Monday 18 December 2023

MANSFIELD TOWN ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

 This is a summary of the Mansfield Town accounts for the year ended 31st December 2021 which were approved at the club’s Annual General Meeting on Thursday 22nd December 2022. These accounts cover the second half of the covid affected 2020-2021 season when the Stags finished a disappointing 16th under Graham Coughlan and Nigel Clough after failing to win any of the first eleven games under Graham Coughlan. Mansfield did reach the 3rd Rd of the FA Cup under Nigel Clough knocking out Sunderland 1-0 at the Stadium of Light before losing 2-1 to Cheltenham Town in extra time in the 3rd Rd.

 

The accounts also cover the first half of 2021-2022 when the Stags finished 3 points off automatic promotion in 7th with 77 points.  We then beat Northampton Town in the League 2 Play Off Semi Finals to reach Wembley where we sadly lost to Port Vale. The financial figures for the second half of that season will be in the 2022 accounts which will be laid before shareholders today.

 

The headlines are that the football club’s finances still remained significantly affected by covid and the lockdown but the club’s losses had reduced from £322,593 in 2020 to £45,774 in 2021.

 

PROFIT (LOSS)

2021 (£45,774)

2020 (£322,593)

2019 (£50,904)

2018 (£116,281)

2017 (£132,785) (6 months from 1st July)

2016-2017 £6,403

2015-2016 (£10,077)


TURNOVER (INCOME)

The club’s total income increased to £4,130,265 compared to £3,074,465 in 2020. It was £5,706,953 in 2019. 

 

Match Day Income increased to £940,628 compared to £469,103 in 2020. It was £1,268,368 in 2019. All the home games in the second half of the 2020-2021 season were played behind closed doors. The majority of income must have come from season ticket sales for 2021-2022 and 16 home league and cup games for that season.

 

Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) increased from £1,556,496 to £1,719,138.

 

Commercial Income increased from £1,048,886 to £1,470,499. It was £3,081,359 in 2019.

 

EXPENDITURE

 
Total Wages and Salaries including national insurance contributions and pension costs increased from £3,143,956 to £3,279,040. It was £5,083,199 in 2019.

 

The average number of staff including directors was 48 compared to 26 in 2020.

 

Staff whose costs were recharged to group and connected companies were 198 compared to 203 in 2020.

 

Player Agent Fees increased from to £56,903 to £70,624. They were £133,840 in 2019

 

Player medical costs fell from £92,712 to £46,830.

 

Management Charges increased from £36,050 to £48,066.

 

The rent paid for using Field Mill increased from £47,210 to £49,806.

 

Academy Funding increased from £30,000 to £40,000.

 

Energy Bills increased from £27,010 to £62,871. They were £66,324 in 2019.

 

Travel and Hotel Costs fell from £69,335 to £34,044.

 

Repairs and Maintenance increased from £88,146 to £164,570. It was £362,209 in 2019.

 

Other expenses (2020 figures in brackets):

Legal and Professional £29,511 (£31,091)

Motor Expenses £36,504 (£18,693)

Trade Subscriptions £26,246 (£12,664)

Rates £9,881 (£7,220)

Telephone and Fax £6,763 (£6,981)

Water £11,144 (£6,704)

Bank Charges £8,557 (£5,685)

Cleaning £6,233 (£4,704)

Printing and Stationery £7 (£2,883)

Accountancy Fees £25,580 (£2,820)

Entertainment £4,602 (£625)

 

 

LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES


The loans owed to One Call and other group companies fell by around £800,000 from £4,523,361 in 2020 to £3,723,391.

 

The football club was owed £342,561 from companies under common control and £31,203 from fellow group companies.

 

The football club made sales of £1,216,666 to fellow group companies.

 

Other creditors amounted to £761,791. This includes £688,017 owed to directors and former directors.


RSCPBR (Ultimate Parent Company)
The ultimate parent company of Mansfield Town is now RSCPBR Limited which operates a diverse range of businesses including the football club, a claims handling company, vehicle credit hire, vehicle recovery and rescue services, vehicle damage repair and solar energy.

 

The sole director of RSCPBR is John Radford and he is the sole shareholder


MANSFIELD 1861 LIMITED (Immediate Parent Company)
RSCPBR Limited own all the 100 issued shares in Mansfield 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford.

 

Mansfield 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited.

