PUTTSHACK LTD
Operating as a subsidiary of Puttshack International Holdings Inc, the business serves as the UK holding company for the Puttshack indoor mini-golf and hospitality brand.
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Cash
£658K
-30.8% lowest in 3 filed years
Net assets
£8.4M
-24% lowest in 3 filed years
Employees
318
-78.9% lowest in 3 filed years
Profit before tax
-£2.7M
+86.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As stated in note 1, these events or conditions, along with the other matters as set forth in note 1, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £55,384,236 | £80,771,281 | £18,991,900 | -76.5% | |
| Operating profit | -£10,577,985 | -£11,495,556 | -£2,659,138 | +76.9% | |
| Profit before tax | -£12,357,130 | -£19,322,457 | -£2,664,164 | +86.2% | |
| Net profit | -£12,357,130 | -£19,560,382 | -£2,664,164 | +86.4% | |
| Cash | £16,084,013 | £951,305 | £657,836 | -30.8% | |
| Total assets less current liabilities | £50,160,544 | £14,029,722 | £11,059,707 | -21.2% | |
| Net assets | £50,160,544 | £11,079,751 | £8,415,587 | -24% | |
| Equity | £50,160,544 | £11,079,751 | £8,415,587 | -24% | |
| Average employees | 903 | 1,504 | 318 | -78.9% | |
| Wages | £21,226,061 | £28,002,977 | £6,217,433 | -77.8% | |
| Directors' remuneration | £1,362,077 | £1,896,488 | £37,337 | -98% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | -19.1% | -14.2% | -14.0% | |
| Net margin | -22.3% | -24.2% | -14.0% | |
| Return on capital employed | -21.1% | -81.9% | -24.0% | |
| Gearing (liabilities / total assets) | — | 48.2% | 49.1% | |
| Current ratio | 1.30x | 0.77x | 0.63x | |
| Interest cover | -5.95x | -1.47x | — |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As stated in note 1, these events or conditions, along with the other matters as set forth in note 1, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”
Group structure
- PUTTSHACK LTD · parent
- Puttshack IP Holdings Limited 100%
- Puttshack Services Limited 100%
- Puttshack Patents Limited 100%
- Puttshack UK Limited 100%
- Puttshack Trademarks Limited 100%
- Puttshack Watford Limited+ 100%
- Puttshack Reading Limited 100%
- Puttshack Lakeside Limited+ 100%
Significant events
- “The Group further strengthened its presence in the USA with the opening of an additional five venues in 2024 and three venues in 2025.”
- “Since the reporting date, the Group has raised £55.7m ($75.0m) in equity cash injections which have been used in part to pay down the debt facility by £53.2m ($71.7m) million.”
- “During the second half of 2025 and into 2026, the Group has been working with Blackrock to refinance the current debt structure. In March 2026, the Group has received a further cash injection from its lender of $13.7m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAL MANAGEMENT LIMITED | Corporate Secretary | 2016-01-21 | — | — |
| BAGLEY, David Matthew | Director | 2025-04-04 | Apr 1966 | American |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREWS, Christopher John Francis | Director | 2016-04-25 | 2023-06-30 |
| BREEDEN, Adam Miles | Director | 2015-11-17 | 2023-06-30 |
| BURT, Michael Wallace | Director | 2019-05-23 | 2023-06-30 |
| DIAMOND, David Neil | Director | 2019-11-20 | 2023-06-30 |
| GADAMS, Frank Thomas | Director | 2021-07-20 | 2023-06-30 |
| GUERTLER, Philipp Christian Marcus | Director | 2022-03-15 | 2023-06-30 |
| HARRIS, Toby Charles | Director | 2019-11-13 | 2022-02-18 |
| HARRIS, Toby Charles | Director | 2018-04-23 | 2018-05-10 |
| JOLLIFFE, David Victor | Director | 2016-01-21 | 2021-05-05 |
| JOLLIFFE, Steven Paul | Director | 2016-01-21 | 2023-06-30 |
| MCGEOCH, Angus Nicholson | Director | 2021-07-20 | 2022-03-04 |
| PENZIK, Dov Jonathon | Director | 2019-06-05 | 2019-11-13 |
| PENZIK, Dov Jonathon | Director | 2016-01-21 | 2017-08-24 |
| POWELL, Logan Gray | Director | 2019-07-18 | 2025-03-31 |
| RODRIGUEZ, JR, Joe Richard | Director | 2021-07-20 | 2023-06-30 |
| SHAH, Ajay Kumar | Director | 2017-08-24 | 2018-04-23 |
| SHEFFER, David | Director | 2021-07-20 | 2023-06-30 |
| VRANKIN, Joseph | Director | 2019-05-21 | 2024-10-15 |
| WALMESLEY, Susan | Director | 2021-05-05 | 2023-06-30 |
| WILLETT, Andrew James | Director | 2024-10-15 | 2026-01-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Wgs Puttshack Nominees Limited | Corporate entity | Shares 25–50% | 2016-04-06 | Ceased 2022-09-12 |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-20 MA Memorandum articles
- 2024-01-20 RESOLUTIONS Resolution
- 2023-10-12 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-17 | AA | accounts | Accounts with accounts type group | |
| 2026-04-13 | AA | accounts | Accounts with accounts type group | |
| 2026-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-12-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-05-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-08 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-03-04 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | CH01 | officers | Change person director company with change date | |
| 2024-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-20 | MA | incorporation | Memorandum articles | |
| 2024-01-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-12 | MA | incorporation | Memorandum articles | |
| 2023-10-12 | SH08 | capital | Capital name of class of shares | |
| 2023-10-10 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- 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.