Ciderspace News Page : Yeovil Town Show Small Profit In Latest Financial Accounts
8 April 2018 : Yeovil Town Show Small Profit In Latest Financial Accounts
Yeovil Town Football Club have published their accounts for the 2016-17 season. Against an end date of June 30th 2017, the Yeovil Football and Athletic Club Limited (trading as Yeovil Town FC) company accounts show that the club made a profit of 28,350 during that season, compared with a 450,506 loss during the 2015-16 season. This is negated slightly by the 6,835 loss in the Yeovil Town Holdings accounts but represents the first time that the football club has made a profit since the 2013-14 Championship season.

The company turnover (the amount of money that came into the club, without considering costs) stood at just over 3.1 million (3,185,717) which was a marginal increase on the 2015-16 season figure of 3,148,255. However, basic costs of sales were significantly reduced from last season, with a total of 2,369,492 compared with the previous year's 2,836,600. This figure would include player and staff wages. Administrative costs were 792,360 (compared to 766,238 for the 2015-16 season). There were interest payments of 1,293 (compared to 1,701 during 2015-16).

The company's accumulated profit and loss account stands at a loss of 1,026,982 - improved marginally on the previous season by the aforementioned trading profit. This is balanced out by the long-standing issue of 1.7 milion shares, leaving a total equity of 860,999, which includes cash in hand/bank of 125,252 (a reduction from 246,261 in the 2015-16 season).

One other figure of significant note is that of Season Ticket Revenue. Because the club generally sell season tickets in advance, the amount sold is included in the club's list of creditors on the basis that the actual use of the season ticket only occurs during the following season. For the 2017-18 season, the club obtained 295,261 in Season Ticket sales, but this was a sharp drop from the 403,689 value for the 2016-17 season. This had been a steady source of income for the club, given that it held 404,743 during the 2015-16 season, but fell by roughly a quarter for the current season. This is roughly in line with the figure released by the club of 1,534 individual Season Ticket sales in the 2017-18 season, compared to the estimated 1,950 sold for the 2016-17 campaign.

Link: Yeovil Town Holdings 2016-17 Financial Accounts.


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