Latest Accounts / Wage Bill

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blades78

blades78

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Does anyone knows when the latest club accounts are due? Do we even publish them now the club is not on the stock market?

With all the talk of FFP and the lack of signings, I'm interested to see what our wage bill is. I would have thought crocks / back up players (Alcock, Wallace, Flo, Flynn, Scougall etc) are all on top money for League 1. I can't see us shedding their wages until the contracts run out.
 



I think FFP is not an issue in Division 3. Though that changes in Division 2 and any decisions the board take now may have a knock on effect.

Istm a bigger issue is the Prince viewing the club as a business with a plan on a budget rather than a delusional vanity project funded by a bottomless pit of money.
 
blades78 said:
Does anyone knows when the latest club accounts are due? Do we even publish them now the club is not on the stock market? QUOTE]

Yes. All limited companies have to publish their annual accounts, not just those quoted on a stock exchange. The accounts are available on-line from Companies House Webcheck for £1 - you need to create an account first - downloadable in pdf format. You can see which are the latest accounts before you commit to purchasing.

Hope this is helpful.
Click to expand...
 
blades78 said:
Does anyone knows when the latest club accounts are due? Do we even publish them now the club is not on the stock market?

With all the talk of FFP and the lack of signings, I'm interested to see what our wage bill is. I would have thought crocks / back up players (Alcock, Wallace, Flo, Flynn, Scougall etc) are all on top money for League 1. I can't see us shedding their wages until the contracts run out.
Click to expand...
I doubt many of those are on top money for L1. Flo and Flynn probably decent. Alcock might be on a fair whack because he turned down a contract at Posh, but I don't think they're big payers.
Scougall won't be on that much because they're paid very little in Scotland and I suspect Wallace is on a cheap deal because his legs are knackered and we knew it when he signed.

Collins will be on a good amount and I wonder about Coutts, did we get him cheap because of his injuries or have we been mugged off?
 
penthouseblade said:
What does istm mean please?!
Click to expand...

It seems to me.

There's a whole lexicon of internet abbreviations used on message boards about ten years ago. Some of them (still) really appeal to me.

Afaics - as far as I can see
Fwiw - for what it's worth

are a couple

Sometimes these evolved

imo - in my opinion
im(h)o - in my (humble - or honest) opinion
imhbco - in my humble but correct opinion

:-)
 
blades78 said:
Does anyone knows when the latest club accounts are due? Do we even publish them now the club is not on the stock market?

With all the talk of FFP and the lack of signings, I'm interested to see what our wage bill is. I would have thought crocks / back up players (Alcock, Wallace, Flo, Flynn, Scougall etc) are all on top money for League 1. I can't see us shedding their wages until the contracts run out.
Click to expand...


The last accounts didn't give a breakdown of wages between football and administrative costs, just a total overall.

The only other info are average monthly numbers of employees split between admin and football. Football was 98 employees.
 
Whatever happened to that Nice Jim Phipps bloke who was always keeping us updated?
 
FFP is here. From another recent thread. I think I used this link to start a thread a while ago in case that discussion is relevant.

Basically afaict the Benefactor Model means there are far fewer restrictions in Division 3 and 4, and if someone wants to throw money at the club they can. I think.

Edit: Wrong link. Can't sort it from my phone.
 
BushBlade said:
I doubt many of those are on top money for L1. Flo and Flynn probably decent. Alcock might be on a fair whack because he turned down a contract at Posh, but I don't think they're big payers.
Scougall won't be on that much because they're paid very little in Scotland and I suspect Wallace is on a cheap deal because his legs are knackered and we knew it when he signed.

Collins will be on a good amount and I wonder about Coutts, did we get him cheap because of his injuries or have we been mugged off?
Click to expand...

Didn't we buy Scougall for around £200k? I wouldnt be surprised if Scougall, Flynn, Alcock, Flo, Collins and Coutts would top alot of league 1 teams highest earners.
 
William Henry Foulkes said:
It seems to me.

There's a whole lexicon of internet abbreviations used on message boards about ten years ago. Some of them (still) really appeal to me.

