FOR GOOL CO LTD

• ⚠

  Annual accounts overdue

  Due 2026-03-27.

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1.4 in the financial statements, which indicates that the Group incurred a loss of €5.28m during the year and as at 30 June 2024, the Group and Parent Company were in net liability positions of €2.75m and €4.61m respectively. The Group's subsidiary, Portimonense Futebol SAD, continues to experience significant creditor pressure and has net liabilities of €3m. The Group's cash flow forecasts indicate that the Group is dependent upon the continued financial support of the controlling shareholder in order to meet its liabilities as they fall due for at least the next twelve months. These conditions, along with the other matters set out in Note 1.4, indicate the existence of a material uncertainty that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +29.1%

  £4,279,783 → £5,527,250

• Cash

  -19.5%

  £834,301 → £671,324

• Net assets

  -184.6%

  £2,832,954 → -£2,395,415

• Employees

  -7.8%

  103 → 95

• Operating profit

  -258.4%

  -£1,135,369 → -£4,069,350

• Profit before tax

  -253.5%

  -£1,146,661 → -£4,053,419

• Wages

  -0.2%

  £6,484,950 → £6,473,234

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. 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

Consolidated group

Auditor

Taylor Associates

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.4 in the financial statements, which indicates that the Group incurred a loss of €5.28m during the year and as at 30 June 2024, the Group and Parent Company were in net liability positions of €2.75m and €4.61m respectively. The Group's subsidiary, Portimonense Futebol SAD, continues to experience significant creditor pressure and has net liabilities of €3m. The Group's cash flow forecasts indicate that the Group is dependent upon the continued financial support of the controlling shareholder in order to meet its liabilities as they fall due for at least the next twelve months. These conditions, along with the other matters set out in Note 1.4, indicate the existence of a material uncertainty that may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern.”

Group structure

1. FOR GOOL CO LTD · parent
   1. Portimonense Futebol SAD 85.88% · Portugal · Professional football services
   2. P Cars Transporte E Turismo SA 75% · Portugal · Provision of chauffeuring services

Significant events

• “During the year the group's revenue was €6,355,784 (2023 - €4,921,322). The net loss was €5,281,811 (2023 - €1,506,576).”
• “The group's balance sheet shows a net liability of €2,754,488 (2023 net asset - €3,257,614).”
• “A primary driver of this decline is the worsening financial condition of Portimonense SAD. The subsidiary's inability to generate sufficient organic cash flow from recurring footballing operations has led to a strained balance sheet.”
• “At the Group level, the accumulation of losses has resulted in a net liability position. Consequently, the Group is considered technically insolvent, as its total liabilities exceed the fair value of its assets.”
• “Relegation Risk: The club is currently positioned 16th out of 18 in the league. Relegation would result in a substantial decrease in broadcasting revenue, sponsorship, and the market value of the playing squad, further exacerbating the financial deficit.”
• “Critical Reliance on Shareholder Funding: Contrary to previous assessments, the risk associated with shareholder finance is substantial. The Group is currently not viable without ongoing owner support.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.