Season 2022 / 23 accounts

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Season 2022 / 23 accounts

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Dubai Eagle 13 Apr 24 12.39pm
Now available on companies house website - Attachment: companies_house_document CPFC 2023.pdf (1,170.47Kb)
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Dubai Eagle

13 Apr 24 12.39pm

Now available on companies house website -

Attachment: companies_house_document CPFC 2023.pdf (1,170.47Kb)

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Davepalace707 Northumberland 13 Apr 24 1.01pm
Losses across the last two years of £53m total. A vague statement of intention from SP about building the new stand but no timeline. Doesn’t look the healthiest balance sheet if they’ve got to find funding for the stadium work, presumably that would be new investment. There is a note right at the end about £45m being raised from shareholders after the year end. That could be to fund the January player acquisitions and to provide cash flow. No surprise that TV money continues to be the bulk of income.
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Davepalace707

Northumberland 13 Apr 24 1.01pm

Losses across the last two years of £53m total.

A vague statement of intention from SP about building the new stand but no timeline.

Doesn’t look the healthiest balance sheet if they’ve got to find funding for the stadium work, presumably that would be new investment. There is a note right at the end about £45m being raised from shareholders after the year end. That could be to fund the January player acquisitions and to provide cash flow.

No surprise that TV money continues to be the bulk of income.

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Badger11 Beckenham 13 Apr 24 1.08pm
I'm hopeless at reading accounts so feel free to correct me. I maybe getting hundreds of thousands mixed up with millions. From what I can see wages fell from 63% of turnover to 56% which is good news. However this is largely due to turnover increasing by £20m rather than cost cutting. Increasing turnover is always a good thing. However our costs rose by 12.8m which is worrying and little is said as to why. Players or something else? Our pre tax losses rose by £3m. Not sure that is a good thing. The big number is Net Liability this was £36m in 2022 and £64m last year. I don't know how significant this is if at all. So it looks to me despite the happy clappy words in the report that there are some concerning numbers. Anyway over to those of you who can read a report no doubt you will correct me. One more point
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Badger11

Beckenham 13 Apr 24 1.08pm

I'm hopeless at reading accounts so feel free to correct me. I maybe getting hundreds of thousands mixed up with millions.

From what I can see wages fell from 63% of turnover to 56% which is good news. However this is largely due to turnover increasing by £20m rather than cost cutting. Increasing turnover is always a good thing.

However our costs rose by 12.8m which is worrying and little is said as to why. Players or something else?

Our pre tax losses rose by £3m. Not sure that is a good thing.

The big number is Net Liability this was £36m in 2022 and £64m last year. I don't know how significant this is if at all.

So it looks to me despite the happy clappy words in the report that there are some concerning numbers.

Anyway over to those of you who can read a report no doubt you will correct me.

One more point

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Badger11 Beckenham 13 Apr 24 1.09pm
Originally posted by Davepalace707 Losses across the last two years of £53m total. A vague statement of intention from SP about building the new stand but no timeline. Doesn’t look the healthiest balance sheet if they’ve got to find funding for the stadium work, presumably that would be new investment. There is a note right at the end about £45m being raised from shareholders after the year end. That could be to fund the January player acquisitions and to provide cash flow. No surprise that TV money continues to be the bulk of income. Thanks Dave was writing at the same time. One more point
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Badger11

Beckenham 13 Apr 24 1.09pm

Originally posted by Davepalace707

Losses across the last two years of £53m total.

A vague statement of intention from SP about building the new stand but no timeline.

No surprise that TV money continues to be the bulk of income.

Thanks Dave was writing at the same time.

One more point

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Davepalace707 Northumberland 13 Apr 24 1.32pm
Originally posted by Davepalace707 Losses across the last two years of £53m total. A vague statement of intention from SP about building the new stand but no timeline. Doesn’t look the healthiest balance sheet if they’ve got to find funding for the stadium work, presumably that would be new investment. There is a note right at the end about £45m being raised from shareholders after the year end. That could be to fund the January player acquisitions and to provide cash flow. No surprise that TV money continues to be the bulk of income. Correction it does say that the intention is to start work on the stand ahead of the 24/25 season which means within the next 4 months. No pressure on Glasner then! Most PL club accounts will look similar, losses year on year which no business in any other industry could survive on. Massive loans and shareholdings which keep the cash flow going. Investors who want to be associated with the club, banking on future earnings potential from bigger capacity and player sales.
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Davepalace707

Northumberland 13 Apr 24 1.32pm

Originally posted by Davepalace707

Losses across the last two years of £53m total.

A vague statement of intention from SP about building the new stand but no timeline.

No surprise that TV money continues to be the bulk of income.

Correction it does say that the intention is to start work on the stand ahead of the 24/25 season which means within the next 4 months. No pressure on Glasner then!
Most PL club accounts will look similar, losses year on year which no business in any other industry could survive on. Massive loans and shareholdings which keep the cash flow going. Investors who want to be associated with the club, banking on future earnings potential from bigger capacity and player sales.

Alert a moderator to this post