PROFESSIONAL GOLFERS' ASSOCIATION LIMITED(THE)

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On the basis of procedures performed, the directors of the PGA have concluded the group has sufficient funds to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements and they have been prepared on that basis. There are no material uncertainties that may cast significant doubt upon the group's ability to continue as a going concern.”

Group structure

1. PROFESSIONAL GOLFERS' ASSOCIATION LIMITED(THE) · parent
   1. PGA Golf Management Limited 100% · Golf Industry Membership Organisation
   2. PGA Travel Limited 100% · Dormant
   3. WPGA Limited 100% · Dormant
   4. The British Professional Golf Tour Limited 100% · Dormant
   5. PGA Holdings Limited 100% · Dormant

Significant events

• “The consolidated pre-tax loss of £1,241k in 2024 (2023 - profit £1,485k) is consistent with the long-term strategic business plan of the Association, to improve the Personal and Professional lives of Members. This includes The PGA share of Ryder Cup Europe LLP losses (£938k) in 2024, that should be viewed in the context of 2024 being year one of a four-year cycle, ending with the European home match in Ireland in 2027.”
• “The PGA has continued its investment in the PGA Tournament programme, with the further progression of the Open Series and Order of Merit in 2024; with growth in participation from Members, and tournament prize funds continuing to increase. Due to the success of the tournament programme in 2024, prize funds will continue to increase in 2025, with the PGA Professional Championship, the Senior Professional Championship, and the Welsh National PGA Championship, among many others, all seeing significant increases in the prize funds being played for.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +4.2%

  £12,278,000 → £12,789,000

• Cash

  -26.5%

  £2,249,000 → £1,654,000

• Net assets

  -11%

  £8,896,000 → £7,915,000

• Employees

  -3.1%

  129 → 125

• Operating profit

  -260.3%

  £1,003,000 → -£1,608,000

• Profit before tax

  -183.6%

  £1,485,000 → -£1,241,000

• Wages

  +5.2%

  £4,375,000 → £4,601,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers