Its interesting that 380,000 pounds is in the accounts for leasing of the ground when that was split some years before by the controlling director.
Does this sound familiar and wonder if our ground is leased in a similar way. That's a lot of rental money and still making a profit?
It may explain a few things though?
So IF Walsall owned their ground as we tend to think we do, then you can add 380,000 pounds to that small profit. And the loans to Directors repaid in no time.