Grimsby Town Football Club Limited (the “Club”) has filed its audited accounts for year ended 31st May 2021.
The Club has reported a profit for the period of £195,505 (vs £145,660 in 2020).
Primarily due to the Covid-19 pandemic which led to the 2020/21 season being played out behind closed doors, turnover in 2021 was 18% down vs 2020 (-£644,848). This was partially compensated by government and local authority grants received of £593,216.
Andrew Pettit, Vice Chair commented:
“Following the acquisition of a majority interest in Grimsby Town Football Club by 1878 Partners on 5th May 2021, we are pleased to be able to report a profit for the financial year ended 31st May 2021. Notwithstanding relegation to the National League and the challenges posed by the Covid-19 pandemic, the previous board left the finances of the Club in a good state and we would like to record our thanks for this prior financial stewardship.”
Jason Stockwood, the Club’s Chair added:
“Andrew and I intend to continue to invest in the infrastructure and playing side of the Club and since the financial year end 1878 Partners has invested a further £1.125m into the business to support these initiatives.
Despite becoming a private limited company, as part of the B Corp commitment to transparency, the board has also decided to retain the same element of detail and transparency as was provided in its previous status as a PLC.”
In addition to formal filing on the public record at Companies House, the full accounts can also be found on the website by Clicking Here.
The Club will be holding a virtual Q&A event for shareholders on Monday 28th February 2022 at 7pm over Zoom, with Jason Stockwood, Andrew Pettit and the Club’s Chief Executive Debbie Cook in attendance. Further details of how to sign up to this event will be posted on the Club’s website and sent directly to shareholders.
