| FORUMS > Hull FC > Can't believe I missed this - FC's Accounts to October 2008 |
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| Player Coach | 29797 | No
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| Jul 2005 | 19 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Filed on 27th June with Companies House - caught me out as they weren't due to be filed until the end of the month. 
Profit for the year: £185,190 (Will take into account Challenge Cup run, 14,000 shirts sold, less the Thackraygate fine)
Level of debt therefore reduces again, from £1.7m last year to £1.4m
Our total net worth (excluding player valuations) is now -£184k compared to -£1,166k 5 years previously, so basically the finances have improved by £1m over 5 years. Good work. |
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| Rank | Posts | Team |
| Player Coach | 1103 | No
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| Apr 2006 | 19 years | |
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| Aug 2018 | Jul 2017 | LINK |
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the original sandy, no aussie imitation!: |
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| maybe its just me being a bit thick here, but if you've made £185,190 in profit how have you shaved off £300,000 off the debt?  |
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| Rank | Posts | Team |
| Player Coach | 11614 | |
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| Aug 2005 | 19 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: sandy "maybe its just me being a bit thick here, but if you've made £185,190 in profit how have you shaved off £300,000 off the debt? ![]()
from the beginning of each financial year. thats how the profit is worked out, then take that off the overall debt
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| Rank | Posts | Team |
| Player Coach | 29797 | No
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| Jul 2005 | 19 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: sandy "maybe its just me being a bit thick here, but if you've made £185,190 in profit how have you shaved off £300,000 off the debt? ![]()
Other balance sheet item movements (cash, debtors etc).
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| Rank | Posts | Team |
| Player Coach | 70 | No
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| Apr 2006 | 19 years | |
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| Jan 2010 | Jan 1970 | LINK |
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You spin me right round Ruley, right round.:24185.jpg |
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| Quote: sandy "maybe its just me being a bit thick here, but if you've made £185,190 in profit how have you shaved off £300,000 off the debt? ![]()
By paying back the nice directors who had loaned us the money at no gain to themselves
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| Rank | Posts | Team |
| Player Coach | 1103 | No
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| Apr 2006 | 19 years | |
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| Aug 2018 | Jul 2017 | LINK |
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the original sandy, no aussie imitation!: |
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| Quote: Mrs Barista "Other balance sheet item movements (cash, debtors etc).'"
thankyou, I think that clears it up!
(a pointer for Mr No6, £1,700,000 - £185,000 does not equal £ 1,400,000 ) |
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| Rank | Posts | Team |
| Player Coach | 29797 | No
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| Jul 2005 | 19 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Nov 2024 | LINK |
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| Quote: Rules Media Circus "By paying back the nice directors who had loaned us the money at no gain to themselves'"
They do deserve a bonus based on financial performance - the only team to make a profit in 2008, according to Neil Hudgell anyway. I suggest they get a bonus based on our league position, might be a good incentive.  |
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| Rank | Posts | Team |
| Club Owner | 17282 | |
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| Mar 2004 | 21 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: Mrs Barista "Filed on 27th June with Companies House - caught me out as they weren't due to be filed until the end of the month. ![]()
its a good performance
but it does however show that a dip in crowds after a continued poor spell would hurt the finances.
to put it in very crude terms, £185k is 8,043 people paying the £23 maximum ticket price to go to games, or 670 people a home game. A dip in pass sales and crowds would cause them concern IMO.
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| Rank | Posts | Team |
| Club Owner | 22194 | |
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| Sep 2003 | 21 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: Mrs Barista "Filed on 27th June with Companies House - caught me out as they weren't due to be filed until the end of the month. ![]()
Cheers Mrs B. I'll take any good news at present.
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| Rank | Posts | Team |
| Player Coach | 780 | No
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| Aug 2008 | 16 years | |
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| Dec 2011 | Aug 2011 | LINK |
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The profit and debt figures aren't really linked. Debt is a balance sheet item, and profit comes from the P&L.
The bank account (cash) is on the balance sheet, so paying off the directors loan (which is also on the balance sheet) wont effect the profit in any way.
Fantastic figures non the less. Is that the forth straight profit year?
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| Rank | Posts | Team |
| Club Owner | 17898 | |
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| Oct 2003 | 21 years | |
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| Mar 2020 | Aug 2019 | LINK |
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7384_1394882426.png
[url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
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| Obsessed! |
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| Rank | Posts | Team |
| Player Coach | 2919 | No
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| Jan 2006 | 19 years | |
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| May 2013 | Sep 2012 | LINK |
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19862_1323383936.jpg
This is Poorhouse Lane. And this is Neil, the rovers supporter who leads an exciting double life. For when Neil sponsors RLFANS an amazing transformation occurs. [color=#80BF40:1y1okols]Neil is Cabbageman[/color:1y1okols]. Ever alert for the call no injury too small!
[url:1y1okols]http://www.urbandictionary.com/define.php?term=Cabbage%20Man[/url:1y1okols]:d7dc4b20b2c2dd7b76ac6eac29d5604e_19862.jpg |
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| Quote: UllFC "its a good performance
but it does however show that a dip in crowds after a continued poor spell would hurt the finances.
to put it in very crude terms, £185k is 8,043 people paying the £23 maximum ticket price to go to games, or 670 people a home game. A dip in pass sales and crowds would cause them concern IMO.'"
When we reach the threshold for our peppercorn rent though we only recieve half of this money so that would suggest the crowd figures would have to drop by double (1340 a home game paying full price tickets to have that effect) still not inconcievable though as you say and would be a worry if we continue to stuggle in the cup and not reaching the playoffs.We may be forced with developing a club fc 2011 though if this happens |
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| Rank | Posts | Team |
| Club Owner | 17282 | |
| Joined | Service | Reputation |
| Mar 2004 | 21 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Nov 2024 | LINK |
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| Quote: Forever FC "When we reach the threshold for our peppercorn rent though we only recieve half of this money so that would suggest the crowd figures would have to drop by double (1340 a home game paying full price tickets to have that effect) still not inconcievable though as you say and would be a worry if we continue to stuggle in the cup and not reaching the playoffs.We may be forced with developing a club fc 2011 though if this happens'"
I forgot about the KC deal, but as I say i did a very crude calculation. And I don't think its inconceivable we will lose 1340 people for next season, even the people who usually stick up for the club in everything they do are really mad at the moment. |
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| Quote: UllFC "I forgot about the KC deal, but as I say i did a very crude calculation. And I don't think its inconceivable we will lose 1340 people for next season, even the people who usually stick up for the club in everything they do are really mad at the moment.'"
Highlighted the key words for you. |
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| Rank | Posts | Team |
| Club Owner | 5264 | No
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| Joined | Service | Reputation |
| Aug 2003 | 21 years | |
| Online | Last Post | Last Page |
| Jan 2015 | May 2011 | LINK |
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[b:2wucr7ik]Twitter:[/b:2wucr7ik] @Established1865:6660.jpg |
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[/quote:pcftkvui]
[quote="Stan Butler":pcftkvui]And the next one to be TKO(H)'d....... 
[/quote:pcftkvui]
[quote="Rufus Robin":pcftkvui]we share the city with an admittedly bigger club[/quote:pcftkvui]
[b:pcftkvui]All Derby matches: Played 214; Hull won 106; Rovers won 98; Draw 10[/b:pcftkvui]:d7dc4b20b2c2dd7b76ac6eac29d5604e_29236.jpeg