 

A big thank you to John Radford and Carolyn Radford and the other directors for their financial support of the football club during the difficult economic times caused by Covid and the lockdown.

 

The AGM to approve the 2022 accounts will be held at Field Mill later today at 1.00pm where shareholders will hopefully receive a copy of the full accounts for 2022.

 

Stags Fans United



CHAD REPORT ON AGM ON 22nd DECEMBER 2022

Annual meeting reveals how Mansfield Town survived and then thrived post-Covid
chad.co.uk, By John Lomas, published 3rd Jan 2023

Mansfield Town survived the Covid years and then thrived thanks to the backing of owner John Radford followed by the increased attendances since fans were allowed back in.

Stags' success story was revealed at the club's AGM, which was held last week to reveal the club's accounts up to 31st December 2021 after a two year pause and included 2020, when the season was curtailed early due to the pandemic outbreak, and 2021 when football was played behind closed doors.

Company accountant Jim Beachill reviewed the accounts which indicated that in 2020 the club suffered a significant fall in earnings and a loss in excess of £320,000 in that year.

However, Stags have not only survived but emerged even stronger through the support of owner John Radford, and the One Call Group of companies in Doncaster.

Beachill explained to the meeting that in League Two, player wages had to be restricted to half the level of income of the club, which came through the turnstiles, and from the League and other appropriate income - and the EFL were very active in monitoring this.

read more at https://www.chad.co.uk/sport/football/annual-meeting-reveals-how-mansfield-town-survived-and-then-thrived-post-covid-3972848

The fact that Mansfield’s average attendance has continued to rise and was above 6,500 this season was a big help in meeting these obligations.

In attendance were directors Steve Hymas, who answered questions on the Academy, and Alex Sheriff, who is in charge of operational activity at the cluband also answered appropriate questions. Members at the meeting thanked the directors and Beachill for their full explanations on the Stags’ progress.


Wednesday 4 January 2023

MANSFIELD TOWN ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

 

This is a summary of the Mansfield Town accounts for the year ended 31st December 2020 which were approved at the club’s Annual General Meeting on Thursday 22nd December 2022. These accounts cover the second half of the covid shortened 2019-2020 season when the Stags finished a disappointing 21st under John Dempster and Graham Coughlan; and the first half of the 2020-2021 season under Graham Coughlan and Nigel Clough when the Stags eventually finished 16th after failing to win any of the first eleven games.

The headlines are that the football club’s finances were significantly affected by covid and the lockdown. The club made a large loss of £322,593 in 2020 compared to a loss of £50,904 for 2019.


TURNOVER (INCOME)

The club’s total income fell from £5,706,953 in 2019 to £3,074,465.  This was a reduction of £2,632,488.

Match Day Income understandably fell dramatically from £1,268,368 in 2019 to £469,103. A reduction of around £800,000. There were only 5 home games played in front of a crowd. The rest were behind closed doors. The majority of this income must have come from season ticket sales.

 
Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) increased from £1,357,226 in 2019 to £1,556,496.

Commercial Income fell from £3,081,359 in 2019 to £1,048,886.

 

EXPENDITURE

 
Total Wages and Salaries including national insurance contributions and pension costs fell from £5,083,199 in 2019 to £3,143,956.


The average number of staff including directors was 46.

 
Staff whose costs were recharged to group and connected companies were 203 compared to 185 in 2019.

Player Additions (Transfer Fees) amounted to £26,250 compared to £293,750 in 2019. Players signed in 2020 included Jordan Bowery and Rollin Menayese who were signed for undisclosed fees.


Player Disposals were £291,985. Players sold in 2020 included CJ Hamilton and Danny Rose.

Player Agent Fees fell from £133,840 in 2019 to £56,903.

 

Player medical costs were £92,712 compared to £93,446 in 2019.

 

Management Charges were £36,050

 

The rent paid for using Field Mill was £47,210.

 

Academy Funding was £30,000.

 

Energy Bills were reduced from £66,324 in 2019 to £27,010.

 

Travelling Costs were reduced from £96,326 in 2019 to £69,335.

 

Repairs and Maintenance was reduced from £362,209 in 2019 to £88,146

 

Other expenses were:

Legal and Professional £31,091 (2019: £13,907)

Motor Expenses £18,693 (2019: £45,915)

Trade Subscriptions £12,664

Rates £7,220

Telephone and Fax £6,981

Water £6,704

Bank Charges £5,685

Cleaning £4,704

Charity Donations £3,000

Printing and Stationery £2,883

Accountancy Fees £2,820

Entertainment £625

 

 

LOANS OWED TO ONE CALL AND OTHER GROUP COMPANIES


The loans owed to One Call and other group companies fell by around £800,000 from £4,523,361 in 2019 to £3,723,391.

