EXETER RUGBY CLUB LIMITED

• ⚠

  Material uncertainty over going concern

  Although the Directors have a clear plan in place to ensure the going concern basis remains appropriate and have taken steps to satisfy compliance with the new Financial Monitoring Regulations introduced by Premiership Rugby, several material uncertainties exist that may cast significant doubt upon the Group's ability to continue as a going concern:

1. EXETER RUGBY CLUB LIMITED 2000-07-11 → present
2. COUNTY GROUND PROMOTIONS LIMITED 1997-02-18 → 2000-07-11

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

Thompson Jenner LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Although the Directors have a clear plan in place to ensure the going concern basis remains appropriate and have taken steps to satisfy compliance with the new Financial Monitoring Regulations introduced by Premiership Rugby, several material uncertainties exist that may cast significant doubt upon the Group's ability to continue as a going concern:”

Group structure

1. EXETER RUGBY CLUB LIMITED · parent
   1. Sandy Park Hotel Limited 24%

Significant events

• “On the field the 2024/25 campaign proved challenging for the club. The team experienced a difficult domestic campaign in the Gallegher Premiership, finishing below expectations and undergoing coaching changes late in the season.”
• “On 30 June 2024 a further transactions took place which allowed the same third party to acquire a further shareholding in Sandy Park Hotel Limited. This generated an additional cash inflow to the Group and reduced the Group's shareholding in Sandy Park Hotel Limited to 24%.”
• “Signed Heads of Terms are in place regarding the disposal of all shares held by Exeter Rugby Group PLC in Sandy Park Hotel Limited at 30 June 2025, although the disposal has not yet taken place. A further cash inflow is expected on completion of the deal.”
• “During the year the Group were successful in renegotiating a revised repayment profile of the loan received from Sport England, which has been agreed by the Department of Culture, Media and Sport, to ensure affordability going forward.”
• “Premiership Rugby have also implemented the new Financial Monitoring Regulations that have been introduced to enhance the financial scrutiny and transparency of club reporting.”
• “A new 15 year lease was agreed during the year for Sandy Park stadium with the parent company Exeter Rugby Group Plc.”

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

1

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

  +683.2%

  £46,582 → £364,839

• Net assets

  -40.6%

  -£10,210,141 → -£14,353,553

• Employees

  +0.6%

  330 → 332

• Operating profit

  -550.4%

  -£453,604 → -£2,950,344

• Profit before tax

  -544.2%

  -£458,744 → -£2,955,424

• Wages

  +12.5%

  £11,415,709 → £12,846,581

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