GLOUCESTER RUGBY LIMITED

• ⚠

  Material uncertainty over going concern

  The directors acknowledge that there are inherent uncertainties in forecasting future financial performance, particularly in the context of the competitive nature of Premiership rugby and the potential for fluctuations in matchday revenues, sponsorship deals, and broadcasting rights. The directors have prepared forecasts for the period to 30 June 2026 which indicate that, subject to 1) reprofiling debt repayments due to the Department of Culture, Media and Sport in relation to a loan received from Sport England during the COVID lockdown, where interest and capital repayments are currently scheduled to commence in September 2025; 2) securing additional funding, which the directors are actively seeking; and 3) the continued support of the club's sponsorship partners, bankers and shareholders, which are not subject to binding commitments, the company will have sufficient resources to enable it to continue trading until the end of the forecast period, 30 June 2026. The directors are confident that the club's robust financial management and strategic planning will enable it to navigate these challenges effectively. While the directors believe that the club remains a going concern, they recognise that material uncertainties exist that may cast doubt on the club's ability to continue operating and competing at the highest level of Premiership rugby.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hazlewoods LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors acknowledge that there are inherent uncertainties in forecasting future financial performance, particularly in the context of the competitive nature of Premiership rugby and the potential for fluctuations in matchday revenues, sponsorship deals, and broadcasting rights. The directors have prepared forecasts for the period to 30 June 2026 which indicate that, subject to 1) reprofiling debt repayments due to the Department of Culture, Media and Sport in relation to a loan received from Sport England during the COVID lockdown, where interest and capital repayments are currently scheduled to commence in September 2025; 2) securing additional funding, which the directors are actively seeking; and 3) the continued support of the club's sponsorship partners, bankers and shareholders, which are not subject to binding commitments, the company will have sufficient resources to enable it to continue trading until the end of the forecast period, 30 June 2026. The directors are confident that the club's robust financial management and strategic planning will enable it to navigate these challenges effectively. While the directors believe that the club remains a going concern, they recognise that material uncertainties exist that may cast doubt on the club's ability to continue operating and competing at the highest level of Premiership rugby.”

Group structure

1. GLOUCESTER RUGBY LIMITED · parent
   1. Gloucester Hartpury Rugby Ltd 50%

Significant events

• “In the 2023/24 season, Gloucester Rugby celebrated its 150th year, kicking off with a showpiece fixture against the Barbarians at Kingsholm, culminating in an anniversary dinner.”
• “In the Gallagher Premiership, the men's team ... displayed resilience by winning the Premiership Rugby Cup, securing a notable victory over Leicester Tigers, marking Gloucester's first silverware in several seasons.”
• “In European competition, the team advanced to the European Challenge Cup final, held at Tottenham Stadium to a crowd of 34,761.”
• “The women's team, Gloucester-Hartpury, continued their dominance in the Premiership Women's Rugby (PWR) league. ... secured a second consecutive league title, defeating Bristol Bears 36-24 in a thrilling final.”
• “Prior to the start of the 2023/24 season, Chief Executive Officer (CEO), Lance Bradley stepped away from the Club after four years in charge. Chief Operating Officer, Alex Brown, was appointed by the Board as CEO ahead of the new season.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

2

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -17.8%

  £18,162,660 → £14,922,948

• Cash

  -100%

  £736,106 → £52

  lowest in 6 filed years

• Net assets

  -6.6%

  £7,814,725 → £7,298,370

  lowest in 5 filed years

• Employees

  +1.4%

  282 → 286

• Operating profit

  -2,013.6%

  -£129,015 → -£2,726,816

• Profit before tax

  -435.5%

  -£543,881 → -£2,912,421

  lowest in 5 filed years

• Wages

  -6.6%

  £10,746,350 → £10,041,843

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers