In todays Mail FC announce that they have posted a profit for the 6th year in a row. Its down on the previous year but still around £30,000. www.thisishullandeastriding.co.u ... ticle.html

In todays Mail FC announce that they have posted a profit for the 6th year in a row. Its down on the previous year but still around £30,000. www.thisishullandeastriding.co.u ... ticle.html

Good news and impressive given that there was no Challenge Cup run.

Excellent achievement in the present climate.......

Great stuff and quite surprising. Hope he makes some comments on having the fanbase and management competence to provide a sustainable business model.

Dobbins must be due any day

Great news, but I expect the run to end this season, with the downturn in crowds, corporate tickets and the transfer fees we have paid out.

To be fair, a home draw in the cup could make up for a lot of that. And hopefully, a home play off game.

Good news, with westman signing and gates down slightly I doubt that we will make a profit next year unless we make at the semi finals of the CC and the play offs.

Fantastic achievement by the club in the current climate especially when you take the fact that we went out in the 4th round of the cup and the 1st round of the play offs. Well done to all concerned.

What's the point? Can't we just get someone to bankroll us?

You'll give Standee a heart attack with that attitude.

Great news (again) well done to the club.

I don't agree, with the Westerman and Tansey signings both coming out of those figures and Tansey's "value" missing from the assets I think it was a good result to post a £30k profit, I expect similar for thsi season, if not a little more.

It is concerning that we're making such a low profit though, from a business (not sport) perspective.

With transfer fees not being a traditional expenditure in rugby league, I'd say that 30k + Westerman's fee, is a fairly respectable profit,

What is our turnover?

I think the only reason for showing the players as intangible assets is from a company valuation. It would be difficult to value a company above £3m with fixed assets of £400k only turning over a £30k profit. There would be some small added value for goodwill but thats about it.

you copy and pasting the HDM comments page?

how clever

don't know, have requested full account from Companies House, should know details later in the week, but I'd imagine t/o must be around £2-2.5m, would have to be around there.

Surely if the players are capitalised then the transfer fees wouldn't be in the P&L anyway?

(Where's that accountant when you need her?)

Westerman's signing didn't come out of those figures, that will be in the next set of accounts

the player value is capitalised, but the cosy of acquisition is a P&L number as far as I know.

apologies, it was Turner and Tansey.

I have to say, from the three we've bought, Turner, Tansey and Westerman, I haven't seen any reason why we bothered. Westerman's defence yesterday was shocking in parts.

Id say nearly double that !!! would suprise me to be nearer 4m

We do 1m in merchandise (sure thats been reported), then you take gate recipts and passes (2m?)

Thats before sponsorships and the like

then we're paying way over the odds for some backroom staff Hutchie.

I would have thought that the cost of the player would be depreciated over the term of his contract but I'm not an accountant. I know if I shell out 10 grand for a piece of machinery I don't show the 10 grand in my P&L that year

Wasn't one of the last licence application points for T/O > £4m? We got taht and it has been reported to be around £5m. I'm guessing they could still show a profit if we saw a significant drop in income