THE ROYAL & ANCIENT GOLF CLUB OF ST. ANDREWS TRUST
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Cash
£117k
-36.4% lowest in 3 filed years
Net assets
£5.7m
-3% vs 2024
Employees
42
+23.5% highest in 3 filed years
Profit before tax
-£178k
-136.2% vs 2024
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 | £886,000 | £2,823,000 | £2,035,000 | -27.9% | |
| Operating profit | £114,000 | -£133,000 | — | — | |
| Profit before tax | -£324,000 | £492,000 | -£178,000 | -136.2% | |
| Net profit | -£347,000 | £414,000 | -£178,000 | -143% | |
| Cash | £305,000 | £184,000 | £117,000 | -36.4% | |
| Total assets less current liabilities | £5,426,000 | £5,840,000 | £5,662,000 | -3% | |
| Net assets | £5,426,000 | £5,840,000 | £5,662,000 | -3% | |
| Equity | £5,426,000 | £5,840,000 | £5,662,000 | -3% | |
| Average employees | 26 | 34 | 42 | +23.5% | |
| Wages | £583,000 | £673,000 | £711,000 | +5.6% | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 12.9% | -4.7% | — | |
| Net margin | -39.2% | 14.7% | -8.7% | |
| Return on capital employed | 2.1% | -2.3% | — | |
| Gearing (liabilities / total assets) | 17.2% | 6.1% | 6.0% | |
| Current ratio | 0.56x | 1.19x | 1.07x | |
| Interest cover | 6.71x | -7.82x | — |
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.
Name history
Renamed 1 time since incorporation
- THE ROYAL & ANCIENT GOLF CLUB OF ST. ANDREWS TRUST 1989-02-10 → present
- ROYAL & ANCIENT GOLF CLUB OF ST. ANDREWS PRESERVATION TRUST, (THE) 1986-12-31 → 1989-02-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that preparing the financial statements on the going concern basis is appropriate due to assurance the Directors have received from R&A Trust Company (No.1) Limited... that the Group will support the company as necessary”
Group structure
- THE ROYAL & ANCIENT GOLF CLUB OF ST. ANDREWS TRUST · parent
- Golf Museum Services Limited 100%
Significant events
- “From March 2026 the operation of the restaurant was out sourced to a third party.”
- “Golf Museum Services Limited had a loan in place for £850,000 with another company in the group, R&A Trust Company (No.1) Limited. R&A Trust Company (No.1) Limited decided to write the loan off in full at 31 December 2024”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRINK, John Daniel | Secretary | 2023-05-03 | — | — |
| KIRKWOOD, Gillian Grace | Director | 2023-03-16 | Mar 1949 | British |
| MCARTHUR, James Stuart | Director | 2024-09-19 | Aug 1949 | British |
| MCGREGOR, John Robert | Director | 2025-09-18 | Apr 1961 | British |
| PATERSON, Elizabeth Mcnicol | Director | 2025-09-18 | Nov 1961 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOBELL, Mark Timothy | Secretary | 2006-09-20 | 2012-04-30 |
| MURRAY, John Fraser | Secretary | 2012-04-30 | 2023-05-03 |
| PAGAN OSBORNE | Corporate Secretary | 1989-05-17 | 2006-09-20 |
| ALEXANDER, Walter Ronald | Director | — | 2003-05-07 |
| ATTENBOROUGH, Michael Francis | Director | 2009-09-23 | 2019-09-19 |
| BARR, George Russell, Very Rev Dr | Director | 2022-05-05 | 2025-09-18 |
| BEHARRELL, John Charles | Director | 2002-09-18 | 2010-12-15 |
| BISSET, Thomas Melville, Mister | Director | — | 2001-05-09 |
| BONALLACK, Michael Francis, Sir | Director | 2001-05-09 | 2022-04-27 |
| BROWN, Colin Murray | Director | 2011-05-03 | 2015-09-24 |
| CAMPBELL, William Cammack | Director | 2000-09-20 | 2010-09-22 |
| CARMICHAEL, John, Sir | Director | — | 1991-05-22 |
| CATER, John Robert | Director | — | 1997-05-07 |
| DONALDSON, Michael Neil | Director | 2017-05-03 | 2018-09-20 |
| DOWLING, Claire | Director | 2022-09-23 | 2023-09-21 |
| GOODRICH, Anthony Gordon Michael | Director | 2022-09-23 | 2026-09-25 |
| HARRISON, David James | Director | 2016-01-13 | 2022-11-25 |
| HATTRELL, Martin Edward Michael | Director | 2020-09-24 | 2022-09-23 |
| LINDESAY-BETHUNE, John Martin | Director | 1995-05-03 | 2010-05-05 |
| MACINTOSH, Keith William | Director | 2019-09-19 | 2024-09-19 |
| MACLAINE, Colin | Director | — | 1991-09-18 |
| MCARTHUR, James Stuart | Director | 2018-09-20 | 2020-09-24 |
| MONROE, Jeremy Robert | Director | 2023-09-21 | 2023-11-16 |
| NEILL, James Hugh, Sir | Director | — | 2006-04-11 |
| RAE, Robert Hart | Director | 2021-09-23 | 2025-09-18 |
| ROYDS, Nicholas Clyne | Director | 1992-01-22 | 2000-09-20 |
| SIMMERS, Graeme Maxwell | Director | 2003-07-15 | 2022-05-05 |
| SINCLAIR, Alexander | Director | — | 2002-07-27 |
| UZIELLI, William John | Director | 2006-05-22 | 2021-09-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| R&A Trust Company (No.2) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 168 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-12 MA Memorandum articles
- 2023-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-22 | AA | accounts | Accounts with accounts type group | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-06 | AA | accounts | Accounts with accounts type group | |
| 2024-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-12 | MA | incorporation | Memorandum articles | |
| 2023-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-18 | AA | accounts | Accounts with accounts type group | |
| 2023-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.