World Golf Systems Limited

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world golf systems limited Company Information

Live

MatureSmallDeclining

Company Number

03439400

Website

www.worldgolfsystems.com

Registered Address

first floor radius house, 51 clarendon road, watford, hertfordshire, WD17 1HP

Industry

Activities of sport clubs

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

David Jolliffe27 Years

Steven Jolliffe27 Years

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Shareholders

steven paul jolliffe 25.3%

david victor jolliffe 25.1%

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world golf systems limited Estimated Valuation

£20.6m

Pomanda estimates the enterprise value of WORLD GOLF SYSTEMS LIMITED at £20.6m based on an EBITDA of £6.7m and a 3.08x industry multiple (adjusted for size and gross margin).

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World Golf Systems Limited is a live company located in watford, WD17 1HP with a Companies House number of 03439400. It operates in the activities of sport clubs sector, SIC Code 93120. Founded in September 1997, it's largest shareholder is steven paul jolliffe with a 25.3% stake. World Golf Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.

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Pomanda's financial health check has awarded World Golf Systems Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.9m, make it larger than the average company (£390.9k)

Growth

3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (10.6%)

EXPORT

World Golf Systems Limited's latest turnover from December 2023 is estimated at £1.9 million and the company has net assets of £2.1 million. According to their latest financial statements, World Golf Systems Limited has 3 employees and maintains cash reserves of £1.1 million 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	1,938,109	1,000,000	756,152	8,418,896	4,800,007	209,605	381,200	362,270	645,482	44,040,480	3,489,185	3,564,183	6,524,982	1,654,222	1,789,607
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	954,307	0	0	3,994,912	2,117,376	89,661	167,050	156,349	286,504	20,547,372	1,623,420	1,766,826	3,078,624	265,993	337,486
Gross Profit	983,802	1,000,000	756,152	4,423,984	2,682,631	119,944	214,150	205,921	358,978	23,493,108	1,865,765	1,797,357	3,446,358	1,388,229	1,452,121
Admin Expenses	-5,106,823	1,250,688	1,104,419	4,085,035	2,439,349	56,670	-62,041	406,649	549,665	21,876,080	2,007,715	1,924,641	4,195,395	1,259,314	1,481,162
Operating Profit	6,090,625	-250,688	-348,267	338,949	243,282	63,274	276,191	-200,728	-190,687	1,617,028	-141,950	-127,284	-749,037	128,915	-29,041
Interest Payable	67,833	43,428	8,829	30,500	0	0	3,250	3,125	0	0	0	0	9,750	6,068	14,273
Interest Receivable	33,794	0	0	452	2,831	1,778	941	1,256	1,843	66	249	907	820	2,682	7,064
Pre-Tax Profit	6,056,585	-294,116	-357,096	308,901	246,112	65,052	273,881	-202,597	-188,844	1,617,094	-141,701	-126,377	-757,967	125,529	-3,798,803
Tax	-1,514,146	-202,508	69,105	-58,691	-46,761	-12,360	-52,037	0	0	-339,590	0	0	0	145,127	166,999
Profit After Tax	4,542,439	-496,624	-287,991	250,210	199,351	52,692	221,844	-202,597	-188,844	1,277,504	-141,701	-126,377	-757,967	270,656	-3,631,804
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000
Retained Profit	4,542,439	-496,624	-287,991	250,210	199,351	52,692	221,844	-202,597	-188,844	1,277,504	-141,701	-126,377	-757,967	270,656	-3,731,804
Employee Costs	61,840	59,229	64,578	61,076	65,267	64,779	59,412	60,804	303,070	19,005,786	1,512,236	1,638,627	2,829,544	393,273	641,820
Number Of Employees	3	3	3	3	3	3	3	3	13	806	67	70	125	9	14
EBITDA*	6,676,029	384,503	261,313	877,989	587,018	351,900	354,756	-121,982	-114,466	1,691,132	-66,646	-30,719	-590,279	285,939	1,464,759

