Golfmad Limited

Golfmad Limited, based in Droitwich, UK, is a small, family-run business with an active status. Founded eight years ago, the company employs just two people and holds £115,327 in assets. It operates from a real address at the Copcut Golf Centre and is overseen by two directors and owners. Boasting a perfect 5.0 Google rating from five reviews, Golfmad Limited appears to be a well-regarded local operation.

The company’s website showcases a comprehensive golf experience. Copcut Golf Centre offers state-of-the-art facilities, including a driving range with Toptracer technology, a custom fitting centre for trusted brands like TaylorMade and Srixon, and expert PGA golf lessons. They also offer club repairs and a loyalty program, indicating a focus on customer retention. The site's emphasis on custom fitting suggests a higher-end service catering to serious golfers.

Financially, Golfmad Limited shows some concerning trends. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, net assets have declined by 20% to -£21,000. Cash reserves have fallen by 4.3% to £33,000, and bank borrowings have completely disappeared. Creditors have also decreased, which is good, but the overall picture suggests the company is burning through cash. Trade debtors have plummeted, which is good, but the decrease in cash and increase in creditors are a little worrying. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Golfmad Limited appears to be a popular local business with a strong online presence, but its financials suggest it may be struggling to maintain a healthy cash flow. The company’s focus on high-end services and customer loyalty may help it weather the storm, but a closer eye on expenses is probably needed.

Registered in England/Wales under the registration number 10156650, with a registered address at WR9 7JB, England, Droitwich, Worcestershire, Copcut Golf Centre, Copcut Lane.

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