Goals Soccer Centres scores 3% rise in profits

football in a goal net. Goals core football business performed well but there was a fall in sales for corporate events

Related Stories

East Kilbride Goals Soccer Centres has reported a 3% rise in annual profits in a "challenging economic climate".

The company made pre-tax profits of £9.5m and sales were up 7% to £32.5m

Goals, which runs 43 centres in the UK and one in Los Angeles, said events such as the London Olympics and the Jubilee had disrupted business.

During the year, the group faced a takeover attempt by a Canadian pension firm, however, that was rejected by shareholders.

The bid had been recommended by Goal's board and cost the company £1.5m in professional fees.

A number of other exceptional items have cost the group £6.9m in total.

These include a partial redundancy of its IT system and a write-off of development costs on its traditional build centres.

Goals has grown by 300% since its floatation in 2004 and now employs about 800 people.

It said that during 2012, although sales in its core football business increased by 3%, bar sales fell by 7%. Weekend business held up by midweek sales declined as customers cut back on alcohol.

Goals birthday party business grew just slightly - up 1% but there was a 12% fall in corporate events.

The company said 2013 had started well.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.