EXETER CITY A.F.C. LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Material uncertainty over going concern

  As stated in note 3.3, these events or conditions, along with the other matters set out in that note, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.

• ◆

  10 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Consolidated group

Auditor

Griffin

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As stated in note 3.3, these events or conditions, along with the other matters set out in that note, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.”

Group structure

1. EXETER CITY A.F.C. LIMITED · parent
   1. ECWFC Limited 100% · England
   2. OTR (Exeter) Limited 0% · England

Significant events

• “After the year end, the Club has invoiced £1,094,760 in connection with the sale of players. These are all payable over a number of years.”
• “Subsequent to the year end, the Board identified adjustments made within the accounting records that had the effect of delaying VAT payments during the financial year. These matters were investigated and disclosed to HMRC.”
• “On 12th November 2025, a fire broke out at St James Park and caused approximately £100k worth of damage. As this event was deemed to be accidental, this was covered by insurance, and is non-adjusting.”
• “In December 2025, the club received £985,000 from Close Brothers Leasing in connection with the factoring of the future sell on clause relating to Jay Stansfield.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

10

last 12 months

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

• Turnover

  +25%

  £6,568,952 → £8,212,878

  highest in 3 filed years

• Cash

  +9.3%

  £317,573 → £347,103

• Net assets

  +5.8%

  £6,033,371 → £6,381,585

  highest in 3 filed years

• Employees

  -23.8%

  399 → 304

  lowest in 3 filed years

• Operating profit

  -48.8%

  -£2,947,134 → -£4,385,136

  lowest in 3 filed years

• Profit before tax

  +189.2%

  £182,072 → £526,637

  highest in 3 filed years

• Wages

  +32.8%

  £4,646,869 → £6,170,478

  highest in 3 filed years

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