Last years accounts have been submitted to companies house.

Makes interesting reading.

Interesting in what way?

I would like to know too.

Having had a look they seem much healthier, or am I reading it wrong?

Looks a decent profit unless I’ve read it wrong.

The 'writing off of loans' assisted the picture in no small way.

just from a quick glance, we've gained a tangible asset worth over 14 million pounds. We've also got half a million in the bank, which is a big change. Compared to the year before, the club seems to be in a far better place. We've got 19% more money coming in just from the general turnover of the business from 2022.
Interesting that a director's loan was written off worth in the exceptional items on the 30th of November when the club was taken over worth over 1.23 million, wonder if that was MC?
We've also recently added a new director called Mr Craig Steven Barass.

Crag Brass is shown as the CEO on LinkedIn

I read that it states that his occupation is a CEO, but thought that was maybe for his day job because underneath it states
Also on companies house it says this-

It is quite regular in most businesses for the CEO to be a director

So a question now the accounts are out.

Does this signify any improvement on our pre ious finance score?

Just for a start;

Page 17 of the clubs accounts details for 22 - £3,895,700 turnover, £1,723,208 of which was from centralised funding, this puts us at £2,172,294 non centralised turnover which under IMG scoring (without going back the 3 years as I can`t actually see the previous accounts) would give us a score of 1.5 under IMG criteria (Page 21 of the IMG handbook for anyone that wants to have a look).

In the latest year of accounting our non centralised funding is at £3,083,854, so for the last 2 years we have an average non centralised turnover of £2,628,074, now the sticking point is because I cannot see, I`m not sure what the non-centralised funding worked out at for the year previous - If this is circa £2.3 million (just over 2022) then we will score the full 2.25 points which is +0.75 points to our score.

Now the % of non centralised funding (page 22 of the IMG handbook) is also averaged over a 3 year period, our % in last years account was 55.7%, if this was an avg we would scored 0.3 out of a maximum 0.7. This year as a % is 66%, which gives us an average of circa 61%, we need 70% to score 0.75 which is +0.45 on our current score - This would be more difficult as our previous year would have had to have been at 88%, which is unlikely but definitely one to target for the year after.

Depending on the answer to the first point relating to the accounts year previous, we will likely be over the 15 mark for a grade A licence.

The other aspects on finances are balance sheet strength and profit, both of which we won`t see a change on.

Final one, owner investment, I can`t quite work out what would be included as owner investment from the accounts, but looking at what is going on at the club, there is every chance that this could score us an extra 0.25 points as well.

I don't understand accounts, but would I be correct in thinking that turnover has increased significantly due to sponsorship from DIY Kitchens? And that owner investment would be separate from that?

Turnover is up due to merchandise sales, ticket sales, business activities at the stadium and, no doubt, sponsorships.

A rosy picture which will only get better next year too.