The US-based consultancy powerhouse, Alvarez & Marsal, reported a 32% growth in the operating profits of its Kerry golf resort last year, reaching €4.15 million. The company acquired Hog’s Head golf course in Waterville, Baslicon, Co Kerry in 2015. Currently, A&M SWB Holding Ltd, which initiates their accounts, indicates a hefty investment with the book value of the golf company’s tangible assets listed at €54.64 million.
On a global scale, the Alvarez & Marsal Inc possesses a workforce of 10,000 across 84 offices situated in 40 nations. The company has successfully been in operation for 41 years.
In 2023, A&M SWB Holding Ltd saw a remarkable rise in operating profits after witnessing a 20% increase in revenues – from €12.36 million to €14.88 million. The company maintains a private golf club which positions it at the high-end segment of the global golf industry.
The firm has a relentless commitment to investment in its facilities to uphold its prominent status. As outlined in the company’s accounts, the management is extremely focussed on offering an exceptional golf experience for its members and their guests, a trend expected to be maintained in 2024.
The operating profits of the company surged by €1 million or 32% in 2023, while after honouring interest payments worth €2.79 million, the company registered a pretax profit of €1.36 million.
During the years 2021, 2022, and 2023, the company managed to avoid a corporation tax charge. The company’s sales costs in 2023 amounted to €2.24 million and administrative expenses reached €8.5 million.
The company’s consolidated balance sheet informs about the shareholder funds of around €57.06 million at the close of December 2023. These figures consider the accumulated losses of €21.39 million — offset by called-up share capital of €78.46 million.
The company’s monetary reserves faced a substantial decrease, falling from €2.14 million to a mere €339,675. In the financial projections for 2023, an allowance has been made for non-cash depreciation expenditures amounting to €2.79 million. The workforce size experienced an uptick, as it rose from 96 to 107 the preceding year, resulting in a notable surge of staff expenses from €4.76 million to €5.42 million. The physical assets’ book value embodies €39.6 million attributed to structures, €5.4 million to the golf facility, €3 million to landownership, and an additional €6.5 million tied to equipment and fixtures.