Livingston Won Promotion on a Balance Sheet in the Red
A cup win and a play-off comeback took Livingston back up. Their small-company accounts show little else beyond net liabilities.
Not in the 2026-27 Premiership. Livingston play in the Scottish Championship this season; this review covers the accounts from their last top-flight years.
In the 2024-25 season covered by these accounts, which run to June 2025, Livingston were in the Championship after relegation the year before. They won the Challenge Cup, beating Queen's Park 5-0 in the final, and came from two goals down in the play-off final to beat Ross County 5-3 on aggregate and win promotion under David Martindale.
Livingston file small-company accounts, so the filing doesn't disclose turnover, pre-tax profit or staff costs. We can't measure how much promotion cost or what the club earned from the cup run and the play-offs, which for a Championship club can be a meaningful share of a season's income.
What is filed shows net liabilities of around £2m and cash of around £0.5m at the year end, with 64 employees. That is a modest base for a club heading back into the top flight, where the gap to the established Premiership clubs in income and squad depth is wide.
Livingston finished bottom of the Premiership in 2025-26 and are back in the Championship for 2026-27.
Livingston went up with negative net assets and little cash, and lasted a single season in the top flight.
Filed by LIVINGSTON FOOTBALL CLUB LIMITED (company SC142420), for the year to 2025-06-30.
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