Worcestershire reports loss of just over £200,000 for 2022 - its first deficit since 2019
County Championship Division 2 club says it will be "focused on strict cost control" while "seeking to maximize all business opportunities to increase profitability.
They were particularly hard hit by a 49% increase in energy bills.
Record inflation hit their pre-tax profits of £1.9m.
But the club's debt has been reduced by £173,000 - and its membership has increased to 2,459, generating a 20% increase in club revenue. subscriptions.
Revenue from catering (£956,213), sponsorship and advertising (310,975 £) and match tickets (£287,816) have also increased significantly in 2022.
Good that they remain depreciated by their annual seven-figure payment from the England & Wales Cricket Board, as received by all counties, the club say they are still not generating the type of income they were generating before the pandemic of Covid.
"We have yet to rebound to the levels seen in 2019," a statement said. of the club. , unlike last year's profit of £8,477, was almost entirely due to cricket expenses, which rose in 2022 by £205,506, of which 54% was spent on wages.
This follows an increase in the size of the gaming team, as well as an increase in support staff, staff on the ground and game day stewards.
The Pears have parted ways with head coach Alex Gidman at the end of last season, appointing his assistant Alan Richardson to replace him.
They must also complete the role of chief executive of cricket, first announced last July.
They've spoken to ex-Warwickshire and England supremo Ashley Giles, but aren't yet all agreed.
Former Pears fast pitcher Paul Pridgeon, 69, who was due to retire at the end of last season, remained in his role as Chairman of the County Cricket Steering Group for the time being.
"It continues to be a challenge to find a balance between rewarding our dedicated employees and controlling costs," the club said.
"Significant price pressure from suppliers has been unrelenting, with UK inflation at record highs, particularly for food ingredients.
"We have absorbed these costs at current membership and ticket prices.
County Championship Division 2 club says it will be "focused on strict cost control" while "seeking to maximize all business opportunities to increase profitability.
They were particularly hard hit by a 49% increase in energy bills.
Record inflation hit their pre-tax profits of £1.9m.
But the club's debt has been reduced by £173,000 - and its membership has increased to 2,459, generating a 20% increase in club revenue. subscriptions.
Revenue from catering (£956,213), sponsorship and advertising (310,975 £) and match tickets (£287,816) have also increased significantly in 2022.
Good that they remain depreciated by their annual seven-figure payment from the England & Wales Cricket Board, as received by all counties, the club say they are still not generating the type of income they were generating before the pandemic of Covid.
"We have yet to rebound to the levels seen in 2019," a statement said. of the club. , unlike last year's profit of £8,477, was almost entirely due to cricket expenses, which rose in 2022 by £205,506, of which 54% was spent on wages.
This follows an increase in the size of the gaming team, as well as an increase in support staff, staff on the ground and game day stewards.
The Pears have parted ways with head coach Alex Gidman at the end of last season, appointing his assistant Alan Richardson to replace him.
They must also complete the role of chief executive of cricket, first announced last July.
They've spoken to ex-Warwickshire and England supremo Ashley Giles, but aren't yet all agreed.
Former Pears fast pitcher Paul Pridgeon, 69, who was due to retire at the end of last season, remained in his role as Chairman of the County Cricket Steering Group for the time being.
"It continues to be a challenge to find a balance between rewarding our dedicated employees and controlling costs," the club said.
"Significant price pressure from suppliers has been unrelenting, with UK inflation at record highs, particularly for food ingredients.
"We have absorbed these costs at current membership and ticket prices.
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