Team Pd GD Pt
1 Raith Rovers 28 16 53
2 Falkirk 28 36 52
3 Airdrieonians 28 11 48
4 Montrose 28 10 47
5 East Fife 28 8 45
6 Dumbarton 28 -9 38
7 Clyde 28 -8 34
8 Peterhead 27 -14 26
9 Forfar 28 -21 24
10 Stranraer 27 -29 16
Updated: 11th Mar

2019 Accounts & AGMs

Friday January 3rd 2020

Financial Report

The Accounts of Raith Rovers Football Club Ltd for the accounting period ended 31st May 2019 have been audited and approved by the Board of Directors, reporting a loss of £202,541.

This is an improvement of £190,678 on the prior year, as the club continue to strive towards breakeven and financial sustainability. However, this loss is still disappointing and again brings sharp focus to the challenge the club faces whilst operating in league one.

Comparing to the prior year, revenues rose by £142k, across commercial and football streams. This was despite finishing third place in the league, but helped by a good Scottish Cup run. Costs were reduced by a further £50k on prior year, which was planned to have been larger but was countered by an unforeseen change in management team, substantial medical costs, larger maintenance expenditures and changes to off field operations.

Loan funding was in the majority provided by Stark’s Park Properties Ltd through the season, of which John Sim is the controlling party, and by Directors of Raith Rovers. We are very grateful for their continued financial support.

The Board of Directors of Raith Rovers continue to try and balance football ambitions, with prudent spending and seeking revenue opportunities and would like to place on record their huge appreciation of fans, suppliers, sponsors, staff and volunteers who we believe all share the same goal of making our club as great as it possibly can be.

As we now enter the second half of the season, we are in a strong position in the league and are challenging in both the Scottish Cup and in the semi final of the Tunnock’s Caramel Wafer Cup. Our number one footballing ambition remains to be promoted this season and we ask everyone to do whatever you can to help us meet this common goal.

Annual General Meetings 

Shareholders of Raith Rovers Football Club Ltd,  New Raith Rovers Ltd and Raith Rovers Holdings Ltd are invited to the Annual General Meetings to be held at Stark’s Park on Thursday 23rd January 2020 from 7.00pm:

New Raith Rovers Limited at 7.00pm

Raith Rovers FC Holdings Limited at 7.10pm

Raith Rovers Football Club Limited at 7.15pm

General Q & A

The AGMs will be followed by a general Q&A session with RRFC Directors Bill Clark, Tom Morgan, David Sinton, Steven MacDonald, Andy Mill and Ali More.

 

Raith Rovers Football Club Limited

Company Number SC026287

Notice is hereby given that the annual general meeting of the company will be held at Stark’s Park on Thursday 23rd January at 7.15pm for the following purposes:

1. To receive the accounts of the company for the 11 month period ended 31st May 2019 with reports from the directors and auditors of the company and to consider the recommendation of the directors that no dividend be declared in respect of the year

2. Per the articles of association, to retire by rotation two directors from the current board, being Ali More and Bill Clark and being eligible, offering themselves for re-election as directors

3. To appoint Haines Watt (Scotland) as auditors of the company until the conclusion of the next general meeting of the company at which accounts are laid before the members and to authorise the directors to determine their remuneration

Dated 2nd January 2020

Registered Office: Stark’s Park, Kirkcaldy KY1 1 SA

By order of the board of directors of Raith Rovers Football Club Limited

Note: a member entitled to vote at the meeting is entitled to appoint a proxy to attend and vote in their place. A proxy need not be a member of the company. To obtain a proxy form, please apply at footballraithrovers.net

 

Raith Rovers FC Holdings Limited

Company Number SC149552

Notice is hereby given that the annual general meeting of the company will be held at Stark’s Park on Thursday 23rd January 2020 at 7.10pm for the following purposes:

1. To receive the accounts of the company for the 11 month period ended 31st May 2019 with reports from the directors of the company

Dated 2nd January 2020

Registered Office: Stark’s Park, Kirkcaldy KY1 1 SABy order of the board of directors of Raith Rovers FC Holdings Limited

Note: a member entitled to vote at the meeting is entitled to appoint a proxy to attend and vote in their place. A proxy need not be a member of the company. To obtain a proxy form, please apply at footballraithrovers.net

 

New Raith Rovers Limited

Company Number SC293062

Notice is hereby given that the annual general meeting of the company will be held at Stark’s Park on Thursday 23rd January at 7.00pm for the following purposes:

1. To receive the accounts of the company for the 11 month period ended 31st May 2019 with reports from the directors of the company

Dated 2nd January 2020

Registered Office: Stark’s Park, Kirkcaldy KY1 1 SA

By order of the board of directors of New Raith Rovers Limited

Note: a member entitled to vote at the meeting is entitled to appoint a proxy to attend and vote in their place. A proxy need not be a member of the company. To obtain a proxy form, please apply at footballraithrovers.net

George Farm becomes Raith Rovers manager.
On This Day
1964