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Despite the issue some UK traders will have with the name – surely it should read ‘Football’ and not ‘Soccer’ – Goals Soccer Centres is due to issue its annual report at the beginning of September, and July’s trading update has provided shareholders with optimism that the company has managed to maintain its rate of growth.
The trading update confirmed that the company had managed to reduce its debt by 10% over the previous 12 months, down to £48.5 million. The board believes the 43 football centres in England and Scotland have given them a ‘national footprint’ and that it has reached ‘critical mass’.
In the run up to the release of its annual figures the share price has jumped from 124p at the start of the year to the current price of 160p. This 29% jump has partly been inspired by July's trading update and partly as a result of the continuing rumours, in both The Times and The Daily Express, over a possible bid by a private equity firm.