Sustainability

[aloreburn]

Before everyone jumps on the crowd issue (which admittedly is a problem) the loss made this year is primarily the drop of £250k worth of commercial income which definitely needs explained at the agm and best guess is linked to the concert debacle. A worrying trend is the drop in income from the arena and pitch hire as well. I still struggle to understand what the wage bill/budget truly is as our cost of sales is really high which for me doesn’t marry up with the image that we’re a plucky team trying to compete with the big boys. The cash at bank was actually ok due to good debtor/creditor controls but as for 2017 i’d project a further tangible loss i’m Guessing the funds are gone hence our current skint position. Interesting in notes that our chairman carries out maintenance for free, if so can we get some done then on the various bits of ground that are becoming a real concern.

In the same way last years profit masked an awful trading year, do bear in mind accounts are reported in a way that doesn’t show always a true position, the loss is actually not as heavy as it seems as includes heavy depreciation of assets, true position or ebitda is somewhere less than half of the bottom figure.

So Mr Chairman’s companies carry out maintenance for free around Palmerston !!! Probably the least he can do considering the amount of money he made off the selling of the land next to the Arena , the refurbishment of the Arena and those new changing rooms that nobody has ever seen.
Only one winner there

[Scottyboy10]

Considering the state of the ground and surrounding area i could put in the accounts that I provide maintenance free of charge too, as we don’t seem to do much. Would love to see someone really challenge the board this year what is the plans, how long before more land dissapears for housing!