Notts County Missed Promotion by One Goal in the Play-Off Semi-Finals. They Still Posted One of League Two's Biggest Profits

In the 2024-25 season covered by these accounts, Notts County finished 6th in League Two and reached the play-off semi-finals, losing out on a place in the final and missing the chance to secure back-to-back promotion attempts under manager Stuart Maynard.

The accounts don't disclose a turnover figure for the period, but a pre-tax profit of around £12m stands out as one of the largest in League Two that season, a striking result for a club that came so close to promotion rather than banking a windfall from missing out.

Net assets remain in deficit at around £5m despite the profit, a reminder that a single good year doesn't erase years of accumulated cost at the world's oldest professional football club, whose finances have been steadily rebuilt under American ownership since 2021.

Cash reserves of around £0.8m are modest, but the scale of the pre-tax profit suggests a genuinely strong underlying trading year, likely helped by player sales or other one-off income rather than League Two gate receipts alone.

Missing out on promotion by the finest of margins was a bitter pill for County. Financially, this was one of the healthiest seasons any club in the division produced that year.