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Goals reports 72 per cent profits boost

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Five-a-side football operator Goals Soccer Centres has reported a 72 per cent increase in pre-tax profits to £2.1m for the six months to 30 June 2006 and a 35 per cent increase in sales.

The company has also adopted the share based payments system FRS 20 in the period, which means that profit and loss accounts for the comparative periods have been restated to reflect this. Consequently Goals has seen a reduction in profit for the six months to 30 June 2006 of £92,000 and a £162,000 reduction for the year to 31 December 2005.

The company now operates 21 centres, with five added during the past year and five more set to open in 2007. A site in Birmingham West is also set to open later this year.

Managing director Keith Rogers said: “I am delighted to report another set of strong results further demonstrating the demand in the market for Goals’ ‘next generation’ concept. Since our flotation in December 2004, we have opened 10 new centres and now have 21 centres across the UK. Our site pipeline continues to strengthen.”

Chair, Sir Rodney Walker, added: “Football is the most popular sport in the UK and five-a-side football as a commercial activity continues to grow rapidly amongst all age groups.

“The board considers that this trend will be maintained in the future and that the unique Goals concept puts the company in a strong position to continue to capitalise on the sector’s popularity.”

Photograph: The Goals Soccer Centre at Star City leisure complex in Birmingham, which opened in August

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Five-a-side football operator Goals Soccer Centres has reported a 72 per cent increase in pre-tax profits to £2.1m for the six months to 30 June 2006 and a 35 per cent increase in sales.
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