Mansfield Town Accounts - Yrs Ended 31/12/19-31/12/22

[Tippy Tappy Football]

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.

[MTFCMAD]

Brilliant summary there.

Would love to guess what the overall turnover would be without any contributions from JRs companies/Personal wealth.

[NorthLondonStag]

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 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 was £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 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

Excellent summary, thank you.

Small point - I believe this is the ultimate parent but that the club is directly owned by Mansfield Town 1861 Limited. That is owned by another company which in turn is owned by RSCPBR Limited.

[NorthLondonStag]

Brilliant summary there.

Would love to guess what the overall turnover would be without any contributions from JRs companies/Personal wealth.

Difficult to be definitive because of some group recharge provisions but the turnover is broadly £3m for external revenue and £2.7m for that related to sponsorship. Darren, what do you think?

[Tippy Tappy Football]

Excellent summary, thank you.

Small point - I believe this is the ultimate parent but that the club is directly owned by Mansfield Town 1861 Limited. That is owned by another company which in turn is owned by RSCPBR Limited.

Thanks NLS. I've updated my post with more info on the immediate and ultimate parent companies.

[Tippy Tappy Football]

The accounts can be downloaded from here

https://find-and-update.company-informa ... ng-history

[Tippy Tappy Football]

I've updated my information on total wages from the club based on information in the accounts. It's difficult because there were no full accounts for 2018 and no AGM since November 2018.

Total Wages for Club (including non playing staff)
2011-2012: £1,344,256 (Paul Cox finished 3rd in National League)
2012-2013: £2,328,070 (Paul Cox won National League)
2013-2014: £2,071,080 (Paul Cox finished 11th in League 2)
2014-2015: £1,486,334 (Paul Cox and Adam Murray finished 21st in League 2)
2015-2016: £1,464,626 (Adam Murray finished 12th in League 2)
2016-2017: £1,884,466 (Adam Murray/Steve Evans finished 12th in League 2)
2017-2018: £3,762,389 (Estimated)* (Steve Evans/David Flitcroft finished 8th in League 2)
2018-2019: £5,015,644 (Estimated)** (David Flitcroft finished 4th in League 2)
2019-2020: £5,706,953 (Estimated)*** (John Dempster/Graham Coughlan finished 21st in League 2)

* = £1,600,221 for 6 months from 1st July to 31st December 2017 + £2,162,168 (50% of total wages for year ended 31st December 2018).
** = £2,162,168 (50% of total wages for year ended 31st December 2018) + £2,853,476 (50% of total wages for year ended 31st December 2019)
*** = Total wages for year ended 31st December 2019

Note: These wages will include the employer’s national insurance contributions of around 13.8%

The spending on wages did drastically increase when Steve Evans arrived and increased even further under David Flitcroft. Paul Cox and Adam Murray did a very good job with the very small playing budgets they had.

[Reg Holdsworth]

Very interesting, thanks. So on the measure of per £million (spent on player wages), does that make Muzza the most successful manager since we’ve been back in the league, based on his 12th place finish?

[Tippy Tappy Football]

Adam Murray did a great job in 2015-2016 to finish 12th in League 2 with a playing budget of around £800,000-£1,000,000. We were challenging for the play offs for most of the season.

Paul Cox and Adam Murray did a great job to keep us in the league the previous season with a similar very low budget. The playing budget was cut from around £1.6 million to £800,000 in 2014-2015. Micky Moore describes it as his finest achievement in football.

[Reg Holdsworth]

Makes you wonder what the pair could have achieved with the funds allocated in subsequent years ....

[Parkinsons Perm]

Very interesting, thanks. So on the measure of per £million (spent on player wages), does that make Muzza the most successful manager since we’ve been back in the league, based on his 12th place finish?

