The Club Company, owner and operator of 13 country clubs in the UK, has reported an increase in revenue and earnings before tax (EBITDA) covering the period when it was acquired by private equity firm Epiris.
The Club Company has approximately 40,000 members and employs about 600 staff. Its clubs offer facilities such as gyms, group fitness studios, swimming pools, spa, crèche, health and beauty, tennis, championship golf courses, bar, restaurant and lounges.
Results for the year to September 2018 in accounts for Vonnco Ltd, which acquired The Club Company last year, reveal that turnover rose from £43.4m to £46m, while EBITDA climbed from £9m to £10.2m.
Like-for-like club EBITDA increased by 4 per cent, while income from membership subscription income rose by the same amount. A valuation of the club’s assets, which was carried out at the time of Epiris’ acquisition in May 2018, revealed a £2.5m increase since the previous valuation in June 2017. Between January and February 2018 refurbishments and improvements were carried out across seven of the group’s 13 clubs.
“Previous experience of Epiris in the leisure sector has enabled us to have a more streamlined and focused approach to our business,” said The Club Company chief executive Thierry Delsol. “We look forward to this trend continuing as we are exploring new revenue streams and potential acquisitions in the future.
The clubs within the group’s portfolio are Benton Hall, Castle Royle, Chartham Park, The Essex, Lichfield Golf & Country, The Club at Mapledurham, The Club at Meyrick Park, Nizel’s Golf & Country Club, The Tytherington Club, The Warwickshire, Wharton Park, Witney Lakes Resort and Woodbury Park.