North Shore Golf Club(skegness)limited(the)

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north shore golf club(skegness)limited(the) Company Information

Company Number

00158482

Next Accounts

Sep 2025

Directors

William Mitchell

Nichola Mitchell

Shareholders

rg mitchell leisure ltd

Group Structure

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Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

Registered Address

north shore hotel, north shore road, skegness, lincolnshire, PE25 1DN

Website

https://northshoregolf.co.uk

north shore golf club(skegness)limited(the) Estimated Valuation

£2.8m

Pomanda estimates the enterprise value of NORTH SHORE GOLF CLUB(SKEGNESS)LIMITED(THE) at £2.8m based on Net Assets of £1.4m and 1.98x industry multiple (adjusted for liquidity).

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North Shore Golf Club(skegness)limited(the) is a live company located in skegness, PE25 1DN with a Companies House number of 00158482. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in September 1919, it's largest shareholder is rg mitchell leisure ltd with a 100% stake. North Shore Golf Club(skegness)limited(the) is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded North Shore Golf Club(Skegness)Limited(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (10.4%)

EXPORT

North Shore Golf Club(Skegness)Limited(The)'s latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of £1.4 million. According to their latest financial statements, North Shore Golf Club(Skegness)Limited(The) has 45 employees and maintains cash reserves of £107 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,786,144	2,075,383	2,211,419	3,571,999	2,352,079	2,645,369	2,292,967	1,920,682	496,520	3,544,853	1,381,502	977,243	1,485,369	1,436,683
Other Income Or Grants
Cost Of Sales	847,585	1,005,562	1,119,854	1,821,368	1,152,518	1,295,262	1,099,864	898,801	234,522	1,639,706	654,281	471,146	724,642	684,934
Gross Profit	938,559	1,069,821	1,091,566	1,750,631	1,199,561	1,350,107	1,193,104	1,021,881	261,998	1,905,147	727,221	506,098	760,727	751,749
Admin Expenses	870,939	1,024,280	999,885	1,691,086	1,154,201	1,222,916	1,094,590	1,046,940	381,580	1,890,449	758,075	454,278	676,215	834,240	-229,584
Operating Profit	67,620	45,541	91,681	59,545	45,360	127,191	98,514	-25,059	-119,582	14,698	-30,854	51,820	84,512	-82,491	229,584
Interest Payable	43,273	38,449	25,299	20,030	17,119	19,346	21,627	20,938	10,311	6,852	11,305	10,514	6,061
Interest Receivable	3,528	4,392	379	50	113	85	44	24	93	141	145	133	128	117	60
Pre-Tax Profit	27,875	11,484	66,760	39,565	28,354	107,930	76,931	-45,973	-129,799	7,987	-42,014	41,438	78,578	-82,374	229,644
Tax	-6,969	-2,182	-12,684	-7,517	-5,387	-20,507	-14,617			-1,677		-9,945	-20,430		-64,300
Profit After Tax	20,906	9,302	54,076	32,048	22,967	87,423	62,314	-45,973	-129,799	6,310	-42,014	31,493	58,148	-82,374	165,344
Dividends Paid
Retained Profit	20,906	9,302	54,076	32,048	22,967	87,423	62,314	-45,973	-129,799	6,310	-42,014	31,493	58,148	-82,374	165,344
Employee Costs	1,201,447	1,070,019	1,131,270	1,115,961	1,218,712	1,180,871	1,086,338	1,109,059	168,622	1,235,779	474,298	360,074	525,360	498,376
Number Of Employees	45	42	48	50	55	55	54	55	8	58	23	17	26	25
EBITDA*	117,150	100,079	92,965	94,929	79,054	128,514	135,575	-13,796	-29,463	114,377	28,256	104,229	136,872	-17,754	299,805

