Latest accounts

Latest accounts

Postby BerlinWaller » Fri May 22, 2020 11:26 am

The club has published the latest accounts today.
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Re: Latest accounts

Postby marky No.1 » Fri May 22, 2020 4:38 pm

So the wages did increase by around £150K
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Re: Latest accounts

Postby Pandashrimp » Fri May 22, 2020 5:00 pm

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Re: Latest accounts

Postby HALMA 1983 » Fri May 22, 2020 9:08 pm

marky No.1 wrote:So the wages did increase by around £150K


The price of staying up!
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Re: Latest accounts

Postby marky No.1 » Fri May 22, 2020 10:36 pm

HALMA 1983 wrote:
marky No.1 wrote:So the wages did increase by around £150K


The price of staying up!


Yes i would certainly say the new lads Derek brought in saved our skins....

Walsall away was a real memory for me, seems in the distant past now
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Re: Latest accounts

Postby RapidShrimp » Fri May 22, 2020 10:54 pm

marky No.1 wrote:
HALMA 1983 wrote:
marky No.1 wrote:So the wages did increase by around £150K


The price of staying up!


Yes i would certainly say the new lads Derek brought in saved our skins....

Walsall away was a real memory for me, seems in the distant past now


I hate to break it, but you’re all wrong. These accounts are only up to 31st May 2019, months before Derek even contemplated the Morecambe job.

What this says to me is that Jim got a budget increase of £150K, despite him claiming his budget was decreasing year on year.

On another note, we received around £104K from player sales in the 2018/19 year, compared to nothing in the 2017/18 year - likely to be from Jason Oswell and Leif Davis among others, great bit of business by the lads there!

Also, the club made an overall loss of £566K (2018/19) compared to £452K in the previous financial year (2017/18). The fact that we got knocked-out at the earliest stage in every cup competition didn’t help this! And the increased playing budget is obviously a key component of this larger loss. It’ll be very interesting to see what budget Derek has had when we get this season’s accounts this time next year!

Edit: link removed
Last edited by RapidShrimp on Sat May 23, 2020 8:55 am, edited 1 time in total.
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Re: Latest accounts

Postby marky No.1 » Fri May 22, 2020 11:20 pm

Oh sh!t, yeah , lolol

Hate to break it to you, but that link doesnt work
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Re: Latest accounts

Postby Gone_Shrimping » Sat May 23, 2020 7:40 am

Presumably these accounts are pre the appointment of the new commercial manager.

Corporate Income down from £114k to £59k.
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Re: Latest accounts

Postby RapidShrimp » Sat May 23, 2020 8:54 am

marky No.1 wrote:Oh sh!t, yeah , lolol

Hate to break it to you, but that link doesnt work


That’s weird, it worked when I checked my message :o :?:

Here’s another try!!! https://beta.companieshouse.gov.uk/company/00224792/filing-history
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Re: Latest accounts

Postby marky No.1 » Sat May 23, 2020 8:56 am

RapidShrimp wrote:
marky No.1 wrote:Oh sh!t, yeah , lolol

Hate to break it to you, but that link doesnt work


That’s weird, it worked when I checked my message :o :?:

Here’s another try!!! https://beta.companieshouse.gov.uk/company/00224792/filing-history


Thats the one!
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Re: Latest accounts

Postby marky No.1 » Sat May 23, 2020 8:58 am

Gone_Shrimping wrote:Presumably these accounts are pre the appointment of the new commercial manager.

Corporate Income down from £114k to £59k.



Yes Martin really "ramped" it up this last 12 months, but obviously the last 3 months will be decimating and it is nowhere finished yet
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Re: Latest accounts

Postby BerlinWaller » Sat May 23, 2020 9:47 am

Proof of an increased playing budget? That can't be true, it doesn't fit the agenda. You will be telling us that 5g masts will turn us all in to liquid next!
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Re: Latest accounts

Postby marky No.1 » Sat May 23, 2020 10:02 am

Lol
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Re: Latest accounts

Postby redrobo » Sat May 23, 2020 11:25 am

The next set of accounts for the later part of 2019 and the early part of 2020 will show another increase in players wages I suspect due to the additional players brought in by DA.

Whilst there will be an increase (I suspect ) the benefit of a new manager bringing in his chosen ones has basically saved us from certain relegation.

Not a pleasant thought but had JB not jumped ship due to the owners not being prepared to offer him a renewed contract I dread to think of what the future may have held.
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Re: Latest accounts

Postby HALMA 1983 » Sat May 23, 2020 1:34 pm

redrobo wrote:The next set of accounts for the later part of 2019 and the early part of 2020 will show another increase in players wages I suspect due to the additional players brought in by DA.

Whilst there will be an increase (I suspect ) the benefit of a new manager bringing in his chosen ones has basically saved us from certain relegation.

Not a pleasant thought but had JB not jumped ship due to the owners not being prepared to offer him a renewed contract I dread to think of what the future may have held.


Everything worked out ok in the end, staying up was paramount and Derek achieved it,
Looking forward to seeing more of his good work over a full season, whenever that might be???
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Re: Latest accounts

Postby Posh » Mon May 25, 2020 9:57 am

BerlinWaller wrote:Proof of an increased playing budget? That can't be true, it doesn't fit the agenda. You will be telling us that 5g masts will turn us all in to liquid next!


Number of playing and management staff rose from 41 to 49, so average wage fell from £49k to £44k.

I'm assuming this is Ritchie Bennett, Aaron Collins, Piero Mingoia and the great battle for survival. Implies that budget was lower at the start and then grew as the season went on when we realised we just weren't good enough.

The drop in corporate income shows the strategy of bringing in people from outside, getting rid of them and then falling back on a poor replacement cost us about £60k.
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Re: Latest accounts

Postby redrobo » Mon May 25, 2020 7:28 pm

Thank goodness the current Commercial Manager is doing an excellent job.....and long may it continue.

:) :) :)
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Re: Latest accounts

Postby marky No.1 » Mon May 25, 2020 11:25 pm

redrobo wrote:Thank goodness the current Commercial Manager is doing an excellent job.....and long may it continue.

:) :) :)


Indeed and I would guess the next few weeks and months will be a real challenge
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