The loss compares with a profit of £1.2m the previous year.

Bit duff to only pay 0.8m in tax on 306.4m profit for 2008 don't you think?

Williams posted profits of £5.8m, up 28pc, with revenues down from £108m to £91m.

The exchange turned a profit of just £12.5m in 2010, but any new owner would be likely to significantly increase its fees.

It reported a net profit of $20.9m for the three months ending 30 September compared with $42.9m a year before.

However, the overstretched executive still made £1.3m profit when he sold at 339p.

This year their turnover increased to $22 million and the club posted a $1.5m profit.

During the 28 weeks to September 26 the company made pre-tax profits of £391.1m, compared with £327.5m last year.

In the year to December 2010 the company had profits of £11.9m on sales of £25.4m.

The firm made $298.6m in sales in 2009, with a $71.2m profit.