BURNLEY FOOTBALL & ATHLETIC COMPANY,LIMITED(THE)

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 to the financial statements, which indicates that if player trading results, and receipts from the Parent Company, which would be allocated against the intercompany receivable balances, were to be materially less than forecast the resulting conditions, if unresolved, would mean that the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. As stated in note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include the adjustments that would be necessary should the going concern basis of preparation no longer be appropriate. Our opinion is not modified in respect of this matter.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 to the financial statements, which indicates that if player trading results, and receipts from the Parent Company, which would be allocated against the intercompany receivable balances, were to be materially less than forecast the resulting conditions, if unresolved, would mean that the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. As stated in note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include the adjustments that would be necessary should the going concern basis of preparation no longer be appropriate. Our opinion is not modified in respect of this matter.”

Significant events

• “Subsequent to the close of our reporting period, the club acquired a number of players at an initial cost of £27,151,000.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -46.3%

  £133,565,000 → £71,746,000

• Cash

  +44.9%

  £8,910,000 → £12,909,000

• Net assets

  -50.1%

  £57,958,000 → £28,897,000

  lowest in 3 filed years

• Employees

  +5.2%

  388 → 408

• Operating profit

  -347.4%

  £15,565,000 → -£38,503,000

• Profit before tax

  -2.6%

  -£28,952,000 → -£29,717,000

• Wages

  -12.2%

  £82,448,000 → £72,381,000

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