CARLISLE UNITED ASSOCIATION FOOTBALL CLUB (1921) LIMITED

• ⚠

  Insolvency history on file

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

• ⚠

  Confirmation statement overdue

  Due 2026-04-30.

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

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The directors have prepared projections up to 31 March 2027. The projections indicate that, during the period to 31 March 2027, further funding of between £3.5m and £4.0m could be required from CSG, via the ultimate parent company and controlling parties. This range takes account of various assumptions including the league status of the club for the 2025/26 season, and excludes any potential inflows from transfer sell ons. The company has received confirmation of continued support from CSG to meet its obligations as they fall due for at least 12 months from the approval of these financial statements. The directors are also satisfied that CSG, via the ultimate parent company and controlling parties, has the financial resources to provide this support. With this confirmation, the directors believe the company will have sufficient funds to be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approving the financial statements. After considering the impact of the above at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The 2024/25 season was the Club's 120th season as a professional football club and saw the Club back in League Two following relegation after one season in League One.”
• “In May 2024, the Club began a £6 million renovation project on the top three floors of the East Stand, creating new offices and classrooms on the first floor, four new hospitality lounges on the second floor and eight executive boxes on the third floor. This increased hospitality capacity by over 200 and all the areas were immediately popular with fans and businesses.”
• “Subsequent to the year end, amounts owed to group undertakings totalling £10,548,101 were settled through a debt-to-equity transaction at the parent company level.”

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

Filings

2

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

  -17%

  £8,313,429 → £6,899,969

• Cash

  -76.4%

  £801,644 → £188,796

• Net assets

  -46.3%

  £10,964,099 → £5,884,133

• Employees

  -15.1%

  239 → 203

• Operating profit

  -286.1%

  £2,765,078 → -£5,145,673

• Profit before tax

  -281.8%

  £2,818,150 → -£5,122,468

• Wages

  +59.6%

  £3,933,462 → £6,278,153

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