PING EUROPE LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PING EUROPE LIMITED 1999-07-29 → present
2. KARSTEN (U.K.) LIMITED 1973-08-16 → 1999-07-29

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Harold Sharp Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. PING EUROPE LIMITED · parent
   1. Ping Scandinavia AB 100% · Agents for the sale of golf equipment

Significant events

• “2023 was our record sales year for the Group, 2024 was always going to be behind this due to the lower and smaller level of product launches.”
• “2025 brings the launch of the G440 family of golf equipment and there is a belief that this will follow favourably from the success of the G430.”
• “The Group also continued to invest in renewing the facilities and golf courses at Thonock Park, whose results are included in these financial statements.”
• “As electricity contracts have been procured with 100% renewable energy from 1st April 2024, zero emissions are recorded for Scope 2 purchased electricity from this month onwards.”
• “The 2023 energy emission figures have been restated, there was an ongoing dispute that has now been settled, where it was not clear the ownership and usage of a gas meter. This has now been included in the energy emissions in 2023 and 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9.8%

  £107,580,627 → £97,039,957

• Cash

  -25.9%

  £10,730,449 → £7,949,755

• Net assets

  -6.5%

  £29,583,935 → £27,653,185

• Employees

  +3.4%

  295 → 305

• Operating profit

  -56.9%

  £9,262,805 → £3,994,480

• Profit before tax

  -56.8%

  £9,316,399 → £4,023,085

• Wages

  +2%

  £12,920,426 → £13,181,085

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers