View from the Dolman Posted January 10, 2017 Report Share Posted January 10, 2017 Accounts for y/e 31 May 2016: Bristol City Holdings Limited: https://beta.companieshouse.gov.uk/company/01501663/filing-history/MzE2NTI4OTYxNWFkaXF6a2N4/document?format=pdf&download=0 Bristol City Football Club Limited: https://beta.companieshouse.gov.uk/company/03230871/filing-history/MzE2NTI4OTYxNGFkaXF6a2N4/document?format=pdf&download=0 Ashton Gate Limited: https://beta.companieshouse.gov.uk/company/05450440/filing-history/MzE2NTI4OTcwOWFkaXF6a2N4/document?format=pdf&download=0 Link to comment Share on other sites More sharing options...
Coppello Posted January 10, 2017 Report Share Posted January 10, 2017 Looking just at the holding company, here are some highlights: - Turnover doubled when compared to the 2015 period increasing from £7.7m to £14.2m. - Employee costs have increased significantly, rising from £11.0m to £17.4m. - The profit from player sales was only £81k when compared to £1.4m the year before. However, as the results are only until May 2016 this will not include the likes of Kodjia, Bolasie, Ayling and Agard's transfer fees. - This resulted in an overall loss of £14.8m vs £10.1m in 2015. - Oh and we spent around £27m on the stadium during that period. Link to comment Share on other sites More sharing options...
Bristol Rob Posted January 10, 2017 Report Share Posted January 10, 2017 So is this a story of doom or a positive one? Link to comment Share on other sites More sharing options...
Big Red Rich Posted January 10, 2017 Report Share Posted January 10, 2017 25 minutes ago, Bristol Rob said: So is this a story of doom or a positive one? Depends on whether we beat Cardiff or not... Link to comment Share on other sites More sharing options...
BobBobSuperBob Posted January 10, 2017 Report Share Posted January 10, 2017 41 minutes ago, Coppello said: Looking just at the holding company, here are some highlights: - Turnover doubled when compared to the 2015 period increasing from £7.7m to £14.2m. - Employee costs have increased significantly, rising from £11.0m to £17.4m. - The profit from player sales was only £81k when compared to £1.4m the year before. However, as the results are only until May 2016 this will not include the likes of Kodjia, Bolasie, Ayling and Agard's transfer fees. - This resulted in an overall loss of £14.8m vs £10.1m in 2015. - Oh and we spent around £27m on the stadium during that period. It's ok though SL has stuck it on a credit card One of those offers , Zero % interest for 12 months ....blah blah blah Link to comment Share on other sites More sharing options...
Clevedon Red Posted January 10, 2017 Report Share Posted January 10, 2017 All 3 companies made losses. Good job SL has a smidge of cash behind him. Link to comment Share on other sites More sharing options...
Dastardly and Muttley Posted January 10, 2017 Report Share Posted January 10, 2017 So, am I being stupid, but this looks like a positive picture? We lost £25.9m over two years, but spent £27m on the stadium which won't be an expenditure now, other than running costs and increased staffing. Therefore, if income stays the same, we could turn a profit or break even as the £27m expenditure is gone and income will rise due to higher gates and more use of the ground throughout the week. Link to comment Share on other sites More sharing options...
reddoh Posted January 10, 2017 Report Share Posted January 10, 2017 10 minutes ago, Dastardly and Muttley said: So, am I being stupid, but this looks like a positive picture? We lost £25.9m over two years, but spent £27m on the stadium which won't be an expenditure now, other than running costs and increased staffing. Therefore, if income stays the same, we could turn a profit or break even as the £27m expenditure is gone and income will rise due to higher gates and more use of the ground throughout the week. if you run a company you don't want to make a profit it costs you tax , how ever you don't want to make a huge lose , unless you really know what you are doing. Link to comment Share on other sites More sharing options...
BobBobSuperBob Posted January 10, 2017 Report Share Posted January 10, 2017 13 minutes ago, Dastardly and Muttley said: So, am I being stupid, but this looks like a positive picture? We lost £25.9m over two years, but spent £27m on the stadium which won't be an expenditure now, other than running costs and increased staffing. Therefore, if income stays the same, we could turn a profit or break even as the £27m expenditure is gone and income will rise due to higher gates and more use of the ground throughout the week. Isn't the stadium cost on top of the £25.9m losses ? otherwise, in essence the new stadium only cost Steve £1.1m ! Link to comment Share on other sites More sharing options...
