https://find-and-update.company-informa ... ng-history The accounts were filed today. Can anyone advise based on the information in the accounts how the club are performing.

https://find-and-update.company-informa ... ng-history The accounts were filed today. Can anyone advise based on the information in the accounts how the club are performing.

I'm no expert but looks like we owe a lot.

Very difficult to tell from just the abridged accounts but at first glance, we're in less net debt at November 2020 than we were in November 2019, so that's something I suppose.
We also appear to have a pretty healthy bank balance at 30/11/2020.
The £50k bank loan will almost certainly be a bounce back loan offered by the government at a very favourable rate of interest.

The real question is what's inside that 'other creditors' figure. Loans from directors/shareholders possibly? Whatever it is, the balance has dropped by about £160k from 2019 to 2020 which is probably a good thing.

Certainly looks healthier than last year

It's stabalzed which is something we haven"t seen for some time.

No financial implosion, recruitment underway, healthier bank balance playoffs confirmed… wow is this bulls I’m not used to this….

Yes I’m no expert on reading accounts but it seems that, whilst we still owe quite a lot out, we owe less than we did last year and we have liquid assets in the bank.

No doubt the new supporters scheme is helping balance the funding of the team too.

Looks like we had £10k in the bank this time last year. That must have been scary times.

PS - we’ve all noticed a lack of chatter on here recently but nothing gets the fingers warmed up quite like the bulls and financial accounts

Appears from Jan 2019 when Chalmers last filed the accounts we owed 1.426 million it's now down to 736k so heading on the right path.

the biggest positive is that we have filed them on time.