The football club was owed £903,989 from companies under common control and £31,203 from fellow group companies.

 

The football club made sales of £891,250 to fellow group companies.


Other creditors amounted to £782,182. This includes around £465,546 owed to Andy Saunders. The last figure given for this loan was in the 2010 accounts.


RSCPBR (Ultimate Parent Company)
The ultimate parent company of Mansfield Town is now RSCPBR Limited which operates a diverse range of businesses including the football club, a claims handling company, vehicle credit hire, vehicle recovery and rescue services, vehicle damage repair and solar energy.

The sole director of RSCPBR is John Radford and he is the sole shareholder


MANSFIELD 1861 LIMITED (Immediate Parent Company)
RSCPBR Limited own all the 100 issued shares in Mansfield 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford and Carolyn Radford.

 
Mansfield 1861 Limited own the majority shareholding in Mansfield Town Football Club Limited and the directors of Mansfield Town are John Radford, Carolyn Radford, David Sharpe, Steve Hymas, Mark Burton and Alexandra Sheriff


Thank you John Radford and Carolyn Radford for their financial support of the football club during the difficult times caused by Covid and the lockdown.

 

Stags Fans United


Friday 25 December 2020

MANSFIELD TOWN ACCOUNTS FOR YEAR ENDED DECEMBER 2019

The accounts for the year ended 31st December 2019 have been filed at Companies House.


The football club changed its year end to 31st December in 2017 so the last full accounts the club presented to an AGM were for the six month period from 1st August 2017 to 31st December 2017.

The current accounts are for the year ended 31st December 2019 and cover the second half of the 2018-2019 season when the Stags finished 4th under David Flitcroft and the first half of the 2019-2020 season under John Dempster and Graham Coughlan when the Stags eventually finished a very disappointing 21st.

The headlines appear to be that the football club made a loss of £50,904 in 2019 compared to a loss of £116,281 for 2018. This small loss was mainly achieved by the sponsorship received from One Call and associated companies which increased by around £1.5 million from £1,113,333 in 2018 to £2,627,499. This is why JR says it is important that the stadium is referred to as the One Call Stadium wherever possible.

TURNOVER (INCOME)
Turnover increased by £1.38 million from £4,324,339 to £5,706,953. 

Match Day Income was fairly similar. It was £1,268,368 compared to £1,292,869 in 2018, a fall of £24,501. The total number of supporters through the gates increased by 13.7% from 2017-2018 to 2018-2019.

Football and Media Income (which includes the EFL Distributions and Premier League Solidarity Payments) was also similar. It was £1,357,226 compared to £1,330,406 in 2018.

The big change was in Commercial Income which increased to £3,081,359 from £1,701,063 assisted by the £1.5 million increase in sponsorship money from One Call and JR's associated companies.

Total Wages and Salaries increased to £5,083,199 in 2019 from £4,456,034 in 2018. They were estimated at £3,200,441 in 2017 based on the 6 month accounts and were stated as being £1,884,446 in 2016-2017.

The number of playing staff was 26. There was a big increase in non playing staff from 11 to 63.

Staff charged to associated companies were 185 compared to 208 in 2018.

No directors received any remuneration.

Player Registrations (Transfer Fees) were £293,750. It's possible that some of these transfer fees could be deferred transfer fees for players signed in 2018.

Players signed in 2018 were:
Craig Davies
Otis Khan
Matt Preston

Players signed in 2019 were:
Ryan Sweeney
Willem Tomlinson
Ben Turner
Andy Cook
Kellan Gordon
Nicky Maynard

Player Disposals were £100,000 (deferred transfer fee for Lee Angol?)

The loans owed to One Call and other associated companies were £4,542,361 which increased by around £100,000 from 2018.

Other creditors amounted to £660,419. This includes around £465,546 owed to Andy Saunders. The last figure given for this loan was in the 2010 accounts.


RSCPBR (Ultimate Parent Company)
The ultimate parent company of Mansfield Town is now RSCPBR Limited which operates a diverse range of businesses including:
- the football club
- a claims handling company
- vehicle credit hire
- vehicle recovery and rescue services
- vehicle damage repair
- solar energy

It looks like JR has separated these businesses from One Call Insurance.