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,972,146	2,033,971	1,941,293	1,854,993	1,908,641	1,872,060	1,873,529	1,900,786	1,888,806	1,925,701	582,086	593,428	576,275	584,699	635,630
Intangible Assets
Investments & Other				44,886
Debtors (Due After 1 year)
Total Fixed Assets	1,972,146	2,033,971	1,941,293	1,899,879	1,908,641	1,872,060	1,873,529	1,900,786	1,888,806	1,925,701	582,086	593,428	576,275	584,699	635,630
Stock & work in progress	37,720	44,300	39,500	16,000	36,000	36,000	38,600	29,250	26,079	26,079	40,129	30,977	27,624	27,499	31,129
Trade Debtors	4,256	54,743	89,343	177,934	49,233	87,242	51,964	13,647	17,870	159,411	58,675	37,091	62,021	61,131	48,745
Group Debtors
Misc Debtors	13,483	27,762	32,843	51,933	78,648	48,928	121,951	182,532	144,717
Cash	107,042	27,361	223,604	79,494	20,250	9,988	12,557	5,151	14,424	22,907	33,392	24,594	28,444	22,827	24,159
misc current assets
total current assets	162,501	154,166	385,290	325,361	184,131	182,158	225,072	230,580	203,090	208,397	132,196	92,662	118,089	111,457	104,033
total assets	2,134,647	2,188,137	2,326,583	2,225,240	2,092,772	2,054,218	2,098,601	2,131,366	2,091,896	2,134,098	714,282	686,090	694,364	696,156	739,663
Bank overdraft	28,195	55,835	28,195	28,195	159,054	150,091	180,436	198,952	143,206		133,727	48,822	91,135
Bank loan
Trade Creditors	109,815	107,776	116,922	129,175	155,461	121,580	154,507	148,723	172,874	403,506	216,695	203,152	213,247	461,699	417,332
Group/Directors Accounts	36,000	26,000	14,207	16,197	24,000	24,000	24,000	24,000	24,000
other short term finances
hp & lease commitments					411	1,460	10,892	27,619	12,894		11,640	11,640	3,720	10,783
other current liabilities	71,809	59,032	125,811	81,805	100,080	89,470	77,964	69,052	53,077
total current liabilities	245,819	248,643	285,135	255,372	439,006	386,601	447,799	468,346	406,051	403,506	362,062	263,614	308,102	472,482	417,332
loans	331,233	354,037	371,386	381,804	87,661	110,427	132,247	153,811	174,049		77,092	88,195	95,370
hp & lease commitments							1,509	10,245	6,910		20,327	31,966	14,570
Accruals and Deferred Income	1,894	13,000	25,000	37,000	49,000	61,000	73,000	85,000	95,000
other liabilities	156,143	193,805	275,712	235,790	233,879	235,931	271,210	303,442	253,391	444,298	120,729	126,229	131,729	137,229	153,512
provisions
total long term liabilities	489,270	560,842	672,098	654,594	370,540	407,358	477,966	552,498	529,350	444,298	218,148	246,390	241,669	137,229	153,512
total liabilities	735,089	809,485	957,233	909,966	809,546	793,959	925,765	1,020,844	935,401	847,804	580,210	510,004	549,771	609,711	570,844
net assets	1,399,558	1,378,652	1,369,350	1,315,274	1,283,226	1,260,259	1,172,836	1,110,522	1,156,495	1,286,294	134,072	176,086	144,593	86,445	168,819
total shareholders funds	1,399,558	1,378,652	1,369,350	1,315,274	1,283,226	1,260,259	1,172,836	1,110,522	1,156,495	1,286,294	134,072	176,086	144,593	86,445	168,819