* 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	2,762	4,623	6,672	8,557	6,585	5,290	2,724	7,090	12,186	1,578	455	848,705	63,775	144,111	187,191
Intangible Assets	1,632,522	2,032,913	2,411,388	2,629,395	2,584,929	2,218,640	2,171,317	1,687,493	1,533,057	1,275,346	1,001,818	2,110	763,978	1,378,725	1,205,472
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	187,017	0	0	0	0	0	0	0	0	0	227	0
Total Fixed Assets	1,635,284	2,037,536	2,418,060	2,824,969	2,591,514	2,223,930	2,174,041	1,694,583	1,545,243	1,276,924	1,002,273	850,815	827,753	1,523,063	1,392,663
Stock & work in progress	73,475	12,396	0	96,556	0	0	0	0	0	0	42,216	49,176	21,872	26,738	60,613
Trade Debtors	204,832	331,463	1,109,521	728,992	443,238	0	0	0	0	1,887,388	145,891	175,495	271,977	1,262,889	658,571
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	17,273	199,863	149,781	632,144	399,188	300,233	253,876	247,091	149,002	0	0	0	0	0	376,185
Cash	1,092,074	259,669	220,435	517,243	387,276	367,558	106,473	269,849	734,800	2,229	24,061	75,441	287,405	40,505	278,512
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,387,654	803,391	1,479,737	1,974,935	1,229,702	667,791	360,349	516,940	883,802	1,889,617	212,168	300,112	581,254	1,330,132	1,373,881
total assets	3,022,938	2,840,927	3,897,797	4,799,904	3,821,216	2,891,721	2,534,390	2,211,523	2,429,045	3,166,541	1,214,441	1,150,927	1,409,007	2,853,195	2,766,544
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	36,354	20,099	101,200	129,703	279,062	100,616	241,266	238,597	175,889	550,685	206,089	164,874	172,062	124,484	326,899
Group/Directors Accounts	0	0	0	0	0	0	0	0	168,000	0	0	0	0	0	0
other short term finances	0	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	28,330	65,329
other current liabilities	19,594	130,918	40,036	626,689	748,852	722,154	276,865	78,511	88,144	0	0	0	0	527,962	744,225
total current liabilities	255,948	351,017	141,236	756,392	1,027,914	822,770	518,131	317,108	432,033	550,685	206,089	164,874	172,062	680,776	1,136,453
loans	316,667	516,667	916,667	1,000,000	0	0	0	100,000	0	0	0	0	0	300,000	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	2,022	30,351
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	609,375	525,000	525,000	0	0	0	0	430,000	100,000	0	124,515	0	0
provisions	354,852	219,735	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	671,519	736,402	1,526,042	1,525,000	525,000	0	0	100,000	0	430,000	100,000	0	124,515	302,022	30,351
total liabilities	927,467	1,087,419	1,667,278	2,281,392	1,552,914	822,770	518,131	417,108	432,033	980,685	306,089	164,874	296,577	982,798	1,166,804
net assets	2,095,471	1,753,508	2,230,519	2,518,512	2,268,302	2,068,951	2,016,259	1,794,415	1,997,012	2,185,856	908,352	986,053	1,112,430	1,870,397	1,599,740
total shareholders funds	2,095,471	1,753,508	2,230,519	2,518,512	2,268,302	2,068,951	2,016,259	1,794,415	1,997,012	2,185,856	908,352	986,053	1,112,430	1,870,397	1,599,740

