Gillingham make pre-tax profit of £111,612 in annual accounts for 2017-18
Published: 15:06, 27 March 2019
Updated: 18:37, 27 March 2019
Gillingham's latest financial accounts show they have made a profit for a second successive year.
The accounts for the year ending May 31, 2018 show Gills made a pre-tax profit of £111,612 - an increase on the £2,084 profit posted for the previous 12 months.
Turnover rose again for a second year in a row, up from £6.3m to more than £7m. This figure included more than £1m in transfer fees which included the sale of Bradley Dack to Championship club Blackburn.
TV and radio income remained constant at £1.4m while the club's banqueting and catering facility increased turnover to nearly £1.2m. The independent school based at Priestfield generated turnover of more than £500,000.
The club's outlay on wages and salaries also increased on the previous 12 months, up from £3.2m to £3.5m.
Club chairman Paul Scally was given a fee of £311,273, up from £208.353 the previous year. Mr Scally also owes the company £90,547 according to the accounts.
Read more
Football Gills News Isle of Sheppey Sport Kent Maidstone Sport Malling Sport Medway Sport Sittingbourne Sport Sport Football Tonbridge Sport Tunbridge Wells Sport Weald SportMore by this author
Matthew Panting