The sole director of RSCPBR is John Radford and he is the sole shareholder


MANSFIELD 1861 LIMITED (Immediate Parent Company)
RSCPBR Limited own all the 100 issued shares in Mansfield 1861 Limited (formerly known as Amber 12 Limited). The directors of Mansfield 1861 Limited are John Radford, Carolyn Radford, Paul Broughton and Tina Broughton.

Mansfield 1861 Limited own the majority shareholding in Mansfield Town Limited and the directors are John Radford, Carolyn Radford, David Sharpe, Paul Broughton, Steve Hymas and Mark Burton

Mansfield Town paid £44,290 rent to Mansfield Town 1861 Limited during 2018. Mansfield Town 1861 Limited repaid £110,390 to Mansfield Town and owed £210,817 to the football club at the end of the year.

Recharges of £816,482 were made by Mansfield 1861 Limited to the football club in respect of goods bought and services provided on its behalf.

Recharges of £1,034,210 (2018: £1,245,127) were made to Mansfield 1861 Limited and other related companies in respect of wages.

Wednesday 2 October 2019

MANSFIELD TOWN ACCOUNTS FOR 6 MONTHS ENDED DECEMBER 2017


ACCOUNTS FOR THE 6 MONTHS ENDED 31ST DECEMBER 2017

The football club had changed its year end to 31st December so the club presented accounts for the six month period from 1st August 2017 to 31st December 2017. These accounts covered the first half of the 2017-2018 season which was the start of Steve Evans’ first full season in charge. Steve Evans ended up leaving in February 2018 when the Stags were 5th and just two points off the automatic promotion places. The Stags eventually finished 8th with David Flitcroft in charge after only winning two of the last twelve games.

Jim Beachill, the Finance Director, had stated at the AGM in August 2017 that: “The current season will see a major investment through John Radford and his group of companies, in the form of increased sponsorship and equity injection. An investment of £2.5m has been injected into the club for 2017-18 and may increase further, it was confirmed. There is a big determination by John and Steve Evans to achieve promotion this season. The determination John is showing is incredible. This football club is at his heart, he's been a supporter since his childhood. I know one of his main ambitions in life is to take this club to the Championship. He wants to take it as far as he can, without being daft."

The fact that the accounts only covered a 6 month period made it difficult to compare the accounts with previous accounts which covered a whole season. However it was clear that Player Wages and Travelling Costs had significantly increased. We have attempted to carry out a comparison. The figures stated are based on an assumption that the income and expenditure will be the same in the next 6 months from 1st January 2018 to 30th June. We have therefore just doubled the figures referred to in the accounts to give a figure for 12 months unless stated otherwise. This is not ideal but it gives us a rough idea of possible income and expenditure for the season. The figures in brackets are the figures taken from the accounts for the 6 month period ended 31st December 2017. We will only be able to check the figures when we see the detailed profit and loss account for the year ended 31st December 2018.

The main issues revealed by the accounts were as follows:

The football club made a loss of £265,570 (£132,785) compared to a small profit of £6,403 in 2016-2017 and small losses of £10,077 and £74,510 in the two previous seasons.

Turnover (Income) increased from £2,619,535 to £4,340,254 (£2,170,127). Administrative Expenses also increased from £2,318,644 to £4,149,610 (£2,074,805).

Money received from the Football League, Premier League and the Media increased from £1,025,245 to £1,362,414 (£681,212).

Attendances had risen from an average of 3,439 in 2015-2016 to 3,774 in 2016-2017 and then 4,757 in 2017-2018.

Overall Expenditure increased from £2,290,847 to £4,133,135 (£2,066,567). The largest item of expenditure is always wages paid to staff and these increased from £1,884,466 to £3,200,441 (£1,600,221).

Matchday Expenses increased for the first time for a couple of seasons from £269,247 to £442,464 (£221,232).

Agents fees and expenses increased significantly from £10,324 to £117,380 (£58,690). Medical Expenses increased from £68,724 to £117, 006 (£58,503). The FA Report on agents' fees stated Mansfield Town spent £85,940 on Agents' fees from 1st February 2017 to 31st January 2018 and £77,932 on Agents' fees from 1st February 2018 to 31st January 2019 which was the 3rd highest after Northampton Town (£92,125) and MK Dons (£80,263).

