Ebbsfleet United post £1.9million loss for the financial year ending May 30, 2023

Ebbsfleet United’s latest set of accounts show the club lost £1.9million when they won the National League South title in 2022/23.

The Fleet’s recently released financial figures, for the year ending May 30, 2023, show a loss of £1,930,281, compared to £1,790,700 in the previous 12 months.

However, this year the directors of the company have elected not to include a copy of the profit and loss account with their financial statements.

The losses prompted football financial expert Kieran Maguire to post on X: “Ebbsfleet United belatedly publish 22/23 accounts. Club lost £37,000 a week taking total losses over the years to almost £20m. Club is propped up by shareholder investment and nearly £4m of related party loans.”

While not publishing the profit and loss account means details are limited compared to previous years, Ebbsfleet chief executive Damian Irvine has explained to FleetTV what the figures mean.

He’s also disclosed some of the figures not published in the accounts at Companies House.

“The accounts since the day I walked into the building have always been of interest to supporters,” he stated.

“They’re not dissimilar to most of our other yearly accounts. I’ve always been trying to get the losses down year-on-year since I’ve been here, even through Covid we were quite successful.

“The revenue increased from the 2022 year, which was still Covid-affected by the way, it almost doubled so it went up about £450,000. That’s down to our supporters, if I’m honest, people coming to games, the increase in gates, the turnover which is wonderful and that’s what we need to see, that’s the club going in the right direction.

“Costs rose as well about £247,000, there were some increases there in food costs and that type of thing