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Welling United post loss of £25,120 for the 2020/21 season
09:10, 04 March 2022
updated: 09:11, 04 March 2022
Welling United lost just over £25,000 during the 2020/21 season, their latest accounts reveal.
The Wings' profit and loss account deficit increased to just over £325,000, following the previous year's hefty £122,196 loss.
There was no increase to the directors loan account which remained at just over £110,000 but the Wings did take out a bank loan for £50,000.
The 2020/21 National League South season was curtailed due to Covid-19 in February last year with the Wings spending most of the campaign near the foot of the table.
The campaign saw the majority of games at step 2 without fans allowed in to watch matches due to Covid regulations.
Bradley Quinton started the campaign as manager but he was replaced by former Gillingham boss Steve Lovell.
This season Lovell was replaced early on by another ex-Gills manager in Peter Taylor. Welling are currently second-bottom in National League South, just six points above Billericay - who occupy the sole relegation place -with 12 games left to play. The sides meet this Saturday at New Lodge.
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