Falkirk earned £1.1m MORE last year than they did in the previous year to May 2014, according to the club accounts due to be discussed at tonight’s AGM.
A total profit of £1,258,505 dwarfs the previous season where the club finished in the black after financial troubles in previous seasons.
In new chairman Doug Henderson’s first business report since replacing Martin Ritchie, he hints at improvements to be made at The Falkirk Stadium and usiing the cash windfall from last term’s sales and Scottish Cup run to pay off the artificial pitch early.
He said: “ Our challenge as a club is to invest carefully in strengthening the team by building a side capable of being promoted and staying in the Premier division.
“But we must improve facilities for our players and supporters.”
A fourth stand has long been on the Bairns’ agenda and is expected to come up again at tonight’s meeting of shareholders.
They will also be asked to return Andy Thomson and Martin Ritchie to the board as directors and re-elect vice chairwoman, Margaret Lang, who was appointed after last year’s meeting.
Mr Henderson added in his notes: “The year ending May 31, 2015 was an exceptional year for the club with our largest ever transfer receipts and a lucrative run to the cup final.
“This year we are all indebted to the staff, the backbone of the club, for the huge commitment shown in the run-up to the final.”
Like the profit, consolidated turnover at the club increased from £2,140,197 to £3,031,232.
Mr Henderson added: “Our system of monthly management accounting ensures we monitor our position on a regular basis.”