Northamptonshire are back in the black having made a profit of £22,000 last year.
The figure represents an improvement on a £32,000 loss in 2010 and was helped by funding from the England and Wales Cricket Board following an audit of county facilities and the successful staging of an Elton John concert which attracted 15,000 fans to Wantage Road.
There was a slight decrease in income in difficult trading conditions which had an adverse effect on corporate hospitality revenue and advertising income.
While team salary payments increased by almost £100,000, Northamptonshire’s Friends Life t20 attendances suffered from having two rain-blighted home matches against Derbyshire and Nottinghamshire.
David Smith, who took over as Northamptonshire’s chief executive last month, said he was pleased with the profit but has warned that this year threatens to be a challenging one with slow economic growth and rival sporting attractions.
Smith, who was previously Leicestershire chief executive, has cancelled Northamptonshire’s planned pre-season tour to South Africa next month as an early cost-cutting measure.
“Overall the club is pleased with the progress made during the year and I believe we are well placed to benefit from the investments made,” Smith said.
“On the cricket front, many of our players at various stages this winter, have enjoyed cricket abroad including Andrew Hall, Niall O’Brien, Jack Brooks, Stephen Peters, Kyle Coetzer, David Willey and Chaminda Vaas.
“Many of our younger players have also had spells of cricket out of the country so we feel we will be very well prepared for our first four day Championship match of the season on April 5.
“With this in mind and with the current challenging economic trading conditions we recently made the decision that the playing staff would not be spending two weeks in South Africa as previously planned but would instead, with a number of other first-class counties, prepare for the coming season in home conditions.”