Golf Principles Ltd

Golf Principles Ltd, based in Basingstoke, UK, is a large, active company founded 18 years ago. Employing 12 people and holding £632,166 in assets, it operates from a real address and is overseen by four directors and two owners. The company is a regular importer of toys, games, and sports equipment, with 74 months of import activity recorded.

The company's activities are closely tied to Club Champion, a US-based custom club fitting and building services provider. Golf Principles was acquired by Club Champion, continuing its mission to help golfers improve through better fitted equipment. Jason MacNiven, founder of Golf Principles, previously worked for Callaway and TaylorMade, bringing extensive experience in club fitting. The partnership aims to expand Club Champion's reach into the UK market, offering Tour-level fittings and custom club building services.

Financially, Golf Principles Ltd’s report reveals some concerning trends. While turnover increased by 19% to £1.4 million, net losses plummeted by 96% to just £7,100. Cash reserves fell 30% to £290,000, and bank borrowings surged by 2,400% to £29,000. Creditors decreased by 18%, which is a positive sign. Director remuneration increased by 21% to £100,000. The company meets two of three criteria to be classified as a large company, with turnover over £36 million, balance sheet total over £18 million, and employees over 250. The lack of an auditor mentioned suggests the company is exempt as a small company.

Overall, Golf Principles Ltd is facing financial pressures despite increased turnover. The acquisition by Club Champion offers potential for growth, but the company will need to address its losses and manage its debt to ensure long-term sustainability.

Registered in England/Wales under the registration number 06124954, with a registered address at RG24 9NP, England, Basingstoke, Hants, Unit 7 Vickers Business Centre, Priestley Road.

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