Topgolf Limited

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topgolf limited Company Information

Live

MatureLargeHigh

Company Number

03724493

Website

www.topgolf.com

Registered Address

topgolf limited, unit 8 shepperton business park, shepperton, TW17 8BA

Industry

Operation of sports facilities

Telephone

02083871428

Next Accounts Due

September 2024

Group Structure

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Directors

Susana Arevalo Acosta1 Years

Benjamin Sharpe1 Years

Shareholders

topgolf group limited 100%

topgolf limited Estimated Valuation

£352.6m

Pomanda estimates the enterprise value of TOPGOLF LIMITED at £352.6m based on Net Assets of £115.6m and 3.05x industry multiple (adjusted for liquidity).

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Topgolf Limited is a live company located in shepperton, TW17 8BA with a Companies House number of 03724493. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in March 1999, it's largest shareholder is topgolf group limited with a 100% stake. Topgolf Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.9m with high growth in recent years.

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Pomanda's financial health check has awarded Topgolf Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £28.5m, make it larger than the average company (£612.3k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-4.7%)

EXPORT

Topgolf Limited's latest turnover from December 2022 is £41.9 million and the company has net assets of £115.6 million. According to their latest financial statements, Topgolf Limited has 587 employees and maintains cash reserves of £18.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Jan 2022	Jan 2021	Dec 2019	Dec 2018	Dec 2017	Jan 2017	Jan 2016	Jan 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	41,885,637	28,483,393	20,082,073	24,320,794	21,541,656	19,086,058	16,573,661	13,554,673	11,641,054	10,068,859	8,406,722	6,912,082	5,523,407	5,355,293
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,870,227	9,568,284	9,651,042	9,908,681	8,706,441	7,904,242	7,779,518	5,860,754	5,124,696	5,038,859	4,176,991	3,138,707	2,818,206	2,538,026
Gross Profit	28,015,410	18,915,109	10,431,031	14,412,113	12,835,215	11,181,816	8,794,143	7,693,919	6,516,358	5,030,000	4,229,731	3,773,375	2,705,201	2,817,267
Admin Expenses	40,416,612	26,919,892	23,707,308	23,019,599	20,069,869	13,940,529	8,689,142	4,982,651	4,488,925	3,959,119	5,244,698	4,362,366	3,814,130	4,239,196
Operating Profit	-12,401,202	-8,004,783	-13,276,277	-8,607,486	-7,234,654	-2,758,713	105,001	2,711,268	2,027,433	1,070,881	-1,014,967	-588,991	-1,108,929	-1,421,929
Interest Payable	128,237	98,147	332,448	389,461	262,608	69,058	109,010	0	0	0	0	0	989	6,137
Interest Receivable	13,266	91	19	540	560	110	870	1,405	218	0	0	0	0	0
Pre-Tax Profit	-12,513,173	-8,088,989	-13,608,706	-8,996,407	-7,496,702	-2,827,661	-3,139	2,646,173	2,027,433	1,070,881	-1,014,967	-588,991	-1,109,918	-1,428,066
Tax	119,752	-53,373	-39,564	-86,387	-16,162	13,881	-1,457	-236,899	0	0	0	0	0	0
Profit After Tax	-12,393,421	-8,142,362	-13,648,270	-9,082,794	-7,512,864	-2,813,780	-4,596	2,409,274	2,027,433	1,070,881	-1,014,967	-588,991	-1,109,918	-1,428,066
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-12,393,421	-8,142,362	-13,648,270	-9,082,794	-7,512,864	-2,813,780	-4,596	2,409,274	2,027,433	1,070,881	-1,014,967	-588,991	-1,109,918	-1,428,066
Employee Costs	16,453,651	14,446,553	9,224,000	12,123,210	10,343,194	8,103,957	6,493,838	4,517,914	3,977,596	3,502,065	3,132,110	2,549,406	2,302,105	1,972,654
Number Of Employees	587	524	556	591	553	518	578	441	338	268	298	221	195	148
EBITDA*	-7,427,855	-3,903,684	-9,469,075	-5,765,433	-4,749,416	-735,350	1,808,866	3,803,502	3,038,283	2,007,116	-58,982	-588,991	-245,599	-490,930