Rent and Rates increased slightly from £58,940 to £69,301 (£34,651). Insurance costs were similar at around £22,377 assuming no further insurance payments were made. Cleaning Costs fell significantly from £18,475 to £4,362 (£2,681). Repairs and Renewals were stated at £66,378 for 6 months.

Travelling Costs increased massively from £7,999 to £234,919 (£117,457) as the Stags had overnight stays for most of their away games. This figure may also include the cost of the pre-season trip to Malta. Motor Expenses seemed to reduce from £44,885 to £24,542 (£12,271).

Light and Heating costs were extremely low again and went down to £26 (£13) from £231.

Bank Charges were £8,238 for the six month period. Legal and professional costs were £4,089.

Entertainment Expenses were reduced to zero from £391.

Computer Costs were £3,218 for the 6 month period. Telephone Costs were £5,379.  Post and stationery was £2,516.

Payments to the Elite Player Performance Fund increased from £25,000 to £52,000.

Trade Debtors falling due within 1 year increased from £109,388 to £265,955. Other debtors amounted to £107,310. Tax and social security owed increased from £107,701 to £223,875.

The average number of employees was 38.

The accounts again did not give full details of the long term loans as in the previous accounts. Long term loans fell from £4,955,794 to £4,934,139.

Around £709,354 is still owed to Andy Saunders so the balance of £4,200,000 will be owed to One Call Insurance Services Limited and other companies controlled by John Radford. These loans are interest free and repayable on no specific terms.

Called up share capital increased by £35,000 from £1,382,957 to £1,417,957.

There was one payment left of £214,285 to be made to Keith Haslam for Field Mill (One Call Stadium) which was due in March 2019.

John Radford said: “These accounts are not a bad set of results and it does seem like we are making progress.”


Thanks to John Radford and Jim Beachill, the Finance Director for their hard work in bringing the accounts up to date and for their commitment to be transparent about the club’s finances and to keep the fans fully informed. This is very much appreciated by the fans.





CHAD REPORT ON AGM ON 15TH NOVEMBER 2018

Cost of Mansfield Town promotion push so far revealed at AGM

chad.co.uk, by John Lomas, published Thursday 15 November 2018

Mansfield Town’s promotion push, starting with the ‘Steve Evans Revolution’, over the past two years has inevitably come at a cost. But club chairman John Radford and CEO Carolyn Radford were happy with the figures released at the club’s annual meeting today and, with crowds and income on the up, all pointed to a bright future for the Stags.

Having made a loss of £10,077 the year before, the club’s finances to June 30th 2017 even showed the promised profit from last year’s AGM - the first for many years - with a surplus of £6,403.

However, the Radford ultimately want to bring the club in line with the rest of John Radford’s One Call group of companies, and eventually bring it within the group to give it more strength, so for the first time produced extra figures for the six months ended 31st December 2017. They showed how wages, travel costs and agents fees had shot up under previous manager Evans when he was given his war chest to help the club chase promotion.

So by the turn of the year on 31st December 2017 that small profit had turned into a £132,785 loss.


Wages for the year ended 30th June 2017 were £1,884,446 (up £420,000 from the year before), but just for the following six months were £1,600,221 – a rise of 68 per cent over a whole year’s period compared with 29 per cent the year before.

Agents fees for the 12 months ending 30th June 2017 were £10,324 but the next six months alone saw them total £58,690.

Travel costs for the 12 months ending 30th June 2017 were £7,999 but the next six months saw them total £117,457 as boss Evans began to plan overnight stays before almost every away game to have players better prepared.

New boss David Flitcroft has continued that and the Stags are now on a club record 12 away games unbeaten.

The good news was that attendances had increased and other income shot up with the club turnover totalling £2,619,535 over the 12 months ending 30th June and over the next six months already bringing in almost the same with £2,170,127.

Attendances had risen from an average 3,439 in 2015/16 to 3,774 in 2016/17 and then 4,757 last season.

Another significant change in figures came in the year ended 30th June 2017 when Stags’ net current liabilities figures changed due to John Radford and directors Steve Hymas and Steve Middleton all agreeing to convert their loans into share capital. That saw share capital rise from £278,405 to £1,382,957.

Stags financial director Jim Beachill explained: “There is a big difference to the football club between loans and share capital. Loans can be recalled at a specific point in the future. But when it becomes part of the share capital it can only be repaid when the club is sold or if it goes out of business, if there are any assets left. It is a sign of the confidence of the directors in the future of the football club.