Afaics - as far as I can see
Fwiw - for what it's worth

are a couple

Sometimes these evolved

imo - in my opinion
im(h)o - in my (humble - or honest) opinion
imhbco - in my humble but correct opinion

:)
Click to expand...



Blimey, well thank you for the history lesson
 



FC accounts to June 2014

Turnover £10.5M
Operating Loss £4.5M
Wages £8.4M
No. employees 154

I think (SCMP) player costs constitute the majority of the wage bill.

25 players over 21 at an average of £4k / week would mean an SCMP wage bill of £5M (it would mean the rest of the 130 employees average £26k pa)

Good value for money for the constant play off failures ? Although this was the season Clough staved off a Weir relegation.

I imagine 2015 accounts will be available Christmas / New Year.

NB: pure guesswork on my part on the SCMP estimates by the way.
 
William Henry Foulkes said:
It seems to me.

There's a whole lexicon of internet abbreviations used on message boards about ten years ago. Some of them (still) really appeal to me.

Afaics - as far as I can see
Fwiw - for what it's worth

are a couple

Sometimes these evolved

imo - in my opinion
im(h)o - in my (humble - or honest) opinion
imhbco - in my humble but correct opinion

:)
Click to expand...
blw
chai
 
William Henry Foulkes said:
It seems to me.

There's a whole lexicon of internet abbreviations used on message boards about ten years ago. Some of them (still) really appeal to me.

Afaics - as far as I can see
Fwiw - for what it's worth

are a couple

Sometimes these evolved

imo - in my opinion
im(h)o - in my (humble - or honest) opinion
imhbco - in my humble but correct opinion

:)
Click to expand...

Based
On
Lessons
Learned
Other
Contributors
Know
Shit

:)
 
blades78 said:
Didn't we buy Scougall for around £200k? I wouldnt be surprised if Scougall, Flynn, Alcock, Flo, Collins and Coutts would top alot of league 1 teams highest earners.
Click to expand...
Yeah, probably the smaller clubs.

And we do seem to have a very high wage bill for this league. Higher than some clubs' turnover I'd guess.
 
BushBlade said:
Garbage In Garbage Out.

Seventies computer programmers I think.
Click to expand...

Set me Googling for how old it was. The acronym is probably 60s. The idea is 19th century.

----

Garbage in, garbage out (GIGO) in the field of computer science or information and communications technology refers to the fact that computers, since they operate by logical processes, will unquestioningly process unintended, even nonsensical, input data ("garbage in") and produce undesired, often nonsensical, output ("garbage out").

History
It was most popular in the early days of computing, but applies even more today, when powerful computers can produce large amounts of erroneous information in a short time. The first use of the term has been dated to a 1 April 1963 syndicated newspaper article about the first stages of computerization of the US Internal Revenue Service. [...] The underlying principle was noted by the inventor of the first programmable computing device design:

On two occasions I have been asked, "Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?" ... I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.

— Charles Babbage, Passages from the Life of a Philosopher

---

I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.

Brilliant :)
 
blades78 said:
Does anyone knows when the latest club accounts are due? Do we even publish them now the club is not on the stock market?

With all the talk of FFP and the lack of signings, I'm interested to see what our wage bill is. I would have thought crocks / back up players (Alcock, Wallace, Flo, Flynn, Scougall etc) are all on top money for League 1. I can't see us shedding their wages until the contracts run out.
Click to expand...
Here you are mate

https://companycheck.co.uk/company/...ITED-FOOTBALL-CLUB-LIMITED/financial-accounts

My ability to decipher them is admittedly limited. I'm not even certain what we could label Cost of Sales other than supply of merchandise. Do we have a specialist on this forum?
 



Sean Thornton said:
Those are key financials rather than an accounts summary.

Cost of sales includes football related wages, I believe stewarding and policing costs plus as you say merchandise.
Click to expand...

I can see it's displayed differently but in what way is the content different? Genuine question.

I had assumed the £8.4m on Wages and Salaries included football related wages, otherwise who's earning all that?!
 
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