Plymouth Argyle have filed their accounts for the year to December 2017 with Companies House, but they have done so (as they are entitled to do) under the small companies rule which limits the amount of available useful information.
Kieran Maguire of the PriceofFootball comments, 'Looks as if Plymouth Argyle made a £32,000 profit in 2017. Can’t tell for sure as club took advantage of a legal loophole to avoid showing the profit and loss account.'
To general surprise, the Pilgrims have had a poor start to the season. I saw them at Charlton last Saturday and they didn't look like relegation candidates to me. But then last year they had a much better second half of the season. From being at the foot of the table, they were in contention for the play offs, finishing 7th.
Money received in advance from season ticket holders and hospitality was up 23 per cent as fans and sponsors of the club increased in numbers. The club is committed to a £6.5m ground development.
After some very difficult times when the club was in danger, it is now on a much surer footing. One challenge is its geographical location, although this doesn't stop the Green Army travelling long distances. They were out in force at Charlton on Saturday.Plymouth as a city has also faced challenges as its Naval role declined. However, the University has been successful. There are ambitious plans for further development.
As the mainland football correspondent for Radio Scilly, I know that people on the islands are grateful for the training of youngsters that has been undertaken there by Argyle staff. They were there again this August in collaboration with the Five Islands Football Club: Coaches return to train children
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