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24/25 Accounts
Views: 1160
Loss of about 1.3m
https://find-and-update.company-information.service.gov.uk/company/02901467/filing-history
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Cardiff
Views: 624
https://www.bbc.co.uk/sport/football/articles/crrxezv4wg4o
Meanwhile in the wild west Inc having a wage bill higher than the turnover.
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Re: 24/25 Accounts
Views: 1096
That's over £2m for the last two years.
Right, that's it, tighten out belts next season and prepare for a scrap at the bottom. Can't be sustaining such high losses.
Says we owe £1.1m to the directors, so whilst they're funding the losses, they're not writing them off just yet. Hopefully the Doherty money helps clear some of that.
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Re: 24/25 Accounts
Views: 838
How would the 'loss' of Lamex as stadium sponsor impact that? Would it affect us in one go or across a sponsorship period?
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Re: 24/25 Accounts
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If it was a multi year deal then it would be recognised over the period even if paid up front. Eg. If we got £500,000 for a 5 year deal then they'd recognise £100,000 each year in the P&L, so if that stopped it would only be a hit of 100k compared to the previous period.
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Re: 24/25 Accounts
Views: 715
On the naming sponsorship looks like we may now not get a new one now this season.
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Re: 24/25 Accounts
Views: 732
Should just call it the Alex Revell Stadium for the duration of his FIVE-YEAR CONTRACT
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1 person
Re: 24/25 Accounts
Views: 715
Heard worse like renaming Twickenham the Allianz.
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Re: 24/25 Accounts
Views: 923
Yep more losses but peanuts in comparison to most other.Hatdly any club in EFL must break even.Re the PL even with the creative accountancy massive losses.
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Re: 24/25 Accounts
Views: 1031
At the bottom of the Champ, right?
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Re: 24/25 Accounts
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I almost put unless we get promoted but then thought we would still be on the same position of being at the bottom and making losses so just left it as either way!
Would love to get a season in the Championship before we go bust. 🤣
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Re: 24/25 Accounts
Views: 673
Honestly IF we went up (that 'if' is doing some heavy lifting) I'd just say we make very few changes to the squad, keep salaries as low as possible, get a raft of loaners in, and accept we'll finish rock bottom and go straight back down.
The revenues and then parachute payment once we're back in League 1 would put us in a great financial position, maybe even breaking even, then we can start building properly to fit this level rather than simply punching up on meagre resources.
There we go, I've solved it all for us haha
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Re: 24/25 Accounts
Views: 490
Largely agree, but know that our players would do their best to compete
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Re: 24/25 Accounts
Views: 649
Is there a parachute payment between EFL leagues ? definitely there is between PL and Championship for at least 2 seasons hence the advantages Luton have
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Re: 24/25 Accounts
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Good question, I'm not entirely sure. I'd assumed there was but I'm sure someone on here can settle it.
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Re: 24/25 Accounts
Views: 629
Well there we go then, that's us sorted. Now just the tiny detail of getting promoted haha
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Re: 24/25 Accounts
Views: 971
Was this loss not covered of with the new purchase by PW of the 45000 shares announced in December?
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Re: 24/25 Accounts
Views: 944
Yes I had forgotten about that being after the accounts year, so is probably the reason and converted the debt to equity.
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Re: 24/25 Accounts
Views: 907
Glad you mentioned last point and I thought the debt must be a loan account not the shares purchased unless converted as you described.
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Re: 24/25 Accounts
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Welcome to AccountantChat
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Re: 24/25 Accounts
Views: 888
You should have seen our WhatsApp group chat earlier with four of us who work in finance all discussing the accounts 🤣
Catie described it/us as "fucking boring".
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1 person
Re: 24/25 Accounts
Views: 826
Well I'm enthralled by all this chat...more please
Maybe I need to get out more.
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1 person
Re: 24/25 Accounts
Views: 851
Wait till we publish full, rather than abbreviated ones.... you'll all be interweb memes covered in more white stuff than a painter's radio
Edited by BALDOCKBORO at 19:26:15 on 20th February 2026
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Re: 24/25 Accounts
Views: 786
Can't be that far off the threshold now.
What is it, £15m turnover?
Once we are in the Championship...
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Re: 24/25 Accounts
Views: 755
They're meant to be changing the rules in the next year or so, meaning all companies regardless of size will have to publish a profit and loss statement so we may not have to wait too long.
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Re: 24/25 Accounts
Views: 891
We're still fighting for this solvency. They've got to go to PWC and get something.
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1 person
Re: 24/25 Accounts
Views: 909
Yep bloody boring I agree.Promise no more from me on this.
PS Hericy I am not an Accountant, we are on opposing sides .
Edited by HITCHIN CALLING at 16:34:24 on 20th February 2026
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