Saracens Group Holdings Limited

The principal activities of Saracens Group Holdings Limited (‘the Company’) is that of a holding company. The Company is the parent company of the wider Saracens Group ('Group') comprising Saracens Limited, a professional rugby union football club including entertainment, ticket sales, hospitality, catering, stadium events and merchandise and Saracens Copthall LLP which holds the stadium assets and provides stadium and athletics facilities to its members, partners and wider community in North London. The Group also previously included MBN Events Group Limited which staged entertainment and business events; UK Investor Show Limited which hosted UK investor events; and an investment in Saracens Mavericks Limited, which competed in the Netball Super League. Subsequent to the 2024 year end, the Group decided to cease its events and netball activities in order to concentrate on growing and improving its core rugby and community-focused operations. As a result, MBN Events Group, UK Investor Show Limited and Saracens Mavericks Limited, which formed part of the Group in 2024, ceased trading during the year. Additionally, affiliated to the Group are The Saracens Foundation which is the club’s charitable arm and the Saracens Multi-Academy Trust which operates the Saracens High School, Saracens Bell Lane Primary School, and Saracens Broadfields Primary School – which joined the Trust as its second primary school in October 2025. A new Saracens Primary School is also planned to open in September 2027. Fair review of the business We assess progress towards our long-term goals with a series of KPI’s, which in this reporting year continued to focus on: Achieving entertaining, high sports performance Creating an unrivalled customer experience at the ‘Showdown’ showcasing top class rugby entertainment at the magnificent Tottenham Hotspur stadium Growing our audience and selling out StoneX stadium for more home games Remaining at the forefront of women‘s sport Safeguarding our people first, caring, high-performance culture Growing our partnership base and enhancing our relationships with existing partners Managing cash flow and meeting our financial targets and reporting requirements Committing to the community and having a substantial socio-economic impact The Group has made progress in key areas as detailed below. Group financial position This section of our report relates to the Group as a whole, including the Company and its subsidiaries. In respect of continuing operations, Group revenues decreased from £23.7m to £22.1m in the year ended 30 June 2025 whilst the Group operating loss for continuing operations increased from £6.2m to £7.4m in the year ended 30 June 2025. The Group had a consolidated net asset position of £3.5m at 30 June 2025 (£7.3m at 30 June 2024), including £6.1m of cash in bank (£4.2m at 30 June 2024). When the Directors are assessing the strength of the Group, we consider the underlying nature of the liabilities. Included within the Saracens Limited liabilities falling due within one year and provisions for liabilities which flow through to the Group short term creditors of £21.3m (2024: £19.1m) and provisions of £3.1m (2023: £3.1m), the following should be taken into account: There is a total current deferred income liability of £4.7m, £2.7m of which is monies received relating to the 2025/26 season, not a liability in the traditional sense, and the liability will be released once matches in the 2025/26 season are played. There is a further £1.3m relating to Partnership revenue invoiced in advance of the 2025/26 season, to be released in the next financial year. There is a deferred tax liability of £3.1m which is not payable to HMRC. It is a provision for taxes on the revaluation of shares in PRL Investor Limited. The taxes would only ever become payable if these shares were sold by Saracens Limited and at the value held in the Balance Sheet.