“It is growing because of the directors’ determination to get this football club where they feel it rightly belongs, which is League One. All efforts are being made for that purpose. The great thing is that attendances are rising too.”

Chairman John Radford said: “These accounts are not a bad set of results and it does seem like we are making progress.”



Tuesday 1 October 2019

UPDATE FROM MTFC AGM NOV 2018 / ACCOUNTS Y/E JUNE 2017


Just catching up with the analysis of the last few sets of accounts which is now a little more difficult due to the year end changing to 31st December. These were the last set of accounts which covered a whole season (2016-2017). The club then published a 6 month set of accounts from 1st July 2017 to 31st December 2017 and has recently filed the accounts at Companies House for the year ended 31st December 2018.

MANSFIELD TOWN AGM - THURSDAY 15th NOVEMBER 2018

Finance Director, Jim Beachill, presented the accounts for the year ended 30th June 2017. This covered the 2016-2017 season where Adam Murray was replaced as manager by Steve Evans in November 2016. The Stags eventually finished 12th in League 2 under Steve Evans’ management which was the same as under Adam Murray in 2015-2016.


ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2017 (2016-2017)

The main issues revealed by the accounts were as follows:

The football club made a small profit of £6,403 for the first time since the club made a profit of £302,500 in 2004. It had made a small loss of £10,077 and £74,510 in the two previous years. This was excellent news as it continued to show that the football club can be run on a sustainable basis.

Turnover (Income) increased from £2,243,164 to £2,619,535. Administrative Expenses also increased from £1,918,883 to £2,318,644.

Money received from the Football League, Premier League and the Media increased from £753,489 to £1,025,245.

Overall Expenditure increased from £1,915,957 to £2,290,847. The largest item of expenditure is always wages paid to staff and these increased from to £1,486,334 to £1,884,466.

Matchday Expenses reduced again from £288,458 to £269,247.

Agents fees and expenses remained were £10,324 which was similar to the £10,514 paid in the previous season. Medical Expenses increased from £37,621 to £68,724.

Rent and Rates fell significantly from £91,777 to £58,940. Insurance costs increased by around £4,000 to £22,434. Cleaning Costs fell from £23,547 to £18,475. Repairs and Renewals stayed similar at £82,315.

Travelling Costs fell £17,865 to £7,999. Motor Expenses increased from £33,561 to £44,885.

Light and Heating costs were extremely low at £231.

Bank Charges increased from £13,003 to £21,394. Legal and professional costs were £10,479.

Entertainment Expenses were reduced again from £5,115 to £391.

Computer Costs fell significantly from £14,216 to £2,772. The same also applied to Telephone Costs increased from £10,113 to £15,694. Post and stationery stayed around £4,000.

Trade Debtors falling due within 1 year increased from £32,883 to £109,388. Other debtors amounted to £304,672.

The average number of employees was 35.

Disappointingly the accounts did not give details of the long term loans which had fallen from £5,698,306 to £4,955,794 which was probably due to Steve Hymas converting his £452,276 loan into preference shares and Steve Middleton doing the same with his loan of £177,061. John Radford was also going to convert the same amount of his loans into preference shares as Steve Hymas. This is supported by the fact that called up share capital increased from £278,405 to £1,382,957. A confirmation statement filed in December 2018 showed that John Radford and Steve Hymas both had 452,276 preference shares. Steve Middleton had 200,000 preference shares.

Around £709,354 is still owed to Andy Saunders so the balance of £4,000,000 will be owed to One Call Insurance Services Limited and other companies controlled by John Radford. These loans are interest free and repayable on no specific terms.

There is one payment left of £214,285 to be made to Keith Haslam for Field Mill (One Call Stadium) which was due in March 2019.

Thanks to John Radford and Jim Beachill, the Finance Director for their hard work in bringing the accounts up to date and for their commitment to be transparent about the club’s finances and to keep the fans fully informed. This is very much appreciated by the fans.

Monday 6 August 2018

AN EVENING WITH JOHN & CAROLYN, 22 MAY

An Evening with John and Carolyn Radford
1861 Suite at One Call Stadium, 7.30pm Tuesday 22 May 2018

Full video available to watch here:
https://www.youtube.com/watch?v=qWV5fUIInRc

Full details including quotes and transcripts here:
http://stagsnet.net/news/newsdetails.php?newsid=9267