Dastardly and Muttley Posted January 10, 2017 Report Share Posted January 10, 2017 10 minutes ago, BobBobSuperBob said: Isn't the stadium cost on top of the £25.9m losses ? otherwise, in essence the new stadium only cost Steve £1.1m ! Probably. Just read the words "overall loss" and assumed it included everything. As I said, probably me being stupid. Link to comment Share on other sites More sharing options...
BobBobSuperBob Posted January 10, 2017 Report Share Posted January 10, 2017 14 minutes ago, Dastardly and Muttley said: Probably. Just read the words "overall loss" and assumed it included everything. As I said, probably me being stupid. Or me !! Somebody will clarify for us non-accountants !!! Link to comment Share on other sites More sharing options...
Bristol Rob Posted January 10, 2017 Report Share Posted January 10, 2017 26 minutes ago, reddoh said: if you run a company you don't want to make a profit it costs you tax , how ever you don't want to make a huge lose , unless you really know what you are doing. I think you DO want to make a profit. Isn't that a basic of being 'in business?' Then you work out how to AVOID paying tax! #StarbucksAmazonAppleFacebook Link to comment Share on other sites More sharing options...
reddoh Posted January 10, 2017 Report Share Posted January 10, 2017 3 minutes ago, Bristol Rob said: I think you DO want to make a profit. Isn't that a basic of being 'in business?' Then you work out how to AVOID paying tax! #StarbucksAmazonAppleFacebook ask them, i am still trying too work it out Link to comment Share on other sites More sharing options...
Bar BS3 Posted January 10, 2017 Report Share Posted January 10, 2017 4 minutes ago, Bristol Rob said: I think you DO want to make a profit. Isn't that a basic of being 'in business?' Then you work out how to AVOID paying tax! #StarbucksAmazonAppleFacebook The best way to avoid tax is by filing the worst possible (legally) set of accounts you can. Link to comment Share on other sites More sharing options...
Guest Posted January 10, 2017 Report Share Posted January 10, 2017 24 minutes ago, Bar BS3 said: The best way to avoid tax is by filing the worst possible (legally) set of accounts you can. Not really, the starting point for calculating taxes is profits per the account but then you add back to that all non-tax allowable expenditure, so profit per the accounts and profit for tax purposes are two different things. Link to comment Share on other sites More sharing options...
Coppello Posted January 10, 2017 Report Share Posted January 10, 2017 1 hour ago, Dastardly and Muttley said: So, am I being stupid, but this looks like a positive picture? We lost £25.9m over two years, but spent £27m on the stadium which won't be an expenditure now, other than running costs and increased staffing. Therefore, if income stays the same, we could turn a profit or break even as the £27m expenditure is gone and income will rise due to higher gates and more use of the ground throughout the week. Not exactly. The construction of the stadium does not contribute to the losses during the period as it is a capital purchase. This means that it stays clear of the profit calculation while the asset is being constructed and therefore the £25.9m is not inclusive of the construction costs. Going forward the loss will actually be increased as a result of the depreciation charged on the stadium (but that's a different story for a different day). However, the benefits of having the new stadium such as increased revenue should far outstrip the additional depreciation. Link to comment Share on other sites More sharing options...
Bristol Rob Posted January 10, 2017 Report Share Posted January 10, 2017 I'm concerned my 2 month #DMS boycott has crippled the club financially. It wasn't my fault. Honest. Link to comment Share on other sites More sharing options...
reddoh Posted January 10, 2017 Report Share Posted January 10, 2017 Rob go for a fag. smile cant find things :-) Link to comment Share on other sites More sharing options...
CribbsRed Posted January 11, 2017 Report Share Posted January 11, 2017 Note 26 in the Holdings accounts makes reference to the net proceeds from this summers transfer activities and the Bolasie sell on fee. Link to comment Share on other sites More sharing options...
JasonM88 Posted January 11, 2017 Report Share Posted January 11, 2017 my question is why the hell are we borrowing 46 million pound from a bank? Link to comment Share on other sites More sharing options...
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