Centurion Golf Plc

Centurion Golf Plc, based in Ascot, UK, is a large, active company founded thirteen years ago in 2012. With seventy-four employees and £2,837,299 in assets, it operates from a virtual address, a detail worth noting as fifty-four companies share the same registration address. The company is led by three directors and owned by Evans James Scott and Pronk Bertus. It's an irregular importer, primarily dealing in toys, games, and sports equipment, with just two months of import activity recorded as of June 2023.

The company’s core business involves the operation of sports facilities and activities of sport clubs, as stated on their website. While no e-commerce presence is apparent, the company’s activities suggest a focus on providing services and facilities to golf enthusiasts. It’s a private members golf club, and even has a showroom in Harrods, London.

Financially, Centurion Golf Plc presents a mixed picture. While current assets increased by 22%, reaching £2,800,000, net assets declined by 19% to £6,400,000. Bank borrowings surged by 160%, reaching £1,100,000, and cash reserves fell by 78%, dropping to £82,000. Creditors decreased by 18%, suggesting better debt management. The company’s size (meeting two of three criteria for a large company) helps it stay agile, but the equity drop raises questions. The accounts are audited by Kirk Rice LLP.

The significant increase in bank borrowings and decrease in cash reserves, coupled with the drop in equity, suggests the company may be burning through money, perhaps investing in new facilities or facing unexpected expenses. The reliance on bank debt could be a concern if revenue doesn’t increase to match the increased borrowing costs. It’s also worth noting that the company’s virtual address and the large number of companies registered at the same address could raise questions about its operational transparency.

Registered in England/Wales under the registration number 07935256, with a registered address at SL5 7HP, United Kingdom, Ascot, Berkshire, The Courtyard, High Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.