Clubhaus gets into its swing
Article Abstract:
Clubhaus demerged from Ex-Lands in Feb 1996 through a flotation. Clubhaus' share price has stayed stable but the company has carried out two acquisitions. The 1990s recession led to problems for many people who invested in golf courses in the late 1980s. This creates opportunities for Clubhaus which is seeking to expand to between 12 and 15 golf courses which attract families, not just men. The company is seeking bargains in good locations. The company's profit is forecast at 1.5 million pounds sterling for 1996 rising to 3.25 million pounds for 1997 by Butterfield.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Clubhaus in the swing
Article Abstract:
Clubhaus is a golf club operator with six courses in the UK. The company was floated in Feb 1996 and aimed to expand to between 12 and 15 golf clubs in the UK over two years. The company is able to buy golf courses cheaply due to distressed sellers who invested in this area in the 1980s. Clubhaus also has golf courses in Belgium and Germany, and owns the Fox Club in London, which is a center for overseas members. The company's profit is forecast at 4.6 million pounds sterling for 1997 by Butterfield Securities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Clubhaus
Article Abstract:
Clubhaus purchased many of its 19 gold courses in the United Kingdom and mainland Europe at low prices with planning permission to develop them further. The company is also opening fitness centers, organizes holidays, and sells merchandise using a catalog. The group has capital spending plans of 10 million pounds sterling for 1999, with 3.8 times interest cover. Clubhaus reported a rise in pre-tax profit of 38% prior to exceptionals in 1998.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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