National insurance and business rate hikes double fault for Queen’s Club profits

cityam04-08

Business rate and national insurance hikes have hit profits at Queen's Club Business rate hikes and increases to employer national insurance have seen profits at Queen’s Club slump by nearly 20 per ...

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The deal will last a decade and see top male and female players head to west London before going on to the Wimbledon Championships.But the commercial revenue generated by the HSBC Championships goes to the Lawn Tennis Association, the governing body for tennis in the UK, while Queen’s gets a share of funds through the Queen’s Club Foundation, whose accounts are due at the en","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BK4521":"英国银行股","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","HSBC":"汇丰","BK4588":"碎股","HSBH":"HSBC Holdings plc ADRhedged","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4585":"ETF&股票定投概念","NHLD":"National Holdings Corporation","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC"},"translate_title":"国民保险和商业加息对女王俱乐部利润造成双重影响","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBH":0.6,"NHLD":1.5,"HSBC":0.76},"content_text":"Business rate and national insurance hikes have hit profits at Queen's Club Business rate hikes and increases to employer national insurance have seen profits at Queen’s Club slump by nearly 20 per cent.Hosts of the HSBC Championships – dubbed the precursor to Wimbledon – saw profits before tax fall by 17.2 per cent to £1.96m, down from £2.37m the previous year, on increased revenues of £15.5m.The Queen’s Club Limited accounts, filed with Companies House for the year ending 30 September 2025, come despite the HSBC Championships doubling to a two-week tournament to include women’s tennis for the first time in 50 years. The deal will last a decade and see top male and female players head to west London before going on to the Wimbledon Championships.But the commercial revenue generated by the HSBC Championships goes to the Lawn Tennis Association, the governing body for tennis in the UK, while Queen’s gets a share of funds through the Queen’s Club Foundation, whose accounts are due at the end of June.\n\n“The lower profit before taxation was impacted by the following factors,” Queen’s Club’s accounts read. “[The] decision to no longer have court fees; increase in employer national insurance impacting staff costs; higher business rates; and higher depreciation.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nQueen’s Club profits dentedNearly half of the revenue generated at Queen’s Club comes from memberships and maintains a multi-year waiting list.Last year’s grass-court tournament saw Carlos Alcaraz win the men’s title, beating Jiri Lehecka in three sets. Tatjana Maria won the women’s title the week prior, beating Amanda Anisimova 6-3, 6-4 in the final.This year’s tournament takes place between 6 and 21 June ahead of the Championships at the All England Club the following weekend.\n\nQC Holdings Limited is the holding company for The Queen’s Club Limited, and holds its shares.Four directors saw their appointments terminated with their terms concluding after an agreed three years.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2625914415","isCrawlerRequest":true}