Breaking News Club Accounts/AGM

[Maldon Shrimper]

Just received details of the accounts from the club to be discussed on the 27th April at the Civic Centre.Anyone that understands balance sheets your comments and views would be appreciated

 

[Firestorm]

The latest accounts were discussed when they came ut in the middle of last year, so there should be some comments in Finance Forum.

That is unless years of same old same old has driven everyone into Apathy

 

[MK Shrimper]

Another year in debt. Not much else to discuss.

 

[Its Only A Game]

I was reading these accounts last night and can't believe the RM out gang aren't all over these accounts.

As far as I can see the 2016 accounts haven't been ripped apart on here yet.

Thought people would have something to say on the related party notes and the statement that planning should be submitted "next month". As these were signed off in March that effectively says planning will be submitted in April....24 days and counting......

 

[JimSBeam]

Same as normal? 15/16 million in debt and about 6/7 million is Sainsburys? (Charge order)

 

[THE SEVENTIES NORTH BANK]

I was reading these accounts last night and can't believe the RM out gang aren't all over these accounts.

As far as I can see the 2016 accounts haven't been ripped apart on here yet.

Thought people would have something to say on the related party notes and the statement that planning should be submitted "next month". As these were signed off in March that effectively says planning will be submitted in April....24 days and counting......

We all know Southend are heavily in debt. But we also know that Ron Martin keeps the club ticking over somehow by hook or by crook, some of it we are probably best not knowing. RM has managed to build a very good squad with the Manager. The Stadium planning thing we all ignore as it's usually missed, objected to, changed in some way, or falls flat due to the economic climate. So when it happens, it happens.

 

[Firestorm]

http://www.shrimperzone.com/vb/showthread.php?90479-Accounts

Just 14 posts...

 

[Its Only A Game]

http://www.shrimperzone.com/vb/showthread.php?90479-Accounts

Just 14 posts...

That thread was for the 2015 accounts. Haven't got them with me but I'm sure it was the July 2016 accounts I was looking at last night.

 

[Massimo Giovanni]

That thread was for the 2015 accounts. Haven't got them with me but I'm sure it was the July 2016 accounts I was looking at last night.

Both year accounts are in the booklet.
Revenues are up, expenditures are up, debt is increased too.
As RM is keeping afloat and moving in the right direction what more is there?

Unless someone has £30+ million to invest?

 

[MK Shrimper]

Both year accounts are in the booklet.
Revenues are up, expenditures are up, debt is increased too.
As RM is keeping afloat and moving in the right direction what more is there?

Unless someone has £30+ million to invest?

Some shizzle about a fantasy land stadium called "Fossetts"?

 

[danburyshrimper]

REMEMBER : It could be worse, we could be where Orient are ( arguably a bigger club than us ) :omg::omg::omg::omg::omg:

 

[Firestorm]

That thread was for the 2015 accounts. Haven't got them with me but I'm sure it was the July 2016 accounts I was looking at last night.

The Account published in July 2016 were to 31/7/15 given that our submissions have rarely been on time I would doubt that the 2016 accounts have been published yet

 

[Firestorm]

Both year accounts are in the booklet.
Revenues are up, expenditures are up, debt is increased too.
As RM is keeping afloat and moving in the right direction what more is there?

Unless someone has £30+ million to invest?

According to Companies house

Last Accounts Made Up To: 31/08/2015 (TOTAL EXEMPTION FULL)
Next Accounts Due: 31/05/2017


So if these are the unpublished accounts , is there any chance of an analysis (or a scan copy :winking:)

They may be the unadited accounts, but I very much doubt itThanks

 

[weststander]

The accounts are for the year ended 31 July 2016

 

[weststander]

They show Turnover at £5.4million up from £3.5 million, Gross Profit £595,862 but an operating loss of £1.27million (£1.4m after tax) after taking into account Administration expenses of £1.9 million.

Total debt looks to be £15.7m

Income shows a profit on Player trading of £1.4m, Season Tickets £669k and Gate receipts of a fraction over £1m.

Wages & Salaries were £3.67m up from £2.99m. Playing staff & coaches numbered 85 down from 93. Total empoyees (inc players etc.) 129 down from 137.

Interestingly during the year SEL invoiced the club for £835,074 in relation to building of the new stadium.

 

[Jai]

REMEMBER : It could be worse, we could be where Orient are ( arguably a bigger club than us ) :omg::omg::omg::omg::omg:

They are in a dire predicament but there's no way Orient are a bigger club than us.

 

[Mad Cyril]

I am a new shareholder.

Can anyone tell me what the buffet is like at the AGM? I might pop along for a couple of party eggs and a sausage roll or two.

 

[Mad Cyril]

BTW - Can anyone tell me how many SUFC shares there are out there?

I hold 450 shares and want to know how much of the club I own.

 

[Maldon Shrimper]

I am a new shareholder.

Can anyone tell me what the buffet is like at the AGM? I might pop along for a couple of party eggs and a sausage roll or two.

just nibbles nothing to fancy as I recall

 

[Mad Cyril]

just nibbles nothing to fancy as I recall

Actually these are shares my uncle purchased in the 70's when he was involved with the club.

As such I think I am entitled to more than just nibbles.