HORNETS INVESTMENT LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -54.8%

  £57,589,057 → £26,003,015

• Cash

  +16,659.4%

  £8,016 → £1,343,436

  highest in 5 filed years

• Net assets

  +94,472.9%

  -£23,688 → £22,355,042

  highest in 5 filed years

• Employees

  +11.4%

  352 → 392

  highest in 5 filed years

• Operating profit

  -170.4%

  £17,980,219 → -£12,653,909

• Profit before tax

  -226.4%

  £12,741,824 → -£16,107,995

• Wages

  -14.3%

  £28,947,231 → £24,815,454

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

Myers Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Therefore they have continued to adopt the going concern basis in preparing the financial statements. Further details regarding the going concern basis can be found in the accounting policies in note 1 to the financial statements. The subsidiary's income over the next twelve months, along with the continued support of the group's parent company, is sufficient to provide the necessary working capital for the group and therefore it is appropriate to continue to adopt the going concern basis in preparing the financial statements. The Group's parent company has confirmed that they will not seek repayment of the balance outstanding to them of £60,238,048 if to do so would jeopardise the group's ability to continue as a going concern. The group's owner is committed to new investment into the business when necessary and has entered into a financial commitment to financially support the group for the next 12 months.”

Group structure

1. HORNETS INVESTMENT LIMITED · parent
   1. Watford Association Football Club Limited 99.7% · Hertfordshire
   2. Watford FC Women Limited 100%

Significant events

• “The Club has liabilities under transfer agreements to pay additional sums dependent upon players' attainment and subsequent transfer value. The maximum that can be calculated and could be payable in respect of transfers made before 30 June 2025 is £8,554,000 (2024: £22,682,000).”
• “Subsequent to the year end, sums have been receivable from other clubs in respect of appearance and sell-on clauses in respect of players previously sold. It is estimated that net income of £8,821,000 is to be reflected in the financial statement for the current year.”
• “Since the year end there have been several new player registrations. The net payments to which the Club is committed in respect of those transactions is estimated to be £3,201,000.”

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

Filings

2

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.