Professional Golf Europe Ltd

Professional Golf Europe Ltd, based in St Eval, UK, is a small holding company with an active status, celebrating 20 years since its founding in 2005. With just four employees and £711,489 in assets, it operates from a real address and is overseen by four directors and two owners. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on four reviews. It’s a regular importer and exporter of toys, games, and sports equipment, with 93 months of import activity and 202 months of export activity recorded, the latest being August 2024.

The company’s website, Elite Sports Brands, serves as a global distributor for prestigious brands like VEGA Golf, Radius Putters, Shimada Shafts, and Iomic Grips. It operates an official online store, offering a wide range of golf accessories and equipment. The site’s extensive country list—spanning Australia to the United Arab Emirates—suggests a broad international reach. It also has a section for potential distributors, indicating a desire to expand its network.

Financially, Professional Golf Europe Ltd’s recent performance shows some concerning trends. Current assets have fallen by 38% to £710,000, while net assets have plummeted 39% to £550,000. Cash reserves have also decreased by 34%, sitting at £180,000. Bank borrowings have increased significantly, rising by 1800%, reaching £710. Trade debtors have also decreased by 14%, which could be a positive sign of better debt collection. The company’s small size—meeting two of three criteria for being considered small—helps it remain flexible, but the decline in equity is something to keep an eye on. The unaudited accounts, as is typical for small companies, rely on director-reported data.

While the company’s website and product range suggest a strong brand presence, the financials indicate a period of adjustment. The decrease in cash reserves and the rise in bank borrowings suggest the company is burning through money, and the decline in net assets is a cause for concern. Whether these trends are temporary or indicative of longer-term challenges remains to be seen.

Registered in England/Wales under the registration number 05340239, with a registered address at PL27 7FY, England, St Eval, Cornwall, 1 Golden Burn Walk.

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