PGA EUROPEAN TOUR
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Cash
£84m
+45.1% highest in 3 filed years
Net assets
£65m
+34.7% highest in 3 filed years
Employees
361
+4% highest in 3 filed years
Profit before tax
£3.3m
+111.3% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £448,234,000 | £355,583,000 | £346,374,000 | -2.6% | |
| Operating profit | -£19,794,000 | -£27,618,000 | -£64,572,000 | -133.8% | |
| Profit before tax | -£23,816,000 | -£29,198,000 | £3,289,000 | +111.3% | |
| Net profit | -£25,074,000 | -£17,028,000 | £3,228,000 | +119% | |
| Cash | £71,964,000 | £57,588,000 | £83,533,000 | +45.1% | |
| Total assets less current liabilities | £179,843,000 | £161,626,000 | £138,909,000 | -14.1% | |
| Net assets | £46,609,000 | £48,207,000 | £64,926,000 | +34.7% | |
| Equity | £48,198,000 | £48,207,000 | £64,926,000 | +34.7% | |
| Average employees | 344 | 347 | 361 | +4% | |
| Wages | £27,588,000 | £26,833,000 | £29,224,000 | +8.9% | |
| Directors' remuneration | £3,287,000 | £2,734,000 | £2,826,000 | +3.4% | |
| Directors' pension contributions | £4,000 | £1,000 | — | — | |
| Highest paid director | £2,539,000 | £1,560,000 | £1,984,000 | +27.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -4.4% | -7.8% | -18.6% | |
| Net margin | -5.6% | -4.8% | 0.9% | |
| Return on capital employed | -11.0% | -17.1% | -46.5% | |
| Gearing (liabilities / total assets) | 85.0% | 80.9% | 74.9% | |
| Current ratio | 1.44x | 1.52x | 1.26x | |
| Interest cover | -3.49x | -8.18x | -37.15x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group meets its day-to-day working capital requirements through the cash reserves available to it. As part of the strategic alliance PGAT pays a guaranteed and non-repayable AIP.”
Group structure
- PGA EUROPEAN TOUR · parent
- PGA European Tour Productions Limited 70%
- Ryder Cup Europe LLP 60%
- Ryder Cup Limited 60%
- European Tour China Limited 100%
- Ryder Cup 2027 Commercial Designated Activity Company 60%
- Ryder Cup Italy Limited 60%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BYE, Benjamin Griffiths | Secretary | 2020-07-13 | — | — |
| AL NABOODAH, Abdulla Saeed Juma | Director | 2023-05-01 | Sep 1976 | Emirati |
| AVIS, Penelope Jane | Director | 2020-11-10 | Apr 1968 | British |
| BJØRN, Thomas | Director | 2020-03-23 | Feb 1971 | Danish |
| BRASS, Martha Ellen | Director | 2018-06-25 | Jan 1963 | British |
| EALES, Paul Martyn | Director | 2004-03-03 | Aug 1963 | British |
| GILBERT, Martin James | Director | 2020-03-23 | Jul 1955 | British |
| HANELL, Christopher Lars Henrik | Director | 2009-07-06 | May 1973 | Swedish |
| HAVRET, Grégory Hugues | Director | 2025-03-10 | Nov 1976 | French |
| HOWELL, David Alexander | Director | 2020-11-30 | Jun 1975 | British |
| LEE, Robert William | Director | 2002-12-17 | Oct 1961 | British |
| MONAHAN, Jay William | Director | 2021-01-29 | May 1970 | American |
| MONTGOMERIE, Colin Stuart | Director | 2026-03-23 | Jun 1963 | British |
| NICOLI, Eric Luciano | Director | 2019-03-25 | Aug 1950 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRAY, Marina | Secretary | — | 2006-05-15 |
| GORDON, Susan | Secretary | 2016-09-30 | 2019-04-30 |
| ORR, Jonathan Rupert | Secretary | 2006-05-15 | 2016-09-30 |
| STENT, Joanne | Secretary | 2019-06-24 | 2020-06-16 |
| AF ROSENBORG, Jutta Grevinde, Countess | Director | 2018-06-25 | 2020-12-31 |
| BEMBRIDGE, Maurice | Director | 2007-04-30 | 2011-02-15 |
| BROWN, Kenneth John | Director | 1997-01-02 | 2004-12-20 |
| BUFFINI, Damon Marcus, Sir | Director | 2018-06-25 | 2019-12-02 |
| CHAPMAN, Roger Michael | Director | 2004-03-03 | 2009-07-06 |
| CLAYDON, Russell | Director | 2000-12-24 | 2002-12-17 |
| COLES, Neil Chapman | Director | — | 2013-12-31 |
| COOPER, Derrick | Director | 1997-07-08 | 2004-03-03 |
| GALLACHER, Bernard | Director | — | 2002-12-17 |
| GALLARDO, Angel | Director | — | 2016-11-28 |
| HORTON, Thomas Alfred | Director | 1996-12-03 | 2006-11-27 |
| HORTON, Thomas Alfred | Director | — | 1993-05-26 |
| JAMES, Mark Hugh | Director | 1997-01-02 | 2004-12-20 |
| JAMES, Mark Hugh | Director | — | 1993-05-13 |
| JONES, David | Director | 1992-05-20 | 2021-12-31 |
| LANNER, Mats | Director | 2001-07-04 | 2004-03-03 |
| LAWRIE, Paul Stewart | Director | 2022-01-01 | 2023-01-12 |
| MCGINLEY, Paul Noel | Director | 2018-06-25 | 2022-12-31 |
| MOODY, Christopher | Director | 1993-05-26 | 1997-01-02 |
| O'LEARY, John Eudes | Director | — | 2018-12-31 |
| RAFFERTY, Ronan | Director | 1996-05-15 | 2000-11-24 |
| RALPH, Glenn William | Director | 1993-05-26 | 1996-08-30 |
| ROE, Mark Adrian | Director | 2008-07-07 | 2024-12-31 |
| RUSSELL, David John | Director | 1997-01-02 | 2021-12-31 |
| RUSSELL, David John | Director | 1994-12-05 | 1996-03-13 |
| SELLBERG, Ove | Director | 2001-07-04 | 2026-03-23 |
| SPENCE, James Stephen | Director | 2004-12-20 | 2019-09-09 |
| TALBOT, David | Director | 1994-04-12 | 1996-12-03 |
| TOWNSEND, Peter Michael Paul | Director | — | 1993-05-26 |
| VAN DE VELDE, Jean | Director | 2004-03-03 | 2008-07-06 |
| WATERS, Keith Raymond | Director | 1993-05-26 | 1995-12-04 |
| WILLIAMS, David Gay | Director | 2014-01-01 | 2022-12-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 234 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type group | |
| 2026-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-18 | CH01 | officers | Change person director company with change date | |
| 2026-06-18 | CH01 | officers | Change person director company with change date | |
| 2026-06-18 | CH01 | officers | Change person director company with change date | |
| 2026-06-18 | CH01 | officers | Change person director company with change date | |
| 2026-06-18 | CH01 | officers | Change person director company with change date | |
| 2026-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-01 | AA | accounts | Accounts with accounts type group | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | CH01 | officers | Change person director company with change date | |
| 2025-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-16 | CH01 | officers | Change person director company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-21 | AA | accounts | Accounts with accounts type group | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-05 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.