Annual accounts

[Rattus Norvegicus]

Was anyone expecting any different here.

There have been so many ups, lefts, forwards, rights, backwards & downs over recent times that I'm not too sure what to expect at times. [shoulder shrug]

I will look forward to the club article and especially news about progress since the change in ownership & cutting into that annual deficit.

 

[Supershrimper]

What’s the sales league income? That’s taken quite a haircut.

Is that not just normal match day tickets?

 

[Jai]

I seem to remember there was a large number of historic creditors that had to be paid. I suspect we will see an even higher loss next year as loads have been coming out of the woodwork since the takeover. Ron knocked so many people and businesses over the course of a quarter of a century...

 

[WestyReturns]

They won't give a true reflection of how the finances are now....however they do give a clue how bad things were under the previous scum ownership.

 

[Thundersley Blue]

I seem to remember there was a large number of historic creditors that had to be paid. I suspect we will see an even higher loss next year as loads have been coming out of the woodwork since the takeover. Ron knocked so many people and businesses over the course of a quarter of a century...

Plus of course the amount of money that has been spent on repairs to Roots Hall.

 

[CaptainSmudger]

Old news, waste of space on the forum. That’s my opinion and I am entitled to it!

 

[Westcliff Shrimper]

What’s the sales league income? That’s taken quite a haircut.

As @Supershrimper says above, I assume too that this is non-season ticket match ticket sales. Remember this was 2023/24 season where a lot of people boycotted the games as part of the Martin Out campaign that weren't already season ticket holders. Would suggest with the crowds we've been experiencing, sales for both season tickets and matchday tickets would increase as would food and drink etc.

Shop Royalties income should increase - especially if the range of things to purchase does increase as per the latest CEO Update at the Civic Centre.

 

[Evening Echo]

A FINANCIAL report has revealed the Blues reported a pre-tax loss of £2.65million for the year to the end of July 2024

Read more on this story


Help with Echo links

 

[Its Only A Game]

I seem to remember there was a large number of historic creditors that had to be paid. I suspect we will see an even higher loss next year as loads have been coming out of the woodwork since the takeover. Ron knocked so many people and businesses over the course of a quarter of a century...

In theory though, if these were known about before the accounts were signed off, then a provision should have already been made in these accounts for them.

 

[SHRIMPERR]

Does anyone know the league average for loss for the financial year?

 

[Thundersley Blue]

Does anyone know the league average for loss for the financial year?

Would say if you have concerns then read the report which is on the Club Website, plus comments from Justin. There is a forecast for the current financial year, which shows things like the cost of the new training ground for example. Yes a loss is forecast, but you need to weigh that against expenditure. Significant amounts are one off payments. I am more than satisfied that the Club is in very safe hands.