I suppose it does

More importantly it shows the Robs and York stags of the world that their beloved David was an expensive failure

[Rob]

A rise in non-playing staff from 11 to 63 may explain at least some of the huge hike in total wages. Is it possible to quantify how much those extra 52 people added to the overall wage bill? The only meaningful wage comparison has to be based on playing wage, not total wage. No doubt Evans and Flitcroft had big budgets, you could tell that by the way we were fighting promotion rather than relegation

[MTFCMusings]

Great work Darren, thanks.

[part time pete]

Where does the John Radford Stadium Co.Ltd fit into this.

[Dan]

A rise in non-playing staff from 11 to 63 may explain at least some of the huge hike in total wages. Is it possible to quantify how much those extra 52 people added to the overall wage bill? The only meaningful wage comparison has to be based on playing wage, not total wage. No doubt Evans and Flitcroft had big budgets, you could tell that by the way we were fighting promotion rather than relegation

Where would these extra 52 people be working too. Seems a big hike with no changes on or off the pitch.

[NorthLondonStag]

Where does the John Radford Stadium Co.Ltd fit into this.

That's owned by a different company and charges rent to the club (£48,000 according to the accounts).

[one f in mansfield]

A rise in non-playing staff from 11 to 63 may explain at least some of the huge hike in total wages. Is it possible to quantify how much those extra 52 people added to the overall wage bill? The only meaningful wage comparison has to be based on playing wage, not total wage. No doubt Evans and Flitcroft had big budgets, you could tell that by the way we were fighting promotion rather than relegation

Where would these extra 52 people be working too. Seems a big hike with no changes on or off the pitch.

Hospitality must have a lot more staff now .

[NorthLondonStag]

Very interesting, thanks. So on the measure of per £million (spent on player wages), does that make Muzza the most successful manager since we’ve been back in the league, based on his 12th place finish?

I suppose it does

More importantly it shows the Robs and York state of the world that their beloved David was an expensive failure

You might be right but I think you are jumping to conclusions. The accounts do not show the broken out playing budget.,
They show the overall wage budget for the club and even then some of those costs are recharged to other group companies.

[Tippy Tappy Football]

The feedback from the club was that the players that David Flitcroft signed were more expensive in wages than those signed by Steve Evans e.g. £5,000 per week for Tyler Walker. David Flitcroft also wanted JR to spend more money. There is no doubt that he had a bigger player budget than Steve Evans who was the first manager to benefit from JR loosening the purse strings.

Nigel Clough has a lot of experience of having a small playing budget at Burton in League 1 and the Championship so he should be able to ensure that JR and the club get good value for money.

[chip63]

I suppose Sharpes wages are in that amount, not sure about John and Caroline or Steve Hymas,
50 staff on 20k is 1 million.

[NorthLondonStag]

I suppose Sharpes wages are in that amount, not sure about John and Caroline or Steve Hymas,
50 staff on 20k is 1 million.

Sharpe's wages won't make into the accounts for this period - this is through to 31 December 2019. David Sharpe was only appointed in 2020.
According to the accounts the club does not pay any director fees.

[Tippy Tappy Football]

These are the 2019 accounts and the directors received no remuneration from the football club during that year.

The one and only director to ever be paid a salary by the club was Keith Haslam.

[Dan]

These are the 2019 accounts and the directors received no remuneration from the football club during that year.

The one and only director to ever be paid a salary by the club was Keith Haslam.

Wasn’t he paying himself something like £30,000 as well as siphoning money off illegally everywhere else?! (Allegedly!)

[Reg Holdsworth]

These are the 2019 accounts and the directors received no remuneration from the football club during that year.

The one and only director to ever be paid a salary by the club was Keith Haslam.

I presume that director fees and salary are different things? Surely the Broughtons don’t work for free, or do they?

[arsene wengers coat]

We really have been robbed last few seasons and I include Flitcroft, Dempster and Coughlan in that. Seeing those figures and the outcomes that followed is galling.

Where do the expenses from the RH Academy sit. That must span 2 or 3 years?