Hamilton Academical's parent company, 1874 Holdings, has published its accounts just days before a compulsory strike-off deadline, revealing £1.3m owed to creditors and a mystery £1.3m asset that appeared between 2024 and 2025.
Accounts filed after strike-off threat
The accounts were submitted to Companies House two days ago, after a compulsory strike-off notice had been served against the firm in April. The notice has now been discontinued. New owner Rob Edwards, who also owns 1874 Holdings, had insisted the accounts would be published "well before" the deadline.
According to the filings, current assets jumped from just £705 in 2024 to £1.3m in 2025. Fixed assets stand at only £1. Meanwhile, the amount due to creditors within one year increased substantially from £1,265 in 2024 to just over £1.3m in 2025.
Mystery asset raises questions
1874 Holdings does not own the club's stadium at New Douglas Park, nor does the football club itself. This has left fans questioning the nature of the £1.3m asset and its origin. The accounts do not specify what the asset comprises.
The publication comes as Hamilton Academical appears to be spending on new signings, following the lifting of a FIFA and SPFL transfer ban earlier this week. Supporters were told at a fan forum earlier this month that the club's wage bill had been halved, but it is understood Accies are significantly outbidding other SPFL rivals in player offers.
Outstanding debts and pension issues
The football club has been reported to The Pensions Regulator again, as some pension contributions for November, December, January and February remain outstanding. Additionally, Document Solutions, of which former Accies director Gerry Strain is a board member, is pursuing the club for approximately £320,000 in what it claims are loans used to fund the club.
In January 2025, Lanarkshire Live Sport revealed Accies were around £5m in debt when Mr Edwards took over, a story that led to him banning the outlet from contacting the club.
