American Golf parent buys another 12 months with improved performance
Loss-making AGDC Holdings, the parent company of Warrington-based American Golf, has teed up a significant increase in turnover despite an 8.9% fall in participation in the sport, buying time for at least another 12 months of trading.
In the year to January 22, 2017, the company’s revenue increased from £114.1m to £131.8m, but the it still made a pre-tax loss of £2.53m albeit down from the £4.42m loss of the prior year, mitigated by exceptional income of £609,000.
The company underwent a restructure and refinancing with... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
