A national obsession has begun regarding the health and welfare of our 2010 world cup squad. I thought it would be interesting to take a different approach and review a company health check of the Limited Company involved in the world cup, the Football Association LTD.
As the FA is a large corporation, analysing its health is a complicated business. To gain a full and accurate picture we need further information from the FA and expert analysis on the filing information held at Companies House. Think of this info as the initial observations from a worried mother rather than the conclusions of a specialist medical consultant!
I sincerely hope our team are in better shape than this report. The headlines are:
Age: 106
CCJ’s: none
Credit score: low
Employees: 544
Turnover: £206145000
Gross Profit: £17487200
Profit after tax: -£12241000, there is a lot of borrowing and profits are affected by the interest payable on loans.
Accounts: The latest accounts show a decrease in pre tax profits.
Shareholder funds: Despite the decreased profits shareholder funds increased to £18064400.
Assets: The negative current assets less current liabilities on the balance sheet are not a great sign.
You can download the full report from our website http://www.duport.co.uk/credit-reports/order.php
Can anyone provide any insight regarding the fitness of the Football Association LTD?