	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	6,090,625	-250,688	-348,267	338,949	243,282	63,274	276,191	-200,728	-190,687	1,617,028	-141,950	-127,284	-749,037	128,915	-29,041
Depreciation	2,093	3,173	2,811	2,438	1,634	3,308	4,915	5,096	2,572	455	1,655	22,916	82,011	80,280	56,540
Amortisation	583,311	632,018	606,769	536,602	342,102	285,318	73,650	73,650	73,649	73,649	73,649	73,649	76,747	76,744	1,437,260
Tax	-1,514,146	-202,508	69,105	-58,691	-46,761	-12,360	-52,037	0	0	-339,590	0	0	0	145,127	166,999
Stock	61,079	12,396	-96,556	96,556	0	0	0	0	0	-42,216	-6,960	27,304	-4,866	-33,875	60,613
Debtors	-309,221	-727,976	-288,851	705,727	542,193	46,357	6,785	98,089	-1,738,386	1,741,497	-29,604	-96,482	-991,139	228,360	1,034,756
Creditors	16,255	-81,101	-28,503	-149,359	178,446	-140,650	2,669	62,708	-374,796	344,596	41,215	-7,188	47,578	-202,415	326,899
Accruals and Deferred Income	-111,324	90,882	-586,653	-122,163	26,698	445,289	198,354	-9,633	88,144	0	0	0	-527,962	-216,263	744,225
Deferred Taxes & Provisions	135,117	219,735	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	5,450,073	1,127,091	100,669	-254,507	203,208	597,822	496,957	-166,996	1,337,268	-3,143	11,133	31,271	-74,658	-182,097	1,607,513
Investing Activities
capital expenditure	-183,152	-254,667	-389,688	-585,478	-711,320	-338,515	-558,023	-228,086	-344,540	-348,755	-226,762	-119,627	536,325	-287,197	-1,417,634
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-183,152	-254,667	-389,688	-585,478	-711,320	-338,515	-558,023	-228,086	-344,540	-348,755	-226,762	-119,627	536,325	-287,197	-1,417,634
Financing Activities
Bank loans	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	-168,000	168,000	0	0	0	0	0	0
Other Short Term Loans	-200,000	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-200,000	-400,000	-83,333	1,000,000	0	0	-100,000	100,000	0	0	0	0	-300,000	300,000	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	-30,352	-65,328	95,680
other long term liabilities	0	-609,375	84,375	0	525,000	0	0	0	-430,000	330,000	100,000	-124,515	124,515	0	0
share issue	-4,200,476	19,613	-2	0	0	0	0	0	0	0	64,000	0	0	1	5,331,544
interest	-34,039	-43,428	-8,829	-30,048	2,831	1,778	-2,309	-1,869	1,843	66	249	907	-8,930	-3,386	-7,209
cash flow from financing	-4,434,515	-833,190	-7,789	969,952	527,831	1,778	-102,309	-69,869	-260,157	330,066	164,249	-123,608	-214,767	231,287	5,420,015
cash and cash equivalents
cash	832,405	39,234	-296,808	129,967	19,718	261,085	-163,376	-464,951	732,571	-21,832	-51,380	-211,964	246,900	-238,007	278,512
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	832,405	39,234	-296,808	129,967	19,718	261,085	-163,376	-464,951	732,571	-21,832	-51,380	-211,964	246,900	-238,007	278,512

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WORLD GOLF SYSTEMS LIMITED group structure

World Golf Systems Limited has no subsidiary companies.

Ultimate parent company

WORLD GOLF SYSTEMS LIMITED

03439400

WORLD GOLF SYSTEMS LIMITED Shareholders

steven paul jolliffe	25.33%
david victor jolliffe	25.07%
amphora financial group	4.04%
richard henry briance	3.96%
alan morgan	2.51%
janice dye	2.35%
david robins	1.9%
david reid scott	1.77%
bruce macfarlane	1.66%
michael allen-buckley	1.48%

World Golf Systems Limited currently has 3 directors. The longest serving directors include Mr David Jolliffe (Sep 1997) and Mr Steven Jolliffe (Sep 1997).

officer	country	age	start	end	role
Mr David Jolliffe	United Kingdom	66 years	Sep 1997	-	Director
Mr Steven Jolliffe	United Kingdom	66 years	Sep 1997	-	Director
Mr Robert Harding	Usa	71 years	Dec 2012	-	Director

P&L

December 2023

turnover

1.9m

+94%

operating profit

6.1m

gross margin

50.8%

-49.24%

turnover

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

Balance Sheet

December 2023

net assets

2.1m

+0.2%

total assets

+0.06%

cash

1.1m

+3.21%

net assets

Total assets minus all liabilities

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company number

03439400

Type

Private limited with Share Capital

industry

93120 - Activities of sport clubs

incorporation date

September 1997

ultimate parent company

None

previous names

N/A

address

first floor radius house, 51 clarendon road, watford, hertfordshire, WD17 1HP

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 3 charges/mortgages relating to world golf systems limited. Currently there are 2 open charges and 1 have been satisfied in the past.

world golf systems limited Company Information

world golf systems limited Estimated Valuation

world golf systems limited Estimated Valuation

world golf systems limited Estimated Valuation

World Golf Systems Limited Overview

World Golf Systems Limited Health Check

WORLD GOLF SYSTEMS LIMITED financials

world golf systems limited Credit Report and Business Information

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world golf systems limited Ownership

world golf systems limited directors

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