Goals Soccer Centres scores sales rise in 2012

Goals Soccer Centres scored higher sales and profits for 2012 as the company kicked a challenging economic and fiscal climate during the year.

Goals Soccer Centres scored higher sales and profits for 2012 as the company kicked a challenging economic and fiscal climate during the year.

The operator of soccer centres in the UK and US, posted annual sales of £32.5m, up 7.0% from £30m the previous year.

Profit before exceptional items and tax grew 3.0% to £39.5m while earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 3.0% to £14.2m.

During the period the company tackled competition from the London Olympics, the Jubilee and Euros 2012.

A record year of rain in the UK also had an impact on results.

Nevertheless, the group achieved strong results from its operations, successfully opening its first modular build centre at Chester and signing a new brand partnership with talkSPORT, a UK radio station for national sports coverage and commentary. The station saw more than 3.5m people tune in to listen.

Managing Director Keith Rogers said Goals has kicked off a great start to the year and is confident of significant developments in the company and its brands.

"Goals Soccer Centres has established itself as the leading small sided football operator in the UK having grown capacity by over 300% since flotation in 2004 to a national network of 43 Football Association accredited sites," he said.

"The management is now taking advantage of its scale and leveraging maximum value from its current estate through partnerships with established UK brands including talkSPORT. Combined with a new dedicated online social media strategy, Goals aims to further drive pitch utilisation and broaden the target audience."

RD

Recommended

Improve your odds of investment success with these three stocks
Share tips

Improve your odds of investment success with these three stocks

Professional investor Tom Wildgoose of the Nomura Global High Conviction Fund highlights three of his favourite stocks.
2 Aug 2021
How to profit from pampered pets beyond the pandemic
Share tips

How to profit from pampered pets beyond the pandemic

Covid-19 has greatly boosted ownership. But the market had been expanding for years, and demographic, cultural and medical trends all point to long-te…
30 Jul 2021
Share tips of the week – 30 July
Share tips

Share tips of the week – 30 July

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
30 Jul 2021
Robinhood is going public – should you invest?
US stockmarkets

Robinhood is going public – should you invest?

Online stockbroking app Robinhood is going public on the US stock exchange. Saloni Sardana looks at whether it's worth a punt.
29 Jul 2021

Most Popular

Why the UK's 2.5% inflation is a big deal
Inflation

Why the UK's 2.5% inflation is a big deal

After years of inflation being a financial-assets problem, it is now an “ordinary things” problem too, says Merryn Somerset Webb. But central banks st…
16 Jul 2021
The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Cryptocurrency roundup: Twitter founder’s “DeFi” platform
Bitcoin & crypto

Cryptocurrency roundup: Twitter founder’s “DeFi” platform

In crypto this week: regulators are getting worried; Jack Dorsey’s bitcoin DeFi platform; and dogecoin’s co-founder lambasts cryptocurrencies.  Salon…
16 Jul 2021