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FORUMS > Hull FC > FC publish accounts 5 months before filing deadline
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..another profit - £77k icon_biggrin.gif

Creditors £1.7m, but offsetting this £0.4m cash at bank icon_eek.gif .

Net liabilities (excluding player valuations) only £106k now - 5 years ago net liabilities on this basis were £1.2m.

Great result to turn in a profit in a year where we were pants on the field. And good work filing the accounts so early. icon_thumb.gif

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What are the reasons/benefits for filing 5 months in advance?

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:d7dc4b20b2c2dd7b76ac6eac29d5604e_7078.jpg



Possibly the only club in the sport to be profit making. A fine achievement by the board. They have been much maligned at times but deserve the plaudits here.

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Quote: Cardiff_05 "What are the reasons/benefits for filing 5 months in advance?'"


Allows them to show off about being SL's only profitable club right now.
Rule said it would "reassure" fans about our club's stability in these financially uncertain times I think
Filing early and profitable accounts improves your independent credit score as well
icon_wink.gif

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how much profit did rovers make?

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Quote: arliebird "how much profit did rovers make?'"


Given their form on filing (they've missed the deadline with Companies House for the last 5 years running), it will be a while before we know for sure. But Hudgell's on the record as saying it was a loss in the region of £450,000.

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I don't see it as a job. It is a passion and love that we all share. Neil Hudgell:30566.jpg



Quote: arliebird "how much profit did rovers make?'"


That didn't take long lol

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your on the board m8 you troll

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[i:10za56ci]Hold on to me baby, his bony hands will do you no harm It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg

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Quote: arliebird "your on the board m8 you troll'"

On the other hand, this is a thread about our finances, not Rovers. You brought them into it so I'd say a Rovers fan has every right to comment.

Please stay on topic. If you want to talk about Rovers' financial situation, do it on their board.

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having a laugh thought id asked it before some else does

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Only 77k? Well I'm disappointed eusa_snooty.gif icon_biggrin.gif

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Wonder how much under the salary cap we were. presume it would have been a loss if crocker had come over

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Quote: Jake the Peg "Wonder how much under the salary cap we were. presume it would have been a loss if crocker had come over'"


Not necessarily. We brought in Tansey and paid £30k release plus part salary for him, plus Cordoba, and decided to bring Lauaki in when it looked like Crocker was having visa issues. Can't really say what we would have done on these if Crocker had come.

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when you think of last season and the problems we had that trading account profit is bigger that I expected. As was hinted in The Mail today in June when everyone elss (except of course the dobbins who are above all those sort of things) have posted their accounts we will be the only people who have made a profit. Bradford being the club with the smallest deficit is the rumour over in the west riding!

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[b:16wvcohs]"To play your best football you need players with enthusiasm and drive and energy." - [i:16wvcohs]Peter Sterling[/i:16wvcohs][/b:16wvcohs] [quote="Adam Pearson said not":16wvcohs][b:16wvcohs]I know there are two franchises and two clubs (in Hull) and that will remain forever more[/b:16wvcohs][/quote:16wvcohs]:d7dc4b20b2c2dd7b76ac6eac29d5604e_12839.png



Excellent news. eusa_clap.gif

67 posts in 5 pages 
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