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	67,620	45,541	91,681	59,545	45,360	127,191	98,514	-25,059	-119,582	14,698	-30,854	51,820	84,512	-82,491	229,584
Depreciation	49,530	54,538	1,284	35,384	33,694	1,323	37,061	11,263	90,119	99,679	59,110	52,409	52,360	64,737	70,221
Amortisation
Tax	-6,969	-2,182	-12,684	-7,517	-5,387	-20,507	-14,617			-1,677		-9,945	-20,430		-64,300
Stock	-6,580	4,800	23,500	-20,000		-2,600	9,350	3,171		-14,050	9,152	3,353	125	-3,630	31,129
Debtors	-64,766	-39,681	-107,681	101,986	-8,289	-37,745	-22,264	33,592	3,176	100,736	21,584	-24,930	890	12,386	48,745
Creditors	2,039	-9,146	-12,253	-26,286	33,881	-32,927	5,784	-24,151	-230,632	186,811	13,543	-10,095	-248,452	44,367	417,332
Accruals and Deferred Income	1,671	-78,779	32,006	-30,275	-1,390	-494	-3,088	5,975	148,077
Deferred Taxes & Provisions
Cash flow from operations	185,237	44,853	184,215	-51,135	114,447	114,931	136,568	-68,735	-115,194	212,825	11,063	105,766	-133,025	17,857	572,963
Investing Activities
capital expenditure	12,295	-147,216	-87,584	18,264	-70,275	146	-9,804	-23,243	-53,224	-1,443,294	-47,768	-69,562	-43,936	-13,806	-705,851
Change in Investments			-44,886	44,886
cash flow from investments	12,295	-147,216	-42,698	-26,622	-70,275	146	-9,804	-23,243	-53,224	-1,443,294	-47,768	-69,562	-43,936	-13,806	-705,851
Financing Activities
Bank loans
Group/Directors Accounts	10,000	11,793	-1,990	-7,803					24,000
Other Short Term Loans
Long term loans	-22,804	-17,349	-10,418	294,143	-22,766	-21,820	-21,564	-20,238	174,049	-77,092	-11,103	-7,175	95,370
Hire Purchase and Lease Commitments				-411	-1,049	-10,941	-25,463	18,060	19,804	-31,967	-11,639	25,316	7,507	10,783
other long term liabilities	-37,662	-81,907	39,922	1,911	-2,052	-35,279	-32,232	50,051	-190,907	323,569	-5,500	-5,500	-5,500	-16,283	153,512
share issue										1,145,912					3,475
interest	-39,745	-34,057	-24,920	-19,980	-17,006	-19,261	-21,583	-20,914	-10,218	-6,711	-11,160	-10,381	-5,933	117	60
cash flow from financing	-90,211	-121,520	2,594	267,860	-42,873	-87,301	-100,842	26,959	16,728	1,353,711	-39,402	2,260	91,444	-5,383	157,047
cash and cash equivalents
cash	79,681	-196,243	144,110	59,244	10,262	-2,569	7,406	-9,273	-8,483	-10,485	8,798	-3,850	5,617	-1,332	24,159
overdraft	-27,640	27,640		-130,859	8,963	-30,345	-18,516	55,746	143,206	-133,727	84,905	-42,313	91,135
change in cash	107,321	-223,883	144,110	190,103	1,299	27,776	25,922	-65,019	-151,689	123,242	-76,107	38,463	-85,518	-1,332	24,159

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NORTH SHORE GOLF CLUB(SKEGNESS)LIMITED(THE) group structure

North Shore Golf Club(Skegness)Limited(The) has no subsidiary companies.

Ultimate parent company

MITCHELL LEISURE GROUP LIMITED

08938159

R G MITCHELL (LEISURE) LIMITED

04128011

2 parents

NORTH SHORE GOLF CLUB(SKEGNESS)LIMITED(THE)

00158482

NORTH SHORE GOLF CLUB(SKEGNESS)LIMITED(THE) Shareholders

rg mitchell leisure ltd

100%

North Shore Golf Club(Skegness)Limited(The) currently has 2 directors. The longest serving directors include Mr William Mitchell (Feb 1993) and Mrs Nichola Mitchell (May 2014).

officer	country	age	start	end	role
Mr William Mitchell	England	60 years	Feb 1993	-	Director
Mrs Nichola Mitchell	England	58 years	May 2014	-	Director

P&L

December 2023

turnover

1.8m

-14%

operating profit

67.6k

gross margin

52.6%

+1.94%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.4m

+0.02%

total assets

2.1m

-0.02%

cash

107k

+2.91%

net assets

Total assets minus all liabilities

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company number

00158482

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

55100 - Hotels and similar accommodation

incorporation date

September 1919

ultimate parent company

MITCHELL LEISURE GROUP LIMITED

previous names

N/A

address

north shore hotel, north shore road, skegness, lincolnshire, PE25 1DN

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 8 charges/mortgages relating to north shore golf club(skegness)limited(the). Currently there are 4 open charges and 4 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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north shore golf club(skegness)limited(the) Company Information

north shore golf club(skegness)limited(the) Estimated Valuation

north shore golf club(skegness)limited(the) Estimated Valuation

north shore golf club(skegness)limited(the) Estimated Valuation

North Shore Golf Club(skegness)limited(the) Overview

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NORTH SHORE GOLF CLUB(SKEGNESS)LIMITED(THE) financials

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north shore golf club(skegness)limited(the) Ownership

north shore golf club(skegness)limited(the) directors

north shore golf club(skegness)limited(the) company details

north shore golf club(skegness)limited(the) Charges & Mortgages

north shore golf club(skegness)limited(the) Capital Raised & Share Issues BETA

north shore golf club(skegness)limited(the) Companies House Filings - See Documents