Drift Golf Club Limited

Drift Golf Club Ltd from Horsham UK: a small holding company with an active status, has been a fixture for 54 years. Employing 41 people and boasting assets of £375,707, it operates from a virtual address – fourteen companies registered at the same location – and is overseen by two directors and one owner. A Google rating of 5.0 from 236 reviews speaks to its popularity. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import operation occurring over a year ago in June 2022.

The company's website paints a picture of a thriving leisure and hospitality venue. Drift Golf Club offers a full range of services, from tee times and golf lessons to weddings and corporate events. It even features a driving range with ball tracking technology and a professional shop. The site highlights the club's stunning location, designed by celebrated architect Robert Sandow, and emphasizes its suitability for both serious golfers and special occasions. The venue clearly aims to be a one-stop destination for golf enthusiasts and event planners alike.

Financially, Drift Golf Club Ltd presents a mixed picture. While current assets grew by a modest 6.9% to £380,000, net assets declined by 4.8% to £2,800,000. Bank borrowings increased significantly by 230% to £98,000, and cash reserves remained stable at £120,000. Creditors also increased by 110% to £34,000. The company’s small size – meeting two of three conditions for a small company – helps with agility, but the increase in borrowings and the decline in net assets suggest a need for careful financial management. The company’s unaudited accounts, overseen by Ritchie Phillips LLP, rely on director-reported data.

The increase in borrowings, coupled with the decline in net assets, could be attributed to recent investments in the course or facilities, as mentioned on the website. However, it's also possible that changing market conditions or increased competition are putting pressure on the business. The company's future success will depend on its ability to attract and retain members, generate revenue from events, and manage its finances effectively.

Registered in England/Wales under the registration number 00991242, with a registered address at RH12 1TL, United Kingdom, Horsham, West Sussex, Ground Floor Afon House, Worthing Road.

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