"Warrington Sports Holdings Ltd is also pleased to announce its financial results for the year ended 30 November 2014.

Group turnover increased £182k; from £6,322k to £6,504k.

Group profit before tax was £639,590 which contributed towards the funding of the club's new indoor training facility at University of Chester, Warrington campus."

Great news for you. If you could win Super League you could really kick on and exploit the revenue potential. It seems such a solid, stable club at the moment.

Where did you get this information because the annual accounts do not show up on the Companies House register ? They are normally published around the start of July.

its on the Guardian website

Thanks for that.

Really solid results for a year without any silverware or even finals. That's £600k towards the Cronk fund then.

£500k went on the indoor training thingy remember

Very true. To have a pre-tax profit of £600k when we haven't won anything since 2012 is fantastic.

I wonder have we been spending at the full cap level and if not this could be why the profit is there? Its a great position to be in though!

If I remember correctly, when we signed the new Sky deal last year all SL clubs were given an immediate £300k. So it depends how that cash was recognised in the accounts, but it could also be a reason why we are showing a larger profit.

Its also on the Club Website.

I'm not an accountant and haven't looked at the figures but figures can be used in many ways.
Key points for me are -

1. Have we reduced / removed our reliance on SJM Promotions.
2. How much short term debt do we have?
2. How much medium / long term debt do we have and are we reducing it? (Eg filling in the corners cost 'x', if that's repaid over 10 years at (say) £500k per year, so £500k is included in the accounts, but we've still £4.5m debt - not suggesting these are actual figures).

£4.5m debt?

No RD - my figures are hypothetical just to illustrate a point.

Phew

In the Q&A beneath the south stand the new media fella gave a very honest and open insight into the finances. I can't remember the exact figures but he said we are way behind what Leeds have to spend.

Tony gave his honest opinion on Matty Russell too.

I think I remember that filling in the corners cost approx £1 mill

Care to share with the group?

The only people who know what the figures actually mean are the directors/shareholder who were in the meetings that discussed them (and I am an accountant). Anything which is out in the public domain can only be an indicator

Our long term loans at the end of Nov 2013 were £1.92m, down from £2,088m in the previous year. Most of this (£1.34m) comprises bank loans. The loans are spread over a range of maturities, so for e.g., £776K had a maturity in excess of 5 years. The directors loan account (SJM I presume) was £185,300 although I think he is also helping us with another loan from one of his companies.

I can't remember the figures, but TS said that Matty's strength was gaining meters and his weakness was his positional/organising skills.

Pretty much what Wane said about him on local radio following the announcement we had signed him, very possibly why he was only playing reserve grade down under.

He said, season ticket sales were down, matchday sales were down and merchandise was down...

No surprise.
The investment was down and in tandem results were poorer.
Everything is relative
Success create interest, interest is a margin for growth.
Consistency keeps that margin of growth while further success creates interest.

Easy peazy.