International Leisure Group (ILG), the holding company for American Golf has reported sales of £166m for the 12 months to January 30, 2022, up from the £115.4m it achieved in the prior year.
ILG has also revealed plans for a £6m investment programme during the next 12 months which will create 50 new jobs in the UK
The latest turnover figure is also ahead of the £141.6m the group posted in the year before the Covid-19 pandemic hit.
The Warrington-headquartered group, which is backed by private equity firm Endless, added its pre-tax profits also surged from £152,370 to £7.8m for its latest year. ILG’s EBITDA before exceptional costs for the financial year totalled £12.8m, up from £1.6m in 2021. The group said its figures were the best in it’s 52-year history.
It added the figures “represent a remarkable turnaround” for the business, which was losing £3.9m (FY19 EBITDA) when it was acquired by Endless in October 2018.
During its latest financial year, the group generated £108.5m of sales through its retail stores, compared to £44.1m spent online.
American Golf now has 95 bricks and mortar stores across the UK and Ireland.
