Ping Europe Limited

Ping Europe Limited, based in Gainsborough, UK, is a 51-year-old holding company with a strong family business feel. Employing 283 people and boasting assets of £40,811,269, the company operates an e-commerce site and regularly imports clothing and accessories made by knitting or crocheting (404 months of imports) while exporting toys, games, and sports equipment (359 months of exports). Five directors and two owners – Solheim Allan Dale and Solheim John Andrew – steer the ship, which has been around since August 06, 1973.

The company's website, PING.com, showcases a wide range of golf equipment, from drivers and irons to putters and apparel. It’s clear that PING is a major player in the golf industry, with a global presence and a reputation for quality and innovation. The site also highlights custom fitting services and a network of "PING Fitters" worldwide, emphasizing a personalized customer experience. There's a dedicated section for juniors, too, with a range of clubs and equipment designed for younger players.

Looking at the financial picture, Ping Europe Limited’s numbers present a mixed bag. Cash bank on hand jumped a significant 67%, reaching £9.8 million, which is a positive sign. However, net assets increased by a more modest 7.5%, settling at £29 million. Creditors decreased by 5.4%, suggesting improved debt management. However, finished goods plummeted 47%, dropping to £2.9 million, which could indicate challenges in inventory management or reduced demand. Bank borrowings increased by 2,400% to £29,000. The company’s retained earnings accumulated losses remained steady at £7.2 million.

The company’s strategy appears to be focused on maintaining a strong brand presence and expanding its product offerings. The increased cash reserves suggest that the company is well-positioned to invest in new initiatives. The decrease in finished goods could be a temporary blip or a sign of a shift in inventory strategy. Harold Sharp Limited served as the auditor. Overall, Ping Europe Limited appears to be a financially stable company with a strong brand and a clear vision for the future.

Registered in England/Wales under the registration number 01129505, with a registered address at DN21 1XZ, England, Gainsborough, Ping Europe, Corringham Road.

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