2021 Accounts filed so far

Discussion in 'Bulletin Board' started by Red Rain, Feb 22, 2022.

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  1. Red

    Red Rain Well-Known Member

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    Barnsley is not due to file their accounts at Companies House until the beginning of March, but 3 clubs have filed early. They are

    Bristol City - lost £34.8m after profits on sale of players amounting to £6.2m
    Millwall - lost 13.0m after profits on sale of players amounting to £0.7m
    QPR - profit of £45k after profits on sale of players amounting to £17.6m
     
    Last edited: Feb 23, 2022
    Red Rain, Feb 22, 2022
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  2. Redhelen

    Redhelen Well-Known Member

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    Well done QPR!
     
    Redhelen, Feb 22, 2022
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  3. dreamboy3000

    dreamboy3000 Well-Known Member

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    Yeah well done QPR. Any profit in the most recent accounts is a win after two stinker years.
     
    dreamboy3000, Feb 22, 2022
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  4. RC_

    RC_tyke Well-Known Member

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    The sale of Eze worked well for QPR then.

    I’ll be honest, I’m still shocked that they’re in profit.
     
    RC_tyke, Feb 22, 2022
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  5. Terry Nutkins

    Terry Nutkins Well-Known Member

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    Well done QPR for finally getting their shiz in order after 20 years of manic spending.

    Well done indeed.
     
    Terry Nutkins, Feb 22, 2022
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  6. Exi

    Exile Well-Known Member

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    Not so fast!

    QPR's £45k surplus after £17.6m player trading profits is precarious to say the least given that the latter masks a £17m operating loss in which their payroll costs increased by c. 25% and stood at nearly 200% of revenue on their own!

    Moreover, QPR Football Club's accounts are somewhat illusory - they are part of something called QPR Holdings Limited which looks (if I'm being cynical/honest!) to primarily be a vehicle for some of QPR Football's Clubs costs to be apportioned to, eg stadium, academy, training facilities.

    QPR Holdings Limited made a loss of £4.5m, taking their cumulative losses to an eye-watering £308m!!!
     
    Exile, Feb 22, 2022
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  7. lk3

    lk311 Well-Known Member

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    Duplicate post
     
    Last edited: Feb 22, 2022
    lk311, Feb 22, 2022
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  8. Austiniho

    Austiniho Well-Known Member

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    Have the Wendies submitted 2019 yet?
     
    Austiniho, Feb 22, 2022
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  9. Terry Nutkins

    Terry Nutkins Well-Known Member

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    Ok - scratch that.

    QPR still up to no good.
     
    Terry Nutkins, Feb 22, 2022
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  10. Arc

    Archerfield Well-Known Member

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    Our opponents tonight, Hull City, have also filed accounts for 2021. They show a loss of £8.2m despite a profit of £2.9m on player sales.
     
    Archerfield, Feb 22, 2022
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  11. lk3

    lk311 Well-Known Member

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    Wonder if some of the improvement is a knock on effect from Jan 19 where they were put under a transfer emabargo which including limiting who they could sign also capped any wages for those signees at just over £11k a week.
     
    lk311, Feb 22, 2022
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  12. ley

    leythtyke Well-Known Member

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    That was their season after relegation wasn't it?

    A little taster of what we have in store next season. We're going to have to halve the wage bill and bring a chunk of transfer fees in. Not sure how likely either of those are going to be.
     
    leythtyke, Feb 22, 2022
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  13. Arc

    Archerfield Well-Known Member

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    That was for Hull's title winning year in league one after their relegation.

    Turnover fell from £15.1m to £6.9 but the bulk of that was the reduction in central distribution payments. Matchday down £2m but central distribution down £5m.

    Wages fell dramatically too though down from £17.8m to £8.4m.

    Alam had around £40m owing to him at the end of the year.
     
    Archerfield, Feb 22, 2022
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  14. Red

    Red Rain Well-Known Member

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    Can you see any reference to the dispute with Barnsley recorded in the Hull City Accounts. I have looked but I see no mention of the dispute, or the resolution thereof. Of course, the Accounts would have been completed before the dispute was resolved, and it could have been thought that the net effect (£650k in their case) was not sufficient to require any late change to their accounts. I believe that the effect on the Barnsley FC accounts does warrant a late change though. Thoughts?
     
    Red Rain, Feb 22, 2022
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  15. Arc

    Archerfield Well-Known Member

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    I had a quick look over and I didn't see any reference to the dispute with BFC. The rent of the ground for £1.1m did standout along with the debt and the £2m annual interest payments
     
    Archerfield, Feb 22, 2022
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  16. Red

    Red Rain Well-Known Member

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    Red Rain, Feb 22, 2022
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  17. Red

    Red Rain Well-Known Member

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    I have worked my way through the accounts now, and I notice that the Trade Creditor arising from Player Transfers figure was £600k in 2020. If the resolution of the dispute had not been recognised, I presume this would be at least the £400k owed to Barnsley. However, it stands at zero, so I presume that the resolution of the dispute has been recognised, even if it has not been referred to specifically.
     
    Red Rain, Feb 22, 2022
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  18. MDG

    MDG Well-Known Member

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    Surely Brizzle City must be flying close to the wind in terms of FFP?
     
    MDG, Feb 22, 2022
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  19. Dalestykes

    Dalestykes Well-Known Member

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    QPR. 3rd richest owners in the entire history of English football. sounds familiar.
     
    Dalestykes, Feb 22, 2022
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  20. Arc

    Archerfield Well-Known Member

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    Today Preston filed their accounts for the year to 30 June 2021. Main highlights of a club we are often compared with were:

    Turnover of £11.9m down marginally form the previous year of £12.6m
    Player salaries £21.3m up from the prior year of £18.3m
    Gain on player transfers £0.7m down form the previous year of £7m
    Operating loss up to £15.2m from the prior year of £7.7m.

    Loses of £23m in two years and an overall contribution from the owners of £55.7m, post year end they chucked in a further £8.5m.

    Comparing us and Preston is not comparing anything like for like.
     
    Last edited: Feb 23, 2022
    Archerfield, Feb 23, 2022
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