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Jan 2022	Jan 2021	Dec 2019	Dec 2018	Dec 2017	Jan 2017	Jan 2016	Jan 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	22,608,636	13,618,679	9,535,718	8,889,459	7,201,497	6,551,183	6,875,933	6,335,611	6,217,368	6,440,969	6,734,870	6,695,737	6,801,761	7,490,911
Intangible Assets	3,068,236	4,602,354	6,136,472	2,690,361	3,840,100	1,991,667	2,891,667	0	0	0	0	0	0	0
Investments & Other	71,952,513	59,186,498	55,527,625	55,486,371	55,486,371	48,168,098	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	97,629,385	77,407,531	71,199,815	67,066,191	66,527,968	56,710,948	9,767,600	6,335,611	6,217,368	6,440,969	6,734,870	6,695,737	6,801,761	7,490,911
Stock & work in progress	12,287,024	5,001,028	3,502,580	4,461,501	933,256	75,142	71,511	48,252	76,894	43,578	53,908	58,963	56,275	68,583
Trade Debtors	2,370,422	656,657	1,136,662	660,895	437,543	83,612	28,621	46,164	22,461	23,973	1,745	2,513	18,218	102,825
Group Debtors	5,778,284	3,410,429	3,410,429	3,410,429	3,431,815	3,410,429	3,460,274	561,374	0	0	0	0	0	0
Misc Debtors	1,865,432	2,667,511	3,206,563	2,704,334	2,317,878	1,701,808	461,699	416,613	293,916	285,714	205,245	190,020	276,999	138,141
Cash	18,193,908	2,874,024	399,441	1,451,091	1,541,084	1,406,041	667,432	2,351,988	1,304,548	402,646	359,859	200,904	29,506	2,589
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	40,495,070	14,609,649	11,655,675	12,688,250	8,661,576	6,677,032	4,689,537	3,424,391	1,697,819	755,911	620,757	452,400	380,998	312,138
total assets	138,124,455	92,017,180	82,855,490	79,754,441	75,189,544	63,387,980	14,457,137	9,760,002	7,915,187	7,196,880	7,355,627	7,148,137	7,182,759	7,803,049
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	22,419	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,365,903	769,705	1,197,428	1,309,796	785,904	709,771	487,869	770,531	365,216	398,884	345,467	156,483	229,663	470,540
Group/Directors Accounts	9,496,273	925,531	6,098,504	5,321,756	14,059,639	5,789,691	2,275,390	0	1,938,209	3,126,644	4,507,975	3,616,009	3,288,061	2,418,230
other short term finances	0	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	86,132
other current liabilities	8,932,144	10,670,769	7,402,403	6,019,120	4,402,950	3,538,609	2,184,839	1,398,494	492,704	637,430	775,713	634,206	297,833	373,446
total current liabilities	20,794,320	12,366,005	14,698,335	12,650,672	19,248,493	10,038,071	4,948,098	2,169,025	2,796,129	4,162,958	5,629,155	4,406,698	3,837,976	3,348,348
loans	0	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	14,353	14,353
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,762,395	1,634,158	1,567,658	1,501,157	1,434,657	1,368,156	1,301,655	1,192,645	1,130,000	1,072,297	0	0	0	0
total long term liabilities	1,762,395	1,634,158	1,567,658	1,501,157	1,434,657	1,368,156	1,301,655	1,192,645	1,130,000	1,072,297	0	0	14,353	14,353
total liabilities	22,556,715	14,000,163	16,265,993	14,151,829	20,683,150	11,406,227	6,249,753	3,361,670	3,926,129	5,235,255	5,629,155	4,406,698	3,852,329	3,362,701
net assets	115,567,740	78,017,017	66,589,497	65,602,612	54,506,394	51,981,753	8,207,384	6,398,332	3,989,058	1,961,625	1,726,472	2,741,439	3,330,430	4,440,348
total shareholders funds	115,567,740	78,017,017	66,589,497	65,602,612	54,506,394	51,981,753	8,207,384	6,398,332	3,989,058	1,961,625	1,726,472	2,741,439	3,330,430	4,440,348

