AMERICAN GOLF (TRADING) LIMITED

1. AMERICAN GOLF (TRADING) LIMITED 2018-10-12 → present
2. ENDLESS NEWCO 12 LIMITED 2018-03-29 → 2018-10-12

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

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared financial forecasts which include profit and loss and cash flows for the period to January 2027. The Directors have stress tested the forecasts and identified a number of critical measures which will be actioned, if necessary, to ensure the Company has sufficient resources to manage through the pinch points identified and meet their liabilities as they fall due. Therefore, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company has net liabilities at 26 January 2025 of £17.1m (2024: £12.9m), including amounts owing of £29.2m to the ultimate controlling party, Endless Fund IV A LP. Endless Fund IV A LP have confirmed their support of the Company, comprising confirmation that amounts owed including interest within the forecast period will not be called upon and confirming additional financial resources that will be made available should it be required to ensure the Company meet its debts as they fall due.”

Significant events

• “The Company has entered into a cross party guarantee with a fellow group company, International Leisure Brands Limited, in relation to the borrowings from the ultimate controlling party. At the balance sheet date the potential liability that could arise from this guarantee is £1,600,000 (2024: £1,600,000).”
• “On 4 September 2023 the Company granted a charge in favour of Barclays Bank PLC. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”
• “On 22 December 2022 the Company granted a charge in favour of Endless LLP. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”
• “On 21 July 2022 the Company granted a charge in favour of Endless LLP. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”
• “On 15 April 2021 the Company granted a charge in favour of Endless LLP as security trustee for itself and other finance parties. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”
• “On 14 March 2020 the Company granted a charge in favour of Endless LLP as security trustee for itself. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”
• “On 15 October 2019 the Company granted a charge in favour of Endless LLP as security trustee for itself and other finance parties. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”
• “On 12 October 2018 the Company granted a charge in favour of Endless LLP as security trustee for itself and other finance parties. The charge contains a fixed and floating charge over all the property or undertaking of the Company and contains a negative pledge.”

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

Filings

12

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -0.8%

  £135,836,052 → £134,704,590

• Cash

  -12.8%

  £1,938,496 → £1,690,307

• Net assets

  -33.1%

  -£12,883,240 → -£17,145,908

• Employees

  -0.3%

  702 → 700

• Operating profit

  +8.3%

  -£3,062,339 → -£2,806,960

• Profit before tax

  +10%

  -£5,512,031 → -£4,959,726

• Wages

  +6.4%

  £18,430,415 → £19,603,555

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