is still given as a mitigating factor in regards going concern.
 

Beefy

Life President
Joined
Oct 27, 2003
Messages
18,901
Location
Old Leigh
It is the sole mitigating factor. The club will continue to be bankrolled for as long as there's a reason to bankroll it (the pot of gold at the end of the Fossetts Farm rainbow).
 

Smiffy

SZ Drinking Champion
Joined
Oct 27, 2003
Messages
16,222
Location
Vanarama National League (Loan)
Very grim reading. How any accountant can look at those figures and declare us as a "going concern" is beyond me.

Anyhow, forget that for a moment.....all eyes on tonight.
 

Jcd

Youth Team
Joined
Dec 1, 2013
Messages
475
Location
Leigh-on-sea
I would think next years accounts will be more interesting reading, what with the sponsorship changeover & the purchase of the dome. Though looking at these numbers one I would be surprised if it were actually purchased by SUFC Ltd.
 

Jam_Man

Life President
Joined
Apr 7, 2005
Messages
25,545
Location
Southend
Very grim reading. How any accountant can look at those figures and declare us as a "going concern" is beyond me.

Anyhow, forget that for a moment.....all eyes on tonight.

Same for most clubs sadly.

Anyway, where is Rayleigh Boy, once he points out we were given 5 million pounds from Sainsbury things will look much better.
 

Firestorm

Pedant
Joined
Oct 25, 2003
Messages
15,211
Location
Immersed in the accounts
So Bottom line

just enough coming in through the doors to cover wages. we have to borrow from the parent company to cover the other costs of running the club.

no real change to previous years other than the parent company seems to be able to lend a bit more this season.
And I can't see any improvement for 2014-2015 accounts

If we don't want to be reliant on RM we need another 3k on the gate for next season (if they are all paying full price) and no increase in wages,

Every 100 pound a week extra we pay the players will need about 10 additional adults for every match to cover it.

As for going concern, someone has put up a good enough case that they can cover the costs and , to be honest, they have succeeded so far (albeit with the odd stutter)
 

chapperzUK

Guest
So Bottom line

just enough coming in through the doors to cover wages. we have to borrow from the parent company to cover the other costs of running the club.

no real change to previous years other than the parent company seems to be able to lend a bit more this season.
And I can't see any improvement for 2014-2015 accounts

If we don't want to be reliant on RM we need another 3k on the gate for next season (if they are all paying full price) and no increase in wages,

Every 100 pound a week extra we pay the players will need about 10 additional adults for every match to cover it.

As for going concern, someone has put up a good enough case that they can cover the costs and , to be honest, they have succeeded so far (albeit with the odd stutter)

Would be interesting to see how much goes through for the MD sponsorship though.
 

Yorkshire Blue

Super Moderator⭐
Staff member
Joined
Oct 27, 2003
Messages
35,958
Location
London
Who did we sell to make £700,000 in player trading in 2013?

Ryan Cresswell plus instalments from selling Hall and Ferdinand in 12/13.

The more important question is what income are we going to get to plug the shortfall in subsequent years? 12/13 we had the JPT run. We'll get 50% of the net gate receipts for tonight, but that will just plug the hole in the accounts caused by falling to go as far as we'd budgeted for in the cup.

This is why it is so important that we have a manager who can sign and develop young talent to sell.
 
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