	Dec 2022	Jan 2022	Jan 2021	Dec 2019	Dec 2018	Dec 2017	Jan 2017	Jan 2016	Jan 2015	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-12,401,202	-8,004,783	-13,276,277	-8,607,486	-7,234,654	-2,758,713	105,001	2,711,268	2,027,433	1,070,881	-1,014,967	-588,991	-1,108,929	-1,421,929
Depreciation	3,439,229	2,566,981	2,231,766	1,692,314	1,127,166	1,123,363	1,167,327	1,092,234	1,010,850	936,235	955,985	0	863,330	930,999
Amortisation	1,534,118	1,534,118	1,575,436	1,149,739	1,358,072	900,000	536,538	0	0	0	0	0	0	0
Tax	119,752	-53,373	-39,564	-86,387	-16,162	13,881	-1,457	-236,899	0	0	0	0	0	0
Stock	8,784,444	1,498,448	3,502,580	3,528,245	858,114	26,890	23,259	-28,642	76,894	-10,330	-5,055	2,688	-12,308	68,583
Debtors	2,260,484	-1,019,057	7,753,654	588,422	991,387	4,171,698	2,926,443	707,774	316,377	102,697	14,457	-102,684	54,251	240,966
Creditors	1,168,475	-427,723	1,197,428	523,892	76,133	-60,760	-282,662	405,315	365,216	53,417	188,984	-73,180	-240,877	470,540
Accruals and Deferred Income	1,529,741	3,268,366	7,402,403	1,616,170	864,341	2,140,115	786,345	905,790	492,704	-138,283	141,507	336,373	-75,613	373,446
Deferred Taxes & Provisions	194,737	66,500	1,567,658	66,500	66,501	175,511	109,010	62,645	1,130,000	1,072,297	0	0	0	0
Cash flow from operations	-15,460,078	-1,529,305	-10,597,384	-7,761,925	-5,608,104	-2,665,191	-529,600	4,261,221	4,632,932	2,902,180	262,107	-225,802	-604,032	43,507
Investing Activities
capital expenditure	-14,978,029	-6,649,942	-19,479,392	-3,380,276	-4,983,985	-4,230,602	-5,135,854	-1,210,477	-7,228,218	-642,334	-995,118	106,024	-174,180	-8,421,910
Change in Investments	16,424,888	3,658,873	55,527,625	0	7,318,273	48,168,098	0	0	0	0	0	0	0	0
cash flow from investments	-31,402,917	-10,308,815	-75,007,017	-3,380,276	-12,302,258	-52,398,700	-5,135,854	-1,210,477	-7,228,218	-642,334	-995,118	106,024	-174,180	-8,421,910
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	3,397,769	-5,172,973	6,098,504	-8,737,883	8,269,948	5,789,691	2,275,390	-1,938,209	1,938,209	-1,381,331	891,966	327,948	869,831	2,418,230
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	-14,353	-86,132	100,485
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	61,371,664	19,569,882	80,237,767	20,179,012	10,037,505	48,397,201	1,813,648	0	1,961,625	-835,728	0	0	0	5,868,414
interest	-114,971	-98,056	-332,429	-388,921	-262,048	-68,948	-108,140	1,405	218	0	0	0	-989	-6,137
cash flow from financing	64,654,462	14,298,853	86,003,842	11,052,208	18,045,405	54,117,944	3,980,898	-1,936,804	3,900,052	-2,217,059	891,966	313,595	782,710	8,380,992
cash and cash equivalents
cash	17,794,467	2,474,583	399,441	-89,993	135,043	-945,947	-1,684,556	1,047,440	1,304,548	42,787	158,955	171,398	26,917	2,589
overdraft	0	0	0	0	0	0	0	0	0	0	0	-22,419	22,419	0
change in cash	17,794,467	2,474,583	399,441	-89,993	135,043	-945,947	-1,684,556	1,047,440	1,304,548	42,787	158,955	193,817	4,498	2,589

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TOPGOLF LIMITED group structure

Topgolf Limited has 2 subsidiary companies.

Ultimate parent company

TOPGOLF INTERNATIONAL INC

#0073766

TOPGOLF GROUP LIMITED

04523988

2 parents

TOPGOLF LIMITED

03724493

2 subsidiaries

TOPGOLF CANADA HOLDINGS LTD.

10874980

TOPGOLF MEXICO HOLDINGS LTD.

10604080

TOPGOLF LIMITED Shareholders

topgolf group limited

100%

Topgolf Limited currently has 2 directors. The longest serving directors include Vice President, Fina Susana Arevalo Acosta (May 2023) and President Benjamin Sharpe (May 2023).

officer	country	age	start	end	role
Vice President, Fina Susana Arevalo Acosta	United Kingdom	38 years	May 2023	-	Director
President Benjamin Sharpe	United Kingdom	51 years	May 2023	-	Director

P&L

December 2022

turnover

41.9m

+109%

operating profit

-12.4m

-7%

gross margin

66.9%

+28.77%

turnover

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

Balance Sheet

December 2022

net assets

115.6m

+0.74%

total assets

138.1m

+0.67%

cash

18.2m

+44.55%

net assets

Total assets minus all liabilities

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3.5

company number

03724493

Type

Private limited with Share Capital

industry

93110 - Operation of sports facilities

incorporation date

March 1999

age

accounts

Full Accounts

ultimate parent company

TOPGOLF INTERNATIONAL INC

previous names

N/A

incorporated

address

topgolf limited, unit 8 shepperton business park, shepperton, TW17 8BA

last accounts submitted

December 2022

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 topgolf limited. Currently there are 1 open charges and 7 have been satisfied in the past.

topgolf limited Company Information

topgolf limited Estimated Valuation

topgolf limited Estimated Valuation

topgolf limited Estimated Valuation

Topgolf Limited Overview

Topgolf Limited Health Check

TOPGOLF LIMITED financials

topgolf limited Credit Report and Business Information

Topgolf Limited Competitor Analysis

topgolf limited Ownership

topgolf limited directors

topgolf limited company details

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topgolf limited Companies House Filings - See Documents