Through the Government's Job Retention Scheme, also known as furlough, the business received a total of £905,495 in the year, a a slight reduction in the more than £1m it received in the prior 12 months. "The group is reliant on funding from its shareholders and such funding has been and continues to be made available from the shareholders when required." It added: "Despite the loss during the year to 30 June 2021, the group has a sound financial base from which to further improve the business. "The pandemic caused significant impact on trading for FVWL Hotel Limited, as in most of the hospitalist sector, resulting in trading losses for this financial year." This, following a change in personnel in the football management team. "However, on the pitch, the team were successful, gaining promotion back to EFL League 1 at the first attempt. "The football club was forced to play all fixtures for the season with no supporters in attendance due to the pandemic which significantly impacted football revenue. READ MORE: Treasury buys into Bolton Wanderers, online bookmaker and coffee chainĪ statement signed off by the board said: "This is the second year of trading for the group and trading remained difficult for both businesses due to the continued impact of the Covid-19 global pandemic. The company's accounts cover the financial performance of the football club and its hotel conference centre. Its pre-tax losses also fell from £3.8m to £1.4m while its turnover went from £9.3m to £6.1m. Newly-filed accounts for Football Ventures (Whites) Limited have revealed the company's operating losses went from £3.4m to £517,393 in the 12 months to June 30, 2021. Losses have been slashed at the owner of Bolton Wanderers during the year the club were promoted back to League One despite its turnover continuing to be hit by the Covid-19 pandemic.
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