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Nottingham Forest finances

Nottingham Forest has £21m of net debt as of their 2021/22 accounts.

Filed as NOTTINGHAM FOREST FOOTBALL CLUB LIMITED. Premier League. Latest accounts 2021/22.

← Football Finance · Nottingham Forest dashboard → · Transfers → · Companies House →

You're viewing 2021/22 filed accounts for Nottingham Forest. The latest filed year is 2024/25.
Wage bill
£59m
Turnover
£30m
Profit / loss
-£46m
Net debt
£21m
Cash
£6k
Net assets
-£53m

Multi-year picture

Year ended Wages Turnover P&L Cash Net assets
2024/25 latest £167m -£79m £13m -£5.2m
2023/24 £166m £12m £29k -£15m
2022/23 £145m -£67m £92k -£109m
2021/22 £59m £30m -£46m £6k -£53m

Player trading

  • Gross spend on signings (this year)£12m
  • Amortisation charge (this year)£7.3m
  • Squad book value (intangibles NBV)£12m
  • Book value of disposals (sold registrations)£25m

In football accounting, "intangible assets" = player registrations. Amortisation is the contract cost spread over the years remaining.

Wage breakdown

  • Social security (employer NI)£6.6m
  • Pension contributions£155k

HMRC exposure

  • Tax & social security owed at year-end£4.9m

Unusually large HMRC balances at year-end can signal cash pressure. Most clubs file PAYE monthly, so a multi-million sum sitting unpaid is a flag.

Debt breakdown

  • Bank borrowings & overdrafts£7.9m
  • Group / owner loans£2.3m
  • Outstanding charges (loans secured against assets)2

Ownership

Persons with significant control (>25% as filed at CH): Nf Football Investments Ltd

Registered office: The City Ground, Pavilion Road, West Bridgford, Nottingham, NG2 5FJ

Incorporated: 1982-04-20

Recent filings

  • 2026-04-17 officers appoint-person-director-company-with-name-date
  • 2026-04-17 officers appoint-person-director-company-with-name-date
  • 2026-04-17 officers appoint-person-director-company-with-name-date
  • 2026-03-26 capital capital-allotment-shares
  • 2026-03-26 capital capital-allotment-shares
  • 2026-03-26 accounts accounts-with-accounts-type-full
  • 2026-02-28 officers termination-director-company-with-name-termination-date
  • 2026-02-28 officers termination-director-company-with-name-termination-date
  • 2026-02-28 officers termination-director-company-with-name-termination-date
  • 2025-10-14 officers appoint-person-director-company-with-name-date

Source

Parsed automatically from NOTTINGHAM FOREST FOOTBALL CLUB LIMITED's inline XBRL accounts at Companies House. Filed as: accounts-with-accounts-type-full. Period ended 2022-06-30, accounts filed 2023-03-31.

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