EXETER RUGBY GROUP PLC

• ⚠

  Material uncertainty over going concern

  We draw your attention to Note 2 to the Financial Statements which details the material uncertainty related to going concern.

1. EXETER RUGBY GROUP PLC 2013-09-24 → present
2. EXETER RUGBY GROUP LIMITED 2000-08-04 → 2013-09-24
3. EXETER RUGBY CLUB GROUP LIMITED 2000-07-11 → 2000-08-04
4. EXETER RUGBY CLUB LIMITED 1997-06-10 → 2000-07-11
5. STREATHAM COURT PROPERTIES LIMITED 1997-02-24 → 1997-06-10
6. VOGUE SPIRIT LIMITED 1997-02-03 → 1997-02-24

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

Thompson Jenner LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to Note 2 to the Financial Statements which details the material uncertainty related to going concern.”

Group structure

1. EXETER RUGBY GROUP PLC · parent
   1. Exeter Rugby Club Limited 100% · UK · playing and promotion of rugby and the provision of conferencing and banqueting facilities
   2. The Devon County Athletic Ground Company Limited 95% · UK · remain dormant
   3. South West England Rugby Academy Limited 100% · UK · remain dormant
   4. The Langdon Land Limited 100% · UK · land rental
   5. SWRugby7's Limited 100% · UK · remain dormant

Significant events

• “Premiership rugby clubs continue to operate under significant financial pressure driven by rising operational costs and constrained commercial revenues, impacting income generation. Player salary controls, inflationary costs, higher interest rates, and energy costs add strain.”
• “The financial statements for the year ended 30 June 2025 include an exceptional expense of £6,151,131 relating to the impairment of loans due from an associate.”
• “The 2024/25 campaign proved challenging for the club on the field, with a difficult domestic season and coaching changes.”
• “Directors have taken proactive steps, including selling disposable assets and renegotiating loan repayment profiles with Sport England to manage cash flow pressures.”
• “The Group reduced its shareholding in Sandy Park Hotel Limited to 49% (22/23) then to 24% (30/06/24) via share transactions that generated cash inflows.”
• “Signed Heads of Terms are in place for the disposal of all remaining shares in Sandy Park Hotel Limited at 30 June 2025; advance payments received.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -7.2%

  £21,697,703 → £20,140,597

• Cash

  +475.6%

  £121,703 → £700,521

• Net assets

  -54.3%

  £19,044,109 → £8,700,825

• Employees

  +0.6%

  338 → 340

• Operating profit

  -849.9%

  £1,088,273 → -£8,160,614

• Profit before tax

  -2,083.7%

  -£419,329 → -£9,156,970

• Wages

  +12.5%

  £11,415,708 → £12,846,581

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers