• Other Financial Issues

    Bury: Another brick in the wall

    Overview The company has taken advantage of legislation for small businesses to avoid publishing full financial statements. This means that there is no profit and loss account or income/wage details. No accounts have been published for the year ended 31 May 2018, in breach of company law, making the directors guilty of a criminal offence. Losses accelerated for the company from 2013 onwards, following the acquisition of the club by Stewart Day. In the two years when the club did publish fuller sets of accounts, wages exceeded income. Income details Bury’s income increased in 2015/6 and 2016/7 when the club was in League One. This is partially due to increased…