Fairway (golf Shops) Limited

Fairway Golf Shops Ltd from Lancashire UK: a small, active company founded 28 years ago, employs 15 people, and holds £1,970,485 in assets. It operates from a virtual address, managed by five directors with no reported owners, and boasts a perfect 5.0 Google rating from 13 reviews. The company is an irregular importer of clothing and accessories, not knitted or crocheted, with just one month of imports recorded as of March 2022.

The business primarily focuses on retail, offering a wide range of golf clubs, bags, trolleys, balls, shoes, and clothing through its online store, Fairway Golf UK. The website features numerous brands like TaylorMade, Ping, Callaway, and Srixon, and even offers custom fitting services. It also has a physical store located at Clays Golf in Wrexham.

Financially, Fairway Golf Shops Ltd shows some concerning trends. Current assets have fallen by 14% to £2,000,000, while net assets have decreased by 7.6% to £760,000. Bank borrowings have increased significantly by 140%, reaching £100,000, and cash reserves have dwindled to just £5. Trade creditors have also decreased by 31%, which could be a positive sign of improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial statements are unaudited.

While the online store appears active and well-regarded, the financial data suggests a period of pressure. The decrease in cash reserves and increase in bank borrowings are particularly noteworthy. It’s possible these trends reflect investments in inventory or marketing to support growth, but it's also possible they indicate tighter margins or delayed payments. The company's virtual address, shared by 28 other companies, is an unusual detail that could be worth investigating further.

Registered in England/Wales under the registration number 03305510, with a registered address at BL9 7HR, Lancashire, 2 Heap Bridge, Bury.

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