LIV GOLF LTD

• ⚠

  Material uncertainty over going concern

  At this point in time, the Group and Parent Company, not being a party itself or part of any ongoing discussions, is not able to ascertain with certainty the substance, timing or implications of any transaction which may arise from the Framework Agreement and/or subsequent transactions related to the Framework Agreement, including the impact a transaction (if one were to ultimately occur) would have on the Parent Company or the Group. As a result, the directors have concluded that there is a material uncertainty which may cast significant doubt over the Group and Parent Company's ability to continue as a going concern.

• ◆

  5 officer resignations in last 12 months

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

1. LIV GOLF LTD 2021-10-26 → present
2. PERFORMANCE54I (UK) LTD 2021-06-23 → 2021-10-26

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

IFRS

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At this point in time, the Group and Parent Company, not being a party itself or part of any ongoing discussions, is not able to ascertain with certainty the substance, timing or implications of any transaction which may arise from the Framework Agreement and/or subsequent transactions related to the Framework Agreement, including the impact a transaction (if one were to ultimately occur) would have on the Parent Company or the Group. As a result, the directors have concluded that there is a material uncertainty which may cast significant doubt over the Group and Parent Company's ability to continue as a going concern.”

Group structure

1. LIV GOLF LTD · parent
   1. Wedge IP Management Co Ltd 100% · UK · Ordinary Dormant
   2. LIV Golf Events Ltd 100% · UK · Acting an agent, acting on behalf of LIV Golf Ltd, to assist it in organising the Group's golf events held outside of the United States
   3. Wedge EventCo 6 Ltd 100% · UK · Ordinary Non-trading company

Significant events

• “On the 6 June 2023, the PGA Tour, the Group's principal competitor, and the Group's immediate parent company, LIV Golf Investments Limited ("LIV Golf"), agreed to set aside all existing litigation between them, which mitigates this risk”
• “The PIF entered into a framework agreement on June 6, 2023 (as amended, the Framework Agreement) with the PGA Tour and DP World Tour regarding a potential long-term partnership and agreement to dismiss certain ongoing litigation between the parties and the LIV Golf Group. Further, on February 1, 2024 the PGA Tour announced the establishment of PGA Tour Enterprises and a concurrent investment from Strategic Sports Group (the SSG Transaction)”

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

4

last 24 months

Officers appointed

2

last 12 months

Officers resigned

5

last 12 months

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

• Turnover

  +74.9%

  £27,510,007 → £48,121,572

• Cash

  +55.5%

  £15,028,169 → £23,369,904

• Net assets

  -164.5%

  -£17,173,462 → -£45,422,535

• Employees

  +16%

  75 → 87

• Operating profit

  -16.8%

  -£292,329,874 → -£341,340,252

• Profit before tax

  -17.1%

  -£292,033,358 → -£341,998,517

• Wages

  -27.5%

  £8,859,155 → £6,424,759

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